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12Jun

Singapore first talent incubator Antler announces partner of 55 founders

Tusk, Singapore first homegrown talent incubator and startup generator, on Tuesday declared it has chosen 55 originators for its debut program beginning July 2.

The 55 originators originate from 23 spoke to nations, including Singapore, India, Indonesia, Estonia, Rwanda, Italy, France and Kazakhstan, said Antler.

They involve item engineers, innovation tools and developers, and also business drivers, the greater part of whom have a normal of nine years’ industry involvement in their separate fields, Antler included.

Horn, which reported its dispatch in May, works by distinguishing a gathering of trying business visionaries, coordinating them with fellow benefactors, and helping them new businesses by giving financing and ability in item administration, legitimate issues and client approval. Toward the finish of Antler’s five-month program, the new companies will pitch their business to a select gathering of speculators to secure seed financing for assist development.

Other talent incubators in Singapore incorporate Platform E, an instructive and hatchery program situated in the Singapore Institute of Management; and Entrepreneur First, a London-headquartered organization supported by SGInnovate, the Singapore government-claimed firm that sustains profound tech new businesses.

10Aug

Wilmar International back operating at a profit with second quarter net benefit of US$60.2 milion

Agribusiness gather Wilmar International has come back to the dark in the second quarter finished June 30 with a net benefit of US$60.2 milion.

This denotes a noteworthy inversion from its net loss of US$220.1 million in a similar period a year prior – on account of higher non-working additions emerging from the gathering’s venture securities, Wilmar said in an announcement on Thursday (Aug 10).

Center net benefit was US$37.3 million, contrasted and a center net loss of US$220.3 million already. The change was driven by recuperation in the oilseeds and grains business from the irregular misfortunes in the second quarter a year ago, however in part counterbalanced by weaker exhibitions in the tropical oils and sugar organizations.

Income grew 13.2 for each penny to US$10.6 billion because of higher deals volume from the oilseeds and grains, and sugar organizations, and in addition more grounded item costs.

For the half year finished June 30, net benefit shyrocketed from US$19.3 million to US$421.8 million while income rose 15.2 for each penny to US$21.17 billion.

Wilmar has proposed an interval profit of three pennies for each offer, 20 for each penny higher than the 2.5 pennies already.Wilmar shares shut level at $3.42 on Thursday, before the outcomes were declared.

 

1Aug

Singapore stocks ready to go higher: Analysts

Singapore stocks may have clocked up gains of nearly 16 per cent this year, pumped up by positive impetuses, for example, superior to expected monetary development, yet examiners say the market still has more space to run.

Since the begin of the year, the benchmark Straits Times Index (STI), which is exchanging close to its most elevated amount in two years, has been outstanding amongst other performing markets in Asia.

The locale’s best gainers incorporate Hong Kong’s Hang Seng Index and India’s benchmark BSE Sensex, which have surged 23 and 22 for every penny, individually. By correlation, Japan’s Nikkei share normal and China’s Shanghai Composite Index scored up 5 for each penny each.

On Monday (Jul 31), neighborhood shares completed scarcely bring down in the wake of paring misfortunes in evening exchange. The STI ticked down 0.04 for every penny or 1.23 focuses to close at 3,329.52, drifting close to the two-year high of 3,354.71 set last Thursday.

SGX

Advancing, advertise investigators anticipate that the benchmark file will proceed with its uptrend and perhaps test the high of 3,539.95 focuses last found in April 2015.

“On the off chance that the liquidity condition keeps on being accommodative and corporate income keep on being upheld by a great worldwide recuperation, there’s a possibility for the STI to challenge that,” said CMC Markets expert Margaret Yang.

Domestically, Singapore’s economic growth has exceeded expectations over the past few quarters. A spate of sector-specific positive news and strong corporate earnings has also given the local heavyweight components a tailwind.
For one, the uptick in the key 3-month Sibor or Singapore interbank offered rate, as well as a recovery in global oil prices, have augured well for the local banking stocks, analysts said.
The local banks have also seen solid report cards, with both Oversea-Chinese Banking Corp (OCBC) and United Overseas Bank (UOB) reporting a rise in earnings in the second quarter. Singapore’s largest bank DBS will report its second-quarter results this Friday.

18Jul

Singapore stocks in 3-day rally; STI increases 0.3% to 3,298.24

SGX

SINGAPORE stocks picked up for the third straight session on Monday, with the Straits Times Index (STI) including 0.33 for every penny or 10.81 focuses to close at 3,298.24

Gainers dwarfed failures 261 to 181, or around three up for each two down, after 2.3 billion offers worth S$1.3 billion changed hands.

Worldwide Logistic Properties remained a dynamic counter after a privatization offer risen before the end of the week. It shut at S$3.31, beneath the offer cost of S$3.38 per share yet up 0.6 for every penny or two Singapore pennies on the day.

DBS Group Holdings rose 1.6 for each penny or 34 Singapore pennies to end at S$21.44, while OCBC Bank expanded by 0.4 for every penny or four Singapore pennies to complete at S$11.09.

12Jul

OCBC, Great Eastern say converses with offer UEL, WBL stakes in conclusive stages as Perennial, Yanlord call for exchanging end

Oversea-Chinese Banking Corporation Limited (OCBC) and Great Eastern Holdings are in the last phases of discourses with a shortlisted bidder in regards to their consolidated stakes in property amass United Engineers Ltd (UEL) and its auxiliary WBL Corp Ltd, the two organizations said mutually in a pre-advertise trade documenting on Wednesday (July 12).

Despite the fact that the bidder was not named, Perennial Real Estate Holdings, which said a month ago that it had presented an offer, asked for an exchanging stop on Wednesday morning.Yanlord Land Group likewise required an exchanging stop before the market opened on Wednesday, however declined to remark on theory that it might be included in the offered for UEL.

OCBC-Bank

Bloomberg in a cover Wednesday said a consortium, including Perennial and Yanlord, plans to report an assention when Thursday to purchase the UEL and WBL stakes. The consortium at that point intends to make an offer for whatever is left of UEL, said Bloomberg, citing unidentified sources.

It said the financial specialist bunch is advancing with the arrangement in the wake of acquiring elucidations from Singapore’s takeover gathering on the methodology for making a concurrent offered for the two organizations.

OCBC Bank, Great Eastern and the bank’s establishing Lee family, hold a consolidated 36 for every penny stake in UEL, which has a market top of S$1.8 billion. Under Singapore governs, the purchaser of their stake would need to make a required takeover offer for whatever remains of UEL.

8Jul

Temasek’s portfolio seen at record, driven by Singapore stocks, China banks

Singapore state financial specialist Temasek Holdings’ benefits likely bounced back a year ago and ascended by no less than 10 percent to a record, moved by picks up in offers of Chinese banks and local organizations.

One of the world’s greatest financial specialists, Temasek is reshaping its technique to concentrate on quickly developing rising areas, while likewise expanding its speculation groups. It is the greatest financial specialist in 33% of organizations in Singapore’s benchmark file.

Temasek Holdings

Temasek Holdings

However, its long-held interests in financials, for example, China Construction Bank, DBS Group and Standard Chartered, paid off a year ago as value markets bounced back.

“The most critical recorded value markets for Temasek grew a ton a year ago,” said Javier Capapé, executive at the Sovereign Wealth Lab investigate focus at the IE Business School in Madrid.

Temasek said it will share its execution one week from now for the year finished March 31, and offer perspectives about the standpoint.

Investigators assess its advantages rose to a record a year ago after it fell by a fifth a year prior to S$242 billion ($175 billion), its initially drop since 2009. Singapore and China speak to the biggest offer in its portfolio by fundamental introduction. Not at all like many state financial specialists, the greater part of Temasek’s ventures are in values.

And keeping in mind that MSCI’s Asia shares ex-Japan file rose 17 percent a year ago, DBS and StanChart took off 28 percent and 68 percent, separately.

15Jun

Singapore stocks complete lower after oil shortcoming, Trump news

THE nearby securities exchange disregarded Wednesday’s unequaled high for the Dow Jones Industrial Average, selecting rather to concentrate on a fall in the Dow prospects and a 1.2 for every penny misfortune for Hong Kong that came after a 3.5 for every penny drop in oil costs and news that US President Donald Trump is under scrutiny for conceivable block of equity.

Banks were the primary casualties in the 21.34 focuses misfortune at 3,232.09 managed by the Straits Times Index, a fall that happened in exchanging volume of 2.2 billion units worth S$1.1 billion – the most astounding so far this week. The wide market enlisted 148 ascents versus 302 falls, barring warrants. The FTSE ST Finance Index lost 0.8 for every penny at 906.68.

oil-industry

The Dow prospects exchanged the red for the duration of the day after the fundamental record had finished at another unequaled high on Wednesday. At 5pm, the agreement had dropped 75 focuses, directing obviously toward a frail Thursday opening for Wall Street. Europe opened in the red over all business sectors.

4Apr

Top Five Stocks To Keep You Eye On

download
The world economy is growing and so does Singapore market trend has also moved with a change.All the investors are advised to do proper analysis and reserach before investing. Following are the few stocks which may give the best return in comming future.

  • MM2 Asia Ltd
  • YONGMAO HOLDINGS LIMITED
  • OCBC
  • City Development
  • BEST WORLD INTERNATIONAL LTD
13Jul

IForex Market Trading Signals and News – 13 July 2016

INTERNATIONAL CURRENCY BUZZ :

  • Forex – Yen hit by Japan stimulus hopes, sterling up 1%
  • Forex – Aussie, kiwi climb vs. greenback in late trade
  • Forex – Aussie gains in Asia as NAB survey shows business pickup

EUR/USD
EUR/USD is currently trading with a bullish bias. As previously forecasted, the pair continues to trade within the consolidation zone 1.1167-1.1034. As long as the pair trades within this consolidation, we expect to trade reversals within the range. A breakout above 1.1167 will lead to a possible bullish price movements towards 1.1267 while a breakout below 1.1034 will culminate into a possible bearish price rally towards 1.0935. This pair should be traded alongside GBP/USD, GBP/CHF, and EUR/JPY. These pairs have a strong positive correlation of up to +0.92 and will have a similar price action during this intraday.

GBP/USD
GBP/USD is currently trading with a bullish bias. The cable continues to retrace to the upper side, we expect the current upward rally to be a mere retracement and should not go beyond 1.3491. Thus, during this intraday, we anticipate a possible bullish price rally towards 1.3224 or even higher to 1.3491. This pair should be traded alongside EUR/USD, GBP/CHF, GBP/JPY, EUR/JPY and AUD/JPY. These pairs have a strong positive correlation of up to +0.96 and will have a similar price action during this intraday.

RECOMMENDATION :

  • BUY GBP/USD ABOVE 1.3180 TGT 1.3200 1.3230 SL 1.3150
  • SELL GBP/USD BELOW 1.3170 TGT 1.3150 1.3120 SL 1.3200

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PTE LTD.

20Jul
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 20 July 2015

MARKET UPDATES :

  • The Straits Times Index (STI) ended 14.59 points or 0.44% higher to 3353.45, taking the year-to-date performance to – 0.35%.
  • The top active stocks today were DBS, which gained 0.85%, Singtel, which gained 0.70%, OCBC Bank, which gained 1.28%, UOB, which gained 0.30% and SGX, with a 2.08% advance.
  • The FTSE ST Mid Cap Index gained 0.40%, while the FTSE ST Small Cap Index rose 0.54%.
  • The outperforming sectors today were represented by the FTSE ST Health Care Index, which rose 2.69%. The two biggest stocks of the Index – Raffles Medical Group and Tianjin Zhongxin Pharmaceutical Group Corporation- ended 4.93% higher and 5.26% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 1.79%. Silverlake Axis shares declined 2.86% and STATS ChipPAC remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : IS MSCI India (+1.19%) , DBXT MSCI Asia Ex Japan ETF (unchanged) , SPDR Gold Shares (-0.86%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-1.22%) , CapitaLand Mall Trust (unchanged) , CapitaLand Commercial Trust (-0.33%)
  • The most active index warrants by value today were : CN14000MBeCW150929 (+6.25%), HSI26400MBeCW150828 (unchanged) , HSI25000MBePW150828 (-2.48%)
  • The most active stock warrants by value today were : SGX MB eCW160105 (+5.52%) , UOB MB eCW151001 (+4.21%) , OCBC Bk MBeCW151201 (+9.65%)

STOCK RECOMMENDATION :

  • BUY SMART CORP [S53] ABOVE 1.460 TARGET 1.500 1.560 1.650

For more information about SGX stock market please feel free to visit EPIC RESEARCH SINGAPORE.

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