SGX Stock Market

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

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

19Sep
sgx 19 sep 14

Financial Sgx Singapore Stock Market Trading Picks And News – 19 September 2014

MARKET UPDATES :

  • SINGAPORE households earned an average of S$10,500 a month in 2012/2013, more than the S$8,110 they pulled in five years ago while their spending on goods and services also clicked higher to S$4,720 from S$3,810 over the same period.These findings were released by Singapore’s Department of Statistics’ report on household expenditure based on a survey conducted from October 2012 to September 2013.Average monthly household income from all sources rose 5.3 per cent a year in nominal terms between 2007/08 and 2012/13. Across all income groups, households saw their income grow; those in the lowest to middle income quintiles saw income increase by 6.1 to 6.6 per cent per annum and faster than the income growth of households in the top two quintiles.
  • FRASERS Centrepoint Ltd’s S$600 million debut perpetual issue, the largest perpetual deal this year has been snapped up, said DBS Bank on Thursday.The hot demand led to the NC-5 perpetual bonds being priced at 4.88 per cent, lower than the initial guidance of 5.00 per cenNC-5 means the bonds cannot be redeemed by the issuer until the fifth year, or Sept 24, 201 Orders were in excess of S$3.5 billion, said DBS.
  • SINGAPORE has become the only developed economy to make it onto the Milken Institute’s top 10 list of Asia’s Best- Performing Cities, coming in at eighth place.This index of 24 cities, the institute’s first, is based on economic measures such as the growth of jobs, incomes and high value-added industries such as manufacturing and financial services.”Singapore exhibits how to transition from a low-cost location to an open international economy based on human capital, research and innovation capacities,” the report said.Shenzhen took pole position in the index, followed by Guangzhou, Chengdu and Tianjin, which rounded out the top four. Delhi and Kuala Lumpur were fifth and sixth, respectively. Beijing came in seventh, while Ho Chi Minh City and Shanghai brought up the rear in their respective ninth and 10th spots.
  • THE average monthly household income in Singapore has gone up across the board, a new government survey has found. According to the latest Household Expenditure Survey (HES), the average monthly household income from all sources was S$10,500, up from S$8,110 in the previous survey five years ago. This is an increase of 5.3 per cent per annum in nominal terms and outpaced inflation, which averaged 3.1 per cent in 2013.This survey is done every five years by the Department of Statistics (DOS). For the latest report, field interviews were conducted with 8,575 Singaporean and permanent resident households from October 2012 to September 2013.
  • METAL Component Engineering (MCE) has signed a non-binding Memorandum of Understanding (MOU) with Hangzhou Honghua Digital Technology Stock Co Ltd (Atexco) to develop a new digital textile printer.The Catalist-listed company is hoping the MOU with Atexco, which designs and makes the Vega range of digital textile printers, as well as a range of carpet and graphic printers, will propel it to become a key player in the fast-changing digital textile printing industry.”This collaboration elevates MCE from a traditional precision engineering firm to a company capable of co-developing products and the assembly of highly complex electro-mechanical products,” Chua Kheng Choon, chairman and CEO of MCE, said.
  • Singapore eDevelopment (SeD) has raised S$40.6 million in net proceeds from a rights issue which drew a subscription of 94.85 per cent.Some 53 per cent or 7.8 billion rights shares and 6.2 billion of excess rights shares or 42 per cent were subscribed for under SeD’s 12-for-one rights issue and one bonus share for every rights share. The total of 14 billion rights shares represent 94.9 of total rights shares that were available for subscription.

STOCK RECOMMENDATION :

  • BUY JARDINE CYCLE ABOVE 43.600 TG 43.900, 44.200, 44.600 SL 43.300

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

17Sep
sgx 18 sep 2014

Financial Sgx Singapore Stock Market Trading Picks And News – 18 September 2014

MARKET UPDATES :

  • THE Singapore Exchange (SGX) is seeking public feedback on proposals to implement a 20 Singapore-cent minimum trading price hurdle for Mainboard companies, and to give the exchange and new independent committees greater disciplinary powers Companies on the Watch List because their shares are below the minimum share price can either consolidate their shares, move to the Catalist board or seek a reverse takeover. The Watch List for Mainboard -listed companies that report three straight years of losses and have market capitalisation of below S$40 million will remain, although SGX is tweaking some aspects of that to make it more consistent with the minimum share price rules.
  • DEAL-MAKING activity moderated in the third quarter in Singapore from the relentless pace seen in the first two quarters of the year .The Republic saw mergers and acquisitions (M&A) deals of US$7.7 billion in the third quarter, down from US$29.4 billion in the first quarter and US$24.7 billion in the second, latest data from Thomson Reuters revealed. the total value of deals involving Singaporean companies for the past nine months stood at US$61.7 billion, surpassing the total volume last year of US$41.8 million.
  • THE HSBC Trade Confidence Index (TCI) in Singapore decreased slightly from six months ago, dropping five points to 110.Still, it remained above the neutral mark of 100 – indicating further growth in trade flows over the next six months.HSBC said that looking ahead, growth within the export sector is likely to be uneven, as “a number of manufacturing sub-sectors are suffering from a loss of competitiveness”.
  • UNITED Overseas Bank (China) on Wednesday said it plans to maintain its double-digit growth – on an annual compounded basis – over the next five years .This comes as it plans to strengthen its cross-border financing offerings as regional businesses link up with China .Over the last 12 months, UOB has increased its branch network by 30 per cent to 16 branches and sub- branches, it said .This includes opening its Shanghai (Pilot) Free Trade Zone (FTZ) sub-branch in June 2014.
  • THE number of billionaires in Singapore rose 18 per cent to 32 individuals, but their wealth rose by a relatively modest amount .The latest Wealth-X and UBS Billionaire Census finds that Singapore billionaire’s wealth rose just 1.6 per cent to US$65 billion. This is partly due to their exposure to Asian equity markets which have underperformed, and Singapore’s real estate market which has been on a downtrend .The average net worth of a Singapore billionaire is US$2 billion, and the average age is 62.Globally, 155 new billionaires were minted this year, representing a 7 per cent rise in the billionaire population to 2,325 individuals. Their combined wealth rose 12 per cent to US$7.3 trillion.
  • TRIYARDS will be placing up to 29.5 million new shares at 70 Singapore cents each to raise S$19.96 million in net proceeds, the group announced on Wednesday .The company said that it intends to use up to 90 per cent of the proceeds to fund its business expansion, including but not limited to capital expenditure, expansion of markets in relation to the group’s existing business, its product range and acquisitions .The balance will be used for general corporate purposes and working capital .The company had decided at its AGM last December to allot and issue new shares of up to 20 per cent of the company’s issued share capital.
  • SINGAPORE shares rebounded on Wednesday following a firmer Wall Street and hopes that the US Federal Reserve will adhere to its dovish stance .The Fed, which will conclude a two-day policy meeting on Thursday (Singapore time), has held the rate close to zero for more than five years, and stocks have surged against that backdrop .Higher interest rates mean that companies and consumers have to pay more to borrow, leaving them with lower profits and less money to spend.

STOCK RECOMMENDATION :

  • BUY COMFORTDELGRO LTD ABOVE 2.460 TG 2.500, 2.550, 2.620 SL 2.400

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

16Sep
sgx 17 sep 14

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

MARKET UPDATES :

  • SINGAPORE shares ended 1.2 per cent lower on Tuesday.The Straits Times Index fell by 39.85 points to close at 3,272.62. Some 1.54 billion shares valued at S$1.27 billion changed hands. Losers beat gainers 396 to 87.
  • EZION Holdings secured yet another contract to provide a service rig to support a regional national oil company. The US$76 million contract is over a three-year period and comes with extension options. The rig expected to be deployed and working in the South-east Asian waters by end 2016. OCBC announced the buy back of 100,000 shares on Monday after market closed at the price of S$9.76, taking its total shares purchased to date by way of market acquisition to more than 8.6 million, forming 0.25 per cent of company’s issued shares, excluding treasury shares.
  • OCBC announced the buy back of 100,000 shares on Monday after market closed at the price of S$9.76, taking its total shares purchased to date by way of market acquisition to more than 8.6 million, forming 0.25 per cent of company’s issued shares, excluding treasury shares. The bank, which has been re-appointed as the Baby Bonus Bank – a role assumed since 2008 – said the protection plan will be more affordable and targeted at addressing the needs of new parents . MaxMaternity Care is a three-year policy that aims to protect the expectant mother against maternity complications from as early as the 13th week of pregnancy, and to continue protecting the newborn against congenital illnesses until the policy matures,” OCBC said.
  • THE Public Transport Tripartite Committee (PTTC) has outlined the guidelines on good employment practices that will be required of public bus operators as Singapore prepares for changes to its public bus transport system. This comes after the government announced earlier this year a planned shift to a bus contracting model where the government would own the buses and bus infrastructure, while routes will be contracted out for operators to run. Operators will be paid a fee for their service while the government will retain fare revenue.All bus routes will be progressively tendered out in packages, starting with three packages in 2014/2015, which could see new operators joining incumbents SMRT and SBS Transit.
  • INDUSTRIAL and Commercial Bank of China (ICBC) on Tuesday said its Singapore branch has issued a total of four billion yuan (S$821.4 million) of “Lion City” hybrid bonds, with two of the three tranches being dual listed on the Singapore Exchange (SGX) and the GreTai Securities Market (GTSM).This is the biggest Lion City bond issuance to date, breezing past the previous two billion yuan record ICBC had set in 2013. It is also the first time a Chinese bank has issued dual-listed tranches.The four billion yuan hybrid bond issue was priced in three tranches; one for two-year bonds to raise two billion yuan, a second for five-year bonds to raise 700 million yuan, and the final for seven-year bonds to raise 1.3 billion yuan.The bonds were priced with a coupon of 3.5 per cent, 3.7 per cent, and 3.95 per cent respectively.
  • BUREAU Veritas, a testing, inspection and certification agency, announced on Tuesday that it has acquired a 70 per cent stake in Singapore consultancy CKM Consultants Pte Ltd.The acquisition of the engineering and construction services firm will pave the way for the Euronext Paris-listed Bureau Veritas to take part in Singapore’s public-sector construction projects and to expand into private-sector projects in the longer term, it said. The partnership follows CKM Consultants’ clinching of a S$26 million contract to perform comprehensive “qualified-person supervision” – a supervisory service it has been accredited to perform – on four stations of the upcoming Thomson Line. The railway line is expected to open in phases from 2019. Bureau Veritas believes that the acquisition will enable it to inject its global practices into its Singapore partner, as well as bring CKM’s expertise to overseas markets, especially in South-east Asia.

STOCK RECOMMENDATION :

  • BUY CITY DEVELOPMENT LTD ABOVE 9.600 TG 9.680, 9.780, 9.900 SL 9.500

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

15Sep
sgx 16 sep 14

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

MARKET UPDATES :

  • Singapore’s Ministry of Manpower released detailed unemployment data for the second quarter of 2014 on Monday. The final second quarter jobless rate of 2.0 per cent was unchanged from the preliminary estimate released on July 31. Total employment rose by 27,700 in the second quarter of 2014, compared to a gain of 33,700 in the same quarter a year ago and a gain of 28,300 in the first quarter of 2014. This brought total employment to 3,549,900 in June 2014, up 3.8 percent from a year ago.
  • RETAIL sales rose 5.5 per cent year-on-year in July, lifted by sales of motor vehicles. But without motor vehicles, sales would have dipped 0.4 per cent. The total retail sales value for July was estimated at S$3.2 billion, up from S$3 billion in the corresponding month a year earlier, according to a release from the Department of Statistics on Monday During the month of July, sales of motor vehicles surged by as much as 41 per cent year-on-year. Sales of department stores (5.6 per cent) and supermarkets (5 per cent) were also higher. Meanwhile, categories which saw year-on-year falls include furniture and household equipment, which was down 6.5 per cent, as well as recreational goods, which was down 6.1 per cent.
  • SINGAPORE shares ended 0.99 per cent lower on Monday. The Straits Times Index fell by 33.08 points to close at 3,312.47 . Some 1.35 billion shares valued at S$909.2 million changed hands. Losers beat gainers 356 to 96.
  • The unemployment rate in Singapore remained low amid the tight labour market in the first half of 2014, said the Manpower Ministry (MOM) on Monday. The seasonally adjusted citizen unemployment rate was 2.9 per cent in June this year, while the resident long-term unemployment rate remained among the lowest globally at 0.6 per cent, said the ministry in a statement on the latest labour market developments. Foreign employment growth continued to slow in the first half of 2014. The 3,800 foreign workers added was the lowest since the 700 in the third quarter of 2009, contributing to lower year-on-year total employment growth of 3.8 per cent in June.
  • SINGAPORE’S National Environment Agency (NEA) . expects hotspots to persist and the 24-hour Pollutant Standards Index (PSI) here to fluctuate between the high-end of the “moderate” range and the low-end of the “unhealthy” range for the rest of the day. This can be expected given the continued dry weather in southern Sumatra. Singapore experienced elevated levels of PM2.5 from 10pm on Sunday to 7am on Monday, affecting mainly the western region which saw the 24-hour PSI enter the “unhealthy” range at 6am this morning. As at 9am on Monday, the reading stood at 105 in the western region and 78-84 elsewhere. (A PSI reading of between zero and 50 refers to good air quality, while a reading of between 51 and 100 means air quality is in the moderate range. Air quality with a PSI reading above 100 is considered unhealthy)
  • RISING costs, shortage of skilled workers and flagging customer demand are top concerns among Singapore businesses which are investing in their talent pool and information technology to overcome these hurdles, according to a recent survey The UOB Asian Enterprise Survey 2014 – on the impact of trade flows on Asian businesses’ regional expansion – noted that while Singapore firms are looking beyond the shores for growth, they are also tackling major challenges on To overcome the labour and skills shortfall, businesses are innovating with productivity-related investments which the survey said will capture about 50 per cent of their total investments. the home front. Some of the demographic challenges include a low birth rate and an ageing population. This translates to a smaller base of working-age citizens which has led many corporations to depend on overseas labour.
  • Asian markets retreated Monday, led by Hong Kong after data at the weekend showed Chinese industrial output expanded in August at its slowest rate since the global financial crisis. Wall Street provided a negative lead after another round of solid indicators fanned expectations the Federal Reserve will hike interest rates sooner than later. The pound edged lower as investors grow jittery about Thursday’s knife-edge Scottish independence referendum, which could see the country break away from the United Kingdom. Hong Kong slipped 0.76 per cent and Shanghai eased 0.18 per cent, Sydney lost 0.63 per cent and Seoul was 0.32 per cent lower.

STOCK RECOMMENDATION :

  • BUY JARDINE CYCLE ABOVE 43.350 TG 43.550, 43.800, 44.200 SL 43.10

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

15Sep
sgx 15 sep 2014

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

MARKET UPDATES :

  • POPULAR Holdings on Friday reported a 76.8 per cent increase in net profit to S$9.4 million for its first quarter ended July31, 2014. Its turnover rose 5.9 per cent to S$141.4 million, thanks to higher revenue from its retail, distribution, publishing and e- Learning divisions. Earnings per share improved 81.5 per cent to 1.18 Singapore cents, from 0.65 Singapore cents a year ago.
  • Pan Ocean said on Friday it would sell its near 85 per cent stake in Heungkuk Mutual Saving Bank for 2.2 billion won (S$2.7 million) to Investor United Inc. The company said this followed a breakdown in negotiations with Hankuk Steel Wire Co earlier this year to seal the disposal. The company has received written permission from the relevant Korean court on Friday, and the sale contract will be finalised upon due approval of Financial Service Commission of Korea. According to earlier press reports, the company was pursuing the business of ship financing, and did so by snapping up 84.4 per cent of Heungkuk Mutual for US$30.5 million in 2011.
  • FUJI Offset Plates Manufacturing Ltd on Friday said that it was unaware of any reasons, other than its announced disposal of a property, that explain the unusual price movements in its shares recently. The company was responding to a trading query from the Singapore Exchange on Friday. Fuji said that it had announced on Sept 2 the proposed disposal of a property located in Johor at the sale price of 35 million ringgit (S$13.8 million).
  • Asia and second in the world for intellectual property (IP) protection for the fourth straight time, the latest World Economic Forum’s (WEF) Global Competitiveness Report showed. In a press statement on Friday, the Intellectual Property Office of Singapore said that in the area of franchising and licensing, Singapore was estimated to have over 600 franchising systems with more than 40,000 franchisees in 2012, accounting for 18 per cent of total domestic retail sales volume.
  • Singapore’s sovereign fund GIC is joining PSP Investments and Ontario Teachers’ Pension Plan in together investing US$700 million in XPO Logistics Inc, the US company said, adding it plans to use proceeds for unspecified acquisitions In a statement released in the United States, XPO said the deal will be carried out through the sale of newly issued common stock and preferred stock to the investors, who will hold about 22 per cent of XPO after conversion. Greenwich, Connecticut-based XPO, a provider of freight transportation services, has a market value of US$1.8 billion.
  • DEL Monte Pacific swung into the red in its first quarter compared to a year ago on higher expenses, it said in a statement on Friday. It said that net loss for the three months ended July stood at US$21.9 million, compared with a net profit for US$4.15 million for the year-ago period. This was due mainly to higher expenses, including expenses linked to the acquisition of Del Monte Foods, Inc (DFMI). General and administration expenses jumped .
  • SINGAPORE Telecommunications Limited (SingTel) unveiled on Friday changes to its organisation structure, which will see Allen Lew, its CEO of Group Digital L!fe, appointed as CEO Consumer Australia and CEO Optus. Mr Lew will be based in Australia. Paul O’Sullivan will be appointed as Optus chairman.
  • VIVA Industrial Trust on Friday said that its trustee would acquire two industrial properties for S$112.8 million. It would buy Jackson Square, which comprises four blocks of light industrial buildings at 11 Lorong 3 Toa Payoh with a gross floor area (GFA) of approximately 418,586 sq ft, for S$80 million. It would also buy Jackson Design Hub, a five-storey modern light industrial building at 29 Tai Seng Street with a GFA of about 85,070 sq ft, for S$31.5 million. Following completion of the acquisitions, the real estate investment trust will increase its investment.

STOCK RECOMMENDATION :

  • BUY JARDINE CYCLE ABOVE 43.750 TG 44.000, 44.300, 44.700 SL 43.450

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

12Sep
sgx 12 sep 14

Financial Sgx Singapore Stock Market Trading Picks And News – 12 September 2014

MARKET UPDATES :

  • INDONESIA’S central bank held the benchmark interest rate at 7.50 per cent on Thursday despite sluggish growth, in a bid to take pressure off its current account. Southeast Asia’s top economy in the second quarter posted its slowest growth rate in five years with inflation easing to 3.99 per cent in August, well within the bank’s target range. Prices had spiked on fuel-price hikes last year. But Bank Indonesia has resisted slashing rates to boost growth to prioritise its current account, which hit a near-record deficit of US$9.1 billion, or 4.27 per cent of GDP, in the second quarter of this year.
  • South Korea on Thursday proposed a tax hike as early as next year that would nearly double cigarette prices as the government tries to reduce one of the world’s highest smoking rates among adult males. The proposal, which needs to be approved by parliament, sent shares in dominant tobacco maker, government-backed KT&G Corp , down more than 5 per cent. It was also immediately criticised by the main opposition party, highlighting the difficulty in implementing anti-smoking regulations in a country where the health risks associated with smoking are not widely publicised.
  • MALAYSIAN shares closed lower on Thursday with the Kuala Lumpur Composite Index slipping 4.74 points to 1,866.11. Some 2.042 billion lots, valued at RM1.91 billion were traded. Losers outnumbered gainers 430 to 412.
  • CHINA’S auto sales reached 1.72 million vehicles in August, a rise of just 4.0 per cent compared with the same month a year ago, an industry group said on Thursday. In July, sales had climbed 6.7 per cent year-on-year to 1.62 million vehicles, previous figures showed. For the first eight months of the year, the country’s auto sales rose 7.7 per cent to 15.02 million vehicles, the China Association of Automobile Manufacturers said in a statement.
  • A run of weaker-than-expected inflation in the euro zone represents a risk to the European Central Bank’s long-term inflation expectations, Executive Board member Peter Praet told an Italian newspaper on Thursday. The inflation outlook for the euro zone forms the cornerstone of ECB monetary policy, and its medium-term goal is for annual inflation of just below 2 per cent. Last week it said the mid-term outlook had worsened in August, when inflation fell to just 0.3 per cent. “There is a risk that worsening short- term expectations will influence long-term expectations, especially if inflation continues to undershoot,” Praet said in an interview with financial daily Il Sole 24 Ore.
  • Hong Kong’s securities regulator said on Thursday that it had commenced legal proceedings against CITIC Ltd and five former directors for alleged market misconduct relating to foreign exchange contracts in 2008. The Securities and Futures Commission (SFC) said it had begun proceedings in Hong Kong’s Court of First Instance and the Market Misconduct Tribunal, in a bid to compensate up to 4,500 investors who had lost money as a result of the alleged misconduct.
  • Asian shares were mixed Thursday following a pick-up on Wall Street while China released data showing inflation remained tepid, fuelling hopes the government will announce fresh stimulus measures. The dollar held on to most of the gains against the yen in New York, sitting at a six-year high, while the pound rallied on easing concerns about Scotland’s independence vote and hawkish comments from the Bank of England on interest rates. Tokyo added 0.47 per cent, Hong Kong dipped 0.13 per cent and Shanghai put on 0.33 per cent, while Sydney was off 0.10 per cent and Seoul shed 0.20 per cent on its first day of trade this week after a public holiday.

STOCK RECOMMENDATION :

  • BUY NEPTUNE OIL ABOVE 0.975 TG 1.000, 1.030, 1.070 SL 0.940

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

11Sep
sgx 11 sep 14

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

MARKET UPDATES :

  • EVENTS caterer Neo Group’s net profit for the six months ended July fell 9.1 per cent, from S$2.8 million to S$2.5 million.This was mainly due to the bottom line not capturing the full length of the Chinese New Year season in the period, as well as an increase in the sales team and advertising costs to drive business growth. Revenue climbed 21.2 per cent, from S$23.1 million to S$28 million, boosted by an increase in sales for the food catering business and food retail business.A tax-exempt interim dividend of 1.05 Singapore cent per share was proposed.
  • MAJOR companies in the Asean region remain firmly on their growth path, but they are increasingly using debt to finance a growing gap between cash inflows and investments, acquisitions and dividends. This, said Standard & Poor’s Rating Services, could pose a risk.”Asean companies are increasingly using debt to finance growth, and are likely to continue doing that over the next two years,” said Standard & Poor’s credit analyst Xavier Jean. The ratings agency estimates that internal cash flows and cash balances could fund only about half of almost US$300 billion that Asean’s largest companies spent on expansion and acquisitions between 2008 and the first quarter of 2014. At the same time, these companies issued about US$150 billion of additional debt to bridge the gap.
  • FORECASTERS are less optimistic about the Singapore economy than they were three months ago, according to the latest quarterly survey by Singapore’s central bank.The 22 private sector economists and analysts who responded to the Monetary Authority of Singapore’s (MAS) survey in August expect the republic’s gross domestic product (GDP) to expand 3.3 per cent in 2014 – lower than the 3.8 per cent median forecast in the June edition of the survey.The slip was due to softer growth expectations for all sectors within the Singapore economy, except for the finance & insurance segment, where growth projections have been kept intact.
  • Apple’s mobile wallet on the new iPhone 6, known as Apple Pay, will not be available in Singapore.”Apple Pay has been announced for the US only at this time,” said Fiona Martin, director of corporate communications at Apple in an emailed statement to the Business Times on Wednesday. “We have no further details as they relate to Singapore, however we will update you should any details be announced.”Apple Pay relies on a technology known as near field communication (NFC) to facilitate contactless payments.
  • SINGAPORE Technologies Engineering’s (ST Engineering) aerospace arm will establish an aircraft maintenance, repair, and overhaul (MRO) facility at the Pensacola International Airport, said the group on Wednesday. Under the agreement, the City of Pensacola, which is in Florida, will construct an aircraft hangar complex on 18.66 acres of greenfield land and lease it to VT Mobile Aerospace Engineering (VT MAE) for 30 years.

STOCK RECOMMENDATION :

  • BUY JARDINE CYCLE ABOVE 43.800 TG 44.100, 44.500 SL 43.550

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

9Sep
sgx 10 sep 14

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

MARKET UPDATES :

  • SWIBER Holdings has priced 450 million yuan (S$92.5 million) in principal amount of 7.75 per cent fixed rate notes due 2017, the group said on Monday night.Net proceeds raised will be used for financing the general working capital and capital expenditure requirements of the group.
  • DUTCH Bank ABN Amro on Monday announced the launch of an Asian corporate finance advisory business which will be based in Singapore. This team will originate as well as execute cross-border merger and acquisitions in Australia, Bangladesh, China, Hong Kong, India, Indonesia, Japan, Malaysia, South Korea and Japan. It will also provide equity capital markets capabilities in Singapore.
  • THE second quarter was “pretty muted” for Singapore telcos, with all of them reporting results that were were within expectations amid the still-intense competition in the fibre broadband market, OCBC Investment Research said in a Monday report. SingTel saw a 2 per cent year-on-year earnings drop while StarHub reported a 6 per cent decline; only M1 bucked the trend and saw a 12 per cent jump instead.
  • MORE small and medium-sized enterprises (SMEs) are facing rising business costs and seeing a drop in profit margins, an annual SME survey conducted by the Singapore Chinese Chamber of Commerce & Industry (SCCCI) found. Rising business costs, on the back of climbing employee salaries and rentals, is just one of the two key challenges that SMEs face. They also struggle with manpower shortage.

STOCK RECOMMENDATION :

  • BUY JARDINE STRATEGIC HOLDING ABOVE 37.650 TG 38.000, 38.300, 38.700 SL 37.300

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

8Sep
sgx 09 sep 14

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

MARKET UPDATES :

  • ONLINE gambling will soon be prohibited in Singapore, if the Remote Gambling Bill – tabled for the first time in Parliament on Monday – is passed Through a set of blocking measures – including website and payment blocking – the government will outlaw and criminalize all remote gambling activities, defined as gambling through means such as the Internet, telephone or other kinds of communications technology.
  • DUTCH Bank ABN Amro on Monday announced the launch of an Asian corporate finance advisory business which will be based in Singapore. This team will originate as well as execute cross-border merger and acquisitions in Australia, Bangladesh, China, Hong Kong, India, Indonesia, Japan, Malaysia, South Korea and Japan. It will also provide equity capital markets capabilities in Singapore.
  • RESALE prices of non-landed private homes rose a slight 0.4 per cent on flat sales volume in August, compared with July. August’s price gain was led by the city area and city fringes, which reported increases of 4.8 per cent and 1.5 per cent respectively.
  • STARHUB customers now have access to 4G data roaming services on 25 mobile networks across 21 countries – the largest number of roaming destinations so far, the telco said on Monday. STARHUB customers now have access to 4G data roaming services on 25 mobile networks across 21 countries – the largest number of roaming destinations so far, the telco said on Monday.

STOCK RECOMMENDATION :

  • Buy Jardine cycle above 44.550 TG 44.750, 45.050, 45.450 SL 44.250

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