SGX Stock Market

22Aug
22 aug 2014

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

MARKET UPDATES :

  • ST Engineering is the only company in Singapore to make it to Forbes’ list of “The World’s Most Innovative Companies”.The Singapore-listed defence-related group is ranked 87 out of 100 companies globally, and boasts of an Innovation Premium (IP) of 33.6 per cent.
  • EOC Ltd, an Oslo-listed offshore support services firm, has started premarketing a share offering of up to US$250 million for a secondary listing in Singapore, IFR reported on Thursday, citing banking sources.EOC is an associate company of Singapore-listed Ezra Holdings Ltd, which has planned to inject its offshore support services division into EOC.
  • Singapore’s core inflation rate in July probably rose to its highest in almost two years, a Reuters poll showed on Thursday, reflecting wage cost pressures from a tight labour market.
  • DEPARTMENT store operator Parkson Retail Asia reported a near 36 per cent drop in net profit year on year to S$3.17 million for the fourth quarter ended June 30.Revenue slid four per cent to S$99.18 million due to negative same store sales (SSS) growth in Malaysia and Vietnam, as well as the weaker Indonesian rupiah.

STOCK RECOMMENDATION :

  • BUY CITY DEVELOPMENT LTD ABOVE 10.170 TG 10.270, 10.390, 10.440 SL 10.050

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

21Aug
sgx 21 Aug 2014

Financial Sgx Singapore Stock Market Trading Picks And News –21st August 2014

MARKET UPDATES :

  • STARHUB has launched on Wednesday a new cloud marketplace, ‘SmartBusiness’, for small and medium sized businesses (SMBs) to buy software and services such as Microsoft Office 365 and McAfee Endpoint Protection.
  • OCBC Investment Research on Wednesday upgraded KS Energy to a “buy” and pegged the fair value at S$0.58 a share. “The firm is still finding its footing in terms of earnings, but given that KS Energy is now trading at 0.64x P/B (Price to Book), we are seeing value in the stock,” OCBC said in a research note.
  • XMH Holdings, a diesel engine provider for the marine and industrial sectors, on Wednesday said it has inked a memorandum of understanding (MOU) for an 80 per cent stake in Singapore’s Z-Power Automation for S$13.2 million.

STOCK RECOMMENDATION :

  • BUY COMFOTDELGRO LTD ABOVE 2.560 TG 2.600, 2.640, 2.700 SL 2.500

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

20Aug
sgx 20aug 2014

Financial Sgx Singapore Stock Market Trading Picks And News –20th August 2014

MARKET UPDATES :

  • DBS Bank has been named the best bank in the Asia-Pacific region, according to Global Finance magazine’s “World’s Best Banks 2014 Awards”. The annual listing includes the best bank worldwide for corporate, consumer and private banking, emerging markets, frontier markets, Islamic finance, asset management, global custody, investment banking, cash management, trade finance, foreign exchange, sub-custody and supply chain finance.
  • WHO says nobody shops at the Great Singapore Sale (GSS) anymore? According to MasterCard, the annual sale is still drawing shoppers. MasterCard cardholders, for instance, spent US$1.66 billion at this year’s GSS, an increase of 11.2 per cent from last year.
  • NOMURA Securities and Citi have upgraded their target price for OCBC Bank shares.On Tuesday, Nomura upgraded OCBC shares to a “buy” from “neutral” and has also revised up its target price to S$11.90 a share from S$11.50 previously.

STOCK RECOMMENDATION :

  • BUY CAPITALAND LTD ABOVE 3.380 TG 3.420, 3.470, 3.530 SL 3.320

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

19Aug
sgx 19 aug 2014

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

MARKET UPDATES :

  • OCBC on Monday unveiled its long-awaited rights issue, which would back its Wing Hang purchase. Looking at the broader market, there are also fears that the deepening conflict between Ukraine and Russia could dampen sentiment this week.OCBC on Monday announced a S$3.37 billion rights issue, which will go towards funding its acquisition of Hong Kong’s Wing Hang Bank.
  • UPSTREAM oil and gas company KrisEnergy said on Monday it would begin the marketing and sale of a new issuance of notes under its S$500 million medium term note (MTN) programme.The notes will be marketed and sold to institutional and sophisticated investors. The net proceeds from the sale will be used for planned capital
  • THE Monetary Authority of Singapore (MAS) is likely to maintain a modest and gradual appreciation bias of the Sing dollar at its October policy meeting, a BofA Merrill Lynch Global Research note said on Monday.

STOCK RECOMMENDATION :

  • BUY JARDINE STRATEGIC HOLDING ABOVE 36.650 TG 36.850, 37.150, 37.450 SL 36.350

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

18Aug
sgx 18 aug 2014

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

MARKET UPDATES :

  • UNITED Overseas Bank’s chairman, Hsieh Fu Hua, has been appointed the independent chairman of risk solutions group, ACR Capital Holdings.Mr Hsieh, who is also a director of GIC, replaces Thaddeus Beczak who has stepped down after leading the board since ACR’s founding in 2006
  • INDONESIA’S second-biggest agricultural company Japfa opened firmer as it made its debut on Singapore Exchange (SGX) on Friday morning, opening at 84 Singapore cents – up from its initial public offering (IPO) price of 80 Singapore cents – and climbing to 86.5 Singapore cents during morning trading.
  • Singapore sovereign wealth fund GIC said on Friday it has acquired an 18.5 per cent stake in Brazilian education services company Abril Educacao SA .GIC did not say how much it paid for the stake in Abril, a leading player in Brazil’s primary and secondary education market. Based on Abril’s latest closing share price, the stake is worth about US$265 million.

STOCK RECOMMENDATION :

  • BUY SINGAPORE TELECOMMUNICATION LIMITED ABOVE 3.920 TG 4.120,4.300 SL 3.780

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

14Aug
sgx 14 aug 2014

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

MARKET UPDATES :

  • YING Li International Real Estate swung into the black with a net profit of 13.98 million yuan (S$2.84 million) for the second quarter ended June 30, 2014, versus a loss of 17.19 million yuan in Q2 2013.Revenue surged 175.5 per cent year on year to 246.33 million yuan, boosted by revenue recognition from the handover of residential units in the Ying Li International Plaza project.
  • NET profit for palm oil producer First Resources dropped 30.8 per cent year on year to US$26.09 million in the second quarter ended June 30, 2014, as operating profit fell due to the lower selling prices of crude palm oil and its refined products.Revenue eased 6.3 per cent downwards to US$112.19 million on the back of lower average selling prices, which was partially offset by higher sales volumes from the refinery and processing segment.
  • PALM oil firm Bumitama Agri saw net profit surge 89.6 per cent year on year to 293.34 billion rupiah (S$31.34 million) for the second quarter ended June 30, bolstered by the higher selling price and sales volume of both crude palm oil and palm kernel.Revenue grew 48.7 per cent to 1.46 trillion rupiah due to the same factors.

STOCK RECOMMENDATION :

  • BUY JARDINE STRATEGIC HOLDING ABOVE 35.100 TG 35.300, 35.600, 36.000 SL 34.850

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

13Aug
sgx 13 aug 2014

Financial Sgx Singapore Stock Market Trading Picks And News –13th August 2014

MARKET UPDATES :

  • LED by International Enterprise (IE) Singapore and the Singaporean-German Chamber of Industry and Commerce, 10 Singapore technology SMEs (small and medium-sized enterprises) will showcase their products to prospective partners at the upcoming IFA 2014.
  • SBS Transit’s second quarter net profit rose 57.2 per cent to S$4.96 million, up from S$3.16 million a year ago. Revenue rose 12.3 per cent, from $209.34 million to S$235.13 million. Revenue from the bus segment was 10.3 per cent higher at S$186.3 million, compared with S$168.9 million previously, as a result of an increase in average daily ridership, average fares and other operating income.
  • THE Singapore economy grew 2.4 per cent in the second quarter of 2014; above the government’s July estimate of 2.1 per cent, but slower than Q1’s growth of 4.8 per cent. This was largely due to a sharp slowdown in the manufacturing sector, although expansion in the services and construction sectors moderated as well.
  • SINCAP Group has entered into a term sheet to acquire investment holding firm LTN Land for S$38.5 million.Sincap’s group chief executive Ng Hong Wheel owns an 18 per cent stake in LTN Land.

STOCK RECOMMENDATION :

  • BUY DBS GROUP ABOVE 18.100 TG 18.200,18.300,18450 SL 19.950

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

12Aug
sgx 12 aug 2014

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

MARKET UPDATES :

  • GLOBAL Logistic Properties Limited (GLP) said it will sell nine properties in Japan to associate GLP J-Reit for 53.8 billion yen (S$659 million).These properties comprise a total gross floor area of 237,000 square metres.GLP, the property and asset manager of J-Reit, said it plans to recycle the sales proceeds to retain its 15 per cent stake in J-Reit and in developments in China, Japan and Brazil.
  • FOOD and beverage (F&B) firm Super Group reported a 59 per cent slump in net profit to S$15.04 million for the second quarter ended June 30, 2014, compared to a year ago when there was a S$17.1 million boost from the sale of an associate.
  • GOLD mining company CNMC Goldmine Holdings reported a net profit of US$4.44 million for the second quarter ended June 30, 2014, up from US$26,180, bolstered by a record fine gold production volume. Revenue shot up by over 272 per cent year on year to US$8.27 million as the significant increase in the production and sales volume of fine gold in Q2FY14 offset the lower average realised gold price. Earnings per share jumped to 1.09 US cent, up from 0.01 US cent previously.

STOCK RECOMMENDATION :

  • BUY OLAM INTERNATIONAL ABOVE 2.500 TG 2.530, 2.600, 2.660 SL 2.460

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

11Aug
sgx 11 aug 2014

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

MARKET UPDATES :

  • Kalpa PROPERTY and hotel group UOL has posted net profit attributable to shareholders of S$211.72 million for the second quarter ended June 30 – a 51 per cent drop from the nearly S$431.40 million net earnings in the same period last year.
  • STATS ChipPAC on Friday narrowed its net loss for its second quarter, in the absence of a one-off item booked a year ago.Net loss for the three months ended June 29 stood at US$4.18 million, compared to a net loss of US$52.2 million a year ago.
  • [SINGAPORE] The earnings story is still largely at play this week:Offshore marine player Nam Cheong said its net profit for the second quarter ended June 30 surged 55 per cent to 63.3 million Malaysian ringgit on the back of strong vessel orders. Its revenue leapt 38 per cent to RM378.8 million. Year-to-date, Nam Cheong has achieved strong orders for 13 vessels worth about US$290 million.
  • LOYZ Energy said on Friday morning that it has entered into a subscription agreement with Oversea-Chinese Banking Corporation (OCBC) under which it will issue 22.22 million free and detachable warrants in two tranches to the bank.

STOCK RECOMMENDATION :

  • BUY UNITED OVERSEAS BANK ABOVE 22.800 TG 23.000,23.400 SL 22.500

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

8Aug
sgx 8 aug 14

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

MARKET UPDATES :

  • SINGAPORE] Commodity trader Noble Group Ltd said on Thursday its second-quarter net profit rose 5 per cent from a year earlier to US$65.8 million, pushing its first-half net profit to more than double on the year.Hong Kong-based Noble Group is one of the world’s largest commodity traders.
  • [SYDNEY] Singapore-listed Frasers Centrepoint Ltd will buy Australia’s Australand Property Group for A$2.6 billion (US$2.41 billion) after securing shareholder approval late on Thursday. In a statement to the Australian Securities Exchange, Frasers said Australand investors with 56.8 per cent of its shares supported the offer,
  • SHARES of OCBC Bank continued to rise in Thursday morning trading, crossing S$10 a share even as peers DBS Group and UOB continued their slide on profit-taking. At 10:54 am, OBC shares were up 6 cents to hit a 52- week high of S$10.16 each.DBS shares slid 21 cents to S$18.16 each, while UOB shares shed 3 cents to S$22.57.
  • SINGAPORE eDevelopment (formerly CCM) sank deeper into the red, reporting a net loss of S$5.7 million for the six months ended June 30 compared to a net loss of S$68,00

STOCK RECOMMENDATION :

  • BUY UNITED OVERSEAS BANK ABOVE 22.700 TG 22.800. 22.920. 23.100 SL 22.580

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

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