Tuesday, March 1, 2011

Market Update Mar 2011

Market Update Mar 2011

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.

30 March 2011 (PalmOilHQ.com)

Tuesday, 29 March 2011 08:08

(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.

16 Mar 2011 03:59 AM PDT

Crude Palm Oil Off Lows As Regional Equities, Commodities Rebound

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)

3月 16日星期三 雅虎香港

市前分析 (鄺民彬): 受日本核洩危機加劇影響，港股週二急挫667點

市場憂慮日本核洩危機加劇，令外圍股市氣氛急轉直下，日本股市急挫10.6%，拖累港股週二出現恐慌性拋售，恒指最多急挫逾1,000點，尾市跌幅收窄，全日收報22,678點，挫667點；國指跌330點，收報12,551點。大市成交額急升至1,093億元。日本核洩危機擴大，市場追捧核電以外的新能源股，其中，風電板塊受追捧，金風科技(2208)大升9.4%。保險股因大地震事故需作出賠償，表現疲弱，保誠(2378)及宏利(0945)分別跌3.6%及5.2%。平安保險(2318)突然配股集資194.5億元予單一股東，股價急挫6.1%。

美股跌幅收窄

日本地震所觸發的核幅射危機，拖累美股早段急跌，道指週二初段曾下跌近300點。不過，聯儲局議後聲明，對未來美國經濟前景表示樂觀，支持美股跌幅收窄。道指和納指分別下跌138點(至11,855點)和34點(至2,667點)。另一方面，商品價格下跌，油價和金價分別下挫4%和2%。

預期恆指今天將於22,400點-22,900點之間上落

【13:00】2011年03月15日半日港股：內銀石油股領跌地產股災情重
【on.cc 專訊】日本輻射危機擴大，引發市場恐慌性拋售。承接日股跌勢，港股低開235點後跌幅擴大。踏入10時基金大舉拋售藍籌股，恆生指數在一小時內急瀉過千點，中午收市報22,449點，跌896點，跌幅3.84%。國企指數半日收報12,369點，跌513點，跌幅3.98%。主板半日成交增至609億元。

藍籌股全線下跌，匯控(00005)中午收市報80.85元，跌2.59%，已算跑贏大市；另一重磅股中移(00941)半日收報71.55元，跌3.7%，合共拖低恆指151點。明日公布業的騰訊(00700)亦捱沽，半日收報211元，跌5.8%，拖低恆指50點。平保(02318)以折讓12%的作價配售H股予周大福，今早復牌急跌6.67%，半日收報76.25元，跌6.67%，是表現最差的藍籌股。

拖低大市的還有內銀股及石油股，工行(01398)半日收報5.95元，跌3.88%；交行(03328)半日收報7.61元，跌3.67%；中行(03988)半日收報4.02元，跌3.6%；建行(00939)半日收報6.88元，跌3.1%，合共拖低恆指149點。中石油(00857)半日收報10.28元，跌4.99%；中海油(00883)半日收報17.16元，跌4.13%；中石化(00386)半日收報7.65元，跌3.65%，合共拖低恆指113點。

地產股災情亦嚴重，恆隆(00101)半日收報30.55元，跌6.57%；恒地(00012)半日收報46.25元，跌5.32%；信置(00083)半日收報13.08元，跌4.11%；新地(00016)半日收報117.2元，跌4.56%；長實(00001)半日收報117.6元，跌3.92%。

憂慮日本進口汽車零件缺貨，汽車股捱沽。比亞迪(01211)半日收報31.6元，跌8.67%；東風(00489)半日收報12.9元，跌4.16%；廣汽(02238)半日收報9.21元，跌6.02%；吉汽(00175)半日收報2.91元，跌5.83%；長汽(02333)半日收報12.14元，跌3.8%；華晨(01114)半日收報6.26元，跌3.99%。

日本核電廠爆炸引發輻射危機，核電相關股繼續捱沽。東方電氣(01072)曾跌12%，半日收報25.7元，跌8.05%；上海電氣(02727)半日收報3.76元，跌9.83%；哈動(01133)半日收報8.96元，跌3.66%。相反風電股逆市做好，金風科技(02208)半日收報13.28元，升2.79%；龍源(00916)半日收報7.2元，升1.69%，是唯一上升的國指成分股。

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.

2011年3月13日: 日本地震未震散美股, 道指倒升近60點港股ADR幾全升

【明報專訊】日本大地震「餘波」影響美股上周五早市表現，道指早段曾經跌近50點，一度失守12000點大關，但投資者很快便在找尋災後重建概念股，在工業股及資源股尾市走高下，道指最後倒升59.79點(圖)，收報12044點，港股於美國的預託證券(ADR)亦差不多全線反彈。

日本大地震於香港時間周五下午1時45分發生，即時對亞洲股市造成龐大衝擊，日、韓及香港市場均大瀉逾1%(見圖)。然而，地震對稍後歐洲股市的影響已陸續減少，對美股早市亦僅造成「短暫餘震」，美國三大指數最後皆轉跌為升，標普500指數升9.17點，收報1304.28點；納指升14.59點，收報 2715.61點。國會資產管理公司基金經理Peter Andersen指出，投資者並不認為地震會影響環球經濟增長，相反紛紛轉向尋找那些股份將會受惠於日本的災後重建，他預期經營重型機械公司將會是受惠板塊之一。

資金料轉投重建受惠股

周五單日升幅未能改變美股全周的跌勢，道指上周累跌逾1%，Oakbrook Investments交易主管Giri Cherukuri表示，美股今年已經累積了不少升幅，最近公布的美國貿赤超出預期，影響美股上周表現，同時顯示經濟復蘇未如市場預期般樂觀。

沙特局勢稍緩油價回落1.5%

在美國掛牌的港股ADR差不多全線比香港收市回升，其中資源股表現最好，中石化(0386)漲1.55%，中鋁(2600)及兗州煤(1171)分別升1%及1.85%。

地震除了波及股市外，亦左右商品價格走勢。由於日本是世界第三大耗油國，地震或影響當地煉油廠停產，紐約期油周五一度跌3.6%，創去年11月以來最大單日跌幅。但收市前跌幅收窄(圖)，紐約期油收報每桶101.16美元，跌1.5%。Schork Group分析員Hamza Khan表示，沙特阿伯拉政治局勢稍為緩和，亦是油價下跌的原因。

2011年3月12日 [07:05] 紐約股市反彈逾0.5%

美國紐約股市未受到日本地震的明顯衝擊，三大股指在前一交易日大跌後反彈逾0.5%。道瓊斯工業平均指數收報12044點，升60點.

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.

Monday, February 14, 2011

DIARY - SINGAPORE CORPORATE EVENTS TO MARCH 31

15-02-2011 13:47:54
DIARY - SINGAPORE EVENTS TO MARCH 31

Feb 15(Reuters) - Following is a diary of upcoming events in Singapore. Times have not been confirmed by Reuters.

For Singapore economic data, click on [SG/ECI] For Singapore earnings diary, click on [SG-DIARY-RES-RESF] All times are Singapore time, followed by GMT time in brackets.

TUESDAY, FEBRUARY 15 - 1300(0500GMT): Retail Sales for December 2010.

- 1700(0900GMT): Great Eastern Holdings Q4 earning results.

- 1700(0900GMT): Singapore Tech Engineering Q4 earning results.

WEDNESDAY, FEBRUARY 16 - 1000(0200GMT): Russian investment bank VTB Capital briefing on Asia-Pac operations by Andrey Solovyev, Global Head of DCM, and Judy Lim, Head of Singapore office.

- 1800(0900GMT): Neptune Orient Lines (US$) Q4 earning results.

THURSDAY, FEBRUARY 17 - 0800(0000GMT): GDP Final Q4 2010 and release of the Singapore Economy Survey.

- 1300(0500GMT): Non-Oil Domestic Exports for January.

- 1300(0500GMT): SINGAPORE-Las Vegas Sands opens ArtScience Museum at Singapore casino.

FRIDAY, FEBRUARY 18 - 1330(0530GMT): Parliament Budget Sitting.

- 1700(0900GMT): Oversea-Chinese Banking Corp Q4 earning results.

TUESDAY, FEBRUARY 22 - 1030(0230GMT): CapitaLand Ltd Q4 earning results.

- 1700(0900GMT): Cosco Corp (Singapore) Q4 earning results.

WEDNESDAY, FEBRUARY 23 - 1300(0500GMT): Consumer Price Index for January.

- 1700(0900GMT): SembCorp Marine Q4 earning results.

- 1700(0900GMT): Wilmar International Q4 earning results.

THURSDAY, FEBRUARY 24 - 1700(0900GMT): City Developments Q4 earning results.

FRIDAY, FEBRUARY 25 - 1300(0500GMT): Industrial Production for January.

- 1700(0900GMT): SembCorp Industries Q4 earning results.

- 1700(0900GMT): United Overseas Bank Q4 earning results.

MONDAY, FEBRUARY 28 - 1000(0200GMT): Singapore-Bank Lending for January.

- Final URA Property Index for Q4.

- Noble Group Q4 earning results.

TUESDAY, MARCH 1 - 2130(1330GMT): PMI for February.

MONDAY, MARCH 7 - 1700(0900GMT): Foreign Reserves for February.

MONDAY, MARCH 14 - 7th Private Banking Asia conference organisers are Terrapin.

TUESDAY, MARCH 15 - 1300(0500GMT): Retail Sales for January.

THURSDAY, MARCH 17 - 1300(0500GMT): Non-Oil Domestic Exports for February.

MONDAY, MARCH 21 - 0900(0100GMT): GenTech Asia 2011 until 24 March.

- 0900(0100GMT): 14th Annual Power & Electricity World Asia until 25 March.

WEDNESDAY, MARCH 23 - 1300(0500GMT): Consumer Price Index for February.

FRIDAY, MARCH 25 - 1300(0500GMT): Industrial Production for February.

THURSDAY, MARCH 31 - 1000(0200GMT): Singapore-Bank Lending for February.

Corporate Results Release This Week

Corporate earnings results release dates as at 15 Feb (source: business times online)

32 Great Eastern Hldg Feb-15
33 ST Engg Feb-15
34 STX OSV Hldgs Feb-15
35 Viking Offshore Feb-15
36 Aztech Grp Feb-16
37 Broadway Ind Feb-16
38 Lippo-Mapletree Feb-16
39 UIS Feb-16
40 Capitamalls Asia Feb-17
41 LMA Intl Feb-17
42 Bright World Feb-18
43 Mun Siong Engg Feb-18
44 OCBC Feb-18
45 Otto Marine Feb-18

Friday, February 11, 2011

Market Update Feb 2011

Market Update Feb 2011

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.

> Wall St rebounds from sell-off, but down for week > US bonds rise, rally seen likely extending [US/] > MidEast fears to lift Swiss franc > Gold posts 4th straight weekly gain on oil, unrest [GOL/] > 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 ($179 million) from a year earlier mainly due to weaker performance from marine and utilities.

- 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. [ID:nSN2Q80140] [ID:nSNZzwmfr] -- CHINA XLX FERTILISER - 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 <.FTSTI> rose 1.75 percent on Friday to 3,025.16 points. The Dow Jones industrial average <.DJI> gained 0.51 percent to 12,130.45. The Standard & Poor's 500 Index <.SPX> climbed 1.06 percent to 1,319.88. The Nasdaq Composite Index <.IXIC> rose 1.58 percent to 2,781.05.

25-02-2011 08:21:54
Singapore Stocks- May find support, IndoFood Agri in focus
Feb 25 (Reuters) - Singapore shares may find support on Friday after Wall Street recouped some of its earlier losses overnight, but sentiment remains volatile amid fears that higher oil prices could stifle economic activity. Indonesian palm oil firm Indofood Agri Resources (IndoAgri) reported on Friday a doubling of Q4 net profit, helped by gains in the value of its biological assets.
----MARKET SNAPSHOT @ 2352 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 <.SPX> 1306.1 -0.1% -1.300 USD/JPY 82 0.12% 0.100 10-YR US TSY YLD 3.4496 -- 0.000 SPOT GOLD 1403 0.11% 1.530 US CRUDE 97.31 0.03% 0.020 DOW JONES <.DJI> 12068.50 -0.31% -37.28 ASIA ADRS <.BKAS> 142.13 -0.13% -0.18 -------------------------------------------------------------
> Wall St recovers off lows on oil drop, Boeing up late [.N] > US Bond prices gain on rise in oil costs [US/] > US dollar stung by higher oil; Swiss franc bid [USD/] > Gold falls below $1,400/oz as oil drops 2 pct [GOL/] > Oil falls from near $120 on Saudi, Gaddafi rumor

>Stocks and factors to watch: -
- NEPTUNE ORIENT LINES - will order more vessels to address an expected shortage in the global freight market within a few years, its chief executive said.
- TIGER AIRWAYS - has signed an agreement to buy a 32.5 percent stake in Philippines-based South East Asian Airlines (SEAIR) for $6 million, its spokesman said on Thursday.

- GLOBAL LOGISTIC PROPERTIES - which owns warehouses and other logistic assets, said on Thursday it has entered into a joint venture to develop a logistics park in Suzhou, China worth a total of $200 million.

- TREK 2000 INTERNATIONAL - said on Thursday its full year net profit surged over four times to $3 million, up from $651,000 a year earlier, helped by higher revenue from its mobile media solutions business.

- Straits Times Index <.FTSTI> fell 0.96 percent on Thursday to 2,973.08 points. The Dow Jones industrial average <.DJI> lost 0.31 percent at 12,068.50. The Standard & Poor's 500 Index <.SPX> retreated 0.10 percent to 1,306.10. The Nasdaq Composite Index <.IXIC> rose 0.55 percent to 2,737.90.

23-02-2011 12:57:23
Singapore Stocks-Lower at midday
* By the break, the Straits Times Index was down 10.34 points, or 0.34 percent, at 3,008.78. The total value of shares traded in the morning session was S$1.7 billion, up from S$865.5 million on Tuesday. At the lunch break, Wilmar shares were 4.3 percent lower at S$5.18 with over 16.3 million shares traded due to missed Q4 results expectation.

Feb 23 (Reuters) - Singapore stocks fell to over a 6-month low on Wednesday, led by losses in shares of palm oil firm Wilmar International , and as investors remained jittery over tensions in Libya. Shares of Wilmar fell by as much as 5 percent after the company reported a worse-than-expected drop in Q4 net profit. Wilmar's quarterly earnings fell by 28 percent due to pre-tax losses in its oilseeds and grains business as a result of poor crushing margins and its less timely purchases of raw materials.

"In the near term, we believe it's still going to be very choppy. I don't think unrest in the Middle East will be resolved soon, so investors will require a higher risk premium on assets," said an analyst at UOB Kay Hian. Local traders said they expected the STI to stay rangebound in the 2,990-3,010 point band in the afternoon. "If oil prices continue rising and China doesn't ease off on tightening, this could spell trouble for the global economy."

-)Commodity firm Olam International fell as much as 4.6 percent to a near six-month low on Wednesday on continued worries that tensions in Libya could spread to other parts of Africa, hurting the firm's business. At midday, Olam was 1.5 percent lower at S$2.59 with over 80 million shares traded.

>Casino operator Genting Singapore retreated 2.5 percent to S$1.93 after it reported quarterly earnings that were slightly below expectations.

+)However, construction and property firm Chip Eng Seng outperformed the broader market after it reported strong quarterly earnings. Chip Eng Seng rose 4.8 percent to S$0.44 by midday, with over 8.4 million shares changing hands.

22-02-2011 08:06:31
Singapore Stocks-May dip; CapitaLand, Yangzijiang in focus
Feb 22 (Reuters) - Singapore shares under pressure on Tuesday, as turmoil across the Middle East sends oil prices sharply higher and investors shy away from riskier assets such as equities. CapitaLand reported a better than expected fourth quarter net profit of S$522.1 million ($409.3 million), which fell 41 percent from a year ago due to smaller one-off gains.

----MARKET SNAPSHOT @ 2344 GMT ----------- INSTRUMENT LAST PCT CHG NET CHG USD/JPY 83.11 -0.01% -0.010 SPOT GOLD 1407.7 0.12% 1.750 US CRUDE 93.39 8.34% 7.190 > Euro slips on Middle East tensions; data cushions [USD/] > Gold jumps 1 pct, over $1,400 on Mideast violence [GOL/] > March U.S. crude extends gains on Libya unrest

>Stocks and factors to watch: -
- YANGZIJIANG SHIPBUILDING - said on Tuesday its Q4 net profit rose 30 percent yoy to 838.1 million yuan (127.6 million). The firm said it secured 50 new vessel orders worth $1.38 billion in 2010.
-- SINGAPORE AIRLINES - has added a seventh daily flight between the city-state and Hong Kong due to the route's popularity, it said on Monday.

-- TIGER AIRWAYS - said on Monday that Ryanasia has reduced its stake in the company and is no longer a substantial shareholder.

-- HYFLUX - said on Monday it has won a concession to build and operate a plant to treat up to 150,000 cubic metres of wastewater per day for Zunyi City in China's Guizhou province.

-- BOUSTEAD SINGAPORE - which provides engineering services and develops industrial facilities, said on Monday it has suspended operations in Libya and started evacuating its non-Libyan staff from the country.

-- DUKANG DISTILLERS - Alcohol producer Dukang Distillers said on Monday it plans to issue 130 million Taiwan Depository Receipts (TDRs) and the proposed issue price for each TDR is estimated to be within the range of T$18.50 to T$20.

> Straits Times Index <.FTSTI> was down 0.53 percent on Monday to 3,070.60 points. Wall Street was closed on Monday for a public holiday.

21-02-2011 08:28:06
Weighed by M.East, China protest, budget may help
SINGAPORE, Feb 21 (Reuters) - Concern over demonstrations in the Middle East and some minor pro-democracy protests in China might weigh on Singapore stocks on Monday but the government's offer of S$6.6 billion in incentives in the next fiscal year might help sentiment. The government unveiled its last budget before elections on Friday with big handouts aimed to help the city-state's poorer citizens dealing with higher inflation in the coming year.

- Raffles Medical , a provider of healthcare services, said on Monday it had bought a property at the city's famous Orchard Road shopping area for S$92.08 million to set up a specialist medical centre. The firm also reported a 19.5 percent increase in its 2010 net profit to S$45.3 million from a year earlier, helped by higher patient load, wider range of medical specialties and the recruitment of more specialist consultants.

---MARKET SNAPSHOT @ 2358 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 <.SPX> 1343.01 0.19% 2.580 USD/JPY 83.1 0.04% 0.030 10-YR US TSY YLD 3.5818 -- 0.000 SPOT GOLD 1390.49 0.14% 1.910 US CRUDE 87.35 1.33% 1.150 DOW JONES <.DJI> 12391.25 0.59% 73.11 ASIA ADRS <.BKAS> 147.09 -0.39% -0.58 -------------------------------------------------------------

> U.S. market up for 3rd week as late-comers jump in [.N] > Treasuries ease in set up for next week's auctions [US/] > Euro holds firm on rate view, Aussie resilient [USD/] > Gold notches best weekly gain since December [GOL/] > Oil slips in volatile trade eyeing Mideast

>Stocks and factors to watch: -

- SINGAPORE TECHNOLOGIES ENGINEERING - said on Friday its US subsidiary VT iDirect had secured a contract worth around $60 million from Inmarsat , a provider of satellite communication services, to facilitate global broadband connectivity.

- INDOFOOD AGRI RESOURCES - said on Friday its 90 percent-owned subsidiary, PT Salim Ivomas Pratama, is exploring a listing on the Indonesia Stock Exchange.

- OCEANUS GROUP - Singapore abalone firm Oceanus Group said on Monday it expects to post a fall in net profit for the year ended Dec 31, 2010, compared with a year earlier, mainly due to lower fair value gain of its biological assets, greater loss from its restaurant business, as well as higher loan interest expenses.

- Straits Times Index <.FTSTI> was up 0.13 percent on Friday to 3,086.92 points. The Dow Jones industrial average <.DJI> rose 0.59 percent to finish at 12,391.25. The Standard & Poor's 500 Index <.SPX> gained 0.19 percent to 1,343.01. The Nasdaq Composite Index <.IXIC> edged 0.08 percent higher to 2,833.95.

18-02-2011 08:07:37
Singapore Stocks-Likely to rise on Wall St; OCBC, Biosensors in focus
Feb 18 (Reuters) - Singapore shares may rise on Friday after open lower on Wednesday after Wall Street shrugged off concerns about rising tensions in the Middle East and mixed data to focus on the healthy corporate outlook.

OCBC , Singapore's second-biggest bank, will be in focus ahead of earnings later on Friday. Analysts expect the bank will report an 11 percent rise in quarterly profit, boosted by strong contributions from its insurance unit and from higher fee and commission income.

Interesting to see how shares of Biosensors International reacts after the company which licenses medical technology, said on Thursday it plans to raise about S$200.8 million ($157 million) through a share placement. (Update at 10am: Yesterday its trading halted , today it openned at .97 a drop of 7 cents but managed to edge back to 1.00 level.)

---MARKET SNAPSHOT @ 2351 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 <.SPX> 1340.43 0.31% 4.110 USD/JPY 83.24 -0.06% -0.050 10-YR US TSY YLD 3.5763 -- 0.000 SPOT GOLD 1383.69 0.03% 0.390 US CRUDE 86.44 0.09% 0.080 DOW JONES <.DJI> 12318.14 0.24% 29.97 ASIA ADRS <.BKAS> 147.67 0.73% 1.07 -------------------------------------------------------------

> Recent leaders juice up Wall St [.N] > Bonds rise as Mideast tensions spur safety bid [US/] > Swiss franc up on MidEast tension, US dollar falls [USD/] > Gold hits 5-week high on inflation, rising tension [GOL/] > U.S. oil rises on Mideast, Africa turmoil

Stocks and factors to watch:

-- GLOBAL LOGISTIC PROPERTIES - said it signed new and expansion leases of a total of 136,000 square meters in its China portfolio.

-- OTTO MARINE - said it swung to a net loss of S$9.3 million in the fourth quarter, from a net profit of S$9.8 million a year earlier, hit by a fall in sales.

-- ROXY-PACIFIC - The property developer said its fourth quarter net profit more than doubled to S$12 million, from S$5.9 million a year earlier, due to higher revenue from its hotel ownership and property development businesses.

-- TECHNICS OIL & GAS - said on Friday it plans to raise about T$304.2 million ($10.3 million) through issuing Taiwan depository receipts at T$11.70 each.

> Singapore's benchmark Straits Times Index fell 0.38 percent to 3,082.83 points. The DJI average rose 0.24 percent to 12,318.14. The Standard & Poor's 500 Index gained 0.31 percent at 1,340.43. The Nasdaq Composite Index climbed 0.21 percent to 2,831.58.

17-02-2011 (The Edge)
>Palm-oil producers: Crude palm-oil futures for May delivery declined as much as 2.6% in Kuala Lumpur today.

17-02-2011 08:44:04
Singapore Stocks-May dip on inflation forecast; NOL in focus
Feb 17 (Reuters) - Singapore shares may open lower on Thursday after the government raised the inflation forecast for 2011, pointing to a possibility of further tightening by the central bank, and cut the fourth quarter GDP growth estimates for the city state. The Ministry of Trade and Industry said the inflation in 2011 is likely to be 3-4 percent, up from the previous estimates of 2-3 percent, while Q4 GDP growth has been revised down to 3.9 percent on a seasonally adjusted annualised basis from the third quarter and by 12 percent from a year ago.

>Neptune Orient Lines (NOL) posted better-than-expected fourth-quarter net profit, reversing from a loss the previous year as freight rates and cargo volumes soared. *Citigroup has upgraded NOL to buy on its increasingly bullish view of the sector as low U.S. inventory levels may lead to resilient shipping volumes and strong demand for logistics, a division which gives NOL a competitive edge in the Transpacific trade.

----------------------MARKET SNAPSHOT @ 2353 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 <.SPX> 1336.32 0.63% 8.310 USD/JPY 83.55 -0.14% -0.120 10-YR US TSY YLD 3.6231 -- 0.000 SPOT GOLD 1375.55 0.10% 1.350 US CRUDE 85.18 0.22% 0.190 DOW JONES <.DJI> 12288.17 0.50% 61.53 ASIA ADRS <.BKAS> 146.60 0.75% 1.09 -------------------------------------------------------------

> S&P rises, doubles its 2009 low [.N] > Prices slip on worries over rising inflation [US/] > U.S. dollar down as Iran news, positioning weigh [USD/] > Gold ends flat but Mideast tensions underpin [GOL/] > Brent oil hits 2-1/2 year high on Israel-Iran tension

Stocks and factors to watch: -- KEPPEL CORP - Keppel Corp, the world's largest oil rig builder, said on Thursday its unit Keppel FELS has secured a contract worth around $380 million from Transocean Offshore Deepwater to build two high-specification jackup rigs.

-- CAPITAMALLS ASIA - the Shopping mall developer said on Thursday its fourth quarter net profit fell 15.2 percent year-on-year to S$144 million ($112.6 million). Revenue fell 16.5 percent to S$55.2 million mainly due to the monetisation of three malls in Malaysia.

-- LIPPO-MAPLETREE INDONESIA RETAIL TRUST - said its fourth quarter distributable income fell 3.3 percent year-on-year to S$12 million.

>Singapore's benchmark Straits Times Index <.FTSTI> was up 0.46 percent on Wednesday to 3,094.72 points. The Dow Jones industrial average <.DJI> gained 0.50 percent to finish at 12,288.17. The Standard & Poor's 500 Index <.SPX> advanced 0.63 percent to 1,336.32. The Nasdaq Composite Index <.IXIC> rose 0.76 percent to 2,825.56.

16-02-2011 08:36:28
Feb 16 (Reuters) - Singapore shares may see a weak start on Wednesday, as U.S. indices fell overnight in light volume led by losses in energy and basic material stocks.

Great Eastern Holdings, which is about 87-percent owned by OCBC, proposed a capital reduction exercise to return S$364 million ($284 million) to shareholders.

--------MARKET SNAPSHOT @ 0005 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 <.SPX> 1328.01 -0.32% -4.310 USD/JPY 83.75 -0.04% -0.030 10-YR US TSY YLD 3.6175 -- 0.013 SPOT GOLD 1372.3 -0.05% -0.650 US CRUDE 84.55 0.27% 0.240 DOW JONES <.DJI> 12226.64 -0.34% -41.55 ASIA ADRS <.BKAS> 145.51 -0.51% -0.75 -------------------------------------------------------------

> Wall St falls in light volume, pullback mulled > Bonds end up after 2-year yields test price support [US/] > Sterling storms ahead; US$ finally up on yen [USD/] > Gold rises on inflation worry, technical buying [GOL/] > Oil drops on demand and inventory concerns

Stocks and factors to watch:

-- CAPITAMALL TRUST - which owns shopping malls in Singapore, said on Wednesday it was setting up S$2.5 billion ($1.95 billion) retail bond programme and offering up to S$200 million two-year retail bonds.

-- SINGAPORE TECHNOLOGIES ENGINEERING - the world's largest aircraft repair firm, said on Tuesday its 2010 net profit rose 11 percent, helped by strong sales from its land systems and marine businesses.

-- FRASERS AND NEAVE - Frasers Centrepoint, a unit of property and beverage group Frasers and Neave, said it has tendered for a mixed-use development site in Singapore with Far East Organization and Sekisui House at a tender price of S$1.02 billion.

-- COSCO CORP (SINGAPORE) said on Tuesday it had won contracts worth over $113 million to build special purpose carriers.

-- HUTCHISON WHAMPOA #0013.hk - has received conditional approval from the Singapore Exchange to list its port assets in a Singapore initial public offering, the Business Times reported on Wednesday.

-- SINGAPORE AIRLINES said it carried 1.4 million passengers in January, 3.2 percent more compared to a year ago. Its passenger load factor dipped one percentage point to 78.1 percent last month compared to the same month a year ago due to additional capacity.

- Singapore's benchmark Straits Times Index <.FTSTI> fell 0.77 percent on Tuesday to 3,080.66 points. The Dow Jones industrial average <.DJI> lost 0.34 percent to finish at 12,226.64. The Standard & Poor's 500 Index <.SPX> lost 0.32 percent at 1,328.01. The Nasdaq Composite Index <.IXIC> retreated 0.46 percent at 2,804.35.

15-02-2011 13:25:51
Singapore Stocks-Down at midday on inflation worries, seen soft
Feb 15 (Reuters) - Singapore shares fell at midday as investors locked in gains from the previous trading session and as funds continue to flow out of emerging markets over inflation concerns.

* Index down 0.6 percent; support of 3,070 pts eyed * Olam down after merger talks with Louis Dreyfus cease * STX OSV rises on strong Q4 result, order win.

Citigroup said that the flow patterns will probably extend for a few more weeks, though at a slower rate, and developed markets have been the winners so far.

Chinese inflation was lower than expected at 4.9 percent in the year to January, but its central bank may stick to its course of monetary tightening to tackle stubbornly high prices. "Whilst China's inflation came in at a lower than expected 4.9 percent, it is still significantly higher than the Chinese government's aim of 4 percent. In addition, the producer price index came in at 6.6 percent, higher than expected," said an analyst at SIAS Research. "Most of the Singapore-listed China counters are trading in the negative region following news of China's inflation data." But he noted that it may be a good time for investors to pick up value plays as China's economy is still growing at a healthy rate and the tightening measures may bring in benefits in the long run.

By the midday break, the Straits Times Index (STI) <.FTSTI> was down 0.63 percent, or 19.58 points, at 3,084.84. The total value of shares traded in the morning session was S$761.9 million, lower than S$829.3 million on Monday.

Shares of commodities firm Olam International fell as much as 3 percent after merger talks between the firm and top flight commodity group Louis Dreyfus failed. But Olam reported on Monday a better-than-expected 8.5 percent fall in second quarter net profit to S$145.4 million ($113.4 million), as higher commodity prices and margins helped offset a decrease in one-time gains. At midday, Olam shares were down 2.6 percent at S$2.96 on a volume of 10.4 million shares.

China 通脹4.9% (10:23)

國家統計局公布，上月內地通脹升幅4.9%，跟市場傳出經修訂後的數字一樣。

原先在未經國家統計局修訂前，市場預期通張高達5.3%。按月比較，1月份的內地消費價格指數按月只升1%。(Source: Mingpao online)

SAN FRANCISCO (MarketWatch) -- Blue-chip stocks lagged the broader market Monday, as worries over Wal-Mart Stores Inc.'s (WMT 54.80, -0.89, -1.60%) business model dragged the Dow Jones Industrial Average (-5.1 or 0.04%) to a slight loss. A rally in energy and materials stocks, helped by the latest deal in the oil services sector and data showing strong Chinese imports of commodities, helped push the S&P 500 (SPX 1,332, +3.17, +0.24%) to a small gain.

08:38:52 Feb 15 (Reuters)
- Singapore shares may open slightly higher on Tuesday as investors await inflation data from China after upbeat trade figures from the world's second largest economy had already buoyed sentiment.

>Olam International may be in focus after merger talks between the firm and top flight commodity group Louis Dreyfus failed, reviving speculation about the strategy of France-based Dreyfus. Olam reported on Monday a better-than-expected 8.5 percent fall in fiscal second quarter net profit, as higher commodity prices and margins helped offset a decrease in one-time gains.

-------MARKET SNAPSHOT @ 0000 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 <.SPX> 1332.32 0.24% 3.170 USD/JPY 83.4 0.12% 0.100 10-YR US TSY YLD 3.6212 -- 0.000 SPOT GOLD 1361.29 -0.03% -0.380 US CRUDE 84.89 0.09% 0.090 DOW JONES <.DJI> 12268.19 -0.04% -5.07 ASIA ADRS 146.26 1.18% 1.71 -------------------------------------------------------------

> Wall St edges up, slack volume points to top > Longer dated debt gains slightly in wait for data > Euro struggles after fall; dollar eyes data > Gold rises, silver jumps 2 pct on industrial demand > Brent surges on Middle East, China but US oil slips

Stocks and factors to watch: -- SINGAPORE EXCHANGE - Australian bourse operator ASX said it was in talks with suitor Singapore Exchange about changes to proposed board arrangements as the sides seek to win political and regulatory support for their proposed $7.9 billion tie-up.

-- Offshore vessel builder STX OSV said on Tuesday its fourth quarter profit after tax rose 142 percent to 326 million Norwegian crowns ($54.6 million) from a year earlier mainly on new order wins. Separately, the firm announced that it had secured a contract for the design and construction of a platform supply vessel.

-- COMFORTDELGRO said on Monday its net profit for the full year ended Dec 31, 2010, rose 4.1 percent to S$228.5 million ($178.2 million) from a year ago partly helped by a stronger operating margin.

-- CHINA MINZHONG - The vegetable producer and processor said on Monday its second quarter net profit rose 53 percent to 156.3 million yuan ($23.7 million) year-on-year on an increase in sales volume and a shift towards products with higher selling prices.

-- BOUSTEAD SINGAPORE said on Monday its third quarter net profit rose 53 percent to S$13.3 million from a year ago. Revenue rose 23 percent to S127.7 million, helped by growth in the firm's engineering services and geo-spatial technology segments.

Straits Times Index was up 0.88 percent on Monday to 3,104.42 points. The Dow Jones industrial average lost 0.04 percent to finish at 12,268.19. The Standard & Poor's 500 Index gained 0.24 percent to 1,332.32. The Nasdaq Composite Index rose 0.28 percent to 2,817.18.

14-02-2011 08:03:56
Keppel Corp, GLP in focus

Feb 14 (Reuters) - Singapore shares may open higher on Monday after the resignation of Egyptian President Hosni Mubarak lifted equity markets and reduced the demand for safe havens such as government debt and gold.Keppel Corp may be in focus after it said its unit, Keppel FELS Brazil, secured two contracts with a total value of 500 million Brazilian real ($299.2 million).

-------MARKET SNAPSHOT @ 2342 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 <.SPX> 1329.15 0.55% 7.280 USD/JPY 83.45 -0.11% -0.090 10-YR US TSY YLD 3.6381 -- 0.000 SPOT GOLD 1356.6 0.04% 0.480 US CRUDE 85.65 0.08% 0.070 DOW JONES <.DJI> 12273.26 0.36% 43.97 ASIA ADRS <.BKAS> 144.55 0.51% 0.73 -------------------------------------------------------------

> Markets end second week of gains after Mubarak resigns [.N] > Bonds rally as higher yields, Egypt draw buyers [US/] > Euro shaky on euro zone worries; dollar firm [USD/] > Gold retreats after Mubarak resigns; support seen [GOL/] > U.S. oil falls to 10-wk low as Mubarak steps down

Stocks and factors to watch:

-- GLOBAL LOGISTIC PROPERTIES - which owns warehouses and other logistic assets, posted on Monday third quarter net profit of $82.1 million, compared with a loss of $305.4 million a year earlier. Revenue grew 12.9 percent to $125.2 million mainly due to the completion and stabilisation of the firm's projects in China.

-- JAYA HOLDINGS - Affinity Equity Partners has sold its majority stake in Singapore's troubled shipping firm Jaya for S$202.6 million ($158 million) to a Deutsche Bank-led consortium, a unit of Deutsche Bank said.

-- STARHUB - said on Friday its fourth quarter net profit rose 8.4 percent to S$80.4 million ($62.8 million) from a year earlier, helped by higher revenue from mobile and fixed network services.

-- MEWAH INTERNATIONAL - said on Friday it will invest an additional $200 million to buy land for building consumer pack products and logistics facilities in Zhangjiagang, China.

-- Sembcorp Industries, an energy, water and marine group, said on Friday it had acquired a 49 percent stake in Thermal Powertech Corporation India (TPCIL) for S$293 million ($228.5 million). TPCIL will build, own and operate a 1,320 megawatts coal-fired power plant in Krishnapatnam, India.

-- OLAM INTERNATIONAL - Commodity firm Olam International will be announcing its second quarter results on Monday. Daiwa forecasted adjusted net profit of S$88.8 million and revenue of S$3.3 billion, compared with S$67.8 million and S$2.7 billion, respectively, a year earlier.

- Straits Times Index was down 0.84 percent on Friday to 3,077.27 points.

-The Dow Jones industrial average gained 0.36 percent to finish at 12,273.26. The Standard & Poor's 500 Index advanced 0.55 percent to 1,329.15. The Nasdaq Composite Index rose 0.68 percent to 2,809.44.

12-02-2011 DJI up 43.97 pts (0.36%) on Friday; Local Banks Performing
DBS Group Holdings’ 4Q10 earnings and FY10 results, which came in slightly above expectations, should give shareholders of the two other local banks some reason for cheer too.

Both RBS and CIMB reiterated their outperform recommendations following the results. The bank’s 4Q10’s net profit of $678 million, up 38% yoy but down 6% qoq came in marginally above consensus estimates of $669 million based on a Bloomberg survey. Full-year net profit rose 28% yoy to a record $2.65 billion (excluding the $1 billion non-cash write-off in respect of DBS Hong Kong taken in 2Q10).

Rivals Oversea-Chinese Banking Corporation and United Overseas Bank, which will be reporting on Feb 18 and Feb 25 respectively, is expected to perform just as well. Already, the consensus forecast for OCBC’s net profit is $2.28 billion for FY10, and $2.49 billion for UOB, according to Bloomberg.

11-02-2011 12:53:26
Singapore Stocks-Lower at midday on China inflation worries. Index falls 0.92 percent, 3,010 support eyed * DBS falls 1.4 percent after reporting quarterly earnings

Feb 11 (Reuters) - Singapore shares fell 0.9 percent by midday on Friday, as investors remained jittery ahead of the release of China's inflation data and Egypt's political turmoil. By the midday break, the STI was down 28.60 points at 3,074.79. The total value of shares traded in the morning session was S$1.06 billion, up from S$971 million on Thursday.

"There are lingering fears over when this consolidation phase will end. Especially with China expected to release January's inflation data soon, risk aversion is still present in the market," said an analyst at SIAS Research. "The question on everyone's minds is when will China's inflation risk subside," the analyst said, adding he expects the STI to find support at 3,010 points in the near term.

--DBS Group fell 1.4 percent to S$14.62 after it reported better-than-expected quarterly earnings, as sentiment was hit by a weak market due to the political turmoil in Egypt, traders said. "Their results were slightly above consensus, but DBS shares were dragged lower mainly because of the weaker overall market sentiment," said a local trader.

+) Keppel Land shares rose as much as 2.4 percent, rebounding from a four-month low as the firm's outlook remains bright, traders said. At the midday, Keppel Land were 0.2 percent lower at S$4.11 with over 4.6 million shares changing hands. "Keppel Land was one of the hardest hit by the rate hike in China as they have a larger exposure to the country, but I think it was oversold as fundamentally the firm still remains strong," said an analyst at CIMB Research.

-) Raffles Education fell as much as 3.4 percent after it reported weak quarterly earnings, traders said. Raffles Education said its second quarter net profit fell 24 percent to S$5.6 million from S$7.5 million a year ago, hit by a fall in revenue due to foreign exchange losses. At midday, its shares were 1.7 percent lower at S$0.29 with over 15.4 million shares traded.

11-02-2011 08:30:52
Feb 11 (Reuters) - Singapore shares may see a weak start on Friday, as investors lack direction from a mixed performance on Wall Street and remained anxious about the political turmoil in Egypt. DBS posted a better than expected 38 percent rise in quarterly profit on falling bad-debt charges and higher trading income.

---------MARKET SNAPSHOT @ 0015 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 1321.87 0.07% 0.990 USD/JPY 83.35 0.17% 0.140 10-YR US TSY YLD 3.706 -- 0.004 SPOT GOLD 1364.09 0.09% 1.190 US CRUDE 87.57 0.97% 0.840 DOW JONES <.DJI> 12229.29 -0.09% -10.60 ASIA ADRS 143.82 -0.67% -0.97 -------------------------------------------------------------
> Mubarak speech sparks late gain; Dow hit by Cisco > Auctions done, U.S. yields resume upward trek. Dollar firm in Asia; Aussie eyes cenbank testimony
> Gold falls as dollar rises after jobs, Egypt eyed > Brent crude pares losses after Mubarak speech

>Stocks and factors to watch:
+) FRASER AND NEAVE said its first quarter net profit rose 72 percent to S$238.1 million from S$138.4 million a year ago, helped by higher sales from its food and beverage segment.

-- Ascendas Reit said on Friday it will buy a business property in Shanghai, China, for a total of 587.9 million yuan ($89.3 million)

-) RAFFLES EDUCATION said its second quarter net profit fell 24 percent to S$5.6 million from S$7.5 million a year ago, hit by a fall in revenue due to foreign exchange losses.

-- TIGER AIRWAYS said it carried 553,000 passengers in January, 29 percent more than the year ago period. However, its load factor fell 2 percentage points to 84 percent last month.

+) BUKIT SEMBAWANG ESTATES said its October-December net profit jumped by more than 33 times to S$99.6 million, compared to a year ago, as it recognized higher profits from its residential properties.

+) PEC reported an 11 percent rise in its second quarter net profit to S$10.2 million, up from S$9.2 million a year earlier, due to higher gross margins and stronger sales from project works. The firm's order book as of December 31 was about S$186 million.

+) Technics Oil & Gas said it has signed a bookbuilding agreement with Polaris Securities and plans to issue 80 million Taiwan depository receipts at T$11-T$13 each.

> Straits Times Index fell 1.5 percent to 3,103.39 points on Thursday. The Dow Jones industrial average lost 0.09 percent to 12,229.29. The Standard & Poor's 500 Index was 0.07 percent higher at 1,321.87. The Nasdaq Composite Index gained 0.05 percent 2,790.45.

10-02-2011 08:22:17
Feb 10 (Reuters) - Singapore shares may see a weak start on Thursday, as a sober economic view from the U.S. central bank and profit-taking weighed on global markets.

>Singapore Exchange will be in focus as a slew of mergers and acquisition activity involving exchanges increases the chances of Australian regulators approving its proposed takeover of ASX. ASX shares jumped more than 4 percent in Australian trading on Thursday. Reuters and other media reported on Wednesday that Deutsche Boerse is in advanced talks to buy NYSE Euronext in a deal that would create the world's largest trading powerhouse.

>Singapore Telecom reported a smaller-than-expected 2.2 percent drop in quarterly profit, as growth from Singapore and Australia cushioned the falling contributions from its associates.

------MARKET SNAPSHOT @ 0007 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 <.SPX> 1320.88 -0.28% -3.690 USD/JPY 82.41 0.07% 0.060 10-YR US TSY YLD 3.6758 -- 0.023 SPOT GOLD 1363.55 0.05% 0.660 US CRUDE 86.9 0.22% 0.190 DOW JONES <.DJI> 12239.89 0.06% 6.74 ASIA ADRS 144.79 -1.19% -1.74 -------------------------------------------------------------

> Wall St lower on profit taking; Cisco falls late. > US Treasuries rally as 10-yr note sale gets love > US dollar down vs euro on Bernanke, Treasury yields

> Gold flat but dollar drop, Bernanke view underpin > Brent rises on Egypt, dollar;US oil down on stockpiles

Stocks and factors to watch:

-- Buyers are in advanced discussions to purchase Affinity Equity Partners' stake in struggling Singapore shipping company Jaya Holdings, according to sources involved in the matter, after Affinity struck a deal with a majority of its bank lenders.

-- Chinese fashion retailer Eratat Lifestyle said Singapore Exchange has rejected its plan to list 81.9 million new shares.

- Singapore fashion retailer FJ Benjamin said on Wednesday its fiscal second quarter net profit more than doubled to S$4 million ($3.1 million) from S$1.7 million a year ago on the back of strong festive spending and tourist arrivals in the region.

-- Construction and property firm Sim Lian said its net profit for the October-December period rose 76 percent to S$53.8 million from S$30.6 million a year ago, boosted by higher revenue contribution from its construction business.

- Straits Times Index fell 1.09 percent on Wednesday to 3,150.56 points. The Dow Jones industrial average was 0.06 percent higher at 12,239.89. The Standard & Poor's 500 Index retreated 0.28 percent to 1,320.88. The Nasdaq Composite Index lost 0.29 percent at 2,789.07.

09-02-2011 08:19:36 China rate hike may weigh

Feb 9 (Reuters) - Singapore shares may see a weak start on Wednesday, as China's move to hike interest rates is likely to dampen investor sentiment despite higher Wall Street indices overnight.

China raised interest rates on Tuesday for the second time in just over six weeks, intensifying a battle in the fast-expanding economy against stubbornly high inflation that threatens to unsettle global markets.

>Total Access Communication , Thailand's second-largest mobile operator, may be in focus after it said on Tuesday it would delist from the Singapore stock exchange within three years, saying it gained little from dual listings.

--------MARKET SNAPSHOT @ 2358 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 <.SPX> 1324.57 0.42% 5.520 USD/JPY 82.29 -0.06% -0.050 10-YR US TSY YLD 3.7373 -- 0.000 SPOT GOLD 1361.87 -0.13% -1.720 US CRUDE 87.44 0.58% 0.500 DOW JONES <.DJI> 12233.15 0.59% 71.52 ASIA ADRS <.BKAS> 146.53 0.83% 1.21 -------------------------------------------------------------

> McDonald's lifts Dow for seventh day; volume light > U.S. government debt weaker, worst run since Dec [US/] > Euro reigns vs US dollar, Swiss franc as risk returns

>Gold jumps 1 pct on technicals, inflation fears > Brent up on Egypt uncertainty, U.S. crude dips

Stocks and factors to watch:

>FEDERAL INTERNATIONAL - The offshore services firm said it expects to report a loss for the fourth quarter due to impairment on its debt and assets. It will announce its full year results by March 1. > Memstar Technology and United Envirotech will form a joint venture to undertake a 280 million yuan ($42.7 million)project that requires them to acquire, upgrade and operate a wastewater treatment and recycling plant in China.

9-Feb-2011, 8am

STI closes lower on China’s tightening measures

The FSSTI index ended 0.2% lower as concerns over possible tightening measures in China hit banking counters. DBS lost 0.4% to S$15.12, OCBC lost 0.8% to S$9.75 and UOB lost 0.6% to S$19.58. The broader market saw 217 gainers and 223 losers, with trading value amounting to S$1.44b.

The US markets extended gain to multi-year highs on positive corporate news. The DJIA rose 0.6% to 12,233 and the S&P 500 gained 0.4% to 1,324 as McDonald’s Corp reported better-than-expected growth in its January same-store sales. Gainers and losers were closely matched on the NYSE, with 0.9b shares traded. US economic releases for tonight include MBA mortgage applications.

The FSSTI is forming a short-term downtrend, making lower highs and lower lows. In our view, bears are taking hold of the market for now with downside momentum gaining. There are several negative technical indicators in place, namely the 26-day and 12-day moving averages and the MACD signal. We advocate ‘long’ investors to stay out of the market as the index may retrace to its support at 3,118.

F&N: Substantial shareholder increases stake. Kirin Holdings increased its stake to 15% from 14.68% through buying shares on the open market. Kirin first became a substantial shareholder after it acquired Temasek Holding’s entire stake in the conglomerate for S$6.50/share in July last year. (Source: The Business Times)

Sembcorp: Prequalified to bid for Oman’s biggest greenfield power plant development. Sembcorp is among six groups prequalified to bid for the 2,000MW independent power project in Sur. The prequalified companies have reportedly until early-March to submit their final bids, with the winning bidder expected to complete the project’s first phase by mid-13, while full commissioning is expected in mid-14. (Source: The Business Times)

08-02-2011 08:18:30

By Eveline Danubrata SINGAPORE, Feb 8 (Reuters) - Singapore shares may open higher on Tuesday after U.S. stocks rose on Monday to levels not seen since the global financial crisis, and showed signs of pushing higher.

Palm oil firm Wilmar International said its proposed acquisition of Benso Oil Palm Plantation, which produces palm oil and palm kernel oil, has been approved by the Securities and Exchange Commission of Ghana. The Indonesian government also said that Wilmar, the world's largest listed palm oil firm, will invest $900 million to build factories in the country to produce palm oil products.

--------MARKET SNAPSHOT @ 2351 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 <.SPX> 1319.05 0.62% 8.180 USD/JPY 82.28 -0.04% -0.030 10-YR US TSY YLD 3.6399 -- 0.000 SPOT GOLD 1350.74 0.02% 0.280 US CRUDE 87.48 0.00% 0.010 DOW JONES <.DJI> 12161.63 0.57% 69.48 ASIA ADRS <.BKAS> 145.32 0.31% 0.45 -------------------------------------------------------------

> Wall St advances on M&A with further gains seen > U.S. bonds slip as inflation, rate hike worries weigh > Euro flat vs dollar as ECB rate hike hopes diminish

> Gold rises but inflation, rate hike worries weigh > Oil falls as Egypt, supply disruption fears ease Stocks and factors to watch:

-- Aluminium products firm Midas Holdings said on Monday it has secured a contract worth 82 million yuan ($12.5 million) from CNR Changchun Railway Vehicles to supply aluminium alloy extrusion profiles for an inter-city high speed train project in China.

-- HIAP SENG ENGINEERING said on Monday it has been awarded a letter of intent for an engineering, procurement and construction contract worth around S$10.3 million ($8.1 million) for a Tembusu project.

- STI Index was down 0.59 percent on Monday to 3,192.18 points. The Dow Jones industrial average gained 0.57 percent to finish at 12,161.63. The Standard & Poor's 500 Index rose 0.62 percent to 1,319.05. The Nasdaq Composite Index advanced 0.53 percent to 2,783.99.

07-02-2011 08:14:53
Feb 7 (Reuters) - Singapore shares may open higher on Monday, tracking a rise in Japanese stocks and helped by Wall Street's stronger finish on Friday. Genting Singapore may be in focus after Las Vegas Sands Corp reported strong earnings from its Marina Bay Sands casino in Singapore.

------- MARKET SNAPSHOT @ 2357 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 <.SPX> 1310.87 0.29% 3.770 USD/JPY 82.22 0.02% 0.020 10-YR US TSY YLD 3.6397 -- 0.000 SPOT GOLD 1344.04 -0.21% -2.860 US CRUDE 89.34 0.35% 0.310 DOW JONES <.DJI> 12092.15 0.25% 29.89 ASIA ADRS <.BKAS> 144.87 -0.27% -0.39 -------------------------------------------------------------

> S&P 500 posts best week in nine, tech leads > US bonds swoon on inflation, rate-hike jitters > Dollar up as US unemployment falls, more gains seen.

> Gold retreats on Egypt report, safe haven fades > Oil falls on unfounded Egypt report, profit-taking

Stocks and factors to watch:

>SINGAPORE TELECOM - Advanced Info Service Pcl , Thailand's top mobile phone operator which is 21 percent owned by SingTel, last Thursday rejected a request by state-owned telecoms firm TOT for $2.4 billion in compensation for losses resulting from concession changes. -- United Fiber, a forestry and pulp firm, said on Monday a judge has ruled in favour of China National Machinery and Equipment Import and Export Corp (CMEC) which has demanded payment of $19.7 million from United Fiber.

-- UOL GROUP said on Wednesday it had promoted its chief operating officer Liam Wee Sin to president. He will be responsible for day-to-day management of the property division of UOL Group, except for finance and legal matters.

- STI rose 0.83 percent on Wednesday to 3,211.12 points. The Singapore market was closed on Thursday and Friday for Chinese New Year. The Dow Jones industrial average gained 0.25 percent on Friday to finish at 12,092.15. The Standard & Poor's 500 Index advanced 0.29 percent to 1,310.87. The Nasdaq Composite Index rose 0.56 percent to 2,769.30.


Wed, 02 Feb 2011 15:30 (Bloomberg)
STI gained 0.9% to 3,211.12 at the close, where the market shut for the afternoon for the Lunar New Year. All but four stocks rose in the benchmark index of 30 companies.

《經濟通通訊社２日專訊》長實（００００１）及和黃（０００１３）今日升勢凌人，尾市
升幅擴大至逾５％，各造１３４元及９５﹒３元。（ｍｓ）

2 Feb 2011 (The Edge Singapore)

Singapore shares may open higher on Wednesday after global markets rallied on strong manufacturing data and easing concerns about the Middle East, although volumes are expected to be light on the eve of Chinese New Year. Citigroup in a note its clients on Wednesday said ample global liquidity suggests continued Singapore dollar strength, low interest rates and buoyant commodity prices. STI was up 0.16% to 3,184.74 points.

Here are some stocks and factors to watch:

>SATS said its third-quarter net profit fell 4.1% to $51.2 million year-on-year. >Boustead Singapore which develops industrial facilities, said it has secured a contract to design, build and lease a private jet sales and service facility in Singapore for Hawker Pacific Asia. The contract value was not disclosed. > Tuan Sing said its fourth quarter net profit rose 66% to $37.4 million year-on-year. The firm said it plans to market launch the estimated 400 units at Seletar, one of the two residential sites it secured in Singapore, by the fourth quarter of 2011. ...

+)Four Southeast Asia exchanges, Singapore Exchange, the Philippine Stock Exchange, Bursa Malaysia and the Stock Exchange of Thailand said the design study of the technology framework for the Asean trading link has been completed. The link that will allow cross-border trading is expected to go live towards the end of 2011.

01-02-2011 08:18:21
Mood cautious on Egypt; Yanlord, SMRT in focus

Feb 1 (Reuters) - Singapore shares may open higher on Tuesday, following overnight gains on Wall Street, as healthy earnings and signs of improving U.S. economic performance offset continued worries about the political situation in Egypt and the rest of the Middle East.

>Singapore-listed Chinese developer Yanlord said on Monday it has teamed up with GIC Real Estate to buy a prime residential site in Tianjin, China for 1.16 billion yuan ($176.2 million).

>SMRT and ComfortDelgro in the spotlight after authorities deferred the mid-year review of bus and subway train fares till the fourth quarter of the year.

------MARKET SNAPSHOT @ 2359 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 <.SPX> 1286.12 0.77% 9.780 USD/JPY 82.09 0.05% 0.040 10-YR US TSY YLD 3.3743 -- 0.000 SPOT GOLD 1332.35 0.03% 0.450 US CRUDE 92.08 -0.12% -0.110 DOW JONES <.DJI> 11891.93 0.58% 68.23 ASIA ADRS <.BKAS> 141.12 1.01% 1.41 -------------------------------------------------------------

> Wall St gains on earnings, economy; Egypt fears ease. Bonds fall as data, stocks overshadow Egypt. Euro heads for second straight monthly gain vs dollar

> Gold posts 1st monthly loss since July; Egypt eyed. Brent oil surges past $100 on Egypt anxiety

>Stocks and factors to watch:

-- WING TAI HOLDINGS - Property developer Wing Tai said on Monday its net profit for its second quarter ended Dec 31 rose 142 percent from a year ago to S$53.9 million ($42.1 million), boosted by higher contributions from development projects and Hong Kong-listed associate. -- NEPTUNE ORIENT LINES said on Monday its container shipping volumes for the seven weeks to Dec 31 rose 26 percent from a year ago, helped by higher traffic on the intra-Asia and Asia-Europe routes.

-- SINGAPORE EXCHANGE - Singapore Exchange, Asia's second-largest listed bourse operator, on Monday asked for public feedback on the introduction of new metals futures contracts for trading on its derivatives market. -- YANGZIJIANG SHIPBUILDING - plans to establish a joint venture with four Chinese firms to provide electrical systems for building commercial vessels and marine engineering projects. A unit of Yangzijiang will invest 20 million yuan ($3 million) for a 20 percent stake in the joint venture company.

-- RENEWABLE ENERGY ASIA GROUP said on Monday it has received approval to build a 10-megawatt solar energy farm from Inner Mongolia authorities. The total investment cost is around 190 million yuan. -- Mercator Lines, a Singapore-listed dry bulk shipping company, said on Tuesday its third quarter net profit fell 32 percent to $5.1 million year-on-year. Revenue rose 17 percent to $40.5 million but was offset by higher vessel hire costs and other expenses.

1 Feb 2011 8am

FSSTI down 1.6% to 3,197.7; US markets firmer

The FSSTI closed 1.6% lower to 3,197.7, led by unrest in Egypt and weaker regional markets. Chinese shipbuilder JES rose 1.5% to S$0.345 after it announced its orderbook soared to US$1.6b. The broader market saw 106 gainers and 417 losers, with trading value amounting to S$1.74b.

The US markets recovered some lost ground on Monday with the DJIA up 0.6% to 11,891.9 and the S&P 500 index gained 0.8% to 1,286.1. Energy companies performed best amongst the S&P’s sector groups while consumer staples performing the worst. Advancers outpaced decliners 2:1 on the NYSE, with 1.2b shares changing hands.

The FSSTI had gapped down and traded lower to lose a total of 50pts or 1.6% at closing. Investors would have escaped the brunt if they had followed our ‘stay out’ advice in the 27 January note. Technicals at this moment remains negative with price trading below the two moving averages coupled with bearish MACD. Next support remains at 3,100 with resistance at 3,218.

Tuesday, February 8, 2011

Exit Strategies (Buffet & Soros)

(extracted/modified from the book, 'Winning Investment Habbits of W. Buffett and G. Soros')

1. When Criteria are Breached - fundamental of a company/business model/value concept is changed, degraded over time. (FA - fundamental analysis)

2. When a System Anticipated Event Occurs - e.g. assumption that a currency would be devaluated is confirmed or invalidated; "buy on speculation, sell on news (announcements)". (FA)

3. When a System Generated Target (Value) is Met - buy when a company is undervalued but sell when its intrinsic value is reached. (FA/TA)

4. A System (Bearish) Signal - e.g. from chart analysis , major support line breached. (TA)

5. Mechanical Rules ("Stops") Triggered - use of stop loss (SL) (of say 5-10% below entry price), or trailing stop (adjust SL upwards as price advances). (RM - Risk Management)

6. Upon Realizing a Mistake was Made (in the investment decision or analysis). (Be objective)

7. Change to a Better Investment - to a much more attractive proposition. (FA/TA)

8. Protect Profit (PP) - risk level highest (major resistance, bearish MACD, hi KL, RSI overbought) followed with a long down bar. (Relate to Points 3 & 4 above) (RM)

+9. When Market Becomes Bearish - reduce holdings, positions when the global situation becomes very unstable (e.g. due to financial crises, wars, or natural disasters), or market sentiment very bearish. Return only when the situation or market becomes stable. (RM)

+ added in

Monday, February 7, 2011

Stock Picks 2011

Stock Picks 2011

China Play:
- China Animal Health: produces vaccines for livestock, ~.30
- Sino Grandness Food Industry: supplies fruit juices to supermarts in major cities, ~.47
- Lizhong Wheel Group: produces wheels for automobiles, ~.46

M&A Play:
- Raffles Medical Group: an obvious M&A target left after Parkway and Thomson Medical taken private, ~$2.2

Value Play:
- Hong Leong Asia: major provider of construction material in & S'pore, M'sia and China, ~$2.8 grossly undervalued compared to its high of $5 in April 2010

Commodity & Energy Play:
- Palm Oil (for 1H2011): First Resource, Golden Agri
- Oil & Related Industry: PetroChina, CNOOC, ...
- Metal: Silver, Aluminum, Gold, ...

My Investment n Trades

Welcome

Tuesday, March 1, 2011

Market Update Mar 2011

Monday, February 14, 2011

DIARY - SINGAPORE CORPORATE EVENTS TO MARCH 31

Corporate Results Release This Week

Friday, February 11, 2011

Market Update Feb 2011

China 通脹4.9% (10:23)

Tuesday, February 8, 2011

Exit Strategies (Buffet & Soros)

Monday, February 7, 2011

Stock Picks 2011