SGX Stock Market

7Oct
sgx 8 oct 14

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

MARKET UPDATES :

  • THE government will still keep a close watch on the inflow of foreign workers – even as no further major measures are planned to tighten the foreign worker policy.”We need to continue monitoring closely, to ensure that we stay on track in avoiding over-dependence on foreign workers,” Prime Minister Lee Hsien Loong said on Wednesday morning at the launch of the Productivity Month. Repeating what he said last week at the National University of Singapore Society Lecture, Mr Lee said he did not expect further measures to squeeze the inflow of foreign workers.
  • SINGAPORE Telecommunications has teamed up with network security company FireEye to enhance cyber-security in the Asia-Pacific.Under the deal, the two parties will co-invest US$50 million over the next five years to build new Advanced Security Operation Centres (ASOCs) in Singapore and Australia. They will also work to build up cyber- security expertise, including training up to 150 professionals to operate the ASOCs.The partnership will establish the first SingTel Managed-Defence solution, powered by FireEye in the Asia-Pacific. The two companies will collaborate to raise awareness and knowledge of next-generation cyber threats through biannual Asia Pacific- focused threat advisory reports.
  • THE Causeway toll hikes could affect the profit margins of some Singapore-based SMEs, even though they are generally expected to have a limited impact on businesses here, Minister of State for Trade and Industry Teo Ser Luck said in parliament on Tuesday. Saying that the impact of the Causeway toll hikes on economic activity in Singapore was likely to be small, he explained that this was because land transport cost constituted a small proportion of total business costs of firms in Singapore – at only around 3 per cent for companies in the manufacturing sector and at 1 per cent for those in services.
  • DBS Bank has launched a new programme, DBS Business Class, for start-ups and SMEs who are looking for business advice and opportunities across Asia.Delivered through a mobile app, the programme allows entrepreneurs to consult and connect with industry experts, investors, and fellow entrepreneurs. Members can also access news and articles on topics pertinent to starting and running their businesses, and attend exclusive networking events .Lim Chu Chong, head of SME Banking, DBS Bank said: “We found that fast-growing SMEs need help connecting with investors and experts when they are scaling up their business. By building a mobile platform which allows SMEs to access business advice, insights and exclusive networking opportunities, we hope to help SME owners build social capital and sharpen their competitive edge.”
  • YONGNAM Engineering will sell a Malaysia plant in Nusajaya, Johor, to Axis Real Estate Investment Trust for RM153.5 million (S$60.1 million).Based on a valuation report issued by CCO & Associates on March 19 this year, the market value of the property is RM167.5 million. Upon the sale transaction, Yongnam Malaysia will remain the tenant of the property for a period of 15 years. This will follow the concurrent execution of the lease agreement entered between Yongnam Malaysia and the real estate investment trust, which is being held in escrow.
  • RATINGS agency Moody’s said on Monday that the gradual decline in Singapore’s private home price index for the third quarter is credit positive for Singapore banks as it relieves pressure on bank asset quality “Further price increases would have increased the risk of a real estate price bubble bursting,” Moody’s said in its credit outlook noted on Monday, commenting on the Urban Redevelopment Authority’s flash estimate released last week .

STOCK RECOMMENDATION :

  • BUY JARDINE CYCLE ABOVE 41.400 TG 41.900, 42.200, 42.600 SL 41.100

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

7Oct
sgx 07 oct 14

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

MARKET UPDATES :

  • YONGNAM Engineering will sell a Malaysia plant in Nusajaya, Johor, to Axis Real Estate Investment Trust for RM153.5 million (S$60.1 million).Based on a valuation report issued by CCO & Associates on March 19 this year, the market value of the property is RM167.5 million.Upon the sale transaction, Yongnam Malaysia will remain the tenant of the property for a period of 15 years. This will follow the concurrent execution of the lease agreement entered between Yongnam Malaysia and the real estate investment trust, which is being held in escrow.The two parties will endeavour to complete the sale transaction before Dec 31. The lease agreement becomes effective as of the completion date.
  • MORE than 1,200 e-applications have been received for Lake Life, a 546-unit executive condominium housing project near Jurong Lake.The e-applications were received from Saturday October 4 to Monday. E-applications will close on Oct 12. The current indicative average pricing is around S$880-890 psf. Firm pricing will be released on Nov 5.
  • DBS Bank has completed its purchase of the Asian private banking business of Societe Generale in Singapore and Hong Kong, as well as selected parts of its trust businessThe group noted that DBS Private Bank and Societe Generale Private Banking Asia (SGPB Asia) are highly complementary in terms of clients, geographical coverage as well as product and service offerings. The completion of the acquisition significantly increases the scale of DBS’ wealth management business and strengthens the bank’s position as a leading wealth manager in Asia, DBS said in a news release on Monday. With the successful acquisition of SGPB Asia’s business, DBS’ high net worth assets under management – those of high net worth individuals with more than S$1.5 million each in investible assets – now amount to S$88 billion. Assets under management for all wealth customers – including customers from DBS Treasures, DBS Treasures Private Client and DBS Private Bank – are now S$129 billion.
  • RATINGS agency Moody’s said on Monday that the gradual decline in Singapore’s private home price index for the third quarter is credit positive for Singapore banks as it relieves pressure on bank asset quality. “Further price increases would have increased the risk of a real estate price bubble bursting,” Moody’s said in its credit outlook noted on Monday, commenting on the Urban Redevelopment Authority’s flash estimate released last week “Despite a few isolated cases driving a small increase in problem home loans in second-quarter 2014, we expect the asset quality of housing loans to only deteriorate mildly but still remain robust this year and next owing to stable economic growth, low unemployment and a small increase in interest rates,” it added.

STOCK RECOMMENDATION :

  • BUY CITY DEVELOPMENT LTD ABOVE 9.470 TG 9.530, 9.600, 9.700 SL 9.390

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

1Oct
sgx 01 oct 14

Financial Sgx Singapore Stock Market Trading Picks And News – 01 October 2014

MARKET UPDATES :

  • JLL has launched an Expression of Interest (EOI) exercise for a portfolio of strata-titled shops on behalf of the HiapHoe Group as part of the group’s exercise to divest non-core assets while capitalising on the strong investor demand for retail space and income-generating assets. Hiap Hoe has identified a total of 39 shop units to be divested, the largest of which includes a a single portfolio of 33 strata units located at the basement of Parklane Shopping Mall at Selegie Road.
  • SINGAPORE’S mainboard-listed Tiong Seng Holdings has bagged a S$107.7 million job from national water agency PUB for the proposed construction of the second phase of the Stamford diversion canal. Work on the canal which stretches from Grange Road at the Orchard Boulevard junction to River Valley Road will start in November this year with a contract period of 40 months, said the construction group in an announcement to the Singapore Exchange. The proejct is not expected to have a material impact on the group’s net tangible assets and earnings per share for the current year ending December 2014.
  • OCBC said it now owns 20 per cent of China’s Bank of Ningbo – up from 15.34 per cent previously – after completing the subscription of 207.55 million new shares in the bank for 1.75 billion yuan (S$362.7 million) on Tuesday. As a result, Bank of Ningbo is now an associated company of OCBC. The placement price of 8.85 yuan per share that was earlier mentioned in January this year was adjusted to 8.45 yuan per share to account for the dividend that was paid during the year. The transaction was funded with the bank’s internal resources and satisfied in cash, said OCBC in an announcement to the Singapore Exchange. Bank of Ningbo is listed on the Shenzhen Stock Exchange with a market capitalisation of some 29.47 billion yuan as at Monday, after finishing the day at 10.22 per share. Its unaudited consolidated book value stood at some 29.22 billion yuan and net tangible asset value at 29.07 billion yuan as at end June 2014.
  • NOBLE Group has completed a deal with China’s Cofco Corp to form an agri-business joint venture Noble Agri. A consortium of investors consisting of Hopu Investment, Temasek, IFC and Standard Chartered Private Equity has also joined in as minority co-investors of Noble Agri. “The completion of this transaction marks a significant milestone in the continued development of our bulk commodity business,” said Noble’s chairman Richard Elman in a statement. In April, Noble Group first announced the deal to sell a 51-per-cent stake in Noble Agri to Cofco, China’s largest food processor, manufacturer and trader.
  • CITY Developments Limited (CDL), in its first foray into acquiring land for residential use in Japan, has joined hands with a US-based investment firm to buy a prime freehold site in Tokyo for 30.5 billion yen (S$355.5 million) from Seiko Holdings Corporation. The site is in the high-end residential Shirokane area in Tokyo’s Minato ward, where numerous foreign embassies and offices of multi-national corporations are based. A mansion that used to be the former home of Seiko founder Kintaro Hattori now sits on the site.
  • THE chief executive of traditional Chinese medicine retailer Eu Yan Sang has come out to say that the recent negative publicity in the US following an apparent case of lead-poisoning from its best-selling product has been unfair to the company. Richard Eu, speaking to reporters on Tuesday, addressed concerns arising from the alert raised by the US Food and Drug Administration (FDA) about a lead poisoning risk from its product called “Bo Ying Compound” following an incident in which an 18-month-old child who, fed the product, was poisoned.

STOCK RECOMMENDATION :

  • BUY COMFORTDELGRO LTD ABOVE 2.400 TG 2.450, 2.500, 2.570 SL 2.340

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

29Sep
sgx 30 sep 2014

Financial Sgx Singapore Stock Market Trading Picks And News – 30 September 2014

MARKET UPDATES :

  • THE Manpower Ministry (MOM) has accepted the recommendation from representatives of unions, employers and the government that the current re-employment age ceiling of 65 be raised to 67 gradually and through the use of incentives, given that the Singapore labour market remains tight.MOM said on Monday that the Tripartite Committee on Employability of Older Workers (Tricom) had also proposed that the government offer incentives to encourage companies to re-employ their older workers aged above 65 in the interim, even before the legislation kicks in.
  • SINGAPORE share prices ended lower on Monday with the Straits Times Index down 2.49 points to 3,289.72.Volume was 1 billion shares worth S$682.1 million.Losers outnumbered gainers 222 to 186.
  • DBS Bank said on Monday that it has suspended services at four of its Hong Kong branches in Admiralty, Causeway Bay and Mong Kok until further notice, amid ongoing unrest in the former British colony.The bank said in a statement: “Our DBS Hong Kong and DBS Vickers offices, as well as other DBS branches are operating as normal. Customers are urged to visit our other branches for banking services. We apologise for any inconvenience caused.”
  • OCBC said on Monday that its subsidiary, Wing Hang Bank, has temporarily suspended operations at its United Centre branch at Admiralty in Hong Kong after pro-democracy protesters occupied streets in the Special Administrative Region of the People’s Republic of China .Patrick Chew, head of Operational Risk Management at OCBC Bank, said the suspension was due to “traffic conditions in the area”.
  • JTC Corporation on Monday launched two “confirmed list” sites at Tuas South Street 9 (Plot 50) and Tampines North Drive 1 (Plot 1) for sale, along with one “reserve list” site at Tuas South Street 6 (Plot 46).Reserve list sites are launched for tender only upon successful application by a developer, while confirmed list sites are launched according to schedule, regardless of demand.The two confirmed list sites are zoned for business-2 development, or heavier and more pollutive industrial use.
  • UOB’s Hong Kong franchise remains open for business, the Singapore bank said on Monday after riot police pulled back from pro-democracy demonstrations that left more than 40 people injured and disrupted the former British colony.”We are monitoring the situation closely and are ready to implement our business continuity plans if needed,” a spokesman said.The spokesman added that the bank takes a long-term view of its business in Hong Kong, one of the world’s international financial centres.

STOCK RECOMMENDATION :

  • BUY HONGKONG LAND ABOVE 6.800 TG 6.880, 6.980, 7.100 SL 6.700

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

29Sep
sgx 29 sep 14

Financial Sgx Singapore Stock Market Trading Picks And News – 29 September 2014

MARKET UPDATES :

  • Singapore shares finished the day higher on Friday with the benchmark Straits Times Index up 1.22 points to close at 3,292.21 Volume was 1.19 billion shares worth S$763.1 million. Losers outnumbered gainers 252 to 150.
  • Singapore sovereign wealth fund GIC said on Thursday it had bought a stake in RAC Ltd, Britain’s second largest roadside recovery firm, from private equity fund Carlyle Group LP for an undisclosed amount. GIC did not specify the size of the stake it had bought, but said it and Carlyle will now jointly own a majority stake in RAC, with the company’s management holding the remaining stake. Carlyle Group bought RAC Ltd in 2011 for US$1.63 billion. A person familiar with the GIC transaction said RAC now had an enterprise value, including debt, of around 2 billion pounds(S$4,136,248,009). The stake sale to GIC now means Carlyle Group will hold off on an initial public offering for RAC Ltd for now, the statement added.
  • SINGAPORE’S industrial output grew at a slower pace than expected in August at 4.2 per cent, as expansions in the biomedical manufacturing and electronics sectors offset a contraction in transport engineering activity. Economists polled by Bloomberg before the Economic Development Board (EDB) released the data on Friday had been expecting industrial production to rise by 4.9 per cent Excluding the volatile biomedical sector – which grew 9.7 per cent last month – output would have risen by a smaller 3 per cent . The electronics cluster, which retains the largest weight of 33.4 per cent on the industrial production index, swung back from contraction mode in August. Electronics production increased 7.2 per cent, in part due to a low base last year when demand was weak for the computer peripherals segment.
  • THE Agency for Science Technology and Research (A*Star), Nanyang Technological University (NTU) and National Healthcare Group (NHG) on Friday inked a deal to collectively invest S$100 million in the Rehabilitation Research Institute of Singapore (RRIS) Speaking at the opening of the Singapore Health & Biomedical Congress 2014, Health Minister Gan Kim Yong said the institute aims to develop innovative technologies in the field of rehabilitation medicine, by leveraging the scientific, engineering and clinical expertise of its founding partners Some S$100 million will be channelled towards developing research capabilities, new technologies and strengthening the talent pipeline Key areas of study will include stroke and neurological rehabilitation, clinical robotics and biomechanics .
  • Asian shares got off to a rocky start on Friday after a sharp drop on Wall Street, which curbed enthusiasm for the dollar even after the US unit touched multi-year highs in the previous session. US stocks ended sharply lower, as Apple Inc broke under key technical levels after the tech giant withdrew an update to its new operating system. That pushed the S&P 500 to its biggest one-day decline since July. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.3 per cent in early trade, poised for a weekly loss over 2 per cent..
  • TEHO International on Thursday announced that it had entered into a non-binding letter of intent with Eric Cheng and three others to acquire a full stake in ECG Property Services for S$17 million.

STOCK RECOMMENDATION :

  • BUY HONGKONG LAND ABOVE 6.850 TG 6.920, 7.000, 7.100 SL 6.750

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

26Sep
sgx 26 sep 14

Financial Sgx Singapore Stock Market Trading Picks And News – 26 September 2014

MARKET UPDATES :

  • Singapore shares fell on Thursday with the benchmark Straits Times Index down 1.82 points to close at 3,290.99. Volume was 1.26 billion shares worth S$701.3 million. Losers outnumbered gainers 212 to 195.
  • SINGAPORE’S total population stood at 5.47 million in June 2014, up 1.3 per cent from June 2013, making it the slowest growth rate in the last decade.According to the 2014 Population in Brief publication issued by the National Population and Talent Division (NPTD) on Thursday, there are 3.34 million Singapore citizens as at end June 2014. This is up from the 3.31 million in the previous year. The permanent resident population slipped marginally to 527,700 from 531,200 previously. Resident population was at 3.87 million, up from 3.84 million. Non-residents comprising individuals holding work passes, dependants and international students made up 1.60 million, up from 1.55 million.
  • THE Central Provident Fund (CPF) Board said on Thursday it will be lowering the cost of investing under the CPF Investment Scheme (CPFIS) by reducing the limits on the total expense ratio (TER) for unit trusts and investment- linked insurance products by 0.2 per cent to 0.3 per cent. TER refers to the ongoing costs of operating a fund, expressed as a percentage of the fund’s average net asset value. The costs include investment management fees, trustee fees, as well as audit fees. The TER caps for lower risk funds such as money market products under the CPFIS, for example, will drop from 0.65 per cent to 0.35 per cent. Higher risk funds such as equities will go down from the current 1.95 per cent to 1.75 per cent.
  • THE 44 properties sold through auctions last year and this year, 80 per cent were successfully hammered upon their first appearance, JLL said on Thursday. These include the two largest auction transactions so far this year. One transaction comprised four strata office units in Orchard Shopping Centre, which fetched S$8.55 million in March; the other was a freehold residential development site in Brighton Crescent which sold for S$9.1 million on Wednesday at an auction conducted by Colliers International. JLL said nine properties have been sold at auctions so far this quarter for a total S$30.46 million. This compares with nine properties transacted for a total S$9.28 million in Q2 this year.
  • ZURICH Life Singapore has appointed Jamie McNish to the newly created position of chief sales officer effective Dec 15, 2014. Mr McNish will oversee all distribution related activities for the expatriate and local Financial Advisor channels as well as banks. He will report directly to Peter Huber, CEO of the company’s Life business in SingaporeSaid Mr Huber: “This further strengthening of Zurich’s distribution team is a clear demonstration of the progress we have made in deepening our leadership position in the market using our multi-distribution strategy. I am delighted to welcome Jamie to our growing team, and I am confident that his extensive experience in the insurance and wealth management space will greatly enhance our network and presence in Singapore
  • SINO Construction Limited intends to make an off-market takeover bid for Australian-listed Guildford Coal (GUF). The takeover bid will be made at a bid price of A$0.0613 (approximately S$0.069) per GUF share. The consideration will be satisfied via an allotment and issue of one new ordinary share in Sino Construction for every 4.5 GUF Shares. Based on the issued and paid-up share capital of GUF, up to 229,639,650 new shares may be issued as the consideration for the takeover bidThis takeover bid follows the group entering non-binding terms with GUF to acquire all of the latter’s portfolio of coal assets in Australia for a total consideration of US$25 million and a payment of ongoing royalty. The management of Sino Construction is now of the view that it is more advantageous to acquire all of GUF’s assets, including its coal producing assets in Mongolia, said Sino Construction on Thursday .
  • The family behind home-grown developer and construction firm Lee Kim Tah Holdings is taking the company private in a S$1.08 per share takeover offerThrough the investment vehicle Lee Kim Tah Investments founded by the late chairman Lee Kim Tah, the Lee family already owns 71.34 per cent of the group.

STOCK RECOMMENDATION :

  • BUY HONGKONG LAND ABOVE 7.000 TG 7.070, 7.160, 7.260 SL 6.900

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

24Sep
sgx 25 sep 14

Financial Sgx Singapore Stock Market Trading Picks And News – 25 September 2014

MARKET UPDATES :

  • Singapore shares dipped on Wednesday with the benchmark Straits Times Index down 5.28 points to close at 3,292.81. Volume was 1.28 billion shares worth S$860 million. Losers outnumbered gainers 223 to 175.
  • The Asia-Pacific Trade and Investment Report (APTIR) 2014 published by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), the developments in 2013 and so far in 2014, continue to show that the prolonged consequence of the global 2008 financial crisis is still posing risks to the trade prospects of Asia and the Pacific.
  • THE ANZ-Roy Morgan Singapore Consumer Confidence Index rose slightly in September from a month ago to 120.7 points, said ANZ Research on Wednesday. The slight increase in confidence over the month – up just 1.7 points – was driven by an improvement in the assessment of current and future financial situations, according to the index, which was launched early this month. This contrasts with a sharp 16.9-point dive.
  • CUSHMAN & Wakefield said on Wednesday that Singapore Grade A office rents are expected to rise to the highest since 2008 by the end of this year. This comes as average Grade A overall rents has already risen to their highest in three years to S$10.20 per square foot per month or 2 per cent higher than a quarter ago, and 9.9 per cent stronger than a year ago. Some new leases recorded during the quarter include advertising and marketing firm Publicis taking up 33,000 square feet (sq ft) of space at [email protected] At 6 Battery Road, insurance broker Willis has signed a lease for about 22,000 sq ft of space, while management consultancy firm Bain & Company took up an 18,000 sq ft unit in South Beach.
  • JUMBO Group plans to sell shares to raise about S$30 million in an IPO, said Bloomberg on Wednesday, citing sources. Jumbo intends to use some of the proceeds to expand in China, Bloomberg said. It cited a company spokeswoman saying that Jumbo does not discount such plans, but would not comment on “market speculations”.
  • British holidays and airline company Monarch is set to be acquired by Greybull Capital after the London- based family investment firm was named as its preferred bidderThe new owner would invest around £75 million (S$155.8 million) in the airline, a person familiar with the matter said, to help fund its plan to turn into a budget airline to better compete against Europe’s biggest low-cost carriers Ryanair and easyJet .
  • NEC Corporation said on Wednesday that it is partnering Singapore’s Economic Development Board (EDB) to grow the pool of specialists to counter cyber threats The multi-year agreement through EDB’s Strategic Attachment and Training (Strat) Programme aims to equip qualified cybersecurity professionals and graduates with skills in areas of malware analysis, incident response, intrusion detection, digital forensics and vulnerability assessment According to a Mckinsey and World Economic Forum report, delays in adopting cybersecurity capabilities could result in a loss of US$3 trillion in economic value by 2020 globally.
  • SINGAPORE mutual fund investors want a stream of income from their investments and have a stronger home bias than regional investors. These were the main takeaways from an online survey of 300 investors here, commissioned by Prudential’s Asia asset management arm Eastspring Investments. The desire forincome is more pronounced among those who are married with children and those who are planning to buy a mutual fund in the next six months. Asked how they would change their strategy if there is an interest rate hike, nearly a quarter said they would invest more in an income-generating fund. Eastspring’s survey was conducted in July. Out of the 300 Singapore investors surveyed, two-thirds were mutual fund investors and one-third comprised prospective investors.
  • Singapore offshore oilfield services company Ezra Holdings has agreed to defer for up to three years the majority of cash owed for assets bought by affiliate Emas Offshore Ltd. Ezra in July said it planned to sell its offshore support services division to Emas Offshore for US$520 million, made up of US$370 million worth

STOCK RECOMMENDATION :

  • BUY CITY DEVELOPMENT LTD ABOVE 9.700 TG 9.780, 9.880, 10.000 SL 9.600

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

24Sep
sgx 24 sep 14

Financial Sgx Singapore Stock Market Trading Picks And News – 24 September 2014

MARKET UPDATES :

  • SINGAPORE shares end 0.05 per cent higher on Tuesday. The Straits Times Index closed up 1.52 points at 3,298.09. Some 1.38 billion shares valued at S$931.9 million changed hands. Losers beat gainers 186 to 246.
  • CONSUMER price inflation eased more than expected to 0.9 per cent in August from 1.2 per cent in July, again because of lower private road transport costs. The median forecast of 20 economists polled by Bloomberg before the Department of Statistics released the data on Tuesday was for a 1.1 per cent year-on-year rise in the consumer price index (CPI) Private road transport costs fell by 2.9 per cent, largely due to lower certificate of entitlement (COE) premiums in the month before. This followed July’s drop of 1.6 per cent.
  • Singapore billionaire businessman Peter Lim, who once courted Liverpool, is set to take a 50 per cent stake in Salford City FC. Papers have been submitted to the Football Association to formalise the acquisition of the shares of the club owned by the five former Manchester United players known as the ‘Class of ‘92’. Gary and Phil Neville, Ryan Giggs, Paul Scholes and Nicky Butt will each retain a 10 per cent stake in the Evo-Stik Division One North clubLim has long been linked with owning an English club and in 2010 withdrew a bid to buy Liverpool.
  • The International Atomic Energy Agency’s (IAEA) Convention on the Physical Protection of Nuclear Material (CPPNM) and the instrument of acceptance to its 2005 AmendmentSingapore will become a party to the CPPNM 30 days after the instrument of accession is deposited with the IAEA, said the Ministry of the Environment and Water Resources (MEWR) in a statement. According to IAEA, the amended Convention makes it legally binding for states to protect nuclear facilities and material in peaceful domestic use, storage and transport. It also provides for expanded cooperation among states on rapid measures to locate and recover stolen or smuggled nuclear material, mitigate any radiological consequences of sabotage, and prevent and combat related offences.
  • SINGAPORE Airlines (SIA) and Air New Zealand’s strategic alliance will take off from Jan 6 next year, which will add capacity between the two countries as well as offer passengers codeshare connectivity to both carriers’ networks. Under the alliance, which was first announced at the beginning of this year, the two Star Alliance carriers will operate one return service daily between Singapore and Auckland, while SIA will operate a daily return service between Singapore and Christchurch. n addition, passengers will gain access to 40 destinations in Air NZ’s network via codeshare flights, while Air NZ will codeshare on 50 other destinations in SIA and SilkAir’s network.
  • CIMB Research has raised its recommendation and target price for Far East Hospitality Trust (FEHT), after the trust announced its joint venture with Far East Organization Centre to develop a new S$443.8 million hotel in Sentosa, Singapore. Given that FEHT’s contribution to the proposed JV will be fully funded via debt, we view it positively as no equity dilution is expected consequently,” said CIMB, which upgraded the stock to “hold” from “reduce”. It also upped the target price to S$0.83 from S$0.80. Shares of FEHT gained on Tuesday, trading at S$0.815, up half a cent.
  • A SURVEY commissioned by Principal Global Investors on Tuesday showed investors are becoming more cautious, and are looking to mitigate unrewarded risk. The survey showed retail investors are accepting lower yield, while high net worth individuals have shifted from a blanket focus on alpha – a common measure of performance that takes risk adjustments into account – to focus on risk mitigation, the survey said. The emphasis on real estate investment is particularly stark for the latter group: investor interest shot to 61 per cent this year, up from 37 per cent in 2012. Principal Global Investors is the institutional asset management arm of the Principal Financial Group. It managed US$328.2 billion of assets as at June 30, 2014.

STOCK RECOMMENDATION :

  • BUY DBS GROUP HOLDING ABOVE 18.390 TG 18.520, 18.650, 18.800 SL 18.250

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

22Sep
sgx 23 sep 14

Financial Sgx Singapore Stock Market Trading Picks And News – 23 September 2014

MARKET UPDATES :

  • THE Ministry of Finance (MOF), Monetary Authority of Singapore (MAS) and the Inland Revenue Authority of Singapore (IRAS) have proposed regulations to help financial institutions in Singapore comply with the US Foreign Account Tax Compliance Act (Fatca). The Fatca requires all financial institutions outside of the US to regularly submit information on financial accounts held by US persons to the US Internal Revenue Service (IRS), or face a 30 per cent withholding tax on certain gross payments received from the US. To ease the Fatca compliance of financial institutions here, Singapore has substantially concluded a Model 1 Intergovernmental Agreement (IGA) with the US, announced the three government agencies in a joint statement on Monday. Under the Model 1 IGA, Singapore- based financial institutions will report information on financial accounts held by US persons to IRAS, which will in turn provide the information to the US IRS.
  • Singapore shares ended lower on Monday with the benchmark Straits Times Index down 8.48 points to close at 3,296.57. Volume was 1.57 billion shares worth S$952.7 million. Losers outnumbered gainers 280 to 162.
  • Danish rookie Kevin Magnussen needed medical attention for burns to his backside following Sunday’s Singapore Grand Prix in which he finished 10th for McLaren. In hot and humid conditions under floodlights at the south east Asian street circuit, he was one of many drivers to suffer from fatigue and dehydration – and in his case a burnt backside.
  • Palm oil’s share of global vegetable oil consumption looks set to climb in the months ahead as the top two producers engage in a tit-for-tat export tax tussle designed to boost sales. Barely a month after number two producer Malaysia cut export tariffs, top palm oil maker Indonesia is preparing a similar move to boost sales of the tropical oil used for cooking and in products ranging from candies to cosmetics. It might seem that Malaysia would then lose the competitive advantage it gained with its tax cut, which has pushed up shipments this month. But traders and analysts say there’s room for both countries to benefit at the expense of Argentina’s soybean oil and Ukraine’s sunflower oil.
  • CITIMAC Industrial Complex, a stone’s throw from Tai Seng MRT Station, has been launched for collective sale with a price tag of at least S$550 million. This has been billed as the largest freehold Business 1-White redevelopment site in Singapore to be put up for sale. Cushman & Wakefield is handling the collective sale through a tender that will close on Oct 30. A price of S$550 million translates to about S$1,347 per square foot of potential gross floor area inclusive of development charges payable to the state.
  • LCD Global Investments on late Monday morning topped the SGX’s list of most actively-traded stocks, with as many as 312.9 million stocks changing hands as at 11.56am. LCD’s shares opened at 29 Singapore cents on Monday, up one Singapore cent from Friday’s close, and immediately spiked to a high of 30 Singapore cents within the first five minutes of trading. They were trading at 29 Singapore cents as at 11.56am, up 3.57 per cent. In June, Aspial Corporation chief executive Koh Wee Seng continued to buy shares in the company at prices above the 17 Singapore cents-per share buyout offer from Lum Chang’s Raymond and David Lum, which at that time fuelled further market talk of a counter-bid.
  • Singapore’s former prime minister Lee Kuan Yew has been presented the Global Citizen Award by US think-tank Atlantic Council for his achievements as one of “history’s longest-serving and most successful leaders”, said the council’s website. Mr Lee became prime minister of Singapore in 1959, became senior minister in 1990 and minister mentor in 2004. He stepped down in 2011 The think-tank said: “He is widely regarded as the founding father of modern Singapore, shepherding his country through a difficult independence and transforming it into one of the freest, most-robust economies in Asia.”.

STOCK RECOMMENDATION :

  • BUY JARDINE STRATEGIC HOLDING ABOVE 36.000 TG 36.250, 36.550, 36.950 SL 35.700

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

22Sep
sgx 22 sep 14

Financial Sgx Singapore Stock Market Trading Picks And News – 22 September 2014

MARKET UPDATES :

  • SINGAPORE Exchange (SGX) is adding new Asian foreign exchange (FX) futures contracts to augment its suite of FX offerings which will be available for trading from Oct 20. The new contracts – Chinese yuan (USD/CNH and USD/CNY), Japanese yen (USD/JPY)and Thai Baht (THB/USD) – are in line with the G-20 recommendation to encourage trading of derivatives on exchanges or electronic platforms, said SGX in a statement. FX, as an asset class, is highly complementary to SGX’s equities and commodities franchise. The enhanced FX suite widens the window for even more investors to tap on the growth opportunities across major Asian markets and manage their currency.
  • SINGAPORE shares end 0.24 per cent higher on Friday.The Straits Times Index closed up 7.76 points at 3,305.05. Some 1.75 billion shares valued at S$1.2 billion changed hands. Gainers beat losers 266 to 198.
  • Singapore will be counting on its marquee Formula One race to help make up for a 30 per cent drop in Chinese tourists this year The three-day event, including the night street race, clocks more than S$100 million (US$80 million) in tourism receipts and opens a window on the country for a global television audience. Tourist arrivals dropped nearly 3 per cent in the first half of this year – the first such decline since the casinos opened in 2010.
  • The British pound rose sharply after the Scottish independence vote indicated Scotland would remain in the United Kingdom, while Wall Street’s overnight gains and Alibaba Group’s red-hot initial public offering underpinned Asian shares. The cheer was expected to spread to European bourses, where financial spreadbetters predicted Britain’s FTSE 100 would open up by 78-79 points, or 1.2 per cent; Germany’s DAX was seen opening 70-72 points, or 0.7 per cent higher; and France’s CAC 40 was expected to rise by 13-14 points, or 0.3 per cent.
  • LOYZ Energy said it was served a writ of summons by Advance Capital Partners Pte Ltd claiming that the firm had failed to repay a S$4 million loan. Having sought legal advice on the alleged claim, Loyz Energy said it was “without merit” and intends to “vigorously defend” itself. The writ of summons is not expected to have any material impact on the oil and gas exploration firm’s financial position for the current financial year ending June 30, 2015. Its shares fell 0.6 Singapore cent or 3 per cent to 19.3 Singapore cents in early morning trade on Friday.

STOCK RECOMMENDATION :

  • BUY JARDINE STRATEGIC HOLDING ABOVE 36.300 TG 36.500, 36.800, 37.200 SL 36.050

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