27Nov

Hot Singapore stock: Hi-P shares up 7.6% after news of significant investor thinking about a global trade war

Singapore Stock :
Offers in mainboard-recorded Hi-P International have progressed by 7.6 percent amid Tuesday’s evening session, with the agreement maker’s stock progressing S$0.08 to S$1.14 as at 2.49pm. It was additionally among the Singapore bourse’s 10 most effectively exchanged stocks by volume, with exactly 15 million offers exchanged.

The gain returns on the of news that a controlling investor of Hi-P is thinking about an arrangement, which could prompt a play for whatever remains of the stock. The organization had reported this early Tuesday in light of an exchanging question from the Singapore Exchange.

Hello P drew an exchanging question from the market controller on Monday as its stock shot up on overwhelming exchanging. The counter had flooded 30.9 percent to close at S$1.06 on Monday after 19.5 million offers changed hands – its most noteworthy volume in over five years, as indicated by KGI Securities’ Tuesday morning note.

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In a Nov 12 report, Maybank Kim Eng examiner Lai Gene Lih looked after his “hold” approach Hi-P and an objective cost of S$0.84.

He noticed the testing deals condition for Hi-P going ahead: “The Nikkei Asian Review as of late revealed that Hi-P’s cell phone client has dropped its creation support for the least expensive model among the current year’s dispatches, proposing market request is disappointing. In the interim, Hi-P’s keen speaker client is confronting piece of the pie misfortunes because of forceful strategies from contenders.”

Moreover, he composed that administration is “worried” about a feeble interest condition in assessed FY2019 due to the immediate and aberrant impacts of the exchange war.

In his report, Mr Lai said that right now, they don’t see “re-rating impetuses” yet an acceleration of the exchange war or intensifying interest viewpoint may represent a key drawback hazard to their evaluations.

Thus, DBS Group Research investigator Ling Lee Keng watched vulnerability in FY2019 conjectures in a write about Nov 8, as clients modify themselves for the “potential full effect of the exchange war”.

Howdy P is additionally extending its assembling impression outside China, incorporating into Thailand and Poland, and movement costs could influence edges, she composed.

Ms Ling minimized her “purchase” approach Hi-P to “hold” and brought down the objective cost to S$0.80.

27Nov

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • Commodity bull Goldman Sachs Group Inc (NYSE:GS). is undaunted by the sell-off in raw materials and is forecasting returns of about 17 percent in the coming months, describing the current situation as unsustainable and touting this week’s G-20 meeting in Buenos Aires as a potential turning point. “Given the size of dislocations in commodity pricing relative to fundamentals — with oil now having joined metals in pricing below cost support — we believe commodities offer an extremely attractive entry point for longs in oil, gold and base,” analysts including Jeffrey Currie said in a report.
  • Oil prices rebounded on Monday in Asia after slumping 8% last Friday amid concerns that excess supply and weakening demand pressures could create a glut next year. Crude Oil WTI Futures for January delivery rose 1% to $50.92 a barrel at 12:33 AM ET (05:33 GMT) on the New York Mercantile Exchange, while Brent Oil Futures for February delivery also climbed 1.3% to $59.82 per barrel on London’s Intercontinental Exchange.
  • Saudi Aramco will expand its market share in Asia despite likely OPEC limits on output next year, and is eyeing deals in China and Africa as it aims to become a global leader in chemicals, the head of the world’s top oil producer said on Monday. Amin Nasser, chief executive of the state oil giant, told Reuters that his company would abide by any OPEC agreement to cut crude production in 2019, less than two weeks before the exporter group meets to decide output policy.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • The Bank of Israel raised its benchmark interest rate to 0.25 percent on Monday, an unexpected move that brought nearly four years of record-low borrowing costs to a close. The bank, in a statement accompanying the rate decision, assessed that borrowing costs would rise in a “gradual and cautious” manner. The shekel gained as much as 0.8 percent against the dollar, extending its daily advance and recouping some of its loss since the last rate decision on Oct. 8.
  • A gradual slowdown in euro zone growth is normal and may be in part temporary, European Central Bank President Mario Draghi said on Monday, arguing that his assessment for inflation has not changed even if growth is weaker than earlier thought. “There is good reason to be confident that underlying inflation will gradually rise in the period ahead,” Draghi said. “Recent developments confirm the Governing Council’s earlier assessments of the medium-term inflation outlook.”
  • Global wage grew by 1.8 percent in 2017, down from 2.4 percent in 2016 and the slowest rate since the global financial crisis in 2008, the International Labour Organization said in its two-yearly Global Wage Report on Monday. “What is now widely recognized is that slow wage growth has become an obstacle to achieving sustainable economic growth,” ILO Director-General Guy Ryder wrote in the report.

COMEX GOLD SIGNAL

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26Nov

Singapore Stocks Watch: STI resumes Monday noon at 3,077.55, up 0.8%

Singapore Stocks Watch:
SINGAPORE stocks revived higher on Monday, with the Straits Times Index up 25.06 focuses, or 0.8 percent, to 3,077.55 as at 1pm.

Gainers dwarfed washouts 166 to 135, with around 947 million offers worth S$376.6 million altogether exchanged.

Vallianz was the most effectively exchanged with 32.4 million offers evolving hands, down 10 percent to S$0.009. Different actives included Nam Cheong and Rex International.

Among dynamic record stocks, Venture was the best gainer, up 4.89 percent to S$15.44.

Assembling yield bounce back with 4.3% development in October

Transport building drove the development as yield expanded by 30.8%.

Assembling yield in Singapore saw a development of 4.3% YoY in October after a 0.2% YoY constriction in September. The division’s yield crept up 2% on an occasionally balanced MoM premise, the Economic Development Board (EDB) uncovered.

As indicated by the declaration, transport designing saw the greatest yield development with a development rate of 30.8% YoY as the majority of its section moved toward an expansion in yield. The marine and seaward designing section’s yield soar 52.2% supported by the low base from October 17 matched with more elevated amount of work done in seaward undertakings.

In the interim, its aviation section saw a yield increment of 15.6% powered by more motor fix and support work from business carriers. EDB noticed that the vehicle designing group extended by 14% in October YTD contrasted with a year ago.

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For the biomedical manufacturign group, yield recorded a development rate of 11.5% YoY with the pharmaceuticals portion driving the extension through its development of 15.8% in the midst of higher generation of pharmaceutical and natural items. The therapeutic innovation portion was additionally helped by a development of 2.9% to take care of fare demand from the US.

EDB noticed that the bunch saw a 5.8% yield increment YTD in October contrasted with a similar period in 2017.

Yield in accuracy building extended 1.4% YoY driven by the 7.7% development in exactness modules and parts section because of higher generation in optical instruments. Then again, hardware and frameworks fragment fell 2.9% in the midst of lower creation of modern process control and semiconductor gear.

The group fixed a 7% development in yield YTD in October when contrasted with a similar period in 2017.

When all is said in done assembling, yield saw an expansion of 1.3% YoY. The incidental ventures fragment became 2.9%, by virtue of higher generation in basic metal items and batteries.

EDB noticed that the nourishment, refreshments and tobacco portion rose 2.1% sponsored by higher yield in baby drain and dairy items. In any case, the bunch’s development was directed by the printing section which declined 6.9%.

The bunch’s October YTD development was recorded at 0.6%.

In the mean time, the synthetic section’s yield contracted 1% YoY, hauled by the reduction in the oil and petrochemicals’ creation by 9.6% and 14.7%. In spite of this, different synthetic compounds portion’s yield extended 15.1% supported by higher yield in scents.

In the initial ten months of 2018, yield of the synthetic concoctions bunch expanded 5.6% contrasted with a similar period in 2017.

For gadgets, yield fell 2.7% YoY as larger part of its bunches gotten its yield with the exception of other electronic modules and segments and infocomms and purchaser hardware where yield became 5.1% and 1.7% separately. In total, the gadgets bunch’s yield expanded 8.9% from January to October in 2018 contrasted with a year prior.

22Nov

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

  • Gold prices rose on Wednesday on the back of further speculation that the Federal Reserve may take a less aggressive stance on policy tightening, while tension over trade issues between the U.S. and China continued to provide support for the precious metal. At 9:38 AM ET (14:38 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange gained $6.20, or 0.51%, to $1,227.40 a troy ounce.
  • U.S. President Donald Trump praised Saudi Arabia for helping to lower oil prices on Wednesday as pressure intensified to impose tougher sanctions on the Middle East ally following the murder of dissident Saudi journalist Jamal Khashoggi. In a tweet, Trump thanked Riyadh for the recent drop in oil prices and called for prices to go even lower, likening it to “a big tax cut” that could boost the U.S. and global economies.
  • Russian President Vladimir Putin may meet with Saudi Crown Prince Mohammad bin Salman at the Group of 20 summit next week, the Kremlin said. The talks will come just days before a crucial meeting of OPEC and its allies in Vienna, where Saudi Arabia will be trying to convince Russia to cooperate on curbing crude output next year following oil’s plunge back into a bear market.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • As Prime Minister Theresa May battled to save her draft Brexit deal in the face of resignations from her team and threats of a leadership coup, many believed one man could deal the fatal blow. But he didn’t. Michael Gove, her environment minister and the most prominent Brexit campaigner in the British cabinet, took two days to weigh up his options. During that time he declined May’s offer to be Brexit minister, because she refused to let him renegotiate the deal.
  • The Group of 20 industrialized nations is drafting a communique that will exclude an explicit pledge to fight protectionism, which could help avoid a repetition of friction between U.S. President Donald Trump and world leaders at last year’s summit, the Financial Times reported on Wednesday. The draft communique obtained by the FT calls for countries to keep markets open, preserve multilateral trade, and ensure a level playing field, the newspaper reported. The document could change before the 2018 summit begins in Buenos Aires on Nov. 30, it said.
  • Greece on Wednesday projected its economy would grow by 2.5 percent next year, as it submitted its first post-bailout budget to parliament promising to return a high surplus. Presenting its 2019 budget, vetted and approved by the European Commission, Athens said it would outperform on its primary surplus targets for the fifth year running, returning a surplus of 3.6 percent of economic output. The government also saw the country’s debt at 167.8 percent of GDP next year from 180.4 this year.

22nov5

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21Nov

The right time to enter in Singapore market after the sell-off ?

The STI was burdened by substantial misfortunes in financials, with UOB, DBS and OCBC shutting down around 2.5 percent each.

On the whole, 2.1 billion shares worth S$1.6 billion were exchanged Singapore on Thursday, with failures outpacing gainers at 429 to 72.

Speculators sold no matter how you look at it in the midst of a conjunction of variables, incorporating rising loan costs in the United States, a warmed Sino-US exchange fight and also IMF alerts about worldwide money related security and development risk.

The Straits Times Index (SGX: ^STI) shed 141, or 4.4%, to 3,069.2 a week ago. On Thursday (11 October) alone, the list tumbled 2.7%. What’s more, around 7% since the beginning of the year.

Quite a bit of that decay was caused by the underperformance of the three bank stocks that make up an extensive level of the file. Right now, DBS Group Holdings Ltd (SGX: D05) and Oversea-Chinese Banking Corp. Restricted (SGX: O39) are down 16.9% and 12.1% since the beginning of the year. In the interim, United Overseas Bank Ltd (SGX: U11) is down 9.7% from its crest for the year.

With such shortcoming in the stock exchange, neighborhood financial specialists may think about how modest it is at the present time. Knowing whether the share trading system is modest or costly could enable us to settle on better speculation choices.

There are two strategies to decide whether Singapore shares are shoddy at this point. The primary path is to contrast the market’s present cost with profit (PE) proportion to the market’s long haul normal PE proportion. The second methodology includes taking a gander at the quantity of net-net stocks in the stock exchange.

PE valuation strategy

Since it is hard to get the past every day PE proportions of the STI, the PE proportions of SPDR STI ETF (SGX: ES3) can be utilized as an intermediary. The SPDR STI ETF is a trade exchanged store (ETF) that tracks the essentials of the STI.

Starting at 12 October 2018, the SPDR STI ETF had a PE proportion of 10.7. Here are a portion of the other essential PE proportions that we require:

1) The long haul normal PE proportion: The STI’s normal PE proportion from 1973 to 2010 was 16.9;

2) An example of a high PE proportion for the STI: Back in 1973, the record’s PE proportion hit 35; and

3) A case of a low PE proportion for the STI: At the beginning of 2009, the file was esteemed at 6 times trailing profit.

In view of the information above, we can see that Singapore stocks are as of now less expensive than normal.

Net-net stocks technique

In this technique, we will take a gander at the quantity of net-net stocks accessible in the nearby securities exchange. To comprehend what a net-net stock is, you can make a beeline for the clarification here. In the event that there is countless net stocks than common in the stock exchange, it could imply that stocks are shabby right then and there.

Coming up next is a diagram that demonstrates the net-net stock check in Singapore since 2005:

Singapore Stock Watch

Source: S&P Global Market Intelligence

At the point when the Straits Times Index is at a pinnacle, (for example, in the second 50% of 2007), the net-net stock tally is low. The turn around is additionally valid: When the Straits Times Index is at a low (like in the main portion of 2009), the net-net stock tally is high. In the second 50% of 2007, the net-net stock include was beneath 50 while the main portion of 2009, the figure was at a pinnacle of just about 200.

Starting at 12 October 2018, there were 107 net-net stocks. This sits easily between the net-net stock tally’s pinnacle and-trough from 2005 till today.

Conclusion :

Singapore stock market has dependably been the most preferred showcase for investors.And after the worldwide selloff the valuation of the offer in singapore stock market have gone shabby, According the Epic Research, the Singapore market will see a decent upward pattern in upcoming months. To get more reports on the singapore stock market, download our digital book https://goo.gl/d9MKxe or Join our whatsapp  https://goo.gl/EQrazw

20Nov

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 prices slipped on Monday, while the dollar was subdued against its rivals after Federal Reserve officials cautioned on the global economy. Gold futures for December delivery on the Comex division of the New York Mercantile Exchange edged down 0.3% to $1,219.1 a troy ounce by 1:20 AM ET (06:20 GMT). The U.S. dollar index that tracks the greenback against a basket of other currencies edged up 0.08% to 96.4.
  • Oil steadied on Monday, having gained in the previous three sessions from the prospect that top exporter Saudi Arabia will push OPEC and maybe Russia to cut supply towards the year-end. Brent crude futures were down 6 cents at $66.70 a barrel by 1243 GMT, while U.S. futures were up 3 cents at $56.49. The Organization of the Petroleum Exporting Countries, led by Saudi Arabia, is pushing for the group and its partners to reduce output by 1 million to 1.4 million barrels per day to prevent a build-up of unused fuel.
  • A Southeast Asian nation that was a bit player in the biofuel market is suddenly buying and selling unprecedented supplies. The U.S.-China trade war may have something to do with it. Malaysia has emerged to displace the U.S. as the biggest supplier of ethanol to China in just two months. It’s also the first time the Southeast Asian country is selling such significant volumes to the world’s top consumer.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • India’s central bank concluded a critical day-long board meeting, said a source familiar with the situation. It wasn’t immediately clear whether it had come to any conclusions in a dispute with the government over easing liquidity for the financial sector and increasing credit to small businesses. The government has been pressing the RBI to reduce capital ratios for banks, which would speed up loans to small businesses in remote parts of the country, a crucial vote bank for Prime Minister Narendra Modi. There are five key state elections in the next few weeks and a general election due by May.
  • Macedonia should seize on the prospect of faster EU integration to push ahead with reforms that will enable stronger economic growth, the International Monetary Fund said on Monday. Skopje’s agreement with Athens to change the country’s name to the Republic of North Macedonia is set to unblock its NATO and EU membership bids.
  • A potentially huge shift is underway in the U.S. bond market, underscored by a historic swing in hedge fund positions: investors are beginning to think the U.S. economy is close to peaking and the Fed is near the end of its rate-raising cycle. Speculators on U.S. futures markets slashed their bearish bets on 10-year Treasuries last week by the largest amount since April 2017, and the third largest since the Commodity Futures Trading Commission began compiling data in 1995.

COMEX GOLD SIGNAL

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19Nov

Singapore Market Update :Singapore shares end down on Monday

Singapore Market Update :

SINGAPORE stocks finished lower on Monday, with the Straits Times Index losing 18.53 focuses, or 0.6 percent to 3,065.07.

Washouts dwarfed gainers 213 to 172, after about 1.01 billion offers worth S$703.3 million changed hands.

The most effectively exchanged counter was Rich Capital, which rose 28.6 percent, or 0.2 Singapore penny to 0.9 Singapore penny, with 55.9 million offers exchanged.

Other dynamic file stocks included OCBC which fell 0.6 percent, or seven Singapore pennies to S$11.09, and UOB which correspondingly lost 0.6 percent, or 15 Singapore pennies to end the session at S$24.25.

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Singapore Q3 GDP development seen losing energy, exchange war darken viewpoint: survey

Singapore is relied upon to report slower second from last quarter financial development than at first idea, a Reuters survey appeared, as the assembling segment faces strains from weaker worldwide interest and a strengthening exchange question between the United States and China.

The administration’s concluded total national output (GDP) was gauge to rise 4.2 percent in July-September from the quarter prior on a regularly balanced and annualized premise, the survey of 11 financial specialists appeared, underneath the 4.7 percent rise found in the propelled gauge yet at the same time a lot more grounded that the 1.2 percent development checked in the second quarter.

“Last second from last quarter (GDP) is required to be changed downwards, given the slower than anticipated assembling numbers and month to month markers for the administrations segments, for example, bank credits and property deals indicating weaker numbers,” said Maybank Kim Eng Securities financial expert Lee Ju Ye.

On a year-on-year premise, second from last quarter GDP development was conjecture at 2.4 percent, marginally beneath the 2.6 percent propelled gauges and lower than the second quarter’s 4.1 percent rise. It likewise denoted the third progressive quarter of milder yearly development.

While the city-state’s economy developed emphatically in 2018 and kept on motoring at a sensible pace through the principal half of the year, stresses have begun to rise lately.

Singapore’s national bank has cautioned that a warmed exchange war between the United States and China – one of the city state’s significant exchange accomplice – could hurt the residential economy.

Fare development to China has hindered for five months in succession, raising stresses over the viewpoint as the Sino-U.S. exchange strains hinted at no lessening.

“We see all the more abating all through 2019,” Steve Cochrane, Moody’s central Asia-Pacific financial analyst stated, including that the softening reflects cooling worldwide development.

The Ministry of Trade and Industry had estimate entire year development of 2.5 to 3.5 percent in 2018. Assembling and fares of gadgets were one of Singapore’s principle drivers of development a year ago, which saw GDP develop at its quickest pace in three years.

Be that as it may, year-on-year fares of hardware has been getting this year while plant creation out of the blue declined in September.

“There’s been a move in the example of fares this year. It used to be centered around gadgets yet now it has moved to the non-hardware area like pharmaceuticals,” Cochrane said.

16Nov

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 global grain market needs more U.S. wheat to make up for tightening supply in other major exporting zones, but China will be able to keep shunning U.S. soybeans in its trade tussle with Washington, grain merchants said on Wednesday. U.S. soybean shipments to China have dried up in recent months after Beijing raised tariffs on the most valuable U.S. agricultural export to the country.
  • When U.S. President Donald Trump asked Saudi Arabia this summer to raise oil production to compensate for lower crude exports from Iran, Riyadh swiftly told Washington it would do so. But Saudi Arabia did not receive advance warning when Trump made a U-turn by offering generous waivers that are keeping more Iranian crude in the market instead of driving exports from Riyadh’s arch-rival down to zero, OPEC and industry sources say.
  • Gold prices inched up while the dollar slipped on Thursday following reports that China delivered a written response to U.S. trade demand, and that the two nations resumed talks earlier this week to diffuse their trade disputes. Gold futures for December delivery on the Comex division of the New York Mercantile Exchange inched up 0.1% at $1,211.8 a troy ounce by 1:00 AM ET (06:00 GMT).

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • Israel’s cabinet plans to vote on Sunday on the nomination of Amir Yaron for Bank of Israel governor, the prime minister’s office said on Thursday. Israeli-born Yaron, 54, a professor at the Wharton School of the University of Pennsylvania and who has lived in the United States for two decades, was chosen by Prime Minister Benjamin Netanyahu last month. He would succeed Karnit Flug, whose five-year term concluded earlier this week. Deputy governor Nadine Baudot-Trajtenberg has assumed duties as acting governor.
  • Hungary’s central bank (NBH) is expected to hold interest rates at record lows on Tuesday, but there is a chance it could send a signal about future tightening against a backdrop of robust economic growth and rising inflation. All 15 analysts in a Reuters poll taken from Nov. 8-15 said the bank would keep both its 0.9 percent base rate and its -0.15 percent overnight deposit rate unchanged. The base rate has stood there since May 2016 and the deposit rate since September 2017.
  • Central banks are unlikely to issue digital currencies within the next decade, even in places where the use of cash is declining rapidly, European Central Bank board member Benoit Coeure said on Thursday. “There is broad agreement that a (central bank digital currency), in whatever form, is unlikely to be issued within the next decade, even among those four central banks that have indicated that they have reached the stage of developing a pilot project,” Coeure told a conference in Basel.

GOLD TRADING FORECAST TODAY

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13Nov

Singapore Stock Market : Analysts keep Valuetronics on ‘BUY Position’ regardless of headwinds

Singapore Stock Market :
Analysts from RHB Research, Maybank Kim Eng Research and UOB Kay Hian are keeping up their “BUY Position” proposals on Valuetronics Holdings. Notwithstanding, every one of the three financiers are additionally bringing down their objective costs for the hardware producer.

This comes as Valuetronics detailed a 12.8% decrease in profit to HK$44.3 million ($7.8 million) for the 2Q19 finished September, tumbling from HK$50.8 million per year prior.

2Q19 income slipped 1.3% to HK$716.2 million, hauled by a 22.0% decrease in Consumer Electronics (CE) income to HK$296.9 million. This was the aftereffect of a log jam sought after from CE client in the keen lighting business, and in addition generation disturbances in late September caused by the blaze flooding from Super Typhoon Mangkhut.

This was halfway alleviated by an expansion sought after from a few clients in the Industrial and Commercial Electronics (ICE) portion, which saw income increment by 21.4% to HK$419.3 million in 2Q19.

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“Barring [a one-off surge provision], net benefit would have expanded 14% y-o-y,” says UOB expert John Cheong in a Tuesday report, noticing that Valuetronics’ “hearty outcomes” in 2Q were “conceal” by the coincidental arrangement.

In any case, the financier is slicing its objective cost to 87 pennies, from 96 pennies beforehand. The lower target is because of UOB bringing down its FY19 and FY20 EPS estimates by 5% and 2%, separately, to incorporate arrangement from surge.

“Business standpoint stays positive… particularly for the higher-edge ICE portion as it keeps on observing more footing from the car clients,” Cheong says.

The way RHB examiner Jarick Seet sees it, Valuetronics keeps on offering an “appealing” profit yield.

“We anticipate that administration will keep compensating investors with higher profits, particularly when the organization performs better,” Seet says. “An aggregate of 27 HK pennies profit for every offer has likewise been proclaimed for FY18 and we expect a higher payout proportion in FY19 because of the solid monetary record, for a 6% yield.”

In any case, the examiner cautions that exchange levies could result in a dim viewpoint for Valuetronics.

“An exacerbating exchange war will probably contrarily affect the organization since 20% of incomes are presented to taxes,” Seet says. “Because of a debilitating estimation caused in terms of professional career war and a log jam of the segment internationally, we bring down our FY19F and 20F PATMI by 7% and 5%, to incorporate the erratic arrangement, bringing about a lower target cost of 82 pennies, pegged to 10x FY19F P/E.”

Correspondingly, Maybank has brought down its objective cost on Valuetronics to 96 pennies, from $1.05 beforehand.

“While administration’s tone recommends business energy is flawless for FY19E, we minimalistically shave FY19-21E center EPS by 4-7% as keen lighting recuperation could miss the mark concerning our desire, and different organizations could moderate if the exchange war heightens,” examiner Lai Gene Lih says in a Tuesday report.

As at 12.48pm, shares in Valuetronics are exchanging a large portion of a penny bring down at 67.5 pennies. As indicated by Maybank valuations, this infers an expected cost to-profit proportion of 8.5 occasions and a profit yield of 6.3% for FY19.

MAS propelling US$5b support for private value and funding speculations

THE Monetary Authority of Singapore (MAS) is propelling a US$5 billion store for private market ventures, to be overseen by best worldwide private value and framework finance administrators.

The chiefs must be focused on developing their current nearness in Singapore or setting up a noteworthy one.

Under the program, MAS will dispense US$5 billion of its own capital as a major aspect of its interest in the private markets resource class.

The reserve was reported on Tuesday by Enterprise Singapore administrator and MAS board part Peter Ong at the Global Investor Summit, being held amid the current year’s Singapore Fintech Festival.

Mr Ong stated: “This expands on the accomplishment of MAS’ existing outer store administrator program for the general population markets resource class, which has tied down worldwide resource directors in Singapore and catalyzed the development of our advantage administration industry.”

As indicated by a report by Bain and Co, there are presently in excess of 220 private value and investment chiefs situated in Singapore. For as long as five years, their benefits under administration developed at a compound yearly development rate of 28 percent, to achieve S$190 billion.

Around 85 percent of their ventures go into Asia, with Asean as a best speculation goal, trailed by India and China.

Mr Ong said that the US$5 billion program will help build up a more grounded stage for development back and framework improvement, and make a more profound and lively private markets biological community in Singapore that will fortify the financing channels to help endeavors.

He featured that organizations are remaining private longer.

“There is presently a more noteworthy acknowledgment among Asean organizations that private capital isn’t just simply one more wellspring of assets, yet in addition a key type of ‘shrewd capital’ that accompanies innovation, business expertise and systems helpful to organizations to develop and scale,” said Mr Ong.

13Nov

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 prices were little changed on Monday as the dollar traded near 16-month highs and traders awaited U.S. inflation data due later this week. Meanwhile, Federal Reserve Chairman Jerome Powell’s speech on Wednesday would also be closely watched as he discusses national and global economic issues. The Fed indicated earlier this month that it is still on course to hike interest rates in December.
  • The race is on for liquefied natural gas (LNG) producers to build export terminals as demand soars, but the criteria for financing such mega-projects have shifted as traditional relationships with LNG consumers have begun to disintegrate. Royal Dutch Shell’s (AS:RDSa) final investment decision (FID) taken last month for a $30 billion LNG Canada project was a shot in the arm for the LNG industry, which is emerging from almost three years of low prices and investment.
  • Oil rose by more than 1 percent on Monday, set for its largest one-day increase in a month after Saudi Arabia said OPEC and its partners believed demand was softening enough to warrant an output cut of 1 million barrels per day. Saudi Arabia, the world’s largest oil exporter, said on Sunday it would cut its shipments by half a million barrels per day in December due to seasonal lower demand.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • Emerging markets are already contending with U.S.-China trade tensions, policy tightening in developed countries, and a resurgent dollar. Higher oil prices are exactly what they don’t need right now. But that’s what they may get as the year draws to an end. With crude oil in a bear market, Saudi Arabia said OPEC and its allies should reverse about half the increase in output they made earlier this year as fears of shortages are supplanted by concerns about oversupply and collapsing prices. Oil futures in New York climbed as much as 1.6 percent.
  • Prime Minister Theresa May’s Brexit strategy came under attack from all sides on Monday, increasing the risk that her plan for leaving the EU will be voted down by parliament and thrust the United Kingdom toward a potentially chaotic “no-deal” Brexit. In a sign that Brexit talks could go down to the wire, EU sources said they want clarity from London by the end of Wednesday at the latest if there is to be a summit this month to approve a Brexit deal.
  • China will further open its economy in the face of rising protectionism, Premier Li Keqiang said as he arrived in Singapore on Monday for meetings with Asia-Pacific leaders that will focus on speeding up work on a major new trade pact. Li’s remarks in an article in Singapore’s Straits Times newspaper came as Singapore’s Prime Minister Lee Hsien Loong called for more regional integration, saying multi lateralism was under threat from political pressures.COMEX GOLD SIGNAL

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