Super Group

02-10-2012 12:02:12
STOCKS NEWS SINGAPORE-UOB raises target on Super Group to S$3.00


UOB Kay Hian raised its target price on Super Group Ltd to S$3.00 from S$2.55 and maintained its 'buy' rating, citing the company's good execution track record and upside potential from rebranding efforts.
Super manufactures, packages and distributes instant cereal flakes, beverages, coffee powder and other convenience food products. Its shares were up 2.7 percent at S$2.30 on Tuesday and have surged 75 percent so far this year.
UOB said a successful rebranding exercise could allow Super to gradually raise product prices, which are currently 8-10 percent below the levels of peers such as Nestle. This is critical amid volatile raw material prices, UOB noted.
The brokerage said it also sees promising growth prospects for consumer branded goods in key markets such as Thailand and Myanmar, which could deliver top-line growth of more than 10 percent per annum.

Offshore & Oil Services

*** 11:42 ***
STOCKS NEWS SINGAPORE-Smaller offshore firms attractive
- Maybank Maybank Kim Eng said robust activities in rig-building would filter down the value chain and it is time to start looking at the smaller offshore support services companies, many of which are trading at single-digit price-earnings ratios.

Maybank's top pick is Ezion Holdings Ltd due to the company's expected earnings per share compound annual growth rate of 36 percent over the next three years.

In the offshore construction space, Ezra Holdings Ltd and Swiber Holdings Ltd have accumulated strong order books, Maybank said.

The broker also highlighted module fabricators like Dyna-Mac Holdings Ltd and Technics Oil and Gas Ltd , as well as offshore support vessel builders and charterers who may be potential beneficiaries.

MARKETS News - F&N, SGX, OCBC

GLOBAL MARKETS-Asian shares, euro fall, investors brace for ECB, US payrolls data
SE ASIA STOCKS-Flat to weaker; Vietnam bucks trend
STOCKS TO WATCH -- FRASER AND NEAVE LTD , ASIA PACIFIC BREWERIES - Singapore drinks and property conglomerate Fraser and Neave said on Wednesday it will release a circular to shareholders on Thursday laying out details on the proposed sale of its stake in Asia Pacific Breweries to Heineken, as well as its capital reduction plan. It will also set the date for a shareholder meeting.
SINGAPORE EXCHANGE LTD - Singapore Exchange said securities turnover fell 29 percent to S$29.4 billion ($23.6 billion) from a year earlier, but was up 11 percent from a month earlier. Daily average value was down 29 percent year-on-year at S$1.4 billion, but 16 percent higher month-on-month.
OVERSEA-CHINESE BANKING CORP - Singapore's OCBC said on Wednesday it had priced $1 billion of fixed rate subordinated notes. The notes are priced at 99.905 percent and will bear a coupon of 3.15 percent per annum from the issue date to March 2018.
(Source: Reuters via UOB Kayhian News Portal)

Palm Oil Rises On Soyoil, China

*July 16, 2012 11:12 UTC+8

BMD Crude Palm Oil (CPO) Rises On Soyoil, China; MYR3,180 Resistance

*July 16 2012 12:45:00 PM

Crude Palm Oil Price: RM3129 ▲64 ▲2.09%, US $985

(Source: PalmOilHQ.com)

The ST outlook remains bullish.

10 July 2012 (Extracted from Macquarie Singapore Daily Newsletter) Singapore

The Straits Times index declined by 1.66% on Monday. After the closing bell, 90% of the index constituents were above their 20D MA (vs 97% last Friday), and 87% of the shares were above their 50D MA (vs 93%). From a chartist standpoint, the index corrected on the downside yesterday, as the RSI (14) is reversing down from its "overbought" area at 70%. Nevertheless, the ST bias is still bullish, as the index remains well supported by its rising 20-day simple moving average, which has just crossed above the 50-day one (a bullish signal). To sum up, as long as the key support at 2845 holds on the downside, expect a limited consolidation before a new bounce to 3030 and 3110 in extension.

OCBC raises Golden Agri target price

04-07-2012 09:25:25 (UOB-KH Online News)
STOCKS NEWS SINGAPORE-OCBC raises Golden Agri target price

OCBC Investment Research raised its target price for palm oil firm Golden Agri-Resources Ltd to S$0.81 from S$0.74 and kept its 'buy' rating, citing a possible recovery in crude palm oil (CPO) prices.

By 0114 GMT, Golden Agri shares were flat at S$0.72, and have gained 0.7 percent since the start of the year, underperforming the benchmark Straits Times Index's 12 percent rise.

Golden Agri, the second largest palm oil plantation owner in the world, stands to benefit from a rebound in CPO prices, OCBC said.

"We believe that a recovery of CPO prices is likely, given the concerns over the impact of a prolonged drought in the U.S. mid-west, affecting the potential supply of soybean crop," OCBC said in a report.

Soybean and CPO prices have a strong correlation of 0.85, indicating that CPO prices will likely mirror a rise in soybean prices, it added.

0916 (0116 GMT) (Reporting by thomsonreuters.com)

Global & Local Market Update, June 26

26-06-2012 08:10:08
SINGAPORE, June 26 (Reuters) - Following are some company-related and market news which could have an impact on the local market.

*MARKET SNAPSHOT @ 2357 GMT :

- INSTRUMENT LAST PCT CHG NET CHG -

DOW JONES <.DJI> 12502.66 -1.09% -138.12

S&P 500 <.SPX> 1313.72 -1.6% -21.300

USD/JPY 79.65 0.04% 0.030

SPOT GOLD 1585.28 0.08% 1.200

US CRUDE 79.3 0.11% 0.090

---------------------------------------------------------

* GLOBAL MARKETS

-Stocks, euro slide on European summit doubts [MKTS/GLOB]

-SE ASIA STOCKS-Philippine up on earnings hopes [.SO]

* LOCAL STOCKS

- Oversea-Chinese Banking Corp said on Monday it is setting aside another S$500 million ($391.5 million) to buy its shares from the market.

- Interra Resources said its jointly controlled entity Goldpetrol Join Operating Company Inc has started drilling at two of its wells in the Chauk oil field in Myanmar.