Wednesday 30 November 2016

Stock Market Today :O&G sentiment could recover in 2H17, says OCBC



OCBC Investment Research believes the worst might be over for the oil and gas sector, with less downside risk than a year ago and most of the negatives having been priced in.

Currently, many companies are now trading at about 0.5x book or lower, with a few exceptions, says OCBC lead analyst Low Pei Han in a Wednesday report.

The challenge now, Low says, is in "picking companies with the ability to ride the downturn" and "identifying the inflection point in which a sustainable recovery would begin.

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Tuesday 29 November 2016

Stock Market Today :CITIC Envirotech up 3.6% on stock split proposal



Shares of CITIC Envirotech rose as much as 3.6% on Tuesday as the company proposes to split each share into two.

In a Monday filing, the China-based environmental engineering company said the move is aimed at making the stock more affordable for investors and enhancing its trading liquidity.

CITIC Envirotech has an issued and paid-up share capital of $542.2 million, comprising 1.13 billion shares.

Upon the completion of the stock split, the number of issued shares will rise to 2.25 billion.

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Monday 28 November 2016

Stock Market Today :Singapore's GIC hires big data expert in quant strategy push


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GIC has hired a big data expert as it expands computer-driven investments through a quantitative group started earlier this year.

The Singapore sovereign wealth fund appointed Michael Recce in the newly created role of chief data scientist last month to work in the GIC Data and Analytics
Department, according to a spokeswoman. Recce, a former associate professor at the New Jersey Institute of Technology, is based in Singapore and is focusing on collecting publicly available data and analysing them for patterns.

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Friday 25 November 2016

Stock Market Today : YuuZoo agrees to invest initial US$15 mil in US movie studio Relativity



Yuuzoo Corporation has agreed to make a minimum equity investment of US$15 million ($21.5 million) in Relativity, the US-based movie studio, with an option of investing an additional US$135 million.

This will be funded by a combination of debt financing and/or other fund raising exercises to be carried out by Yuuzoo.

In a Friday filing to the Singapore Exchange (SGX), Yuuzoo says this latest agreement will supersede those previously announced.

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Thursday 24 November 2016

Stock Market Today :Singapore narrows 2016 growth forecast to 1-1.5%



The Singapore economy is expected to expand between 1 to 1.5% this year, compared to the earlier forecast of 1 to 2%, says the Ministry of Trade and Industry (MTI) in its latest Economic Survey of Singapore.

Next year, growth is forecast to come in at between 1 to 3% on the back of a slighter stronger global outlook.

Before the market opened on Thursday morning, MTI announced the economy contracted 2.0% in the third quarter, narrower than the projected 4.1% contraction in advance estimates.

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Friday 11 November 2016

STOCK INVESTMENT : KGI downgrades Ezion to 'sell' on weak fundamentals .

Image result for Ezion

KGI Securities has downsized Ezion Holdings to an offer from a hold because of the organization's feeble essentials and high valuation contrasted with worldwide companions.

"Since our last redesign, Ezion's share cost has ascended by around 50 for each penny and presents impressive drawback hazard. Along these lines, we downsize Ezion to offer,'' KGI expert Joel Ng composed.

He has an objective cost of 20 Singapore pennies for Ezion, which gives benefit rigs and seaward coordinations bolster administrations to the oil and gas industry.

At 10.24am, Ezion was exchanging at S$0.315 a share, down 1.5 Singapore pennies, or 4.545 for each penny. More than five million shares changed hands.

A key sympathy toward the stock is the organization's powerless income position and arranged capital use of US$160 million to US$180 million for financial year 2017. This, Mr Ng said, may put advance weight on its accounting report if working money streams were to debilitate one year from now. He likewise noticed that Ezion's net outfitting after its rights issue is still raised.

Tormenting the stock is likewise the overarching supply overhang in the seaward bolster part. "We can expect facilitate decrease in usage and day rates, putting Ezion's now low profit for value under further weight,'' Mr Ng said.

The stock could be hosed if there are further compose downs or disabilities, higher than anticipated capital consumption because of upkeep and redesign works, and deferrals in receivables accumulation that may put weight on its accounting report.

Notwithstanding, a supported rally in raw petroleum costs above US$60 a barrel driven unsuspecting and geopolitical issues could give an upward impetus.

Ezion investigated Thursday that its second from last quarter net benefit fell 69 for every penny to US$9.4 million from US$30.3 million a year prior.


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Friday 4 November 2016

Stock Market Today :10 predictions for tech's role in Asia Pacific-ex Japan for 2017 and beyond



SINGAPORE (Nov 4) Starting from 2017, digital transformation (DX) will progress towards macroeconomic scale over the next 3-4 years to change the way enterprises operate and reshape the global economy, says International Data Corporation (IDC) Asia/Pacific.

The provider of market intelligence calls such a phenomenon the dawn of the "DX economy" - a result of enterprises committing to DX on a massive scale.

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Thursday 3 November 2016

Stock Market Today : UOB's 3Q earnings fall 7.8% to $791 mil on absence of one-off gain, higher allowances




SINGAPORE (Nov 3): Super Group, the 3-in-1 coffee manufacturer, has received an offer to take over the company from Netherlands-incorporated Jacobs Douwe Egberts (JDE), a global player in the tea and coffee business.

Offerer Sapphire Investments, a JDE subsidiary, is offering $1.30 for each share it does not own. The offer price is 34% than Super's last traded price of 97 cents on Oct 31 before it called for a trading halt and values the deal at $1.45 billion.

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Wednesday 2 November 2016

Stock investment : OCBC cites compliance burden as reason to expand private bank .

Image result for OCBC

Oversea-Chinese Banking Corp's Chief Executive Officer Samuel Tsien said surging consistence expenses are one variable impelling him to grow his Asian riches administration business, when some abroad contenders are withdrawing.

That is on account of the quickly extending expenses of consenting to against government evasion, charge consistence and other administrative prerequisites - ascending by 35% every year over the entire bank - should be spread out crosswise over however many charge producing customers as would be prudent, as per Tsien.

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