SGX Stock Market

7May
SGX2

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

MARKET UPDATES

  • PERENNIAL China Retail Trust posted a distribution per unit of 95 Singapore cents for its first quarter ended March 31, 2014, unchanged from a year ago.Distributable income, too, held steady at S$10.9 million. The trust also reported net property income (NPI) of S$209,000 on the back of S$2 million in revenue, a reversal from losses of S$433,000 and no revenue generated in the corresponding quarter a year ago.
  • US-based supply chain firm Menlo Logistics opened its eighth facility in Singapore on Tuesday. Worth S$127 million and located at Mapletree Benoi Logistics Hub, the new warehousing and distribution centre will mainly serve the global wine and spirits industry.
  • SINGTEL has been fined a record-breaking S$6 million for the fire at its Bukit Panjang exchange facility in October last year, which disrupted services for homes and businesses across the island. The regulator, the Infocomm Development Authority of Singapore (IDA), found that the telco’s business continuity management policies did not have “specific contingency plans” for an outage of such a scale. IDA also noted other weaknesses in SingTel’s network and practices.

STOCK RECOMMENDATION:

  • BUY GENTING SINGAPORE LTD ABOVE 1.355 TG 1.385, 1.425, 1.470 SL 1.315

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6May
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Financial Sgx Singapore Stock Market Trading Picks And News – 06th May 2014

MARKET UPDATES

  • SEMBCORP Marine shares fell more than two per cent on Monday as the 3.1 per cent growth in its first quarter net profit to S$122.48 million fell below expectations.
  • SHELL has been appointed the sole provider of refuelling operations and fuel management at Seletar Airport for a ten- year period.
  • Seletar Airport, which is managed by Changi Airport Group (CAG), supports corporate flights, medical evacuation, international aircraft charters as well as flying schools.”Given Singapore’s strategic position, Seletar Airport is poised to play a pivotal role in the development of the regional business aviation sector,” said chairman of Shell (Singapore) Lee Tzu Yang at the launch ceremony on Monday. Shell also provides fuel to Singapore’s Changi Airport.
  • OCBC Investment Research on Monday initiated a buy call on Thai Beverage, pegging its target price at 73 cents a share.
  • The stock was trading at 58.5 cents a share on Monday,unchanged from Friday’s close. “We believe the counter is also attractive due to the diversification and liquidity provided to investor,” OCBC analyst Yap Kim Leng,
  • Loyz’s Thailand concessions are producing at a combined rate of around 3,000 barrels of oil per day (bopd) – a significant increase from the 1,200 bopd achieved in February,

STOCK RECOMMENDATION

  • BUY WILMAR INTERNATIONAL ABOVE 3.330 TG 3.380,3.440, 3.520 SL 3.250

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2May
forex-market-hours

Financial Sgx Singapore Stock Market Trading Picks And News – 02th May 2014

MARKET UPDATES

  • Singapore bank shares surged on Wednesday after two top lenders reported record profit for the first quarter, propping up the main index from 2-week lows. DBS Group Holdings Ltd shares jumped as much as 2.8% to S$17.31, their highest in more than 3 months, while OCBC Ltd shares gained 3.2 per cent to a 3-week high of S$9.77. The gains pushed the Singapore index up 0.77 per cent from the 2-week low it hit on Tuesday.
  • BUSINESS sentiment among Singapore’s manufacturers has improved, says the Economic Development Board’s (EDB) quarterly poll of more than 400 manufacturing companies conducted between March and April. This was thanks to a spike in optimism from the precision engineering cluster, as well as a turnaround in the electronics cluster’s sentiment.
  • CATHAY Pacific Airways will move to Singapore Changi Airport’s new Terminal 4 (T4) when it is ready in 2017. The Changi Airport Group said on Wednesday that the Hong Kong carrier will be the first airline to confirm its move to the new terminal. Tender for the construction of the S$985 million contract was given to Takenaka Corporation in December last year.

STOCK RECOMMENDATION

  • BUY SINGAPORE TELECOMMUNICATION ABOVE 3.830 TG 3.880, 3.930, 3.990 SL 3.760

 

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