SGX Stock Market

17Jul
sgx 17 july 2014

Financial Sgx Singapore Stock Market Trading Picks And News – 17 July 2014

MARKET UPDATES :

  • OLAM International’s five-year S$400 million bond issue got strong demand from private bank clients, said DBS Bank on Wednesday.The issue by the Temasek Holdings’ subsidiary received orders exceeding S$1.7 billion, from 102 accounts and was priced at 4.25 per cent.
  • THE Singapore Exchange (SGX) continues to maintain a niche position in Southeast Asia’s initial public offer (IPO) market, with its traditional strength in real estate investment trusts (REITs) and mineral, oil and gas (MOG) listings,
  • DORMITORY operator Centurion Corporation is proposing to buy £77 million (S$164.5 million) worth of UK student accommodation assets in Manchester and Liverpool with a total of 1,906 beds. The properties comprise Manchester Student Village, Manchester Student Village South and The Grafton in Manchester, and Cathedral Campus in Liverpool,

STOCK RECOMMENDATION :

  • BUY HONGKONG LAND ABOVE 6.750 TG 6.810, 6.880, 6.980 SL 6.650

Fore more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

16Jul
sgx 16 july 2014

Financial Sgx Singapore Stock Market Trading Picks And News – 16 July 2014

MARKET UPDATES :

  • MORE businesses were started in Singapore in the second quarter of this year than in the first three months of 2014. The Singapore Business Formation Statistics Report counted 18,689 new businesses registered here in the second quarter.
  • Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDR) of Mapletree Industrial Trust (MIT, BBB+/Stable), Parkway Life Real Estate Investment Trust (PREIT, BBB/Stable), CDL Hospitality Trust (CDL, BBB-/Stable) and Far East Hospitality Trust (FEHT, BBB-/Stable). A full list of rating actions is at the end of this rating action commentary.
  • COMPANIES are paying their bills seven days faster than they were in the first quarter of 2014. According to Trade Payment Data released by the DP SME Commercial Credit Bureau, this is the first improvement for 18 months.
  • DEVELOPERS’ sale of private condos plunged 68 per cent from a month ago to 482 units in June, a quiet month where only 418 units were launched.

STOCK RECOMMENDATION :

  • BUY JARDINE STRATEGIC HOLDING ABOVE 35.700 TG 36.000, 36.300, 36.700 SL 35.400

Fore more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

15Jul
sgx 15 july 2014

Financial Sgx Singapore Stock Market Trading Picks And News – 15 July 2014

MARKET UPDATES :

  • HOTEL and serviced residence owner Frasers Hospitality Trust (FHT) made its debut on the Singapore Exchange mainboard at 90 Singapore cents a unit, up two cents, or 2.3 per cent, compared to its initial public offer (IPO) at 88 cents a unit.
  • Singapore tried its best to save an own goal on Monday by updating an anti-gambling ad that starred a despairing boy named Andy telling friends his dad had bet his life savings on Germany winning the World Cup.
  • RESALE prices of private condos slipped further last month to a one-and-a-half year low since December 2012, despite an increase in resale volumes in the same month.
  • Compared to May, prices fell 1.4 per cent, led by declines in across all regions in Singapore, data from SRX shows.

STOCK RECOMMENDATION :

  • BUY COMFORTDELGRO LTD ABOVE 2.540 TG 2.580, 2.620, 2.680 SL 2.480

Fore more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

14Jul
sgx 14 july 2014

Financial Sgx Singapore Stock Market Trading Picks And News – 14 July 2014

MARKET UPDATES :

  • CATALIST-listed JK Tech Holdings has announced on Friday plans to issue up to 150 million new shares at 40 Singapore cents each to raise net proceeds of S$59 million to fund its diversification into the oil and gas sector.
  • SOUND corporate governance and a clear business mandate have helped Temasek Holdings and government-linked companies (GLCs) in Singapore perform better than the market, said a report on Friday.The study, entitled “The State as a shareholder: The case of Singapore,” was done before Temasek released its results.On Tuesday, Temasek reported its portfolio rose to S$223 billion, from S$215 billion the year before. Its total shareholder return (TSR), in Singapore dollars, was 1.5 per cent on a one-year basis, mainly due to weakness in the Singapore and Chinamarkets.
  • EZRA Holdings registered a 16 per cent year-on-year rise in third quarter net profit, from US$7.2 million to US$8.3 million for the period ending May 31, 2014. The offshore and marine services firm on Friday said revenue for Q3 came in 27 per cent higher at US$402.1 million, as compared to US$317.1 million in the corresponding period a year earlier.

STOCK RECOMMENDATION :

  • BUY HONGKONG LAND ABOVE 6.850 TG 6.920, 6.990, 7.090 SL 6.750

Fore more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

11Jul
sgx 11 july 2014

Financial Sgx Singapore Stock Market Trading Picks And News – 11 July 2014

MARKET UPDATES :

  • FIRST Sponsor Group Ltd (FSGL) – a developer of residential and commercial properties in China – on Thursday offered 34.05 million shares at S$1.50 each for mainboard listing in its initial public offering (IPO) in Singapore.The invitation represents about 5.8 per cent of the group’s enlarged share capital.
  • [SINGAPORE] Oilfield service firm Ezra Holdings Ltd said it is injecting its offshore support services division, EMAS Marine, into its associated company EOC Ltd in a stock-and-cash deal worth US$520 million.
  • COME August, advertising agency McCann Singapore will have a new CEO; Robert Doswell, Asia Pacific’s regional managing director of Craft, will assume the role on the first of that month.
  • Mr Doswell will continue his current responsibilities with Craft, and will take over from Benjamin Lightfoot, who served as McCann Singapore CEO for three years.

STOCK RECOMMENDATION :

  • BUY HONGKONG LAND ABOVE 6.800 TG 6.870, 6.950, 7.050 SL 6.700

Fore more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

10Jul
sgx 10th july 2014

Financial Sgx Singapore Stock Market Trading Picks And News – 10 July 2014

MARKET UPDATES :

  • SOME 15 per cent of companies in Singapore are now using renminbi (RMB) to settle cross-border business, an increase from 11 per cent last year. According to a survey by HSBC, half of respondents from Singapore said they believe RMB usage brings financial benefits.
  • A strong Singapore dollar “should not be seen as too helpful” in curbing rising prices in Singapore, since various measures suggest that inflation pressures are more domestic in nature, said a Credit Agricole CIB report released on Wednesday
  • The Monetary Authority of Singapore (MAS) on Wednesday said it welcomed the move by China’s central bank to allow companies and individuals in Tianjin Eco-City to conduct cross-border yuan transactions with Singapore.
  • A centre to showcase Singapore food products opened on Wednesday at the Yiwu International Commodity Trade Mart – the world’s largest commodity wholesale market located in Zhejiang province, China.

STOCK RECOMMENDATION :

  • BUY SMRT CORPORATION ABOVE 1.590 TG 1.620, 1.650, 1.690 SL 1.540

Fore more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

9Jul
sgx 09 july 2014

Financial Sgx Singapore Stock Market Trading Picks And News – 09 July 2014

MARKET UPDATES :

  • China’s central bank will allow companies and individuals in Tianjin Eco-City to conduct cross- border yuan transactions with Singapore, following in the footsteps of the Suzhou Industrial Park where a trial scheme was approved last month.
  • In a move to solidify its franchise for non-resident Indian (NRI) clients, BNP Paribas Wealth Management has appointed Masroor Batin as its managing director and head of NRI based in Singapore, effective July 1, 2014.
  • Property and construction firm Yoma Strategic Holdings is entering the tyre business in Myanmar through a joint venture company with Mitsubishi Corporation.
  • THE Land Transport Authority has awarded two companies – Fonda Global Engineering and Yang Seng Engineering – its tender to replace street lights at about 500 roads island-wide with more energy efficient Light Emitting Diodes (LED) lighting.Fonda Engineering clinched the tender last month with a successful bid of S$8.56 million,

STOCK RECOMMENDATION :

  • BUY JARDINE CYCLE ABOVE 46.500 TG 46.800, 47.100, 47.500 SL 46.200

Fore more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

8Jul
sgx 08 july 2014

Financial Sgx Singapore Stock Market Trading Picks And News – 08 July 2014

MARKET UPDATES :

  • Moody’s Investors Service has assigned a Aa2 foreign currency debt rating to the proposed USD benchmark senior unsecured notes drawdown, issued by DBS Group Holdings Limited’s (DBSH,Aa2 stable) from its US15 billion Global medium-term note (GMTN) program.
  • THE Monetary Authority of Singapore (MAS) has placed EcoHouse Group – an overseas property development firm which specialises in the construction of investor- funded housing for Brazilian families – on its Investor Alert List (IAL).
  • SENTIMENT for Singapore’s office sector remains positive as capital values and rents continued to rise in the second quarter amidst a backdrop of limited supply and higher occupancy rates, said a DTZ report released on Monday.
  • Fitch Ratings has assigned Singapore-based DBS Group Holdings’ (DBSH) proposed US dollar-denominated senior unsecured notes an expected rating of ‘AA-(EXP)’. The notes will be issued under the joint USD15bn global medium term note (GMTN) programme that the entity shares with its fully-owned subsidiary, DBS Bank Ltd.

STOCK RECOMMENDATION :

BUY JARDINE CYCLE ABOVE 45.600 TG 45.900,46.200, 46.600 SL 45.300

Fore more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

7Jul
sgx 07 july 2014

Financial Sgx Singapore Stock Market Trading Picks And News – 07 July 2014

MARKET UPDATES :

  • IN its latest Singapore strategy report, Macquarie Research said it still sees opportunities in cyclical sectors that have lagged as well as in the domestic Land Transport sector, which is benefitting from major policy changes. Top picks are Noble, Keppel, UOB, GLP and ComfortDelgro and SMRT, with strong catalysts over the next 6-12 months according to the report entitled “Cures for the summertime blues”.
  • THREE of the 1,560 SingPass accounts that were compromised last month were used to make fraudulent work pass applications, the Ministry of Manpower (MOM) and Infocomm Development Authority of Singapore said on Friday.
  • M1 will supply and install digital television equipment for low-income houses under a programme to give them continued reception of free-to-air TV channels after Singapore switches over to digital broadcasting by 2020. This contract, part of the Digital TV Assistance Scheme for low-income households, was awarded by the Media Development Authority (MDA) following an open tender called from March 20 to April 22.

STOCK RECOMMENDATION :

  • BUY UNITED OVERSEAS BANK ABOVE 23.450 TG 23.750,24,000 SL 23,100

Fore more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

4Jul
sgx 4 july,14

Financial Sgx Singapore Stock Market Trading Picks And News – 04 July 2014

MARKET UPDATES :

  • MAPLETREE Investments’ first shopping mall in Vietnam has attained pre-leasing commitment for more than half its net lettable area (NLA), way ahead of its scheduled opening in the first half of next year OCBC Investment Research has initiated a buy call on Hotel Properties Ltd (HPL) and Wheelock Properties Ltd given their key assets in the West Orchard area. The research house has pegged the fair value for HPL at S$5.32 a share, a 35 per cent discount to its revalued net asset value (RNAV
  • THE Singapore Exchange (SGX) announced on Thursday that the volume of securities traded on the bourse has declined in June, while trading in derivatives and commodities continued to increase, with record volumes for SGX rubber futures and iron ore offerings
  • KEPPEL Corp’s US$735 million contract with Golar Hilli Corporation, a subsidiary of Golar LNG, to perform the world’s first-of-its-type conversion of an existing Moss LNG carrier into a floating liquefaction vessel, has become effective.

STOCK RECOMMENDATION :

  • BUY HONGKONG LAND ABOVE 6.660 TG 6.740, 6.820, 6.920 SL 6.560

Fore more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

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