SGX Stock Market

24Jul
sgx 24 july 2014

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

MARKET UPDATES :

  • PREMIUMS for certificates of entitlement or COE have risen across the board, with those for commercial vehicles jumping 20 per cent ahead of a big reduction from next month onwards. In the final bidding exercise for the May to July 2014 quota, passenger car premiums climbed slightly. Category A – for cars below 1,600cc and 130 hp – was S$900 higher at S$62,890, while Cat B – for cars above 1,600cc or 130 hp – inched up S$112 to S$65,001.
  • ALL three local banks, DBS Group Holdings United Overseas Bank and OCBC Bank are likely to increase their interim dividends, said Markit on Wednesday. The financial-services data firm said it was forecasting dividend per share of S$0.3 for DBS, representing 7.1 per cent growth over the year but flat from its 2013 year-end payout;
  • SINGAPORE, which has seen about S$9 billion worth of mergers and acquisitions (M&As) year to date, could see a further S$11 billion pending, Daiwa Capital Markets said on Wednesday. So far, the deals have been in diverse sectors including property, consumer and industrial – all priced at high premiums compared to the target companies’ prevailing valuations at the time.

STOCK RECOMMENDATION :

  • BUY DBS GROUP HOLDING ABOVE 17.930 TG 18.030, 18.150, 18.300 SL 17.810

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

23Jul
sgx 23 july 2014

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

MARKET UPDATES :

  • GROUNDHANDLER SATS reported a net profit of S$43.3 million for the first quarter ended June 30, down from S$46.2 million in the corresponding quarter a year ago.Excluding one-off items, underlying net profit was S$43.4 million, or 9.4 per cent lower.
  • SINGAPORE Exchange (SGX) announced on Tuesday that following approval from the Reserve Bank of India, its liaison office in Mumbai, India, has started operations.Neena Prasad has been appointed as its Chief Representative.
  • FLAT sellers will, with effect from Tuesday, be able to negotiate with buyers for a temporary extension of stay in their flats sold by up to three months. The Housing & Development Board (HDB) announced this change on Tuesday.Currently, flat buyers are required by law to immediately occupy their new homes.
  • WATER treatment specialist, Hyflux Limited, has sold S$175 million perpetual securities at 4.80 per cent, said Credit Suisse on Tuesday.The securities are callable after 2 years, which means the issuer can redeem them at year 2.

STOCK RECOMMENDATION :

  • BUY ORIENTAL CHIENESE BANKING CORPORATION ABOVE 9.600 TG 9.700, 9.800, 10.030 SL 9.470

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

22Jul
sgx 22 july 2014

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

MARKET UPDATES :

  • KEPPEL Infrastructure Trust’s net profit for the second quarter ended June fell 13.4 per cent to S$3.34 million from S$3.86 million a year ago For the six months ended June, profit dipped 3.1 per cent, from S$7.06 million to S$6.84 million.
  • The business trust, previously named K-Green Trust, posted a 2 per cent drop in revenue for Q2, from S$16.77 million to S$16.43 million. For the six months ended June, revenue dipped 1.6 per cent from S$33.77 million to S$33.21 million. Distribution per unit for H1 2014 was 3.13 Singapore cents, comparable with a year ago.
  • KEPPEL Reit has posted distribution per unit of 1.90 Singapore cents for the second quarter ended June 30, down 3.6 per cent from 1.97 Singapore cents in Q2 2013. Income available for distibution edged up 0.7 per cent to S$53.2 million in Q2 2014 from S$52.8 million in Q2 2013. Net property income rose 21.5 per cent to S$39.2 million in Q2 this year. Gross rent rose 13.7 per cent to S$45.9 million. Car park income increased to S$822,000 in Q2 2014 from S$352,000 in Q2 2013. Other income climbed to S$599,000 from S$424,000 prevoiusly.

STOCK RECOMMENDATION :

  • BUY JARDINE STRATEGIC HOLDING ABOVE 36.250 TG 36.450, 36.750, 37.150 SL 35.940

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

18Jul
sgx 18 july 2014

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

MARKET UPDATES :

  • GLOBAL Logistic Properties said on Thursday it has signed two new lease agreements totaling 23,000 square meters with “two leading third-party logistics providers” in China.No names and lease pricing were provided. GLP said the customers are strengthening their distribution capabilities in Central and Northern China.
  • STARHUB has been named as a founding partner and the official telecommunications partner of the new S$1.3-billion Singapore Sports Hub. The telco also announced on Thursday that it was the official broadcaster partner for the Women’s Tennis Association (WTA) Tour and the official telecommunications partner of the upcoming BNP Paribas WTA Finals Singapore tournament in October.
  • TEE International said on Thursday it has secured about S$57 million worth of engineering contracts in Singapore.These were secured through its subsidiaries, PBT Engineering Pte Ltd and Trans Equatorial Engineering Pte Ltd, and included a contract worth about S$42 million from Changi Airport Group.

STOCK RECOMMENDATION :

  • BUY JARDINE CYCLE ABOVE 46.000 TG 46.300, 46.600, 47.000 SL 45.700

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

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.

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