21Jan

Singapore Stocks Update: Singapore shares open higher on Monday; STI up 0.3% to 3,233.51

Singapore Stocks Update:
SINGAPORE stocks opened higher on Monday, with the Straits Times Index progressing 9.17 focuses, or 0.3 percent to 3,233.51 as at 9.01am.

Gainers dwarfed failures 75 to 20, after about 73.5 million offers worth S$44.1 million changed hands.

The most effectively exchanged counter was JCG Investment, which was level at 0.3 Singapore penny, with 51.5 million offers exchanged.

Other dynamic stocks included Keppel Corp which increased 0.95 percent or six Singapore pennies to S$6.35, and Genting Singapore which rose 0.93 percent, or one Singapore penny to S$1.09.

Offers of Boustead Singapore, Boustead Projects up on $200 mil contract win

Offers of Boustead Singapore and Boustead Projects ascended on Monday morning.

This pursues Boustead Singapore’s Friday night declared that Boustead Projects, its 53% claimed backup, had prevailed upon an agreement worth $200 million to plan and assemble Surbana Jurong Campus.

As at 10.49am, Boustead Singapore shares are up 1.9% to 80.5 pennies with 419,000 units of exchanged while Boustead Projects shares are up 2.3% to 90 pennies with 36,000 units exchanged.

Situated at the 600ha Jurong Innovation District, Surbana Jurong Campus will be the coordinated propelled advancement and worldwide central station for the Surbana Jurong gathering.

The agreement is Boustead Projects’ biggest private part undertaking to date.

The honor of the most recent contract has raised the Boustead Group’s organization book build-up to around $860 million, which comprises of unrecognized venture income staying toward the finish of September 2018 or more the all out estimation of new requests anchored from that point forward.

17Jan

COMEX MARKET IN SINGAPORE| GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • The U.K.’s political and economic problems and a no-confidence vote on Prime Minister Theresa May after her failed Brexit deal vote are keeping alive gold bugs’ hopes of recapturing highs of above $1,300 per ounce, even as China’s attempts to steady its economy tamp down safe havens. Gold futures for February delivery on the Comex division of the New York Mercantile Exchange settled up $5.40, or 0.4%, at $1,293.80 per ounce after reaching a session high of $1,295. Bullion’s spot price rose by $4.21, or 0.3% to 1,293.59 by 1:32 PM ET (18:32 GMT), peaking at $1,295.03 for the day.
  • From her red-roofed home near Papua New Guinea’s capital of Port Moresby, Isabelle Dikana Iveiri overlooks a giant plant used by Exxon Mobil Corp (NYSE:XOM) to liquefy billions of dollars’ worth of natural gas before it is shipped to Asian buyers. Dikana Iveiri can also see swaths of muddy shoreline, where mangroves have been felled for firewood by locals who don’t have electricity, gas, or money to buy either.
  • Oil prices dipped on Thursday as U.S. crude production quickly approached an unprecedented 12 million barrels per day (bpd) just as worries about weakening demand emerge. U.S. West Texas Intermediate (WTI) crude futures (CLc1) were at $52 per barrel at 0140 GMT, down 31 cents, or 0.6 percent, from their last settlement. International Brent crude oil futures (LCOc1) were down 34 cents, or 0.6 percent, at $60.98 per barrel.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • Neel Kashkari, president of the Federal Reserve Bank of Minneapolis and a critic of the Fed’s recent round of interest rate hikes, on Wednesday said the U.S. central bank is as well positioned now as before the 2007-2009 financial crisis to fight a downturn. Kashkari made the comments in a public debate held by Intelligence Squared U.S. in New York City, in which he and Harvard University professor Jason Furman defended the notion that the financial system is safer than it was 10 years ago.
  • With the partial U.S. government shutdown now in its 26th day, House Speaker Nancy Pelosi on Wednesday urged President Donald Trump to reschedule his State of the Union address – a move that could deny him the opportunity to use the pageantry of the speech to attack Democrats in their own chamber over the impasse. With Trump’s address set for Jan. 29, Pelosi wrote him a letter citing security concerns because the Secret Service, which is required to provide security for the address, has not received funding during the dispute.
  • The uncertainty over whether the United Kingdom will leave the European Union is not a direct problem for Canada but will hit the global economy, Canadian Finance Minister Bill Morneau said on Wednesday. Morneau, speaking to reporters on the sidelines of a Cabinet retreat, sidestepped questions about whether Canada would seek to negotiate a free trade treaty with Britain if it left the 28-nation EU.

GOLD TRADING FORECAST TODAY

 

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17Jan

Singapore shares open higher on Thursday, STI up 0.12% to 3,233.09

SINGAPORE stocks opened higher on Thursday, with the Straits Times Index progressing 3.98 focuses, or 0.12 percent to 3,233.09 as at 9.05am.

Gainers dwarfed failures 67 to 32, after about 38.1 million offers worth S$80.3 million changed hands.

The most effectively exchanged stock was restorative arrangements supplier QT Vascular, which rose 0.1 Singapore penny to 0.8 Singapore penny with 4.2 million offers evolving hands.

Other dynamic stocks included Genting Singapore, which rose 0.93 percent, or one Singapore penny to S$1.09, and Singtel which exchanged level at S$3.06, with about 2.1 million offers exchanged.

Stocks to watch: Keppel-KBS US Reit, Sunrise Shares, First Reit,

Keppel-KBS US Reit: The land speculation trust reported on Thursday that it has finished the obtaining of Maitland Promenade I, an office property situated in the Maitland sub-market of Orlando, Florida, for US$48.5 million from The Realty Associates Fund X. Maitland Promenade I has a net lettable zone of 230,371 square feet, with a submitted inhabitance rate of 98.1 percent as at Oct 25, 2018. Its offers rose US$0.005 or 0.77 percent to close at US$0.655 on Wednesday.

Dawn Shares: The offer for the electrical items dealer and wholesaler has been made genuine, while the end date has been stretched out to Feb 7. In December, Hong Kong-based specialist Wong Siu Fai gained a 90 percent stake in Quality Able, which holds a 4.49 percent stake in Sunrise Shares, for S$122,400. Counting his direct and esteemed stake of 29.73 percent at the time, this pushed his absolute stake past the 30 percent edge, setting off the prerequisite for a general offer for whatever is left of the organization’s offers. He has made an offer of S$0.017 per share. Dawn shares last shut level at S$0.017 on Jan 7.

First Reit: The land speculation trust’s final quarter dispersion per unit (DPU) remained level at 2.15 Singapore pennies for the three months finished Dec 31, 2018, unaltered from a year back. This is payable on Feb 28, 2019. Net income went up 2.7 percent to S$29.3 million, upheld by commitments from new properties gained in FY2017 – Siloam Hospitals Buton and Lippo Plaza Buton and Siloam Hospitals Yogyakarta. This lifted net property pay up 1.9 percent to S$28.5 million. The distributable sum went up 1.4 percent to S$17 million. Its offers shut down one Singapore penny at S$1.03 on Wednesday.

15Jan

Singapore stocks: STI resumes Tuesday evening at 3,216.59, up 1.36% on day

SINGAPORE stocks ascended on Tuesday evening’s exchanging resumption, with the Straits Times Index progressing 1.36 percent or 43.13 indicates on the day 3,216.59 as at 1.02pm.

Gainers dwarfed washouts 220 to 107, or around two securities up for each one down, after 891.98 million securities worth S$580.36 million changed hands.

The most effectively exchanged stock was Ezion Holdings, which increased 0.2 Singapore penny or 4.17 percent to S$0.05 with 49.1 million offers exchanged.

Different actives included Genting Singapore and ThaiBev

Outline of the Day: Healthcare part reserved $39.7m of net inflows in H2 2018

 

The segment saw the most elevated net inflow in November with $10.5m.

This outline from the Singapore Exchange (SGX) demonstrates that the human services division which is ordinarily viewed as a guarded fragment saw six continuous long stretches of net inflows by foundations financial specialists, racking in a sum of $39.7m in H2 2018.

Quickened maturing rates, the ascent of ways of life ailments like diabetes and hypertension and developing expendable salaries were ascribed as the principle drivers for expanded human services spending.

The division saw the most elevated net inflow in November 2018 with $10.5m, trailed by September with $10.1m and July with $8.1m, as indicated by SGX information. August 2018 detailed the most minimal net inflow at $2.7m.

“The part has profited from rotational streams, following expanded hazard avoidance on the back of higher market unpredictability and constant US-China exchange strains,” SGX clarified.

15Jan

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • Gold’s flirt with $1,300 may have been a little too brief, but the yellow metal should be reunited with its desired price target soon as the rally in equities stalls and global macro and political risks rise to the fore, analysts say. Gold futures for February delivery on the Comex division of the New York Mercantile Exchange settled up $2.10, or 0.2%, at $1,289.50 a troy ounce.
  • The United States is not looking to grant more waivers for Iranian oil imports after the reimposition of U.S. sanctions, the U.S. special representative for Iran said on Saturday, underlining Washington’s push to choke off Tehran’s income. “We are not looking to grant any waivers or exemptions to the import of Iranian crude,” Brian Hook told a industry conference in the United Arab Emirates capital Abu Dhabi.
  • Sales of British malting barley to European Union brewers and malt producers for delivery after Brexit have come to a virtual stop because of uncertainty about future trading relations. The standstill in so-called forward export sales for delivery in coming months means UK farmers are not able to take advantage of current attractive prices and are losing business to other EU suppliers, traders said.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • Uncertainty over Brexit and the economy have led demand for Britain’s financial services to shrink for the first time in five years, with no immediate sign of an improvement, a survey by business group CBI and PwC showed. And profitability in the sector which raises most tax in Britain was flat for the third quarter in a row in the three months to December 2018, the survey released on Monday said.
  • A Republican senator close to President Donald Trump on Sunday backed a temporary re-opening of the federal government, in the 23rd day of the longest shutdown ever, to allow for talks on a spending agreement that could satisfy Trump’s border security demands. Democrats in Congress rejected Trump’s request that legislation to fund the government include $5.7 billion of taxpayer money for a wall on the U.S. border with Mexico. They have refused further negotiations until the government is reopened after being partially shut down since Dec. 22.
  • Italy’s Treasury Minister said on Sunday he did not see a recession on the horizon but acknowledged there could be a period of stagnation. The Italian economy has been slowing for the last year and gross domestic product declined by 0.1 percent in the third quarter, the weakest result since 2014. On Friday industrial output for November came in much weaker than expected, increasing the risk of recession for the euro zone’s third largest economy.

COMEX GOLD SIGNAL

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14Jan

CMIA Capital buys stake worth $2.9m in Singapore-based ICP

CMIA Capital Partners has picked up 14.76 per cent stake in Singapore-based hotel management company ICP in a share subscription deal worth $2.9 million (S$3.9 million). CMIA Capital Partners is a private equity firm focused on control and growth capital investments in China and Southeast Asia. According to local reports, the private equity firm acquired 460 million shares in ICP at $0.0063 (S$0.0085) apiece, at a discount of 3.41 per cent to the stock’s 0.88 per cent volume weighted average price on Jan 10. ICP said, it will use the proceeds for general corporate purposes.

CMIA has led over $1 billion in investments in companies including WatchBanQ, a luxury watch e-commerce platform; The Wine Advocate, a consumer guide for fine wines; Bitsmedia, the company MuslimPro, a mobile app for Muslims; Well Bright International, a Chinese meat processing business; and Shantong Yipintang, a Chinese healthy beverage business. CMIA has a presence in Hong Kong, Shanghai and Chongqing, and is regulated by both the Monetary Authority of Singapore (MAS) and China Securities Regulatory Commission (CSRC).

11Jan

COMEX MARKET IN SINGAPORE| GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • The spot price of palladium retained its record-making streak on Wednesday after investors linked the precious metal used for purifying auto emissions with an announcement by China that could boost car ownership in the world’s second-largest economy. Gold, meanwhile, continued to tread water just below $1,300 a troy ounce as precious metals bulls remained wary of chasing the yellow metal higher without a clear path lower for the dollar, which has remained resilient despite a dovish-sounding Fed of late.
  • Oil has turned into a bull market, from a bear market just two week ago, as priced jumped more than 5%. U.S. crude’s benchmark West Texas Intermediate grade jumped to more than $52 per barrel on Wednesday, gaining exactly $10 per barrel, or almost 24% above the 18-month lows of $42.36 hit on Christmas Eve. U.K. Brent hit 2019 highs above $62. New York-traded WTI settled up $2.58, or 5.2%, at $52.36 per barrel after a 2019 high at $52.58.
  • Gasoline shortages in Mexico sparked by a crackdown on fuel theft prompted warnings from business leaders that industries like car making will suffer if the shortfalls persist as lines at gas stations in the capital grew on Wednesday. The drive to eradicate a crime that has deprived state coffers of billions of dollars is President Andres Manuel Lopez Obrador’s first major move against chronic corruption since taking office on Dec. 1, but risks angering consumers and hurting the economy.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • Federal Reserve policymakers have indicated they may be open to tweaking a longstanding plan to shrink the central bank’s balance sheet, including by shedding housing-backed bonds earlier than anticipated or keeping a bigger-than expected portfolio of assets. Those were among a range of options discussed at the Fed’s December meeting, minutes released on Wednesday showed. The discussion will continue at future meetings, the minutes said.
  • Sterling is likely to gain more than 8 percent this year — assuming Britain and the European Union part ways amicably, according to a Reuters poll of foreign exchange strategists. The pound has largely been ignoring economic data, instead swinging wildly on any snippet of news about Britain’s departure from the EU in less than three months. While it has showed some strength to start the year, that is largely down to dollar weakness. Its performance against the euro (EURGBP=) has been more muted.
  • Bank of Japan Governor Haruhiko Kuroda said on Thursday the country’s economy was expected to continue expanding moderately. He also said Japan’s financial system remained stable. “Japan’s economy is expanding moderately” as rising household income underpins consumption, Kuroda said in a speech at a quarterly meeting of the central bank’s regional branch managers.

GOLD TRADING FORECAST TODAY

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10Jan

Singapore News: Singapore among 16 ‘Innovation Champion’ nations, says CES coordinator

Singapore News:
It was appraised profoundly for pointers, for example, broadband, human capital and assessment invitingness however was discounted for opportunity and transient rentals, the 2019 International Innovation Scorecard appears.

LAS VEGAS: Singapore was among 16 nations distinguished as an “Advancement Champion” by the coordinators of yearly customer gadgets public exhibition CES on Tuesday (Jan 8).

In the second release of its International Innovation Scorecard, the Consumer Technology Association (CTA) said 16 nations positioned in the best level, with Estonia, Switzerland and Finland accomplishing the most noteworthy composite scores, individually.

Singapore came in fifth, marginally behind the United States.

The rest are: Australia, Canada, Denmark, Germany, Israel, Luxembourg, the Netherlands, New Zealand, Norway, Sweden and the United Kingdom.

In the nation level profound jump report, CTA said Singapore scored very to be available to advancement and was simply the primary nation to test driving cabs. It included that the greater part of the workforce is profoundly gifted, while it brought its score up in the ride-sharing pointer in the wake of passing clear rules for ride-sharing administrators.

Broadband was another territory that positioned well, with CTA noticing its mean download speed of settled and portable Internet is “quick” at 60.4 Mbps.

The month to month cost of settled broadband is additionally extensively lower than nations like Australia and New Zealand: It is 0.5 percent of gross national salary (GNI) per capita, contrasted and 1.1 percent and 1.8 percent, individually.

The nation additionally beat the decent variety scorecard, with settlers making up 46 percent of the populace, the report appeared.

So, there are territories the nation can enhance in, the CTA report said.

“Singapore can enhance its dimensions of both individual and political opportunity. Additionally, it could lift its three-month limit for private rentals and straightforwardness strict fines forced on transient rental hosts,” it expressed.

The International Innovation Scorecard considers a scope of pointers to decide the last nation positioning, with the 2019 release adding 23 nations to the rundown including Malaysia, Vietnam and Indonesia.

9Jan

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • Continuous optimism over the U.S.-Sino trade talks are keeping gold bugs away from reattempting $1,300, while palladium hit record highs above those levels for a fourth-straight session on fund buying. Gold, a hedge for financial and political troubles, fell a touch on Tuesday after U.S. Commerce Secretary Wilbur Ross said there was a “very good chance” for Washington to resolve its months-long trade war with Beijing.
  • The United States and China will continue trade talks in Beijing for an unscheduled third day, U.S. officials said on Tuesday amid signs of progress on issues including purchases of U.S. farm and energy commodities and increased access to China’s markets. People familiar with the talks said the world’s two largest economies were further apart on Chinese structural reforms that the Trump administration is demanding in order to stop alleged theft and forced transfer of U.S. technology and on how to hold Beijing to its promises
  • Oil prices rose on Wednesday, extending gains from the previous session on hopes that Washington and Beijing can resolve a trade dispute that has triggered a global economic slowdown. U.S. West Texas Intermediate (WTI) crude oil futures (CLc1) were at $50.29 per barrel as at 0131, up 51 cents, or 1 percent from their last settlement. It was the first time this year that WTI has topped $50 a barrel.COMEX GOLD SIGNAL

ECONOMY NEWS

  • President Donald Trump will make his case to Americans on Tuesday that a wall is urgently needed to resolve what he calls a crisis at the U.S.-Mexico border, trying to win support in a dispute that has sparked an 18-day partial government shutdown. Trump’s prime-time address, scheduled for 9 p.m. (0200 GMT Wednesday) will be his latest attempt to persuade Congress to fund construction of a huge barrier along the 2,000-mile (3,200-km) border.
  • Trade talks between China and the United States will continue on Wednesday, a U.S. government official told reporters. U.S. and Chinese officials are conducting talks in Beijing, their first since U.S. President Donald Trump and Chinese President Xi Jinping agreed to a 90-day truce in a trade war that has roiled global financial markets.
  • Italy has set up a 1.3 billion euro ($1.5 billion) fund to cover potential costs of emergency measures approved on Monday to shore up ailing bank Carige (MI:CRGI). A decree that came into force on Tuesday authorized the Treasury to provide guarantees on up to 3 billion euros in new bonds to be issued by Banca Carige by the end of June. The cost of the guarantees can be of up to 300 million euros. Italy also set aside 1 billion euros to underwrite Carige shares by the end of September under the same ‘precautionary recapitalization’ scheme that it used two years ago to rescue the country’s third-largest lender, Monte dei Paschi di Siena (MI:BMPS).

COMEX GOLD SIGNAL

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7Jan

Singapore stocks: STI resumes Monday evening at 3,098.77, up 1.3% on day

SINGAPORE stocks pointed higher as exchanging continued Monday evening, with the Straits Times Index up 1.3 percent or 39.54 focuses to 3,098.77 as at 1.02pm.

About 863.3 million offers worth S$474.6 million altogether changed hands, as gainers dwarfed washouts 232 to 111.

Financials pointed up: DBS went up 1.63 percent to S$23.67, OCBC Bank progressed 1.79 percent to S$11.37, and United Overseas Bank increased 2.09 percent to S$24.89.

Stocks to watch: CapitaLand, Centurion, Procurri, DeClout, PCI

THE accompanying organizations saw new advancements that may influence exchanging of their offers on Monday:

CapitaLand: CapitaLand has entered a 50:50 joint dare to obtain a prime place of business in Shanghai, as a seed resource for an esteem include support which CapitaLand is setting up “to put resources into business land in key portal urban communities in Asia”. The joint endeavor with an irrelevant outsider will gain around 70 percent of Pufa Tower for 2.75 billion yuan (S$546.3 million), with the arrangement quickly adding to the gathering’s common pay.

Centurion Corporation: Centurion Corporation is welcoming noteholders to trade S$85m of 5.25 percent notes due 2020 for new S$85m of 5.5 percent notes due 2022. It will pay a 0.25 percent trade premium to noteholders who offer to trade their notes by the termination due date of 12pm on Jan 18.

Procurri Corp: Mainboard-recorded undertaking equipment provider Procurri Corp said early Monday the outsider who made an offer on Sept 7, 2018 to obtain the organization through a conceivable intentional general offer is as yet thinking about the conceivable arrangement. Procurri said that due industriousness checks are as yet being completed by the intrigued outsider and that the organization comprehends from the outsider that it is as yet thinking about the offer and the different roads of doing the conceivable exchange.

DeClout: Catalist-recorded innovation hatchery DeClout said on Sunday that there could be a general offer for offers of the organization by an autonomous outsider. The conceivable exchange is in cutting edge organizes however no authoritative understandings have been inked.

PCI: American private value firm Platinum Equity Advisors has offered to procure every one of the offers of mainboard-recorded PCI by method for a plan of game plan, and is putting forth S$1.33 in real money for each offer. The cost speaks to a premium of 60.1 percent over the volume-weighted normal cost of PCI shares for the year time frame up to and including Sept 17, 2018.

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