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| 03-Nov-2016 13:36 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Asian Shares Mixed on U.S. Election Uncertainty Asian shares were mixed on Thursday as uncertainty over the outcome of the U.S. presidential race continues to keep traders on edge. Activity in China' s service sector expanded at a faster pace in October, a private gauge showed Thursday, adding to recent signs of firmness in the country' s economy. The Caixin China services purchasing managers index rose to 52.4 in October from 52.0 in September. A reading above 50 indicates a month-to-month expansion while a reading below that points to a contraction. This added to the feedback manufacturing PMI data for China released Tuesday. " I think it' s very positive," said Christoffer Moltke-Leth, director of global sales trading at Saxo Capital Markets about the strong Caixin data. " It also confirmedms to me that China should reach its GDP goal for the year ... equities are Also taking note. " China' s domestic stocks opened lower but started to trade up on the back of the strong Caixin PMI data. The Shanghai Composite was up 0.98%. |
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| 03-Nov-2016 09:07 |
Super Group
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Super Coffee
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1-for-1 bonus shares were allotted and issued on 4 June 2014
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| 03-Nov-2016 08:57 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Stocks To Watch Super Group, StarHub, China Aviation Oil, Breadtalk, Rowsley, GLP |
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| 03-Nov-2016 08:49 |
Super Group
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Super Coffee
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| 03-Nov-2016 08:38 |
Super Group
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Super Coffee
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| 03-Nov-2016 08:24 |
Super Group
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Super Coffee
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Super Group gets $1.30 per share takeover offer from Jacobs Douwe Egberts Super Group, the 3-in-1 coffee manufacturer, has received a $1.30 per share cash 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 . JDE serves consumers in more than 100 countries through brands including Jacobs, Tassimo, Moccona, Senseo, L&rsquo OR, Douwe Egberts, Kenco, Pilao & Gevalia. The offer represents an opportunity for shareholders to realise their entire investment in cash without incurring brokerage and other trading costs, says Sapphire. JDE intends to delist and privatise the company to gain greater control and management flexibility. The offer is subject to the satisfaction or waiver of certain pre-conditions including approvals from anti-monopoly regulators in China and the Philippines. Shareholders of Super holding approximately 60% of the total issued share capital of the company have irrevocably undertaken to tender all of their shares in acceptance of the offer. They include Super' s founder Teo Kee Bock, executive directors Te Lay Hoon and Te Kok Chiew, YHS Investment, a subsidiary of Yeo Hiap Seng, and Tee Yih Jia Food Manufacturing and its founder Sam Goi Seng Hui. |
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| 03-Nov-2016 07:15 |
Super Group
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Super Coffee
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Press Release Singapore, 3 November 2016 - The directors of Super Group Ltd. ( " Super" or the " Company" ), a leading pan-Asian integrated instant food and beverage brand owner and manufacturer, today announced a pre-conditional cash offer for all the ( " JDE" ), the world' s leading pure-play CPG coffee company, subject to the satisfaction of certain pre-conditions. Shareholders of Super holding approximately ( " Offer" ) by a whollyowned subsidiary of Jacobs Douwe Egberts BV 60% of the total issued share of the Company have irrevocably undertaken to Tender all of their shares in acceptance of the Offer. Upon the satisfaction of the pre-conditions (being approvals from antitrust authorities), JDE will launch a voluntary conditional general offer at a price of S $ 1.30 per share. |
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| 03-Nov-2016 06:39 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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S & P posts 7-day slide as US election fears linger Fed holds rates steady U.S. equities closed lower on Wednesday after the Federal Reserve kept interest rates unchanged, while worries surrounding the presidential election weighed on investor sentiment. " There' s no surprises here. This meeting was about setting the mood music ahead of the December meeting. All the signs now point to a hike in December. The labor market is doing well, inflation is creeping up and growth is good," Luke Bartholomew , Fixed income investment manager at Aberdeen Asset Management. That' s why the statement carries enough room for the Fed to wriggle out come December if economic and financial conditions change, " he said." But there' s a small matter of the US election to navigate in between now and the US Federal Reserve' s next meeting. Investors also watched out for new development on the US presidential election front. In less than a week, what seemed like a sure victory for Democratic nominee Hillary Clinton has turned into a tighter race, with Republican nominee Donald Trump' s polling numbers spiking after a letter said The FBI was looking into new emails related to Clinton. Financial markets around the world had largely been settled in a Clinton victory before the letter had been released. " If Clinton had a bigger lead, I think the Fed would feel more comfortable raising rates today," said Adam Sarhan, CEO at Sarhan Capital. In oil markets, U.S. crude prices sank 2.85 percent to settle at $ 45.34 per barrel after the Energy Information Administration reported a crude stockpile build of 14.4 million barrels, the largest increase on record. Gold futures for December delivery rose $ 20.20 to settle at $ 1,308.20 per ounce. |
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| 02-Nov-2016 19:24 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Straits Times Index 2,807.14 -0.23%-6.55▼
Singapore shares close 0.2% lower on Wednesday SINGAPORE stocks ended 0.2 per cent lower on Wednesday, with the Straits Times Index losing 6.55 points to 2,807.14. The blue-chip index retreated after polls in the United States suggested the US presidential election next week may be a closer race than investors might like. About 1.31 billion shares worth S $ 1 billion changed hands, which worked out to an average unit price of S $ 0.76 per share. The most actively traded counter was warehouse owner Global Logistic Properties, which rose S $ 0.155 to S $ 1.945 with 139 million shares changing hands. Other actives included QT Vascular and Noble Group. Losers outnumbered gainers 240 to 119, or about two down for every one up. |
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| 02-Nov-2016 06:36 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Stocks close lower in choppy trade as a Fed meeting, US election loom U.S. equities fell on Tuesday, the first trading day of the month, as the recent election news and a Federal Reserve meeting sent jitters through the market. " Earnings have been better than expected, and that would typically be a catalyst. But that is being negated by the noise on the political front," said Bruce Bittles, chief investment strategist at Baird. " If [Donald Trump] That would set up a sort-of Brexit moment. " The Dow Jones industrial averagedering fell about 200 points in afternoon trade and momentarily broke below 18,000, with Apple contributing the most losses, before closing about 100 points lower. Investors also kept an eye on the Fed, as the central bank began a two-day meeting Tuesday. While the central bank is largely expected to keep interest rates unchanged at this meeting, market expectations for a December rate hike are more than 70 percent. In economic news, the October read on the Markit manufacturing PMI came in at 53.4, above September' s number of 51.5. The ISM manufacturing index for October met expectations at 51.9, while construction spending data for September missed consensus. Overseas, European equities traded mostly lower, with the pan-European Stoxx 600 index falling about 1 percent. In Asia, the Nikkei 225 closed marginally higher after the Bank of Japan held monetary policy steady. US crude prices for December delivery fell 0.41 percent to settle at $ 46.67 per barrel. Gold futures for December delivery rose $ 14.90 to settle at $ 1,288 per ounce. Read more ... |
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| 01-Nov-2016 17:40 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Straits Times Index 2,813.69 -0.01%-0.18▼
Singapore shares close flat after early jump fizzles out BETTER-THAN-EXPECTED China manufacturing numbers on Tuesday helped lift sentiment throughout the region, adding about 19 points to the Straits Times Index at 2,832 during the morning session. By 5pm, however, the index' s gain had been whittled down to a net loss of 0.18 point at 2,813.69, possibly in anticipation of a weak Tuesday for Wall Street. The Dow futures rose 55 points in the morning and traded 20 points higher in the late Evening. Turnover here was a mediocre 1.3 billion units worth S $ 833 million on Tuesday, the 12th consecutive day that the dollar value fell below the S $ 1 billion level that is estimated to be the broking industry' s breakeven point. The average value traded was S $ 0.64 per unit and of the 20 most actively traded counters, 15 were priced below S $ 0.20. |
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| 01-Nov-2016 14:35 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Dow future up 51 points |
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| 01-Nov-2016 14:34 |
Straits Times Index
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Oil prices rise from one-month lows after OPEC approves strategy 58 Mins Ago Oil prices edged higher from one-month lows in early trading in Asia on Tuesday after OPEC agreed on a long-term strategy that was seen as an indication the cartel was reaching a consensus on managing production. But the profits were limited as the market was weighed down by further indications of record output from the group, a sign the glut that has kept a lid on prices is not draining away as fast as the oil bulls would like. The Organization of the Petroleum Exporting Countries (OPEC) approved a document on Monday outlining its long-term strategy that would mean returning to its role managing the market and being more proactive in anticipating market changes. Read more ... |
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| 01-Nov-2016 13:21 |
DBS
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DBS
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Singapore Banking - 3Q16 Round-up: Bulk Of Vulnerable And Lumpy Exposure Already Recognized As NPLs 3Q16 results were characterized by NIM compression, robust non interest income and renewed awareness to trim expenses. DBS and UOB experienced hefty up-tick in new NPLs but expect NPL formation to moderate going forward. Maintain OVERWEIGHT. To recognise NPLs early, followed by DBS. WHAT' S NEW Both DBS ' and OCBC' s 3Q16 results were above expectations. Turning around to positive qoq loan growth. DBS and OCBC registered qoq loan growth of 1.9% and 1.5% respectively as currency has stabilized. (DBS: -0.5% and OCBC: -2.5 % For 1H16) UOB registered the strongest loan growth of 7% yoy as it has traditionally been less reliant on trade. NIMs were down 10bp for DBS and 6bp for OCBC due to the steep correction in SIBOR and SOR. UOB' s NIM was relatively flat as compression occurred earlier in 2Q16. NIMs are expected to bottom in 4Q16 and stabilise thereafter. Robust non-interest income DBS achieved a superior growth of 18.8% yoy in fee income, vs 4.9% yoy for OCBC and 1.4% yoy for UOB. For OCBC, contribution from the insurance business normalized to S $ 199m in mark-to- Market gains from its equity and bond portfolios. Net trading income was robust for all three banks. Trimming expenses. Banks have started to pay more attention to cost rationalisation. DBS cut operating expenses by 4.8% yoy. The increases in operating expenses have also moderated to 5.9% yoy for OCBC and 1.6% yoy for UOB. New NPLs predominantly from O & G. NPL ratios have deteriorated by 0.2ppt for both DBS and UOB to 1.3% and 1.6% respectively due to exposure to the oil & gas (O & G) sector. The deterioration in asset quality for OCBC was mild as there were Upgrades to restructured NPLS which were recognised early last year. Well capitalised. DBS has the highest CET-1 CAR of 13.5%, followed by 12.8% for OCBC and 12.4% for UOB. ACTION Maintain OVERWEIGHT. Banks are likely to have already recognized most vulnerable large / lumpy exposure to the O & G sector as NPLs. While asset quality remains under pressure and negotiation for refinancing are on-going, we think NPL formation should moderate going forward. SECTOR CATALYSTS Sluggish economic growth. Banks are confronted with an extended period of sluggish growth, especially in Singapore. They have to stay prudent and conservative to weather this period of anaemic growth Attractive valuations. Valuations for banks are undemanding with DBS trading at 2016F P / B of 0.89x (1SD below mean) and OCBC at 1.00x (2SD below mean). The sector provides an attractive dividend yield of about 4%. ASSUMPTION CHANGES As per our results notes for DBS and OCBC. RISKS Further economic slowdown and political risks in regional countries. Source: UOB KayHian Research |
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| 01-Nov-2016 10:31 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Singapore Shares Chart Their Own Course Singapore' s benchmark index is up in the first hour of trade Tuesday, recovering from a sharp fall last week. The Straits Times Index has added 13.54 points, or 0.5%, to trade at 2827.41, after shedding 1.5% in the previous five trading days. The cues from global markets are not strong, with a tepid U.S. market and several Asian rivals cautious ahead of big data events. Singapore Telecommunications, which is favorably in times of uncertainty, has added 1% at S $ 3.92. DBS Group Holdings is up 0.7% at S $ 15.11 after its earnings report on Monday showed resilience amid rising bad. Rival Oversea-Chinese Banking Corp. is up 0.9% at S $ 8.56, while United Overseas Bank is up 0.3% at S $ 18.83 as local banks recover after their earnings show investors that they are staying prudent to tide over their troubles. The Hang Seng Index in Hong Kong is rising higher, trading up 1.15% at 23197.59 points, following the release of Chinese manufacturing data suggesting China' s economy is stabilizing. The Caixin China PMI reading for October came in at 51.2, up from 50.1 in September. Earlier in the session, the official PMI weighed in at 51.2 in October, against expectations for 50.3 and up from 50.4 in September. A figure above 50 indicates expansion. Asian Indexes
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| 01-Nov-2016 09:05 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Stocks To Watch OUE-HT, Rickmers Maritime, Swiber, Ley Choon, Baker Tech, Top Global, iX Biopharma |
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| 01-Nov-2016 08:49 |
DBS
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DBS
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No share buy-back.
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| 01-Nov-2016 06:21 |
Straits Times Index
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Stocks slide in October US election in focus U.S. equities closed around breakeven on Monday, after gyrating on slight gains and losses as an investigation into new Hillary Clinton emails kept investors on edge. The Dow Jones industrial average closed about 20 points lower, with Goldman Sachs contributing the most gains and Nike the most losses. The index also posted its narrowest single-day trading range since September 7 and the third-narrowest of 2016. " Punch drunk from the highly unanticipated Brexit outcome, institutional investors will take a wait and see approach until they have more clarity on how the balance of power in Washington will settle," said Jeremy Klein, chief market strategist at FBN Securities. That said, Raymond James Chief Investment Strategist Jeffrey Saut said he still expects stocks to end the year at all-time highs. " Fundamentals have changed. GDP has come in better than expected and ... earnings have improved," he said. Added that stocks were not trading much more lower on Monday because Clinton is " still the odds-on-favorite" to win. The U.S. economy grew 2.9 percent in the third quarter, according to Commerce Department data released Friday. U.S. stock futures rose slightly before the bell, as investors parsed through corporate earnings, a merger announcement between Baker Hughes and General Electric, and economic data. " We think the energy market is becoming more attractive, and GE seems to think so as well," said Chuck Self, CIO at iSectors. " If you see oil prices picking up again, then we think energy could become a pretty attractive trade. U.S. crude fell 3.78 percent to settle at $ 46.86 per barrel as non-OPEC countries have yet to commit to any output limitations. " The problem for OPEC is what number should they use when they are talking about production freeze from other countries, should this be audited number or external third party number?" Said Naeem Aslam, chief market analyst at Think Markets. Will have to wait until their meeting and hope will be their only friend until then if they want to see supply cut. The Fed is scheduled to hold a two-day meeting starting Tuesday, where it is largely expected to keep monetary policy unchanged. Gold futures for December delivery fell $ 3.70 to settle at $ 1,273.10 per ounce. Read more ... |
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| 31-Oct-2016 22:51 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Singapore identifying measures to help struggling marine sector The Singapore government is considering whether to help the city-state' s marine and offshore engineering (M & OE) sector, which is facing a prolonged downturn due to the slump in the oil market, the trade and industry minister said on Monday. " The government is studying, in consultation with the M & OE industry and financial institutions, the need for measures for the sector," S Iswaran said in a speech. " However, while the government will endeavor to render assistance where appropriate, it can not be a panacea." He did not elaborate what future steps might be, but that companies can also tap on measures that are already in place, such as government-backed loans that help small businesses deal with cash flow concerns and financing needs. The government is also investing S $ 107 million to help develop a new research center for the industry, he said. Several companies in Singapore, a hub for shipbuilding and offshore support firms, have been hit by the almost two-year rout in oil prices and a slowing economy. Among those, oil services firm Swiber Holdings went into judicial management this month. The weak growth outlook has prompted analyst expectations of more government stimulus for the economy. REUTERS |
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| 31-Oct-2016 17:52 |
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Straits Times Index 2,813.87 -0.08%-2.39▼ 16 5:04 PM
Singapore shares close marginally weaker The Straits Times Index drifted to a 2.39-point loss at 2,813.87 on Monday, the last day of October. Possibly thanks to month-ending " portfolio rebalancing ' ' , turnover generally to 1.2 billion units worth S $ 978 million - still below the ballpark S $ 1 billion industry breakeven point but nonetheless an improvement over last week' s S $ 770 million average. Excluding warrants there were 179 rising versus 189 falls, indicating a mixed session. Over in Hong Kong, the Hang Seng Index turned slightly weaker whilst the Dow futures rose about 40 points in Asian trading but lost about half of this by 5pm. Among local blue chips, DBS reported Q3 net profit of S $ 1.07 billion, unchanged from a year earlier and marginally better than the S $ 1.04 billion thatriers had expected. Its shares ended S $ 0.10 higher at S $ 15 on volume of 5.1 million. Elsewhere in the sector, shares of UOB ended S $ 0.15 higher at S $ 18.78 with 3.5 million traded. In reviewing the bank' s latest results, RB said it remains " neutral ' ' on the stock as it forecasts a rise in non- Set a target price of S $ 18.90 for UOB. |
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