This blog is mainly for the convenience of archiving my investing thoughts and notes, and sharing with my close kakis. Hope you enjoy and participate in this sharing of notes and comments. Let's profit together from the bull ride as well as from mitigating the bear.
28-12-2011 08:19:22 GLOBAL MARKETS-Shares fall in thin trade, oil slips after jump on Iran
* MSCI Asia ex-Japan down 0.3 pct, Nikkei opens down 0.17 pct
* Euro hovers above 11-month low vs dollar. US crude down 0.2 pct after rising more than $2
TOKYO, Dec 28 (Reuters) - Asian shares eased on Wednesday in low volume with many market players away for year-end holidays, while oil slipped after surging the day before on concerns about supply disruptions after Iran threatened to stop the flow of oil from the Gulf.
MSCI's broadest index of Asia Pacific shares outside Japan <.MIAPJ0000PUS> fell 0.3 percent, keeping it on track for a yearly loss of about 17 percent, underperforming a 12 percent decline in European shares and a 9 percent drop in world stocks <.MIWD00000PUS>.
Japan's Nikkei stock average <.N225> opened down 0.17 percent in light trading, on track for a 17 percent decline this year.
U.S. stocks ended little changed on Tuesday after low market liquidity dampened activity and snapped a four-day rally that turned the broad Standard & Poor's 500 Index positive for the year.
"More people wanting to bring their positions to neutral ahead of the new year's holidays than looking for bargains is keeping prices depressed in low volumes," said Tetsuro Ii, the president of Commons Asset Management.
U.S. crude oil was down 0.2 percent to $101.16 a barrel, after surging more than $2 to $101.77 on Tuesday on concerns over supply disruptions from the Middle East. Iran threatened to cut off a key oil shipping route through the Strait of Hormuz if foreign sanctions are imposed on its oil exports. Aside from oil, the immediate impact to financial markets was limited.
The euro was steady at $1.3067, staying above its 11-month trough of $1.2945 hit earlier this month, but remained vulnerable ahead of Italy's debt sale on Thursday. [FRX/] Italy's planned debt sale of up to 8.5 billion euros on Thursday will provide a gauge for investor appetite. Italy faces around 100 billion euros in bond redemptions and coupon payments between January and April.
The direction of yields on highly-indebted euro zone sovereigns remains a key market focus in 2012, as soaring public financing burden threatens to hurt growth and further derail fiscal reforms.
Interbank euro lending rates eased on Tuesday in a sign the European Central Bank's massive injection of funds via a long-term lending operation was having a positive effect. But despite the ECB's move aimed at encouraging lending, many believe banks will likely use the funds to repay their debt and clean their balance sheet of bad assets first, to defend themselves from market turmoil stemming from the euro zone debt crisis, rather than lend and help spur European economies.
In the United States, more data emerged to support views the economy was on track for recovery, with improving labour market conditions lifting U.S. consumer confidence to an eight-month high in December.
The FSSTI gained 0.5% to 2,702.5 as investors remained cautious over the euro zone debt crisis and the credit rating downgrade of major European and US banks. STX OSV gained 5.3% to S$1.185 after it secured a contract worth Kr1.2b for the construction of a research vessel. The broader market saw 163 gainers and 175 losers, with trading value amounting to S$1.31b.
US markets rallied after the Federal Reserve and five other central banks agreed to reduce the cost of offering dollar financing through swap arrangements. The DJIA gained 4.2% to 12,046 and the S&P 500 index gained 4.3% to 1,247. The ADP employment report also reported an increase of 206,000 jobs in November. Gainers outpaced losers 7:1 on the NYSE, where 1.7b shares were traded.
09-11-2011 (UOBKH) 16:13:00: Wilmar Q3 result hits shares, bullish on sugar, palm prices 14:27:14: GLOBAL MARKETS-Shares up on Italy reform hopes, cooling China inflation
01-11-2011 08:38:49 Singapore Stocks-May fall on new EU worries; CapMall Trust in focus
Nov 1 (Reuters) - Singapore shares may open lower on Tuesday after losses on Wall Street overnight on new worries about Europe's debt crisis as Greece called an unexpected referendum on the new EU aid package. -CapitaMall Trust , which owns shopping malls, may be in focus after it raised S$250 million ($199.7 million) after setting the price of its private placement of new units at the bottom of the S$1.79-S$1.85 range. The trust announced on Tuesday that it is selling 139.7 million new units for S$1.79 each to fund the upgrade of its properties and investments.
*Wall St down as MF Global falls victim to Europe. Bonds soar as stock losses fuel safety buying [US/] > Yen wary of more intervention, euro sags; Gold eases as dollar soars on Japan intervention; Oil edges lower on dollar, but posts monthly gain
*Stocks and factors to watch: - - NEPTUNE ORIENT LINES (NOL) - the world's seventh-largest container shipping firm, reported on Monday a wider-than-expected third-quarter loss of $91 million, compared to a $282 million profit a year ago. It also warned of a possible full-year loss for the year ended December - Suntec REIT said on Monday it plans to invest S$410 million to upgrade its retail and commercial asset Suntec City.
27-10-2011 08:15:59 Singapore Stocks-May rise after US gains; GMG in focus
SINGAPORE, Oct 27 (Reuters) - Singapore shares are likely to rise on Thursday following gains on Wall Street overnight, helped by some progress in Europe to resolve its sovereign debt problems.
Rubber firm GMG Global may be in focus after it said it plans to raise S$349.4 million ($273.7 million) through a rights issue of 3.84 billion new shares at S$0.091 each. Shareholders will be offered one rights share for every one ordinary share held.
Bare-bones EU debt deal news enough for buyers; Bonds fall as euro zone progress hurts safety bid; Euro hangs tough as Europe hammers out deal; Gold rises 1 pct on uncertainty over EU summit; Oil falls as U.S. crude stocks rise [O/R]
Stocks and factors to watch:
-- SATS LTD - Singapore food and aircraft ground handling firm SATS said on Tuesday it has sold Daniels Group, its non-aviation food business in Britain for as much as 164 million pounds ($262 million).
-- MAPLETREE INDUSTRIAL TRUST - which owns industrial assets, said its distribution per unit for July-September was 2.05 Singapore cents, which exceeded its forecast by 10.8 percent.
Its earnings were driven by positive rental revisions and contributions from newly acquired factories in Singapore.
-- CHINA DAIRY - said on Tuesday that a unit of Fraser and Neave , one of its large shareholders, is in talks to sell its 29.5 percent stake in the firm to potential buyers.
-- SEMBCORP INDUSTRIES LTD - said on Tuesday it will be part of a consortium that will develop 715 hectares of land near the the Chinese city of Nanjing.
-- SINGAPORE AIRLINES LTD - the world's second-largest airline by market value, will unveil the name of its new low-cost carrier and some of the destinations it will fly to on November 1, the company said on Tuesday.
- Straits Times Index rose 0.33 percent on Tuesday to 2,769.94 points.
- The Dow Jones industrial average gained 1.39 percent to 11,869.04. The Standard & Poor's 500 Index climbed 1.05 percent to 1,242.00. The Nasdaq Composite Index rose 2,650.67.
10 Aug (Wed): Overall Market: - The market went thru a roller coaster ride for the past week. The bear came in having a big fight with the bull. Before the fight is settled, one might be more prudent to consolidate one's portfolio and cash while revising/keeping a watch list of only the quality and trendy stocks. - STI this week breached the 2920 support level, if failed to hang on, next level is ~2650.
Watch List:
- sectors: defensive utilities with high yield; selected commodities and resources
- companies with substainable themes and concepts (e.g iPhone-related, China-national development/policy related, S'pore offshore & marine-related)
3 Aug (Wed): Overall Market: - Market up for one day yest after resolution of US debt ceiling issue; today the market concerns shift to the fundamental issue of possible recession in US and slow in growth of emerging markets.
- Overnite, Dow -265, FTSE -56; tis morn (10am) Jap/Aust markets opened down ~1.6-1.8%
- Palm Oil up ~3130, C. Oil ~93, Gold goes higher ~1660
Last Week: - sold more OCBC holdings @9.93 (near 6-mo hi) last Thu as it seemed shy of getting near te $9.97 barrier(but on Monday it managed to leap to 10.09 b4 retreating to 10.02 staying above $10) Today: - most stocks gapped down esp those lead movers (HK gaming stocks, ..) 27 July (Wed): Overall Market - More or less continued the trend from prev day with the US debt ceiling issue still unresolved.
- End of the day, HSI & STI closed not much changed (~-.1 & +.2% resp.)
Today: - closed OCBC (@9.83) and StraitsAsia (@3.06) long positions for a small gain to preserve capital for other opportunities
27 July (Wed): Overall Market: - More or less continued the trend from prev day with the US debt ceiling issue still unresolved. - End of the day, HSI & STI closed not much changed (~-.1 & +.2% resp.) Today: - closed OCBC (@9.83) and StraitsAsia (@3.06) long positions for a small gain to preserve capital for other opportunities 26 July (Tue): Overall Market: -overnite Dow -88 and Gold up further ~1616 with US debt uncertainty, Silver ~40+; Crude Oil ~99, Palm Oil corrected 40 to 3100. FTSE -10. Tech stocks were fixed: Baidu up 10 pt (~6%) while TI down 1% *This Week: Monday: PP on SLM (880) and partly on OCBC as they bounced off Resistance (19.9 and 9.9 resp.). Watch Lists: SG:(+) OSIM (reversal?), Kepland, F & N, SembCorp, M1; (-) NOL, CityDev. HK: Consumers (887, 1114, 1828), Gaming (1928, 200), Banks (1128, 3988, 939).
22 July (Fri): Overall Market: *Overnite Dow jumped 152 pts; commods mixed: Gold ~1590, Silver ~39, Oil up ~99+; but Palm Oil some profit taking ~3130; FTSE +46. Overall sentiment improved due to Greek assistance package agreement and strong tech stock (Apple, ..) results. *This Week: - Yest long First Tractor(38) @10.26 (Break Weekly Peak:10.24) - KepCorp announced improved results n $0.17-dividend *Watch list: - SG: (rebound/reversal) SGX, CityDev - HK: (Consumer) 116(Chow S.S.), 738(La Saunder) 20 July (Wed): Overall Market: *Overnite Dow jumped 200 pts; commods mixed: Gold ~1590, Oil 97+; but Palm Oil recovered to ~3135; FTSE +31. *This Week: - Today long OCBC on BR 9.60 (major res.) - Monday, long SJM(880) on BR19.202nd timewithin a week *Watch list: - HKG: (Commod) PetroChina, Jiangxi Copper, Anhui C.; (Banks rebound?) ABC 农行，ICBC 工行, .. - SG: CityDev (rebound?), GentS (downtrend?), ...
16 July (Sun): Overall Market: *(Friday) Dow closed +42; commods firmed: Gold 1595, Oil 97; but Palm Oil dropped -0.9% to 3116; FTSE -3. *Watch list: - HKG: SJM, Air China - SG: CWT, HL Asia, ...
12 July (Tue): Overall Market: *(morning) Overnite Dow retreated (-1.2%) over concerns with Euro debts, gold stays ~1540+ while oils weakened crude oil ~94, palm oil ~RM3040; Today: *GARw - sold remainder @.16 with slight gain while palm oil price weakens 11 July (Mon): This Week: *Straits Asia - bt @3.03, Macd (turned +ve) n ADX crossover w volume. 10 July (Sun): Overall Market: * On Friday Dow (-62), S&P, Nasdaq all closed lower by more than 0.4%; FTSE -63, Palm Oil +RM23, Gold up to 1545; oil opened higher but ended down to 96.4 -2.19 *GARw - (Golden Agri warrant) sold some @.17 with a gain of $0.02 ~10+% while Palm oil price recovers Watchlist: - Straits Asia, GAR, F&N, OCBC, ... - SJM (bullish cup & handle), Johnson E., Ch.Metal Recycl., Taifeng, Shangrila (Break Res 20.0), PetroChina, Hangten, .. 6 July (Wed): Overall Market: *Overnite, Dow and S&P made slight adjustment ~-0.3% while Nasdaq is level; Gold and oil are up at ~1510+ and ~96+ respectively while palm Oil continues retreat but stay above MYR3000 *Singapore shares may be buoyed by higher commodity prices, but concerned about spreading Europe debt woes. 4 July (Mon): (US market closed for holiday) Overall Market: *On Friday, Dow+ 168 Nasdaq +42; metals & commod mostly edge up: Gold ~1494, Silver ~34, Oil ~95 but Palm Oil down ~3036 Region: *Thailand election decided smoothly *Asian markets get lift from exporters and financials Local: - Tiger Air dropped ~10% tis morn upon Australia ban This Week: *CWT sold te remaining tis morn @1.35 as the bearish sign shooting star appeared on Friday Watchlist: (eying on rebound play) - F&N, OCBC, KepCorp, .. - Johnson E., Ch.Metal Recycl., Taifeng, Luk Fook, .. 1 July (Fri): (HKG market closed for holiday) Overall Market: Overnite Dow continued its mini-rally upon encouraging US data and eased Greece concern; metals steady while oils softened after recent rebound - NASDAQ+25, FTSE +80; Gold 1501+, Silver 34+; palm oil -37, crude oil ~94. This Week: S'pore: *CWT resumed trading after acquisition announcement, this morn sold some @1.35 to PP (small gain of $.08) on R1(1st Resistance), may sell more at next resistance. *Mapletree IT: sold some @1.17 (with thin gain of .02) to reserve some capital. *Simulated, paper trade (for practice/short of fund): - OCBC: on 30-Jun, upon BR9.24 (Bt@9.25, sold@9.40, simulated gain of .15) - F&N: on 30-Jun, upon pennant breakout 5.70, target R1-5.90 .....(highest 5.87 today) HKG: *Dongfeng #489: closed @15 to reserve some capital, after rebound from ~$13.50 on China policy relax of vehicle control (still shy of $16 level before vehicle control announcement) *Johnson E.#179: Bt @5.07, in initial stage of turnaround (annual results +136%; concern: copper price) - Sands China: missed its BP19.38 early this week, didn't chase beyond 3%, closed $21 yest. Watchlists: - (HK) Dongfeng M., Johnson E., Ch.Metal Recycl., Taifeng (#873), Luk Fook, .. - (SP) GARw, Mapletree Ind. (block trades), OCBC, ..
Bull Market Stages: Stage 1 - Index crossing and staying above MA250 Stage 2 - MA50 crossing above MA250, called "golden cross" Stage3 - MA250 moving up, usually the uptrend will maintain quite a long period
Examples:
On Feb-6-2006, Shanghai A index closed at 1349 when MA 50 crossed MA250 s (golden cross), the index accumulated a gain of 360% reaching 6429
On 1-Jun-2009, the golden cross appeared in Shanghai A and Taiwan market indices (entering Bull Stage 2) while other markets (US, UK, and Asia) still await in Stage 1. On 16-Jun-2009, the golden cross appeared in S'pore STI index, hence also entered Bull Stage 2; around mid-Sep 2009, MA250 started moving up, technically entering Bull Stage 3.
My shares portfolio with CPF fund: 1)M1 - selected based on high dividend 6-7% (attributed to a minimum of 80 dividend distribution), plus potential business growth due to new NGNBN (next-gen broadband network) service launch in the near future. 2)Parkway Health Reit - selected based on high dividend ~6% (attributed to steady rental income stream from health industry tenants). 3)Euyansang - selected for its long-term steady growth (achieved 2-digit revenue compound annual growth in the past ten years), being the TCM sector leader in SE Asia with an established brand name. Strategy: Accumulate on dips.
24 June (Fri): Overall Market: (MarketWatch.com) Overnite Dow staged a late rebound to trim early loss of 200pts to only 59 (to reflect on mixed reports: - (i) a plan to release petro from global reserves hammed oil giants Exxon Mobil and Chervon; and (ii) Greek authorities have agreed to a new 5-year austerity plan to avoid a sovereign default). - NASDAQ+17, FTSE -98; Gold 1520+, Silver 34+; palm oil -42, crude oil ~92. - at noon, STI slightly up ~8 while HSI edged up ~300 pts. Last week: - quiet while market mood is soft This Week: - today sold Tech Oil&Gas @1.01 PP with a gain of $0.1, as it softens after 2 days of surge from $0.90 Watchlists: - (HK) Dongfeng M., Johnson E. (rebound) - (SP) GARw (accumulating), Mapletree Ind. (PP), KepCorp (rebound) 19 June (Sun): Friday closing: * STI 3,005 -14, HSI 21,695 -257; Dow 12,004 +42, NASDAQ -7, FTSE +16 * Oil 92.9 -2, Gold 1540 +10.9
17 June (Fri): Today: - market is weak - accumulate GARw on dip at .145 and .15; Golden Agri surged at the close & reversed from -.01 to +.02 to close at .685 15 June (Wed): Overall Market: - overnite Dow +123, NASDQQ+36, FTSE +29; metals mostly edged up: Gold 1526 +0.2%, Silver 35.6; most oils (palm oil -.2%, crude oil future ~99, ..) slightly off. - today STI slightly up while HSI correctioncontinues Last week: -Long KepCorp @11.16 on rebound off Sup 11.06 This Week: - closed KepCorp SL@10.96, lost 0.20, rebound didn't materialise :( Watchlist: - (HK) Haier, Dongfeng M., Johnson E. - (SP) CWT, GARw, Mapletree Ind. (-)Gent SP, F&N, ..
7 June, 12.40pm: (my blog resumed after HongKong trip)
Overall Market: - overnite Dow -61 , FTSE +8; today STI & HSI continue correction (-1, -165) Commodity Sector (extracted from Reuter/UOBKH morning news): -Gold hits one-month high on weak U.S. outlook. SPOT GOLD 1543.89 +0.05% +0.840 -Oil falls on OPEC hike possibility, demand concern. US CRUDE 98.8 -0.21% -0.210 Commodity Counters: -Olam International confirmed plans to raise S$740 million through a placement of new shares with an eye on future acquisitions. The company plans to sell 94.4 million shares to institutional investors and another 94.4 million shares to Singapore state investor Temasek at S$2.60 a share. The offer price represents a discount of 8.4 percent from the weighted average price of S$2.8381 on June 3. -MERMAID MARITIME said it plans to consolidate its drilling business under a new unit Asia Offshore Drilling, which will list on Norwegian stock exchange Oslo Axess by end of the month. -THE THINK ENVIRONMENTAL proposed a change in its core business activity to the mining of precious minerals and natural resources, and said it plans to invest about $41 million in its gold mining assets. The firm will dispose of assets in its green environmental business and change its name to LionGold Corp. The changes are subject to the approval of shareholders. -Golden Agri Resources' crude palm oil production could rise by more than 10 percent this year if weather conditions remain favourable, its executive director said on Tuesday. Last week: -bgt Mapletree IT @1.15, it seems building up at te narrow range of 1.15-1.17 -added more CWT @1.26, on te back of increased vol + gd recom (UOBKH) based on promising expansion into commodity biz (TP~2.0) This week: - shopping for any good values during te correction Watchlist: - (HK) commodity sector: copper, aluminium n oil; gaming sector (Galaxy, SJM, ..) ; Ch. financing sector, .. - (SP) CWT, GARw, F&N, (-)Gent SP, TigerAir, ..
26 May, 10.40am: (my blog was freezed for 10 days due to traveling)
*Global: overall still concern with US recovery slow down and debts in Europe, gold resume uptrend as USD surge subsides; HK market likely to be range trading above 22000 till end of May. Last week: -sold some GARw @.175 w/ gain of >10% This week: - closed NOL s-pos on Mon w/ slight gain; yest added some GARw @.155 *Watching: - (HK) PetroChina, JiangxiCop, SJM, ..; (SP) F&N, GARw, CWT, ... *The following extracted from Reuters: Singapore stocks may start higher on Thursday on the back of Wall Street's overnight rebound and firmer commodity prices, US indices up 0.3 - 0.5%. Gold sets 3-wk high on option expiry, euro zone debt; Oil hits 2-week high on US distillate draw, dollar. Stocks and factors to watch: - - Singapore Airlines - released plans to enter the long-haul budget carrier market by setting up a new subsidiary which is expected to compete with AirAsia X. - CAPITALAND - has emerged as the top bidder at S$967 million ($775 million) for a site in Jurong in the western part of the city state, according to CBRE Research. - Singapore's Mapletree Logistics Trust (MIT) - said on Wednesday it will buy KPPC Pyeongtaek Centre, a warehouse facility in South Korea.
18 May (10.30am SP): *Global: - DJI (-.55%) & FTSE (-60) down on slow recovery and economic concern but Nasdaq up; - metals (Gold ~1490) and commodities (coffee, rubber, ..) mostly up, palm oil unch - Lidya oil minister deflects *Regional/local: - STI, HSI, SSE up on opening. - CLSA says to watch Baidu & Tencents on Internet growth - economist says China may see more hikes this year *Watching: (-) NOL, F&N (+) GAR, OCBC, FirstRes SJM: tricky path up, up movement followed by 2 down bars, then a final gap up b4 te +ve result announcement (even thgh missed te trade but it's an eye opener watch) 17 May:
*Global:
The main Wall Street indexes fell between 0.4 percent and 1.6 percent, with tech stocks leading the decline as investors sold winners in a sign of growing unease with pockets of U.S. economic weakness.
HSBC posted 8% rise on 1Q revenue, hiring 2000 workers in S'pore and China.
HKG to watch: (+) Galaxy (#27), Sa Sa(#178), SJM(#880), Real Gold(#246)
Vesak Day holiday in S'pore, USD-SGD unch.
16 May: *Global: Dow -100 on Fri, both Gold and oil lower; concern with US economy and Euro issues *Local: This morn NOL lower on poorer Q1 results *Last week: sold Osim@1.73, F&N@6.25, and Smartone(#315) @13.0 on PP *This week: sold SCMP #583 (1.98) on PP *Monitoring: (+) Sa Sa(#178), SJM(#880), Real Gold(#246); (-) NOL
09-05-2011 08:33:23 SINGAPORE, May 9 (Reuters) - Unprecedented opposition gains in Singapore's weekend election, despite the ruling party remaining firmly in power, may affect investors' sentiment on the Singapore stock exchange on Monday, though strong U.S. jobs data may still provide a boost.
Singapore-listed Cosco Corp may also be in the spotlight after reporting a 53 percent year-on-year rise in first quarter net profit, due to greater efficiencies and contribution from its shipbuilding and marine engineering projects. --MARKET SNAPSHOT @ 2356 GMT ---- INSTRUMENT LAST PCT CHG NET CHG S&P 500 1340.2 0.38% 5.100 USD/JPY 80.81 0.16% 0.130 10-YR US TSY YLD 3.1477 -- 0.000 SPOT GOLD 1493.43 -0.04% -0.620 US CRUDE 98.6 1.46% 1.420 DOW JONES 12638.74 0.43% 54.57 ASIA ADRS 139.94 0.83% 1.15 ------------------------------------------------------------- *Jobs report helps Wall St salvage sour week. Greece report sparks U.S. bond short covering . Euro posts worst week since January; prospects dim * Silver rise ends five-day rout, gold up on US jobs. US crude up over $1, rebounds from record weekly fall Stocks and factors to watch: - - OLAM INTERNATIONAL - the commodities firm Olam said on Monday it plans to set up its own almond processing facility in Victoria, Australia, with a capacity to hull or shell as well as process 40,000 tonnes of almond kernels for up to A$55 million ($58.8 million). - WILMAR INTERNATIONAL - said on Monday it had agreed with New Britain Palm Oil to supply continental Europe with palm oil, which will be available from Wilmar's refinery in Brake, Germany. - SINGAPORE EXCHANGE - will offer rubber futures starting May 16, moving the contracts over from the Singapore Commodities Market platform to give it greater liquidity, the bourse operator announced on Friday. - China Minzhong, a Singapore-listed Chinese vegetable producer, said on Monday its third quarter net profit rose 93 percent year-on-year to 261.1 million yuan ($40.2 million) on strong demand for vegetables. - Straits Times Index fell 0.33 percent on Friday to 3,099.52 points. 07 May 2011 (The Edge)
Whatever the outcome of the elections, however, investors ought not to lose sight of the micro fundamentals of individual companies. Indeed, with a slew of results of large cap companies like SingTel, Wilmar International, Oversea-Chinese Banking Corp, Genting Singapore and Singapore Airlines scheduled for release in the week ahead, the market might not dwell on the issue of politics for much longer. Friday, 06 May 2011 18:05 (Bloomberg)
Singapore’s Straits Times Index fell 0.3% to 3,099.52 at the close. The gauge dropped 2.5% this week, its worst weekly performance since the period ended March 18. About three stocks dropped for every two that rose in the benchmark index of 30 companies.
Shares on the measure trade at an average 14.2 times estimated earnings, compared with about 15.6 times at the end of 2010, according to data compiled by Bloomberg. The following shares were among the most active in the market.
Transport companies: Shipping and airline companies gained as oil fell for a fifth day, heading for its biggest weekly decline since December 2008 after reports indicated economic weakness in the U.S. and Europe. Neptune Orient Lines (NOL SP), Southeast Asia’s biggest container carrier, advanced 1.7% to $1.84. Singapore Airlines (SIA SP), the world’s second-largest airline by market value, increased 2.6% to $14.38. Tiger Airways Holdings (TGR SP), the low-cost carrier partly owned by Singapore Air, gained 2.7% to $1.53.
China Aviation Oil (Singapore) Corp. (CAO SP), the nation’s biggest supplier of jet fuel, rose 0.8% to $1.30. The company said first-quarter net income increased 67% from a year earlier to US$21.5 million ($26.6 million).
Hyflux (HYF SP), Singapore’s biggest water-treatment company, jumped 4% to $2.06. The company said first- quarter net income climbed 15% from a year earlier to $7.4 million.
Kim Eng Holdings (KEH SP), a Singapore-based brokerage, added 0.3% to $3.08. Malayan Banking (MAY MK), Malaysia’s biggest lender by assets, said it will offer $3.10 for the rest of Kim Eng that it doesn’t own. Maybank agreed in January to buy a 44.6% stake in Kim Eng from Taiwan’s Yuanta Securities Asia Financial Services and Kim Eng Chairman Ronald Ooi at the same price.
United Overseas Bank (UOB SP), Singapore’s third- largest lender by market value, fell 1.6% to $18.80. The bank reported first-quarter net profit was $612 million. That compares with $612.2 million average estimate by five analysts compiled by Bloomberg.
04-05-2011 08:37:46 (Reuters) Singapore shares may see a weak start on Wednesday after Wall Street indices ended mostly lower overnight amid falling commodity prices and fears that U.S. corporate earnings will not live up to expectations.
Genting Singapore may be in focus after rival Las Vegas Sands Corp reported lower-than-expected quarterly profit at its casino-resort in the city-state, Marina Bay Sands, sending shares of the company down 10 percent.
MARKET SNAPSHOT @ 0004 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 <.SPX> 1356.62 -0.34% -4.600 DOW JONES <.DJI> 12807.51 0.00% 0.15
SPOT GOLD 1536.25 -0.27% -4.130 US CRUDE 110.84 -0.19% -0.210
ASIA ADRS <.BKAS>; 141.44 -1.04% -1.49 -------------------------------------------------------------
* Wall St falls as earnings fears threaten rally [.N]; Bonds gain on safety buying, supply expectations [US/]; Euro flat but trend still positive despite Portugal [USD/] * Silver slides again on margin hike, gold falls [GOL/] *Oil falls as India, dollar spark sell-off
Stocks and factors to watch: -
- NEPTUNE ORIENT LINES - the world's seventh largest container shipping firm, said on Tuesday it carried 12 percent more cargo in the four weeks to April 8 from a year ago, helped by higher traffic on intra-Asia and Asia-Europe routes.
- WING TAI HOLDINGS - said its third quarter net profit more than doubled to S$59.5 million from S$23.2 million a year ago, helped by higher sales from its residential units.
- PACIFIC ANDES RESOURCES DEVELOPMENT - the frozen fish supplier said on Tuesday it has applied to the Taiwan stock exchange and the central bank to issue Taiwan depository receipts (TDR). It expects to issue about 228 to 285 million TDRs at T$18 each.
- YAMADA GREEN RESOURCES - said its net profit rose 17.6 percent in the first quarter to 63.1 million yuan ($9,712,352.000)compared to the year-ago period, helped by higher orders for processed food products and mushrooms.
- HI-P INTERNATIONAL - said it swung to a net profit of S$17.9 million in the first quarter, compared to a loss of S$14.2 million a year ago, due to higher sales from projects.
- Straits Times Index fell 0.83 percent to 3,153.57 points on Tuesday.
- The Dow Jones industrial average; was largely flat at 12,807.51. The Standard & Poor's 500 Index; dipped 0.34 percent at 1,356.62. The Nasdaq Composite Index lost 0.78 percent at 2,841.62.
DIARY - Singapore Q1 2011 corporate earnings April 29(Reuters) - Following is a list of the upcoming release dates for the quarterly earnings of top Singapore-listed companies. All dates are confirmed except those marked by an asterisk (*), which means this was the date when the earnings were released in 2010.
Market Update - April 2011 May 1 (Mon) - Labor Day Holiday
30-04-2011: * Dow 12,810 +47 OCBC in narrow range 9.30-9.64, c9.55 OSIM uptrend, testing Resistance 1.72/1.74HH 29-04-2011 (Fri): * Dow 12,763.31 +72 29-04-2011 06:46:14 STOCKS NEWS ASIA-Shares to rise as Wall St rally continues
WELLINGTON, April 29 (Reuters) - Asian stocks are set to shuffle higher on Friday as Wall Street's rally continued on cautious optimism, although volumes will likely be thinned by a holiday in Japan.
The main Wall Street indexes rose between 0.1 percent and 0.6 percent with the Dow Jones Transportation Average closing at an all-time high.
The Transport index gained on solid results for railroad firm Norfolk Southern , with the sector seen as an economic bellwether and an indicator of further gains in the broader market. But gains were tempered by data showing U.S. economic growth weakened while jobless numbers rose, underscoring the Fed's message from the day before that the recovery moderate.
*Asian stocks listed on Wall Street <.BKAS>; rose 0.59 percent.
*Commodity prices <.CRB>; rose, helped by firmer oil prices [O/R], and a weak U.S. dollar.
The greenback fell to a three-year low against a basket of currencies; U.S. dollar on the weak data and the Fed's pledge to maintain supportive monetary policy.
Crude palm oil futures on Malaysia’s derivatives exchange rose Thursday, snapping a four-day losing streak after broad gains in Dalian and Chicago soyoil encouraged dip-buying. The benchmark July contract on the Bursa Malaysia Derivatives ended MYR16, or 0.5%, higher at MYR3,293 a metric ton, after trading in a MYR3,288/ton-MYR3,324/ton range. May soyoil on the Chicago ... (PalmOilHQ.com) 28-04-2011, * Dow +96 *Yangzijiang Shipbuilding - posts 63% rise in 1Q net profit to record $180m *Bright World - results announcement 13:04:29 * STI up 0.47 percent, seen in 3,180-3,200 in afternoon * Sembcorp Indus up 2.6 pct on good outlook, valuations April 28 (Reuters) - Singapore shares gained 0.47 percent by midday on Thursday, buoyed by strength in Asian bourses after the U.S. central bank indicated it would maintain monetary policy at supportive levels for some time.
Sembcorp Industries led gains among blue chips, rising 2.6 percent to S$5.49 on expectations it could benefit from a strong pipeline of oil rig orders and as its valuations remained cheap, traders said.
"Sembcorp Industries is playing catch up after underperforming both Sembcorp Marine and Keppel. The worse is also over for the firm as its utilities operation is turning around," said an analyst from a foreign brokerage. Sembcorp Industries holds a majority stake in Sembcorp Marine, the world's second largest oil rig builder.
By the midday break, the Straits Times Index was up 15.10 points at 3,197.78. The total value of shares traded in the morning session was S$766.5 million, slightly higher than S$753.4 million on Wednesday.
27-04-2011 12:59:30 * Index up 0.5 percent, cap of 3,200 pts eyed * Mapletree Commercial to debut at 0600 GMT *Osim International rises on strong Q1 result April 27 (Reuters) - Singapore shares rose at midday on Wednesday, buoyed by overnight gains on Wall Street and a rise in Asian markets. In the afternoon session, Mapletree Commercial Trust 's trading debut will likely be the highlight of trade.
By the lunch break, the Straits Times Index (STI) was up 0.5 percent, or 15.93 points, at 3,187.76. The total value of shares traded in the morning session was S$753.4 million, higher than the S$595 million on Tuesday. Local traders said the STI may rise more in the afternoon but gains may be capped around 3,200 points.
Keppel Corp shares were up 2.2 percent at S$12 on a volume of 4.9 million shares. Sembcorp Marine rose 1.6 percent at S$5.76 with 2.9 million shares changing hands.
"We still like the oil and gas story. The situation in the Middle East especially in Libya is still far from being settled," said an analyst at OCBC Investment Research. "With high oil prices here to stay, orders especially for deepwater rigs are likely to continue. The talk is that the oil price will stay above $100 a barrel," the analyst added.
Traders said Mapletree Commercial may trade slightly higher than its offer price of S$0.88 per unit as the firm offers a reasonably attractive yield from its properties in prime Singapore locations.
Osim International rose as much as 3 percent after the firm said first quarter net profit surged 150 percent to S$20 million ($16.2 million) from a year earlier. At midday, Osim shares were up 2.4 percent at S$1.70 on a volume of 6.6 million shares.
21-04-2011 12:49:30 * Singapore Index up 0.97 percent, limited upside seen * Keppel Corp rises on better-than-expected Q1 earnings April 21 (Reuters) - Singapore shares rose by midday on Thursday on improving risk appetite after U.S. stocks recorded their best session in a month, with oil rig builder Keppel Corp among the gainers on stronger-than-expected first quarter net profit.
By the midday break, the Straits Times Index (STI) was up 0.97 percent, or 30.61 points, at 3,196.41. The total value of shares traded in the morning session was S$1.12 billion, around 53 percent higher than S$732.6 million on Wednesday.
Local traders said there is limited upside to the STI in the afternoon, but support is likely to be at around 3,180 points.
"Right now it's more of a spillover from the strong performance at Wall Street. The longer term trend is still poised upwards and my view is for a much stronger STI," said Phua Ming-weii, an analyst at Phillip Securities.
Commenting on the surge in gold prices, he said: "Gold is a safe haven asset, but at the same time it's seen as a way to hedge against inflation. At this point, risk appetite is coming back so it's certainly not a sign of risk aversion."
Shares of Keppel Corp , the world's largest rig-builder, rose as much as 1.6 percent after posting a 7.8 percent rise in quarterly net profit, helped by better margins from its offshore and marine business. The firm also said that new orders for oil rigs had rebounded. At midday, Keppel Corp shares were trading at S$12.92 on a volume of 4.3 million shares.
Several brokers reiterated their buy calls on Keppel Corp on expectations of more orders for rigs, but RBS downgraded the stock to hold from buy as it believed that increased orders and better margins have already been priced in.
19-04-2011 08:20:27 April 19 (Reuters) - Singapore shares are likely to fall on Tuesday, after debt fears in Europe and the U.S. hurt the outlook for global economic growth and sparked heavy selling on Wall Street overnight.
Singapore Exchange , Asia's second-largest listed bourse by market value, may be in focus after it reported a 10.2 percent drop in quarterly net profit, hurt by costs related to its failed bid for ASX and higher technology spending. SGX's earnings were far worse than expected.
---MARKET SNAPSHOT @ 0010 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 1305.14 -1.1% -14.540 USD/JPY 82.53 0.08% 0.070 10-YR US TSY YLD 3.3762 -- -0.004 SPOT GOLD 1492.79 0.77% 11.440 US CRUDE 107.09 -0.03% -0.030 DOW JONES 12201.59 -1.14% -140.24 ASIA ADRS 136.78 -1.46% -2.03 -------------------------------------------------------------
Wall St falls on sovereign debt fears, TI off late. Debt warnings won't always be this easy for US bonds ; Euro knocked by sovereign debt fears, yen shines; Gold hits record near $1,500/oz after S&P move; Oil falls on S&P U.S. outlook cut, demand worry
Stocks and factors to watch: -
- CAPITACOMMERCIAL TRUST , CAPITALAND - CapitaCommercial Trust said its distributable income for the first quarter fell 4.1 percent to S$52.1 million, due to the reduction in rental income after the sale of two of its properties. It had a distribution per unit of 1.84 Singapore cents for the period, down 4.7 percent from a year ago. CapitaCommercial Trust and CapitaLand will jointly redevelop Market Street Car Park, a commercial property in Singapore's central business district, into a grade A office tower. The total project cost is estimated to be S$1.4 billion, it said in a statement.
- KEPPEL TELECOMMUNICATIONS & TRANSPORTATION - said its first quarter net profit before exceptional items rose 10 percent to S$13.9 million, helped by higher revenue from its data centre division.
- Ascendas REIT, which owns industrial properties, said its fourth quarter distribution per unit jumped 19.8 percent to 3.27 Singapore cents, up from 2.73 Singapore cents a year ago, helped by higher gross revenue as new projects were completed.
- Singapore's benchmark Straits Times Index fell 0.28 percent on Monday to 3,144.38 points. The Dow Jones industrial average dropped 1.14 percent to 12,201.59. The Standard & Poor's 500 Index retreated 1.1 percent to 1,305.14. The Nasdaq Composite Index lost 1.06 percent at 2,735.38.
14-04-2011 08:36:17 Singapore Stocks-GDP Data may boost sentiment April 14 (Reuters) - Singapore shares may see cautious gains on Thursday, boosted by stronger-than-expected first quarter economic data. However, a choppy session on Wall Street overnight is likely to limit gains.
Singapore's first quarter GDP rose 8.5 percent from the year-ago figure, compared with a median of 6 percent from a Reuters poll. The central bank also said inflation in the city-state this year will likely come in at the upper half of its 3-4 percent forecast range. Singapore's central bank separately slightly tightened monetary policy, re-centering its exchange rate policy band upwards and warning inflation was likely to be at the high end of its forecast.
Singapore Press Holdings may be in focus after it said on Wednesday its second quarter net profit fell 33.5 percent from a year ago, mainly due to an absence of earnings from property development.
The Dow Jones industrial average was 0.06 percent higher at 12,270.99. The Standard & Poor's 500 Index gained 0.02 percent to 1,314.41. The Nasdaq Composite Index climbed 0.61 percent to 2,761.52.
14-04-2011 06:00 (Straits Times) STI rebound on bargain hunting; turnover more robust than past 2 days - STI up 34.08 pts (1.09%), most active Dyna-Mac rose 4c to 67.5c, SingTel gained 5c to $3.06. - Most transport firms boosted by lower oil prices, a 2-week low; NOL and SIA up 6c and 66c to 2.01 and 14.10 respectively. - Rig builders benefited from news of new contracts; Cosco up 8c to 2.32 while KepCorp 10c to12.60. Citi analysts raised Cosco TP (target price) to $3 while DMG&P has a "buy" call on Keppel with a TP of 13.94. - Hyflux rose 3c, as the water treatment firm plans to sell up to $200M of 6% Class A pref shares to fund its projects.
13-04-2011 08:06:55 April 13 (Reuters) - Singapore shares may fall on Wednesday following overnight losses on Wall Street amid lower commodity prices, while ongoing concerns over Japan's nuclear problems are likely to keep investors at bay. Keppel Corp , the world's largest oil rig builder, may be in focus after it said on Tuesday its offshore and marine unit had secured S$240 million ($191 million) worth of contracts from two international customers.
--MARKET SNAPSHOT @ 2345 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 <.SPX> 1314.16 -0.78% -10.300 USD/JPY 83.75 0.17% 0.140 10-YR US TSY YLD 3.4923 -- 0.000 SPOT GOLD 1452.69 -0.09% -1.260 US CRUDE 106 -0.24% -0.240 DOW JONES <.DJI> 12263.58 -0.95% -117.53 ASIA ADRS <.BKAS> 137.62 -1.09% -1.52 -------------------------------------------------------------
> Energy drives Wall St lower, Alcoa's results drag. Retail sales may set tone for 10-yr debt auction [US/] > Yen, Swiss franc rally vs dollar; investors shun risk[USD/] > Gold posts biggest fall in month as Goldman warns [GOL/] > Oil slumps on Goldman warning, demand fears .
Stocks and factors to watch: -
- COSCO CORP - Shipbuilder COSCO Corporation said its unit has secured a contract with Seadrill to build a drilling rig valued at $66 million.
- HYFLUX - Wastewater treatment firm Hyflux has requested a trading halt on its shares pending the release of an announcement.
- TTJ Holdings said it has secured contracts worth about S$29 million to supply, fabricate and install structural steelwork, boosting its order book to S$169 million.
- Construction firm Lian Beng said its net profit for the nine months ended February doubled to S$36.6 million, up from S$17.4 million in the year-ago period, due to higher revenue from construction and its property development businesses.
- Straits Times Index <.FTSTI> fell 0.71 percent on Tuesday to 3,138.00 points. The Dow Jones industrial average <.DJI> lost 0.95 percent to finish at 12,263.58. The Standard & Poor's 500 Index <.SPX> retreated 0.78 percent to 1,314.16. The Nasdaq Composite Index fell 0.96 percent to 2,744.79.
07-04-2011 08:37:07 Singapore Stocks- Likely to rise on US; Genting S'pore in focus April 7 (Reuters) - Singapore shares are likely to rise on Thursday following gains on Wall Street overnight, as stronger commodity prices and firm global markets help to support investor confidence. Shares of casino operator Genting Singapore may be in focus after the Business Times said Las Vegas Sands chief executive Sheldon Adelson suggested that a junket representative could have been operating at its Singapore casino, which is currently not allowed.
--MARKET SNAPSHOT @ 0005 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 <.SPX> 1335.54 0.22% 2.910 USD/JPY 85.47 0.05% 0.040 10-YR US TSY YLD 3.5527 -- 0.004 SPOT GOLD 1456.79 -0.01% -0.210 US CRUDE 108.57 -0.24% -0.260 DOW JONES <.DJI> 12426.75 0.27% 32.85 ASIA ADRS <.BKAS> 138.98 -0.16% -0.22 -------------------------------------------------------------
> S&P 500 index edges higher on light volume [.N] > Oil price-driven inflation fears hurt bonds [US/] > Euro rise to 14-month high vs dollar before ECB [USD/] > Gold hits record again; dlr down as ECB hike seen [GOL/] > Oil hits 2-1/2-year peak; gains seen slowing
>Stocks and factors to watch: -
- Chinese sportswear maker Eratat Lifestyle said it plans to issue 45 million new shares at S$0.202 each, which represents a 9.7 percent discount to the volume weighted average price of S$0.2238.
- ASIA ENVIRONMENT HOLDINGS - The auditors of Asia Environment Holdings have issued an emphasis of matter, highlighting that the firm had a deficit in net current assets of 574 million yuan ($87.7 million) for the year ended Dec 31, which may cast significant doubt on its ability to continue as a going concern.
- Straits Times Index <.FTSTI> rose 0.75 percent on Wednesday to 3,170.33 points. The Dow Jones industrial average <.DJI> gained 0.27 percent at 12,426.75. The Standard & Poor's 500 Index climbed 0.22 percent to 1,335.54. The Nasdaq Composite Index rose 0.31 percent to 2,799.82.
06-04-2011 14:18:55 Singapore Stocks-Higher at midday on SGX with more upside seen. Gallant Venture surges on DBS' buy call By Eveline Danubrata. April 6 (Reuters) - Singapore shares rose at midday on Wednesday, shrugging off China's largely expected rate hike, with Singapore Exchange the top traded stock by value after Australia indicated its intention to block the deal with ASX Ltd .
By the midday break, Straits Times Index was up .31 %, or 9.71 points, at 3,156.46. The total value of shares traded in the morning session was S$847.2 million, higher than S$748.6 million on Tuesday. Local traders said the STI could rise more in the afternoon, though gains may be capped at around 3,170 points.
China's central bank increased interest rates on Tuesday for the fourth time since October, raising suspicions that data next week may show inflation rose more than expected in March.
"The STI did take a hit from the China rate hike, just very marginally. But SGX, which is a large component of the STI, is slightly higher today so that could be a contribution," said a market strategist at Saxo Capital Markets.
"SGX has been punished so much. Everyone was saying that they were overpaying for ASX and the stock has been heavily under pressure due to that. Now that the deal seems to be off, the share price should recover back to S$9," he added.
SGX shares rose as much as 1.6 percent and at midday were up 0.8 percent at S$8.40 on a volume of 6.9 million shares. The stock had fallen to as low as S$7.26 after the bourse operator announced its bid for ASX in October last year.
Traders said that blue-chips have largely rebounded on easing concerns about Japan and Libya, so there has been a rotation of interest to the smaller cap stocks.
Shares of Gallant Venture , which develops industrial parks and resorts in Indonesia's Bintan and Batam, rose as much as 16.5 percent after DBS Vickers resumed its coverage on the stock with a buy call and S$0.88 target price. At midday, Gallant Venture shares were up 14.1 percent at S$0.485 on a volume of nearly 100 million shares, around 9 times the average volume in the last 30 days.
05-04-2011 08:08:51 April 5 (Reuters) - Singapore stocks may trade sideways on Tuesday after Wall Street ended little changed overnight and as markets in Hong Kong and China remain shut because of holidays. But rig builders and commodity firms may get a lift from higher oil prices.
Rubber producer GMG Global may be in focus after it said its plantation and processing facilities in the Ivory Coast will temporarily halt operations due to a country-wide curfew and disruption in transportation. Asia Pacific Breweries and parent Fraser and Neave may also be in focus after an APB unit sold its stake in China's Kingway Brewery to GDH Ltd for 1.08 billion yuan ($165.1 million). APB's share of the gain is about S$38 million.
--MARKET SNAPSHOT @ 2343 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 <.SPX> 1332.87 0.03% 0.460 USD/JPY 84.19 0.07% 0.060 10-YR US TSY YLD 3.4254 -- 0.000 SPOT GOLD 1435.45 -0.08% -1.100 US CRUDE 108.26 -0.19% -0.210 DOW JONES <.DJI> 12400.03 0.19% 23.31 ASIA ADRS <.BKAS> 140.27 -0.02% -0.03 -------------------------------------------------------------
> S&P closes flat, fails to break through resistance [.N] > View Fed will stay the course boosts bonds [US/] > Euro holds below recent peaks; FOMC minutes eyed [USD/] > Gold up, silver hits 31-yr highs on inflation worry [GOL/] > Oil climbs to highest since 2008 on supply concerns.
Stocks and factors to watch: -
- SINGAPORE EXCHANGE - Asia's second-largest listed bourse operator, said on Tuesday its derivatives daily average volume reached an all-time high in March, while securities and clearing activities posted year-on-year growth.
- CAPITALAND - Singapore property developer CapitaLand said on Monday it had sold Citadines Ashley Hongkong in Tsim Sha Tsui, Hong Kong, and the company managing the serviced residence property for HK$283 million ($36.3 million).
- NEPTUNE ORIENT LINES - the world's sixth-largest container shipping firm, said on Monday it carried 12 percent more cargo in the four weeks to March 11 from a year ago, helped by higher traffic on intra-Asia and Asia-Europe routes.
- TIONG SENG HOLDINGS - Singapore construction firm Tiong Seng said on Monday it had won a S$192 million ($152.4 million) building and contingency works contract from the city-state's Housing and Development Board. [ID:nSNZ42md51] - Singapore's benchmark Straits Times Index <.FTSTI> rose 0.65 percent on Monday to 3,140.62 points.
-The Dow Jones industrial average <.DJI> gained 0.19 percent to finish at 12,400.03. The Standard & Poor's 500 Index <.SPX> edged up 0.03 percent to 1,332.87. The Nasdaq Composite Index <.IXIC> was 0.01 percent lower at 2,789.19.
04-04-2011 08:02:13 April 4 (Reuters) - Singapore stocks are likely to open higher as strong U.S. jobs data is set to provide fresh momentum to Asian equity and commodity markets in the new quarter.
Singapore's Keppel Corp , the world's largest oil rig builder, may be in focus after it said that Jasper Investments had exercised an option to order a second jackup rig worth $180 million.
---MARKET SNAPSHOT @ 2349 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 <.SPX> 1332.41 0.5% 6.580 USD/JPY 84.26 0.14% 0.120 10-YR US TSY YLD 3.4496 -- 0.000 SPOT GOLD 1430.29 0.16% 2.310 US CRUDE 108.37 0.40% 0.430 DOW JONES <.DJI> 12376.72 0.46% 56.99 ASIA ADRS <.BKAS> 140.30 0.72% 1.00 -------------------------------------------------------------
> Wall St gains on job growth; earnings next hurdle [.N] > U.S. rates markets will focus on ECB decision [US/] > Euro extends gains; yen broadly weaker [USD/] > Gold slips on U.S. jobs data, Fed eyed [GOL/] > Oil rises to 2-1/2 yr peak on job rise, supply fear
Stocks and factors to watch: -
- CITYSPRING INFRASTRUCTURE TRUST - Au Yeung Fai, chief executive officer and executive director of CitySpring Infrastructure Management, which is the trustee manager, had resigned, CitySpring trust said in a statement. Chief Financial Officer Tong Yew Heng will be appointed acting CEO of the trustee manager.
-- PARKWAY LIFE REIT - which invests in healthcare assets, said on Friday that all of its 30 properties in Japan have not been structurally affected and continue to be in operation.
- Singapore-listed medical equipment firm LMA International said on Monday it had acquired Vitaid Ltd, a Canadian distributor of medical devices, for C$1.53 million ($1.6 million) as initial payment and then two deferred payments.
- Singapore's Ezion Holdings, which provides services to the offshore oil and gas industries, requested a trading halt on Monday pending announcement.
- Straits Times Index rose 0.47 percent on Friday to 3,120.47 points.
- The Dow Jones industrial average gained 0.46 percent to finish at 12,376.72. The Standard & Poor's 500 Index advanced 0.50 percent to 1,332.41. The Nasdaq Composite Index was 0.31 percent higher at 2,789.60.
26 Jun'11 (Alex): S2/S3 list: - Sunvic (-) uptrend broke, wait for rebound - Capitaland (S2) - Swiber (S2) downtrend, wait for B1 (touch upper trend line and retreat) - Ch. Coal (S2) wait for B2 #1880 Belle - ok #448 HangTen - no strength #489 DongfengMotor - chart not nice (but notice the favorable policy change)
15Mar'11: ======================= T3B Trainers' trading stand: -Tham was closing all SP pos+ some shorting (Gent?) -Alex was for past few weeks shorting S2(wait for downtrend stocks to pull back), now doing US S3 strategy (buy uptrend stocks on correction) -Ooi stop trading HK stocks, after making more losses than profits lately ======================= Alex's website: alexkoh.com
3) Chart pattern: symmetric triangle not so obvious, may not need to pay attention. (Anyway, triangle not that important for indices) 4) Candle stick: last one hammer not a gd one as the tail is too short 5) Indicator: stochastic bearish crossover but Macd showing bearish 4g1r, followed by 1r
Conclude: In contradicting mode: bearish stochastic but Macd crossing abv o-level; important to cross/fill the gap.
====================================== STI bearish below 20MA >SUP:3000/2960/2910 >RES:3050/3120/3180 >price down, volume down=> bear losing momentum (bull await to return) >FA: election around the corner May/June => STI may bottome up end-March ====================================== Indices trading -EWS (NY listed S'pore Index) - trading nite time only -EWJ -EWH ======================================= SembMar, KepCorp - watch out for breakout DBS - due to rebound, testing 50MA res, watch out for 4g1r OCBC
04-04-2011 08:02:13 April 4 (Reuters) - Singapore stocks are likely to open higher as strong U.S. jobs data is set to provide fresh momentum to Asian equity and commodity markets in the new quarter.
Singapore's Keppel Corp , the world's largest oil rig builder, may be in focus after it said that Jasper Investments had exercised an option to order a second jackup rig worth $180 million.
---MARKET SNAPSHOT @ 2349 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 <.SPX> 1332.41 0.5% 6.580 USD/JPY 84.26 0.14% 0.120 10-YR US TSY YLD 3.4496 -- 0.000 SPOT GOLD 1430.29 0.16% 2.310 US CRUDE 108.37 0.40% 0.430 DOW JONES <.DJI> 12376.72 0.46% 56.99 ASIA ADRS <.BKAS> 140.30 0.72% 1.00 -------------------------------------------------------------
> Wall St gains on job growth; earnings next hurdle [.N] > U.S. rates markets will focus on ECB decision [US/] > Euro extends gains; yen broadly weaker [USD/] > Gold slips on U.S. jobs data, Fed eyed [GOL/] > Oil rises to 2-1/2 yr peak on job rise, supply fear
Stocks and factors to watch: -
- CITYSPRING INFRASTRUCTURE TRUST - Au Yeung Fai, chief executive officer and executive director of CitySpring Infrastructure Management, which is the trustee manager, had resigned, CitySpring trust said in a statement. Chief Financial Officer Tong Yew Heng will be appointed acting CEO of the trustee manager.
-- PARKWAY LIFE REIT - which invests in healthcare assets, said on Friday that all of its 30 properties in Japan have not been structurally affected and continue to be in operation.
- Singapore-listed medical equipment firm LMA International said on Monday it had acquired Vitaid Ltd, a Canadian distributor of medical devices, for C$1.53 million ($1.6 million) as initial payment and then two deferred payments.
- Singapore's Ezion Holdings, which provides services to the offshore oil and gas industries, requested a trading halt on Monday pending announcement.
- Singapore's benchmark Straits Times Index <.FTSTI> rose 0.47 percent on Friday to 3,120.47 points.
- The Dow Jones industrial average <.DJI> gained 0.46 percent to finish at 12,376.72. The Standard & Poor's 500 Index <.SPX> advanced 0.50 percent to 1,332.41. The Nasdaq Composite Index <.IXIC> was 0.31 percent higher at 2,789.60.
31-03-2011 08:45:18 (tradingCentral.com) Fraser & Neave ST: our next up target stands at 6.62 Click here to see our chart: http://www.tradingcentral.com/chart/FNNSGD110331024342.gif
Our pivot point stands at 5.54. Our preference: our next up target stands at 6.62.
Comment: the RSI is above its neutrality area at 50. The MACD is negative andabove its signal line. The MACD must break above its zero level to triggerfurther gains. Moreover, the stock is trading above both its 20 and 50 day MA(standing respectively at 5.64 and 5.93).
Supports and resistances: 6.83 *6.62 **6.415.93 last5.685.54 **5.2 *5.-------------
31-03-2011 08:23:28 Singapore May rise on strong US data; Sembcorp Marine, Infinio in focus
Mar 31 (Reuters) - Singapore shares are set to climb higher on Thursday following gains in U.S. equity markets overnight, as strong data helped boost confidence that the global economic outlook is improving.
Sembcorp Marine may be in focus after it said its unit Sembawang Shipyard signed a long-term alliance contract with Canada's Teekay Marine Services to provide ship-repair, refurbishment and marine services for its ships.
---MARKET SNAPSHOT @ 0007 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 <.SPX> 1328.26 0.67% 8.820 USD/JPY 83.13 0.28% 0.230 10-YR US TSY YLD 3.4386 -- -0.006 SPOT GOLD 1421.45 -0.14% -1.930 US CRUDE 104.35 0.08% 0.080 DOW JONES <.DJI> 12350.61 0.58% 71.60 ASIA ADRS <.BKAS> 139.37 1.18% 1.63 -------------------------------------------------------------
> Wall St rides winners as quarter winds down. Treasury yields likely stable ahead of payrolls
> Euro gains on interest rate outlook, yen struggles. Gold rises along with equities, risk appetite up. Oil slips on inventory rise, supply threats support.
Stocks and factors to watch: -
- INFINIO GROUP - Technology firm Infinio Group said it will acquire agriculture firm Ephraim in a reverse takeover deal worth S$381 million, after which Ephraim will own 93 percent of Infinio.
- ASCENDAS REAL ESTATE INVESTMENT TRUST - said it has agreed to buy a commercial property in Singapore for S$125.6 million. It also said its overall portfolio saw a revaluation gain of S$307.6 million.
- RAMBA ENERGY - Oil and gas firm Ramba Energy said on Wednesday it had won a marine logistics services contract worth about S$10 million to support the installation of an offshore gas processing platform in Southeast Asia.
- TIANJIN ZHONG XIN PHARMACEUTICAL - said its full year net profit rose 9 percent to 293.3 million yuan from 269.7 million yuan a year earlier, helped by higher sales from its industrial and commercial businesses.
- SAIZEN REIT -has agreed to sell a property with residential and commercial units in Japan to a private investor for 201 million yen ($2.4 million).
- Singapore's Straits Times Index gained 1.26 percent on Wednesday to 3,095.32 points. The Dow Jones industrial average <.DJI> rose 0.58 percent to 12,350.61. The Standard & Poor's 500 Index <.SPX> climbed 0.67 percent to 1,328.26. The Nasdaq Composite Index rose 0.72 percent to 2,776.79.
(Reuters) Singapore shares may open lower on Tuesday, weighed by losses on Wall Street overnight, as concerns about Japan’s nuclear crisis and unrest in the Middle East keep investors on the sidelines. Singapore’s benchmark Straits Times Index fell 0.44% on Monday to 3,057.38 points. Here are some stocks and factors to watch:
Singapore’s Sembcorp Marine (SCMN.SI), the world’s second largest rig builder, may be in focus after it said its Jurong Shipyard unit has signed two contracts worth a total of $427.6 million ($540 million) to build two jackup rigs for Noble Corp (NE.N).
Property developers: Singapore home prices have stabilised since the government introduced new measures to cool the market in January, the Straits Times reported, citing reports from the National University of Singapore, CB Richard Ellis and DTZ. The exception was freehold landed homes in prime areas, whose prices rose 2.2% during the first quarter, according to DTZ.
Mar 28: 28-03-2011 14:04:14 Singapore Hot Stocks-CapitaMalls Asia down after dual listing plans (Reuters) - Shares of Singapore's shopping mall developer CapitaMalls Asia fell as much as 2.8 percent on Monday as investors took profit on news it was planning to seek a secondary listing in Hong Kong, traders said.
CapitaMalls Asia said on Monday it is planning to dual list in Hong Kong to bolster its expansion plans in China, but sees no immediate need to raise fresh capital. "There's some profit-taking after the news was announced as its shares had already risen quite a bit on Friday. Weaker overall market conditions have also hurt its sentiment, although this dual listing plan is positive for the company," said a local trader.
March 25 Weekend Review The STI at 3,070 is a shade below its 200-day moving average of 3,076 which is still rising. Immediate support is at the psychological 3,000 level. 25-03-2011 10:20:08 Singapore Hot Stocks-F&N up on hospitality arm's expansion plan March 25 (Reuters) - Shares of Fraser and Neave rose as much as 2.7 percent on Friday after it said its serviced residences arm will add 25 new properties over the next two years. At 0214 GMT, F&N shares were up 2.5 percent at S$5.70 on a volume of 1.3 million shares.
"The company is increasing its investment in the hospitality arm and this may translate into higher earnings," said a trader at a Singapore brokerage firm.
25-03-2011 08:41:39 March 25 (Reuters) - Singapore stocks may open higher on Friday as global markets gained amid improved appetite for risk. ST Engineering may be in focus after it said Louis Dreyfus Armateurs (LDA) had asked the Singapore firm's marine arm, ST Marine, to refund around S$129 million ($102.3 million) plus interest following LDA's second termination notice of a shipbuilding contract for a passenger ferry.
--MARKET SNAPSHOT @ 2357 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 <.SPX> 1309.66 0.93% 12.120 USD/JPY 81.01 0.04% 0.030 10-YR US TSY YLD 3.4074 -- 0.000 SPOT GOLD 1431.19 0.12% 1.700 US CRUDE 105.39 -0.20% -0.210 DOW JONES <.DJI> 12170.56 0.70% 84.54 ASIA ADRS <.BKAS> 138.95 0.56% 0.77 ------------------------------------------------------------- > Earnings hope lifts stocks, S&P above key resistance [.N] > Traders poised to cash in on curve-flatteners [US/] > EU summit optimism pushes euro higher vs dollar [USD/] > Gold retreats after record on technical selling [GOL/] > Oil steady, market eyes Libya, Mideast .
Stocks and factors to watch: -
- FRASER AND NEAVE - Fraser and Neave, a Singapore-listed consumer and property conglomerate, said on Thursday its hospitality arm will add 25 new properties, bringing the portfolio under its management to 64 properties across 37 cities, by the end of 2012.
- CHINA GAOXIAN - Singapore-listed Chinese textile supplier China Gaoxian said on Thursday its auditors could not verify nor confirm the bank balances in its subsidiaries. The firm has requested a trading suspension with effect from Friday.
- UNIONMET (SINGAPORE) - Singapore-listed metals trader Unionmet said on Thursday it will report a loss for the first quarter ended Feb 28, 2011, mainly due to lower sales of indium and zinc related products.
- Straits Times Index <.FTSTI> rose 0.69 percent on Thursday to 3,043.03 points. The Dow Jones industrial average <.DJI> gained 0.70 percent to finish at 12,170.56. The Standard & Poor's 500 Index <.SPX> advanced 0.93 percent to 1,309.66. The Nasdaq Composite Index <.IXIC> was 1.41 percent higher at 2,736.42.
22 Mar: SGX: Shares rise after media reports on merger.Singapore Exchange (SGX) shares rose 4% following media reports that the Australian government was expected to reject the proposed merger between the Australian Stock Exchnage (ASX) and SGX. The S$10.7b deal is currently under review by the Foreign Investment Review Board (FIRB), following which backing from Australia's Treasurer Wayne Swan and the Reserve Bank of Australia and parliamentary approval have to be secured. (Source: The Business Times) 22-03-2011 07:53:36 Singapore Stocks-May rise on US, Japan; Sembcorp Marine in focus
Mar 22 (Reuters) - Singapore shares are likely to rise on Tuesday following gains on Wall Street overnight and as reports that Japan was regaining control of a crippled nuclear plant boost risk appetite.
Sembcorp Marine , the world's second largest oil rig builder, may be in focus after it said on Monday its subsidiary Jurong Shipyard had secured an order worth $450 million from Seadrill to build a jack-up rig.
---MARKET SNAPSHOT @ 2348 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 <.SPX> 1298.38 1.5% 19.180 USD/JPY 81.25 0.16% 0.130 10-YR US TSY YLD 3.3263 -- 0.000, SPOT GOLD 1426.5 0.10% 1.450, US CRUDE 102.47 0.14% 0.140, DOW JONES <.DJI> 12036.53 1.50% 178.01 ASIA ADRS <.BKAS> 137.65 1.89% 2.55 -------------------------------------------------------------
> AT&T's big deal lifts Wall Street [.N] > Treasury traders not yet willing to take bold stand [US/] > Dollar on the skids; intervention risks curb yen [USD/]
> Gold gains on dollar drop, oil rise, geopolitics [GOL/] > Oil lifted by Mideast unrest, Libya conflict
>Stocks and factors to watch: -
- NOBLE GROUP - Singapore-listed Hong Kong commodities firm Noble Group said on Monday its founder and non-executive chairman Richard Elman will become chairman and executive director with immediate effect.
- K-REIT ASIA - a unit of property developer Keppel Land , said on Monday it plans to acquire four office levels in the city-state's Prudential Tower for around S$125.1 million ($98 million).
- MAPLETREE COMMERCIAL REIT - said it is not at a stage of making any announcement about its planned commercial property trust that is expected to raise about S$1 billion ($785 million), in yet another sign that the IPO market has stalled.
- Singapore's benchmark Straits Times Index <.FTSTI> rose 1.63 percent on Monday to 2,983.51 points.
-The Dow Jones industrial average <.DJI> gained 1.5 percent to 12,036.53. The Standard & Poor's 500 Index <.SPX> rose 1.5 percent to 1,298.38. The Nasdaq Composite Index <.IXIC> climbed 1.83 percent to 2,692.09.
17-03-2011 18:06:12 SE Asia Stocks-Lower due to Japanese crisis but volume light - as Japanese nuclear fears grow. Major indexes retreat after Wednesday's mild rebound.
BANGKOK, March 17 (Reuters) - Southeast Asian stock markets pulled lower in light volume on Thursday as investors sold across the board in response to Japan's worsening nuclear crisis.
Unrest in the Middle East and weak U.S. housing data added to worries about the global economy after the earthquake that hit Japan last week, damaging a nuclear power plant in Fukushima, north of Tokyo.
Turnover in most of the region's markets fell below the 30-day average, with Malaysia and Thailand trading at just two-thirds of their average .
"The weak sentiment today was more of a psychological effect of the Japanese nuclear crisis. Fundamentally, the potential impact could be quite limited to certain sectors. Above all, we think it's an opportunity to pick blue chips," said a head of investment advisory at broker Thanachart Securities.
The unfolding disaster in Japan has sent fear through markets. Shares in Japan and elsewhere in Asia fell on Thursday after U.S. officials said the risk of a catastrophic radiation leak from the nuclear plant was rising.
The MSCI index of Asia Pacific shares outside Japan was down 0.8 percent by 0907 GMT and the MSCI index of emerging market stocks <.MSCIEF> 0.63 percent. Indexes in Singapore <.FTSTI>, Malaysia <.KLSE>, Thailand <.SETI> and Indonesia <.JKSE> reversed Wednesday's gains.
>Singapore Telecommunications dropped 2.1 percent and CapitaLand lost 1.6 percent among weak blue chips.
- Analysts attributed the bearish sentiment in Singapore to weak U.S. housing data, with housing starts tumbling 22.5 percent last month to an annual rate of 479,000 units, just shy of a record low set in April 2009 and way below economists' expectations for 570,000 units.
17-03-2011 08:04:12 March 17 (Reuters) - Singapore stocks may skid lower on Thursday after Australian shares dropped 1.5 percent as fears about Japan's nuclear crisis undermine investor confidence, adding to worries arising from the escalating turmoil in Libya and Bahrain.
+) Citigroup said the immediate reaction of the Japanese stock market may be overdone, adding that it remains overweight on Japanese equities due to low valuations and prospects for future recovery.
---MARKET SNAPSHOT @ 2355 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 <.SPX> 1256.88 -1.95% -24.990 USD/JPY 79.16 1.93% 1.500 10-YR US TSY YLD 3.2044 -- 0.000 SPOT GOLD 1387.59 -0.84% -11.710 US CRUDE 97.27 -0.72% -0.690 DOW JONES <.DJI> 11613.30 -2.04% -242.12 ASIA ADRS <.BKAS> 131.04 -2.70% -3.64 -------------------------------------------------------------
> S&P, Nasdaq negative for 2011 on Japan nuclear fears [.N] > Japan's nuclear crisis fuels bids for US bonds [US/] > Yen surges to all-time high in chaotic trade [USD/] > Gold rises but Wall St sell-off, Japan weigh [GOL/] > Oil rises 2 pct on Mideast fears, eyes Japan [O/R]
>Stocks and factors to watch: -
- ABTERRA - Singapore-listed coal and iron ore trader Abterra said on Wednesday it plans to acquire a 55.22 percent stake in Zuoquan Xinrui Metallurgy Mine, which produces iron ore, for 883.52 million yuan ($134.4 million).
- BOUSTEAD SINGAPORE - Boustead Singapore, which provides engineering services and develops industrial facilities, said on Wednesday its subsidiary had won a S$55 million ($42.9 million) contract from SDV Logistics for a logistics facility in the city state.
- OCEANUS GROUP - Singapore abalone breeding firm Oceanus said on Wednesday it had appointed Yap Siew Khim as its chief financial officer. She was the CFO of Springboard-Harper Investment, a Singapore-based venture capital fund.
- FASTUBE LIMITED - Steel pipes firm Fastube said on Wednesday it plans a S$146 million reverse takeover deal with Atlantic Navigation Holdings, which provides services to the offshore industry.
- Straits Times Index <.FTSTI> rose 0.85 percent on Wednesday to 2,971.00 points. Dow Jones industrial average <.DJI> fell 2.04 percent to finish at 11,613.30. The Standard & Poor's 500 Index <.SPX> retreated 1.95 percent to 1,256.88. The Nasdaq Composite Index <.IXIC> lost 1.89 percent to 2,616.82.
Crude palm oil futures on Malaysia’s derivatives exchange ended off lows Wednesday as regional equities and e-CBOT soyoil rebounded from losses on geopolitical risks related to tensions in the Middle East and Japan’s earthquake. Improving sentiment may bring spillover buying interest in palm oil because the discount to rival soyoil has widened to $96 a [...]
16Mar Corporate News
Straits Times Index
FSSTI index slumps 2.8% on Japan’s nuclear fallout - to 2,946.1 after the situation in Japan’s Fukushima Daiichi nuclear reactor spiralled out of control.
Keppel Corp announced that Japan Drilling Co. ordered a drilling rig to be delivered in Mar 13, with the contract amounting to US$210m. The broader market saw 59 gainers and 610 losers, with trading value of S$2.42b.
The US markets also closed weaker amid the disaster in Japan with the DJIA down 1.2% to 11,855.4 and the S&P 500 index down 1.1% to 1,281.9. General Electric fell 1.6% over concerns about the company’s involvement in the design of the Fukushima Daiichi reactors. Economic news showed that New York manufacturing activity continued to expand in March, with more businesses raising prices in the face of mounting inflationary pressures.
Keppel Corp: Subsidiary wins US$210 deal. Keppel Fels, has bagged a US$210m contract to build a KFELS Super B Class jack-up rig for Japan Drilling Company. The rig is scheduled for delivery in the first quarter of 2013. This contract is not expected to have any material impact on the net tangible assets or earnings per share for the current financial year. (Source: The Business Times)
Keppel Land: Bids highest for Sengkang site. Keppel Land is close to snagging a private condominium site by putting in the highest bid of S$286.8m or S$502 psf ppr when the tender closed yesterday. The bid narrowly beat a bid from a consortium formed by a unit of City Developments Ltd, a unit of Singapore’s Hong Leong Group and TID Residential Pte Ltd. The consortium’s bid was S$274.4m or S$480 psf ppr, 4.3% less than Keppel Land’s. (Source: The Business Times)
15-03-2011 13:09:08 Singapore Stocks-Plunge on Japan worries. GLP, Saizen REIT shares fall around 7 pct each. Analyst says selloff offers buying opportunity
>March 15 (Reuters) - Singapore shares plunged nearly 3 percent at midday on Tuesday to their lowest level since August 2010, after a fresh explosion at Japan's quake-stricken nuclear power complex triggered a sharp sell-off in the regional stock markets.
By the midday break, STI was down 2.86 percent, or 86.76 points, at 2,944.10. The total value of shares traded in the first half of trade was S$1.56 billion, more than three times the S$494.4 million that exchanged hands by midday on Monday.
Japanese shares <.N225> slumped more than 14 percent, dragging down most other Asian markets. The MSCI index of Asia-Pacific stocks outside Japan <.MIAPJ0000PUS> retreated 3.5 percent.
There may be further downside in the afternoon, but support may kick in at around 2,900-2,915 points, said a technical analyst.
15-03-2011 08:06:52 Concern with Japan; property, resource stocks in focus March 15 (Reuters) - Singapore stocks may open lower on Tuesday as investors remain wary of the extent of further losses resulting from Japan's deadly earthquake and tsunami as well as problems at the country's damaged nuclear facilities.
DBS Vickers said Singapore-listed property companies and trusts such as Global Logistic Properties and Fraser Commercial Trust could be hit because of their Japanese assets. But coal suppliers such as Noble Group will benefit from higher demand if Japan's nuclear power plants are incapacitated.
---MARKET SNAPSHOT @ 2346 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 <.SPX> 1296.39 -0.6% -7.890 USD/JPY 81.82 0.18% 0.150 10-YR US TSY YLD 3.3655 -- 0.000 SPOT GOLD 1425.36 -0.09% -1.290 US CRUDE 101.4 0.21% 0.210 DOW JONES <.DJI> 11993.16 -0.43% -51.24 ASIA ADRS <.BKAS> 136.17 -2.48% -3.47 -------------------------------------------------------------
> Japan hurts markets, but selling could wane. Japan disaster may not curb US government debt demand. Yen eyes record high on repatriation; FOMC ahead.
> Gold rises on Japan's crisis, FX market in focus. Oil ends flat, trade thin; Japan, Mideast eyed
Stocks and factors to watch: -
- FRASERS COMMERCIAL TRUST said on Monday that all three properties it owns in Tokyo and Osaka are intact with minimal damage, adding that the estimated cost of repairs is around S$20,000.
- Saizen REIT said on Monday all six properties in Morioka and Koriyama, and eight out of 22 in Sendai appear to have sustained minor damage and are not in imminent danger of collapse. But the firm said the full extent of the damage can only be determined after more detailed assessments.
- UNI-ASIA FINANCE CORP - Uni-Asia Finance Corporation said on Monday there have been no disruptions to the operations of its 13 hotels in Japan and none of its vessels was stationed at or operating near the country, except for one which is currently under construction in Onomichi, Hiroshima prefecture. - ROKKO HOLDINGS - Precision engineering firm Rokko Holdings said on Monday the disruption caused by the earthquake in Japan could affect some delivery schedules of its equipment business in the short term, but the firm has enough components and raw materials to fulfill its current orders. - CACHE LOGISTICS TRUST - which owns warehouses in Singapore, said on Monday it will acquire two properties in the city-state for around S$39.8 million ($31.4 million), which will raise its total assets under management to S$783.9 million.
>Straits Times Index <.FTSTI> fell 0.41 percent on Monday to 3,030.86 points. DJI lost 0.43 percent to finish at 11,993.16. Standard & Poor's 500 Index <.SPX> retreated 0.60 percent to 1,296.39. The Nasdaq Composite Index fell 0.54 percent to 2,700.97.
10-03-2011 13:15:35 Singapore Stocks-Pulled down at midday by commodities on demand fears * Index down 0.5 percent; 3,060-3,100 pts eyed * Passion Holdings surges on privatisation offer. >(Reuters) - Commodity stocks dragged the Singapore market down at midday as the high oil prices fuelled worries about the global economic growth. The worst hit large cap commodity stock was Noble , which was down as much as 3 percent. A recent placement of Noble shares at a discount further accelerated the selloff.
10-03-2011 08:09:11 March 10 (Reuters) - Singapore stocks may struggle on Thursday as oil prices resumed their upward climb, raising concerns that inflationary pressures will hurt economic growth. Singapore Airlines said it was raising fuel surcharges for tickets issued on or after March 17 in response to a rise in jet fuel prices to their highest level in two years.
----MARKET SNAPSHOT @ 2349 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 <.SPX> 1320.02 -0.14% -1.800 USD/JPY 82.8 0.08% 0.070 10-YR US TSY YLD 3.4694 -- 0.000 SPOT GOLD 1430.09 0.09% 1.300 US CRUDE 104.45 0.07% 0.070 DOW JONES <.DJI> 12213.09 -0.01% -1.29 ASIA ADRS <.BKAS> 143.87 -0.48% -0.69 -------------------------------------------------------------
> Chip sector losses hit Nasdaq; IBM supports Dow. PIMCO's loss may eventually be Treasuries' gain [US/] > Euro treads water; market wary about debt issues [USD/] > Gold pares gains; Mideast, euro zone worry support [GOL/] > Brent crude rises on fierce battles in Libya
>Stocks and factors to watch: -
- CAPITALAND - said on Wednesday its subsidiaries will acquire four joint venture companies which own sites in various cities in India for around S$38.5 million ($30.4 million).
- CWT - Singapore logistics company CWT Limited said on Wednesday it had not been approached to sell its business to Glencore, the world's largest commodity trader .
- PASSION HOLDINGS - a Singapore-listed Chinese handicrafts and furnishings maker, said on Wednesday it had received an offer to take it private at S$0.26 per share from Decorative Arts Holdings.
- STAMFORD TYRES - said on Wednesday its third quarter net profit rose 25.6 percent to S$2.9 million from a year earlier mainly due to higher sales of tyres.
- Straits Times Index was down 0.35 percent on Wednesday to 3,092.90 points. The Dow Jones industrial average <.DJI> edged 0.01 percent lower to finish at 12,213.09. The Standard & Poor's 500 Index <.SPX> retreated 0.14 percent to 1,320,02. The Nasdaq Composite Index <.IXIC> fell 0.51 percent to 2,751.72.
08-03-2011 08:19:56 Singapore Stocks-May head lower amid oil jitters Mar 8 (Reuters) - Singapore shares may open lower on Tuesday after Wall Street fell overnight as violence in Libya and uncertainty over higher oil prices are set to drive volatility in the markets in the near term. Water treatment firm Hyflux said it has been chosen as the preferred bidder to build and run the city state's largest-ever desalination plant, worth a total of S$890 million.
----MARKET SNAPSHOT @ 0005 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 <.SPX> 1310.13 -0.83% -11.020 USD/JPY 82.26 0.05% 0.040 10-YR US TSY YLD 3.5179 -- 0.002 SPOT GOLD 1430.65 -0.01% -0.090 US CRUDE 104.95 -0.46% -0.490 DOW JONES <.DJI> 12090.03 -0.66% -79.85 ASIA ADRS <.BKAS> 143.29 -1.42% -2.06 -------------------------------------------------------------
> Wall Street drops as tech teeters > Longer-dated bonds dip ahead of auctions > Euro regroups after rally stalls; dollar off lows > Gold retreats from record as oil off highs > Oil drops after early rally, Brent premium unwinds .
> DJI fell 0.66 percent to 12,090.03. The Standard & Poor's 500 Index <.SPX> retreated 0.83 percent to 1,310.13. The Nasdaq Composite Index <.IXIC> lost 1.4 percent at 2,745.63.
> Straits Times Index gained 0.17 percent on Monday at 3,066.52 points. Stocks and factors to watch:
- KEPPEL CORP - the world's largest oil-rig builder, said on Monday it has won a contract worth around $195 million from Mexico's Perforadora Central SA de CV to build a new jack-up rig.
- NEPTUNE ORIENT LINES - said on Monday its container shipping volumes for the six weeks to Feb 11 rose five percent from a year ago, helped by higher traffic on the intra-Asia and Asia-Europe routes.
07-03-2011 08:05:36 Mar 7 (Reuters) - Singapore shares may be affected on Monday as escalating violence in Libya sent oil prices higher and worries that tensions will spread to the rest of the region kept investors away from riskier assets.
Wastewater treatment firm Sinomem Technology said a private equity firm has offered to buy over the company for a total of S$351.2 million, or at S$0.70 a share.
--MARKET SNAPSHOT @ 2355 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 <.SPX> 1321.15 -0.74% -9.820 USD/JPY 82.32 0.06% 0.050 10-YR US TSY YLD 3.4937 -- 0.000 SPOT GOLD 1434.89 0.21% 2.940 US CRUDE 105.01 0.57% 0.590 DOW JONES <.DJI> 12169.88 -0.72% -88.32 ASIA ADRS <.BKAS> 145.35 -0.57% -0.83 -------------------------------------------------------------
> Wall St ends the week flat as oil prices weigh > Rates risk spike if debt sales rise before QE end > US dollar seen lower next week after jobs data > Gold gains 1 pct, silver jumps on oil rally, Libya > Oil jumps as Libya clashes intensify; Mideast worry
Stocks and factors to watch: -- PERENNIAL CHINA - Perennial China Retail Trust said on Saturday it has decided to defer its S$1.1 billion ($861 million) initial public offering in Singapore due to unfavourable market conditions.
- BEYONICS TECHNOLOGY - said it expects to report a loss for the second quarter due to a weakening U.S. dollar and lower shipments and average selling prices to its customers in the hard disk drive industry.
- Straits Times Index <.FTSTI> rose 0.79 percent on Friday to 3,061.31 points.
- The Dow Jones industrial average <.DJI> lost 0.72 percent at 12,169.88. The Standard & Poor's 500 Index <.SPX> retreated 0.74 percent to 1,321.15. The Nasdaq Composite Index fell 0.50 percent to 2,784.67.
Friday, 04 March 2011 12:02 (Dow Jones & Co)
Genting ripe to break $2.00, test $2.10
Genting Singapore (G13.SG) is up 1.0% at $1.97, (in line with the STI’s 1.2% gain) and edging close to the $2.00 level, with 33.8 million shares traded. AmFraser technical analyst N. Jarhom says for six days the stock has been below the “key $2.00 support, the longest stretch since it first touched $2.00 on September 13 last year, and with the $1.88-$1.92 support holding up well, it is about time to regain $2.00” as the support.
04-03-2011 08:16:46 Mar 4 (Reuters) - Singapore shares are likely to rise on Friday following a rally on Wall Street overnight as oil prices retreated amid hopes that the Libyan crisis can be resolved. >Noble Group may be in focus after saying that it plans to place 306.5 million shares at S$2.07 each, representing a 5 percent discount to its closing price of S$2.18 on Thursday. ---MARKET SNAPSHOT @ 2357 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 <.SPX> 1330.97 1.72% 22.530 USD/JPY 82.38 -0.04% -0.030 10-YR US TSY YLD 3.5554 -- 0.000 SPOT GOLD 1413.71 -0.13% -1.880 US CRUDE 101.83 -0.08% -0.080 DOW JONES <.DJI> 12258.20 1.59% 191.40 ASIA ADRS <.BKAS> 146.18 1.14% 1.65 ------------------------------------------------------------- > Jobs data optimism fuels Wall St rally. Strong payrolls could send rates to higher range. Euro holds huge gains. > Gold falls 1.5 pct on ECB rate talk, peace plan; Oil falls on profit taking, Libya peace plan eyed. > Stocks and factors to watch: - - WILMAR INTERNATIONAL - plans to enter Indonesia's consumer flour market, possibly in 2012, which will intensify competition in the country, sources familiar with the plan told Reuters.
- HONGKONG LAND - said its full year net profit more than doubled to $4.74 billion, up from S$1.81 billion a year earlier, helped by higher contribution from residential projects and fair value gains.
- A substantial shareholder of Jackspeed, which makes leather trims for automotive seats, said it has offered to buy up the 54 percent of the company he does not already own for S$0.103 a share.
- STI rose 0.33 percent on Thursday to 3,037.35 points. The Dow Jones industrial average rose 1.59 percent to 12,258.20. The Standard & Poor's 500 Index gained 1.72 percent to 1,330.97. The Nasdaq Composite Index climbed 1.84 percent to 2,798.74.
03-03-2011 08:18:06 Concern with Middle East; Keppel, Dyna-Mac in focus Mar 2 (Reuters) - Singapore shares could head lower on Thursday, as violence in the Middle East and higher oil prices keep investors cautious about riskier assets such as stocks and drive safe haven gold to a record high. Shares of Keppel Corp and offshore oil and gas services firm Dyna-Mac said that Keppel's offshore & marine unit has invested S$87.5 million in a 27.8 percent stake in Dyna-Mac through an equity placement.
---MARKET SNAPSHOT @ 0000 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 <.SPX> 1308.44 0.16% 2.110 USD/JPY 81.82 -0.04% -0.030 10-YR US TSY YLD 3.4715 -- 0.000 SPOT GOLD 1432.56 -0.13% -1.930 US CRUDE 102.77 0.53% 0.530 DOW JONES <.DJI> 12066.80 0.07% 8.78 ASIA ADRS <.BKAS> 144.53 0.00% 0.00 -------------------------------------------------------------
> Wall Street edges up as economy trumps oil [.N] > Rising oil may send TIPS breakevens higher [US/] > Euro rallies with ECB meeting ahead; dollar weakens [USD/] > Gold ends flat after hitting record above $1,440 [GOL/] > Oil settles at 2-1/2 yr high on Libya violence [O/R] Stocks and factors to watch: -
- SINGAPORE EXCHANGE - Australia's corporate watchdog is expected to announce on Thursday that it will allow new competition in the country's stock exchange market by October, newspapers said. This could end a two-decade monopoly for Australian bourse operator ASX Ltd . Singapore Exchange has made a $7.7 billion bid for ASX.
- CAMBRIDGE INDUSTRIAL TRUST - which owns industrial properties, said its trustee has increased its acquisition term loan facility to S$120 million from S$50 million previously. About S$24.4 million has been drawn from the facility as of Tuesday.
- Alcohol producer Dukang Distillers said it expects to raise T$1.21 billion through issuing 65 million new shares as part of its proposed listing of Taiwan depository receipts (TDR) on the Taiwan stock exchange. It plans to sell each TDR at T$18.65 a piece.
> Straits Times Index fell 1.31 percent on Wednesday to 3,027.51 points. The Dow Jones industrial average rose 0.07 percent to 12,066.80. The Standard & Poor's 500 Index gained 0.16 percent to 1,308.44 and the Nasdaq Composite Index rose 0.39 percent to 2,748.07.
02-03-2011 08:12:33 March 2 (Reuters) - Singapore shares concern with the political situation in the Middle East and North Africa boosted oil prices and prompted investors to sell risky assets, such as stocks.
---MARKET SNAPSHOT @ 2348 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 <.SPX> 1306.33 -1.57% -20.890 USD/JPY 81.91 0.11% 0.090 10-YR US TSY YLD 3.4032 -- 0.000 SPOT GOLD 1433.16 -0.04% -0.540 US CRUDE 100.3 0.67% 0.670 DOW JONES <.DJI> 12058.02 -1.38% -168.32 ASIA ADRS <.BKAS> 144.53 -0.51% -0.74 -------------------------------------------------------------
> Oil price fuels Wall Street selling [.N] > China seen as risk as holdings surpass $1 trillion [US/] > Dollar given a respite as euro stalls; ECB eyed [USD/] > Gold surges to record on Libya, political unrest [GOL/] > Oil surges $5 on fears unrest may reach Saudi, Iran
>Stocks and factors to watch: -
- SINGAPORE EXCHANGE - The head of the Singapore Exchange drew a line under his $7.7 billion bid for Australian bourse operator ASX Ltd , saying on Tuesday he did not plan any further concessions to win approval for the deal.
- YANGZIJIANG SHIPBUILDING - said on Tuesday it had acquired an additional 40 percent equity interest in Jiangsu Xinfu Shipbuilding for $57.15 million. Yangzijiang now has 60 percent in the firm.
- CDL HOSPITALITY TRUST - said on Wednesday it plans to acquire Studio M Hotel in Singapore for S$154 million to tap into the city-state's strong hospitality market.
- TECHNICS OIL AND GAS - said on Tuesday that its subsidiary Norr Systems has been awarded turnkey construction and service contracts worth S$22.8 million ($17.9 million).
- Yanlord Land said its Q4 net profit rose 51 percent to 825.4 million yuan ($125.6 million) from a year earlier, partly helped by higher average selling prices.
> STI was up 1.9 percent on Tuesday to 3,067.60 points. The Dow Jones industrial average lost 1.38 percent to finish at 12,058.02.
28-02-2011 08:25:55 February 28 (Reuters) - Singapore shares may open higher on Monday after Wall Street bounced back from a three-day sell-off as oil prices stabilised, but concerns Libya's turmoil may spread could keep gains in check. CapitaMall Trust may be in focus after it said on Monday it had entered an agreement to buy a shopping mall in Singapore, Iluma, for S$295 million ($231 million).
-----MARKET SNAPSHOT @ 0003 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 <.SPX> 1319.88 1.06% 13.780 USD/JPY 81.63 -0.06% -0.050 10-YR US TSY YLD 3.4143 -- -0.002 SPOT GOLD 1414.15 0.35% 5.000 US CRUDE 99.6 1.76% 1.700 DOW JONES <.DJI> 12130.45 0.51% 61.95 ASIA ADRS <.BKAS> 144.25 1.49% 2.12 -------------------------------------------------------------
> Wall St rebounds from sell-off, but down for week > US bonds rise, rally seen likely extending > MidEast fears to lift Swiss franc > Gold posts 4th straight weekly gain on oil, unrest > U.S. crude rises more than $1 to $99.08 .
>Stocks and factors to watch: -
- SEMBCORP INDUSTRIES - Singapore energy, water, and marine group Sembcorp Industries said on Friday its fourth quarter net profit fell 12 percent to S$228.7 million from a year earlier mainly due to weaker performance from marine and utilities.
- YING LI INTERNATIONAL - Chinese real estate developer said its fourth quarter net profit surged more than four times to 256 million yuan, from 62.4 million yuan a year ago, helped by higher fair value gains on its investment properties.
- CHINA HONGXING , HONGWEI - Two Singapore listed companies, China Hongxing and Hongwei Technologies, have requested the suspension of trading in their shares as their auditor, Ernst and Young, could not finalise the audit of their financial statements due to irregularities in their cash and bank balances. Both firms are seeking an extension to the March 1 deadline for releasing their full year earnings.
- CHINA XLX FERTILISER - said its full year net profit rose 21 percent to 144.6 million yuan, helped by higher average selling prices for methanol and an increase in sales of compound fertiliser.
- Straits Times Index rose 1.75 percent on Friday to 3,025.16 points. The Dow Jones industrial average gained 0.51 percent to 12,130.45. The Standard & Poor's 500 Index climbed 1.06 percent to 1,319.88. The Nasdaq Composite Index rose 1.58 percent to 2,781.05.
