AmeliaChong

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[SGX] Singapore shares tipped to open under pressure

Singapore stock market has finished lower in three straight trading days, sliding almost 50 points or 1.6 percent along the way. The Straits Times Index remains just beneath the 3,140-point plateau, and the market may open in the red again on Wednesday. The global forecast for the Asian markets is weak thanks to geopolitical concerns and a decline in the price of crude oil. The European and U.S. markets were down and the Asian markets figure to follow suit. The STI finished barely lower on Tuesday as losses from the financials and industrials were offset by gains from the plantations. Among the actives, Noble Group plummeted 6.11 percent, while SingTel dropped 1.07 percent, Yangzijiang Shipbuilding shed 0.44 percent, SembCorp Marine gave away 0.28 percent, Oversea-Chinese Banking Corporation lost 0.42 percent, United Overseas Bank dipped 0.23 percent and Wilmar International added 0.29 percent. To read more visit http://www.mmfsolutions.sg
19-Apr-2017 4:04 PM

[SGX] Focusing the lens on Genting-Singapore plc SGX shares

The Piotroski F-Score is a scoring system between 1-9 that determines a firm’s financial strength. The score helps determine if a company’s stock is valuable or not. The Piotroski F-Score of Genting Singapore PLC (SGX: low valueG13) is 7. A score of nine indicates a high value stock, while a score of one indlow-value stock. The score is calculated by the return on assets (ROA), Cash flow return on assets (CFROA), change in return of assets, and quality of earnings. It is also calculated by a change in gearing or leverage, liquidity, and change in shares in issue. The score is also determined by change in gross margin and change in asset turnover. Turning to Free Cash Flow Growth (FCF Growth), this is the free cash flow of the current year minus the free cash flow from the previous year, divided by last year’s free cash flow. To read more visit: http://www.mmfsolutions.sg/news/singapore-share-market-updatefocusing-lens-genting-singapore-plc-sgx-shares/
19-Apr-2017 3:55 PM

[SGX] SGX MARKET STOCKS & SHARES UPDATE

The following companies may affect their share price on Wednesday CapitaLand Commercial Trust: For the first quarter of financial year 2017, the trust manager reported a higher distribution per unit at 2.40 Singapore cents. Net property income grew by 34.3 per cent to S$69.9 million, while gross revenue increased by 33.9 per cent to S$89.5 million. Distributable income rose 9.9 per cent to S$71.3 million. It also reported that it has gained initial approval from the authorities for its plans to redevelop Golden Shoe Car Park. Ezra Holdings: The offshore support provider's noteholders want the founding Lee family behind the debt-laden listed group to consider a rights issue as a restructuring plan is being drawn up for its Chapter 11 filing under the US bankruptcy code. Healthway Medical Corporation: Ahead of the private healthcare provider's extraordinary general meeting to vote on the second tranche of S$60 million convertible notes, some minority shareholders have raised concerns whether private-equity fund Gateway Partners is there to make a quick buck at their expense. Singapore Stocks of the Day: • SINCAP • TT INTL • SINGTEL • WILMAR INTL For more information about stocks stay updated with daily stock picks or visit http://www.mmfsolutions.sg
19-Apr-2017 3:52 PM

[SGX] STOCK INVESTMENT PICKS FOR THURSDAY TRADING

THE following SGX stock investment picks may affect trading today: Singapore Press Holdings' (SPH) second-quarter net profit slipped 1.2 per cent to S$53.5 million, dragged down by its media business but cushioned by gains from disposing of investments. It has declared an interim dividend of six Singapore cents per share, one cent lower than the year-ago payout. Soilbuild Business Space Reit reported a 4.4 per cent drop in distribution per unit to 1.489 Singapore cents in the first quarter to March, from 1.557 Singapore cents a year ago. Ascendas India Trust (a-iTrust) has signed a term sheet with Arshiya for the proposed acquisition of operating warehouses totalling 832,000 square feet near Mumbai for up to a total of S$116 million. Oxley Holdings' wholly owned subsidiary Oxley MTN has priced its US$200 million notes due 2021 at 6.375 per cent. Singapore Stocks of the Day: • ADDVALUTECH • CEFC INTL • AP OIL • ASIAPHOS • MOYA ASIA Get Live Trading Signal With Us – www.mmfsolutions.sg
13-Apr-2017 2:47 PM

[SGX] IN THE FIRST QUARTER OF 2017 SINGAPORE’S ECONOMY GREW TO 2.5%

SINGAPORE'S economy grew 2.5 percent year on year in the first quarter of 2017, coming below market expectations. The latest reading showed an easing from the 2.9 percent growth in the previous quarter, based on advance estimates released by the Ministry of Trade and Industry on Thursday. Quarter-on-quarter, the economy contracted a seasonally adjusted 1.9 per cent, reversing the strong rebound of 12.3 percent seen in the preceding quarter. The median forecast of 23 economists surveyed by the Monetary Authority of Singapore released earlier was for gross domestic product (GDP) in the first quarter to grow 2.6 per cent year-on-year, up from 1.3 percent previously. The manufacturing sector posted a 6.6 per cent growth year-on-year in the first quarter, moderating from the 11.5 percent growth in the previous quarter. Growth was supported primarily by robust output expansions in the electronics and precision engineering clusters, which outweighed output declines in the biomedical manufacturing, transport engineering and general manufacturing clusters. On a quarter-on-quarter seasonally adjusted annualised basis, the sector saw a pullback in growth in the first quarter, contracting 6.6 percent following the 39.8 per cent surge in the preceding quarter. For more information and live Singapore, market updates visit http://www.mmfsolutions.sg
13-Apr-2017 2:45 PM

[SGX] SGX HAS SET UP A SUBSIDIARY TO HANDLE ITS REGULATORY FUNCTIONS

THE Singapore Exchange (SGX) has set up a subsidiary to handle its regulatory functions and appointed veteran lawyer and director Tan Cheng Han as the new unit's chairman. Prof Tan will step down from his directorships at Chuan Hup Holdings, Keppel Reit Management, Global Yellow Pages, Anwell Technologies and Singapore Technologies Marine. He will also resign as deputy chairman of the SGX Listings Advisory Committee, an independent body that decides on unusual listing-related issues for the exchange. "The resignations ensure Professor Tan is independent of SGX, its members and any company listed on SGX," the market operator said. The new regulation unit is called Singapore Exchange Regulation Pte Ltd, also known as SGX Regco. Its creation was first mooted in July 2016 as a way to more formally segregate SGX's commercial and regulatory obligations. "The formation of SGX Regco is aimed at enhancing the governance of SGX as a self-regulatory organisation," SGX said. "It will make more explicit the segregation of SGX Regco's regulatory functions from SGX's commercial and operating activities. SGX Regco will undertake all front-line regulatory functions now undertaken by SGX's regulation unit and have a separate board of directors from SGX." Current SGX chief regulatory officer Tan Boon Gin has been named the chief executive and a board member of SGX Regco. Other directors are being identified and will be appointed soon. Prof Tan described a vision for SGX Regco as a regulator that has its ear to the ground and eyes focused forward. "A regulatory company independent of SGX, yet pragmatic and innovative, while also attuned to market developments, is a development the market is closely watching," he said. For more information visit http://www.mmfsolutions.g
7-Apr-2017 3:11 PM

[SGX] Gold rallied with haven assets

Gold prices on Comex rallied over the last hour, after fresh reports hit the wires that the US launched dozens of missiles on Syria in response to the Syrian gas attacks, stocking risk-off across the board and thereby, boosting the ultimate safe-haven gold. Currently, gold jumps +0.74% to $ 1263.50, having posted the highest level since Feb 26 at $ 1265.65. Investors are running for cover in gold, after the headlines hit the wires that the US ships fired nearly 60 cruise missiles within 1 minute against various targets near the Syrian airfield. Gold Technical Levels The metal has an immediate resistance at 1280 and 1300. Meanwhile, the support stands at 1252 below which doors could open for 1240.60. TREND INDEX: Bearish AVG BUY PRICE: 1221.33 RECOMMENDATION: BUY To Know the stop loss and target price visit http://www.mmfsolutions.sg
7-Apr-2017 2:55 PM

[SGX] Singapore Stock Investment Update

Singapore stock market prices opened lower on Friday with the Straits Times Index down 2.3 points to 3,173.29 at 9.01am. Volume was 38.6 million shares worth S$ 43.1 million. Gainers outnumbered losers 87 to 36. THESE stock picks may be in focus on Friday: Triyard Holdings on Friday morning announced a net loss of US$6.25 million for the second quarter ended Feb 28, 2017, against a net profit of US$5.28 million a year ago. Healthway Medical Corporation on Thursday said it would conduct a shareholders' meeting with Gateway Partners with regard to the proposed issuance of S$60 million in convertible notes. Hot Singapore Stocks of the Day: • LEY CHOON • KOP • SPACKMAN • KOH ECO Get Live Trading Signal With Us – www.mmfsolutions.sg
7-Apr-2017 2:53 PM

[SGX] CRUDE OIL PRICES SUPPLY FALL WITH RISING US RIG COUNT

Oil futures dipped in early Asian trade on Monday on worries about global oversupply after a higher US rig count pointed to rising US shale production, while a stronger US dollar also put pressure on crude. US West Texas Intermediate crude futures fell 5 cents to US$50.55 a barrel by 0012 GMT after settling 25 cents higher in the previous session. International benchmark Brent futures slipped 11 cents to US$53.42 a barrel. The March contract closed the previous session down 13 cents at US$52.83 a barrel. Both contracts posted their worst quarterly loss since late 2015 in the March quarter. US futures fell nearly 6 per cent from the previous quarter, while Brent lost 7 per cent as rising inventory levels outpaced output cuts by Opec and non-Opec members. Crude oil prices staged a three-day rally last week amid expectations members of the Organisation of the Petroleum Exporting Countries (Opec) and non-members such as Russia would extend production cuts beyond June. Get Live Trading Signal With Us – www.mmfsolutions.sg
3-Apr-2017 2:43 PM

[SGX] STOCK PICKS TO INVEST IN TODAY

Following stock investment picks may be in focus on Monday: Sembcorp Marine: The US District Court for the district of Columbia has ruled in favour of Sembcorp Marine and Jurong Shipyard in a lawsuit filed with respect to their investments in Sete Brasil. Singapore eDevelopment: The group's audit report on its financial statements for the year ended Dec 31, 2016, by its independent auditor Ernst & Young LLP contained an emphasis of matter. The independent auditor drew attention to Note 2.1 in the financial statements which stated certain conditions which indicate a material uncertainty exists that may cast significant doubt on the group's ability to continue as a going concern. Natural Cool: Natural Cool's independent auditor, KPMG, has issued its report for the group's financial statement for FY2016, which included an emphasis of matter in respect of the board's decision to form an internal investigation committee to review irregular transactions and activities of certain subsidiaries in the paint division as announced on Feb 28, 2017. Yangzijiang Shipbuilding: The group announced on Monday that it has won 13 shipbuilding contracts worth US$318 million for the first quarter of 2017. Stock Investment Singapore Market SINGAPORE share prices opened higher on Monday with the Straits Times Index up 8.52 points to 3,183.63 at 9.01am. Volume was 83.2 million shares worth S$140.4 million. Gainers outnumbered losers 92 to 43. More Valuable Singapore Stocks of the Day: • ALLIANCE MINERAL • BLACKGOLDNATURAL • IEV Our recent Stock Recommendations: 1.SGX INTRADAY SIGNAL: BUY IEV AT 0.083 TARGET 0.086, 0.089 SL 0.079 Update: IEV AT 0.089, OUR FINAL TARGET DONE. GIVEN ON 31-MAR-17 FROM 0.083. Get Live Trading Signal With Us @www.mmfsolutions.sg
3-Apr-2017 2:35 PM
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