AmeliaChong

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[SGX] SENIOR MANAGEMENT CHANGES ARE ANNOUNCED BY STARHUB

TELCO and pay-TV provider StarHub said on Friday morning that it is making changes to its senior leadership team. Chong Yoke Sin, newly appointed as chief, enterprise business group, will start on April 3. She was Integrated Health Information Systems chief executive officer from 2008 to 2016. Mock Pak Lum, who joined StarHub as chief technology officer in June 2011, will now be chief business development officer. Chong Siew Loong, who was vice-president of the network engineering division and chief technology officer, will now head the network engineering division. Chief commercial officer Kevin Lim will retire by the end of 2017. StarHub last traded at S$2.87. More Profitable Singapore Stocks of the Day: • Artivision Tech • SunMoonFood • YZJ Shipbldg SGD • Kimly Get Live Trading Signal With Us – www.mmfsolutions.sg
2 days ago

[SGX] SINGAPORE CRUDE OIL RECOVERED FROM LOSSES

Oil prices on Thursday recovered from losses chalked up the session before, but the market remains under pressure as bloated US crude inventories and rising output dampen OPEC-led efforts to curb global production. Prices for front-month Brent crude futures, the international benchmark for oil, were at US$50.95 per barrel at 0033 GMT, up 31 cents from their last close. That came after Brent briefly dipped below US$50 a barrel the previous session for the first time since November. In the United States, West Texas Intermediate (WTI) crude futures were up 33 cents at US$48.38 a barrel, after testing support at US$47 a barrel overnight. Despite the bounce on Thursday, traders said that prices remained under pressure, largely due to a bloated US market and doubts that an effort led by the Organisation of the Petroleum Exporting Countries (OPEC) to cut output were having the desired effect of reining in a global fuel supply overhang. Greg McKenna, chief market strategist at futures brokerage AxiTrader, said OPEC was “underwriting the investment plans and returns of their competition in US shale oil.” McKenna said there was a risk of oil prices dropping further due to US output and a lack of compliance by some producers who said they would cut production. The Energy Information Administration (EIA) said US inventories climbed almost 5 million barrels to a record 533.1 million last week, far outpacing forecasts of a 2.8 million-barrel build. The high inventories come as US oil production has risen over 8 percent since mid-2016 to more than 9.13 million barrels per day (bpd) to levels comparable in late 2014, when the oil market slump started.--REUTERS For more updates and live trading signals visit http://www.mmfsolutions.sg
3 days ago

[SGX] SINGAPORE STOCK MARKET OPEN 0.1% UP AND STI DOWN TO 0.23%

SINGAPORE stocks opened 0.1 per cent higher on Thursday, with the Straits Times Index moving up 2.19 points to 3,120.38 as at 9.01 am. About 60.6 million shares worth S$52.7 million in total changed hands, which worked out to an average unit price of S$0.87 per share. The most actively traded counter was Healthway Medical, which rose S$0.001 to S$0.045 with 12.9 million shares changing hands. Other actives included Yangzijiang and ISR Capital. Gainers outnumbered losers 79 to 41, or about two up for every one down. STRAITS TIME INDEX (STI): Analyst forecasts today won't bring any improvement. The Straits Times Index (STI) ended 7.13 points or 0.23% lower to 3158.57, taking the year-to-date performance to +9.64%, according to SGX. The top active stocks yesterday, March 22, were DBS, which declined 0.05%, Singtel, which declined 1.50%, UOB, which declined 0.27%, CapitaLand, which gained 0.27% and OCBC Bank, with a 0.10% fall. The FTSE ST Mid Cap Index declined 0.12%, while the FTSE ST Small Cap Index rose 0.11%. According to OCBC, the mixed reactions on Wall Street overnight are unlikely to bring any inspiration to the local bourse this morning. Get Live Trading Signal at http://www.mmfsolutions.sg
3 days ago

[SGX] Crude OIL PRICES SEES RISE IN SINGAPORE

Crude Oil prices rose early on Tuesday on expectations that an Opec-led production cut to prop up the market could be extended, and as strong demand was seen to slowly erode a global fuel supply overhang. Prices for front-month Brent crude futures, the international benchmark for oil, were at US$51.76 per barrel at 0043 GMT, up 14 cents, or 0.3 per cent, from their last close. Healthy oil demand would help rebalance markets and support prices. Global demand for 2017 is expected to remain healthy and surpass long-term average growth in demand of 1.2 million barrels per day by between 0.2 and 0.4 million barrels per day. As such, the combination of robust demand and weaker global supply leading to rebalanced markets will not be de-railed by US shale oil. Current Exchange Rate of crude oil is 49.08. Our Latest Recommendation: It is recommended to BUY. For Daily Crude Oil Tips, visit: http://www.mmfsolutions.sg
21-Mar-2017 2:42 PM

[SGX] FY18 to remain a year of transformation for SingPost

Singapore UOB Kay Hian is maintaining its hold recommendation on Singapore Post (SingPost) with a target price of $1.46 as FY17 draws to a close, on the notion that FY18 will remain a “year of transformation” for the group where elevated costs will continue to dampen its earnings. In a Thursday report, analysts Thai Wei-Ying and Andrew Chow say that while they are still positive on SingPost’s long-term prospects, investors are to expect TradeGlobal losses to continue in FY17 due to a revenue gap from losses incurred in 3Q17, as well as cost pressure. At the same time, they remain cautiously optimistic that losses will nonetheless taper off in FY18, on measures such as warehouse automation and new customer onboarding/fulfillment efforts to restructure TradeGlobal. “Furthermore, we note Paul Demirdjian, the newly-appointed interim CEO of the US business, is equipped with strong e-commerce experience,” say Thai and Chow. Another key highlight for FY18, say the analysts, would be the onboarding of SingPost’s new CEO Paul William Coutts on June 1 this year. For more updates, visit: http://www.mmfsolutions.sg
16-Mar-2017 3:00 PM

[SGX] After Share Consolidation Of Speculation Reduction, Nobel Goes Down

TRADERS did not take kindly to commodity trader Noble Group's proposed consolidation of 10 shares into one. "This will help to reduce volatility and improve liquidity, by reducing the bid-ask spread, and concurrently the impact of speculative orders on the stock," Noble said on Wednesday evening. As of 11.51am on Thursday, the counter was trading at S$0.193, down S$0.017 or 8.1 per cent, with more than 250 million shares traded. For more information, visit: http://www.mmfsolutions.sg
16-Mar-2017 2:57 PM

[SGX] GOOD STOCKS TO WATCH: REITS, PROPERTY; SUPER OFFER NOW UNCONDITIONAL

ASIAN stocks will be trading on Thursday after an expected Fed rate hike. Despite the hike, the path of rate hikes for the rest of the year was not as steep as feared, analysts said. That is a positive for commodity-linked and equity-flow-driven emerging market currencies as the fear of a stronger dollar and higher US rates gets dispelled, said Citi Research. These include the Korean, Indian, Indonesian and Malaysian currencies, it said. In Singapore, interest rate-sensitive real estate investment trusts (Reits) might see trading upon expectations of rate hikes being reset to three this year. Property stocks remain in the limelight after the government surprised with a slight tweak to cooling measures last week. Reiterating its "neutral" stance on the sector, Maybank Kim Eng Research said on Wednesday that demand from occupiers remains weak while high land prices drag on developer profitability. "We believe the market should curb their enthusiasm on outperformers and switch to laggard, UOL, after the recent sector rally," the broker said. Meanwhile, Super Group said on Thursday morning that its offer by Jacobs Douwe Egberts has turned unconditional in all respects, and the closing date for the offer has been extended to April 25. This means the takeover attempt will be proceeding as planned given that it has been accepted by more than half of existing shareholders. Shares owned, controlled, or agreed to be acquired by the offeror and concert parties amounted to 56.09 per cent of the company's issued share capital as of March 15. More Profitable Singapore Stocks of the Day: • Alliance Mineral • YZJ Shipbldg SGD • Genting Sing • SingTel Get Live Trading Signal With Us – www.mmfsolutions.sg
16-Mar-2017 2:51 PM

[SGX] SINGAPORE SHARE INVESTMENT MARKET OPEN 0.6 PER CENT UP ON THURSDAY

SINGAPORE stocks opened 0.6 per cent higher on Thursday, with the Straits Times Index moving up 17.86 points to 3,155.29 as at 9.00am. The blue-chip index was buoyed by an overnight US stock market rise. The US Federal Reserve went ahead with an expected rate hike and did not show signs of hiking more than the three times expected in 2017. In Singapore, about 118.2 million shares worth S$122.5 million in total changed hands, which worked out to an average unit price of S$1.04 per share. The most actively traded counter was Noble, which fell S$0.005 to S$0.205 with 10.5 million shares changing hands. Other actives included Yangzijiang and Alliance Mineral. Gainers outnumbered losers 131 to 24, or about five up for every one down. More Profitable Singapore Stocks of the Day: • Alliance Mineral • YZJ Shipbldg SGD • Genting Sing • SingTel Get Live Trading Signal With Us – www.mmfsolutions.sg
16-Mar-2017 2:50 PM

[SGX] S-REITs a shield from uncertainty but stay selective

Singapore, RHB advises S-REIT investors stay selective despite threats of Fed rate hikes as the sector still offers the highest yields as well as yield spreads among its global peers. While growth stocks have gained favour since early 2017 on the back of Trump’s favourable policy stance, risks remains from rising protectionism, financial weakness from rising rates and rapid growth of private sector credit. Today’s Update is on the SGX Stock Market. To know about the all live market updates and its positions for BUY/SELL, Subscribe the 3 Days free Trial here: MMFSolutions.SG
10-Mar-2017 4:00 PM

[SGX] SGX MARKET SHARES FALLS ON FRIDAY

SINGAPORE share prices opened 0.17 per cent lower on Friday, with the Straits Times Index (STI) down 5.42 points to 3,113.42 at 9.11am. The highest value traded stocks were banks UOB (down eight Singapore cents to S$21.34), DBS (down 12 Singapore cents to S$18.82), and shipbuilder Yangzijiang (up 1.5 Singapore cent to S$1.13) at 9.12 am. Overall, 135.8 million shares worth S$97.2 million changed hands, with gainers outnumbering losers 84 to 83 as at 9.11 am. On Wall Street, US stocks ended slightly higher on Thursday. The Dow Jones Industrial Average ended up 2.46 points, or 0.01 per cent, to 20,858.19; the S&P 500 gained 1.89 points, or 0.08 per cent, to 2,364.87 and the Nasdaq Composite added 1.26 points, or 0.02 per cent, to 5,838.81. In Tokyo, stocks also opened higher on Friday with a weak yen boosting exporters. Tokyo's benchmark Nikkei 225 index gained 0.57 per cent, or 109.23 points, to 19,427.81 in early trading, while the Topix index of all first-section issues was up 0.72 per cent, or 11.24 points, to sit at 1,565.92. Valuable Hot Stocks of The Day • CapitaLand • ISR Capital • Global Logistic • YZJ Shipbldg SGD So Earn more With SGX Stock Recommendation. Get Live Trading Signal With Us – www.mmfsolutions.sg
10-Mar-2017 3:59 PM
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