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STI 3,000 boosted by pivot investors mkt players
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WanSiTong
Supreme |
10-Feb-2015 13:23
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Asia: Stocks hit by Greek fears, China data spurs Shanghai 10 Feb [HONG KONG] Asian markets slipped on Tuesday on renewed fears that Greece will default on its debt obligations, while Shanghai bucked the trend after China released data showing inflation at its lowest level in more than five years. Investors took their cue from New York and Europe as the new anti-austerity government in Athens refused to back down on demands to renegotiate its bailout, putting on a collision course with its creditors. Tokyo fell 0.64 per cent, Hong Kong gave up 0.19 per cent, Sydney fell 0.32 per cent, Seoul was 0.29 per cent lower and Shanghai gained 0.38 per cent. Greece' s newly elected far-left leaders have pledged to stick by their demands for a renegotiation of the country' s stringent bailout demands, which they describe as " toxic" . Ahead of a European Union summit on Thursday, Prime Minister Alexis Tsipras and his Finance Minister Yanis Varoufakis are asking for bridging loans so they can come up with an austerity-free reform deal to run from September 1. But European Commission chief Jean-Claude Juncker warned he did not expect any new deal to be reached at the meeting in Brussels, despite Mr Tsipras saying he was " optimistic that we can reach a compromise" . German Chancellor Angela Merkel on Monday pressed Greece to present a " sustainable" finance plan, as Athens' insistence sparked fresh fears of a euro exit. On Wall Street the Dow fell 0.53 per cent, the S& P 500 dropped 0.42 per cent and the Nasdaq eased 0.39 per cent. Earlier, key markets in London, Frankfurt and Paris ended lower, while Athens ended down almost five per cent. The euro managed to hold up, buying US$1.1330 and 134.23 yen, compared with US$1.1325 and 134.35 yen in New York The dollar was at 118.48 yen against 118.64 yen. Shanghai advanced on hopes for more monetary easing after data showed inflation in China had tumbled to 0.8 per cent in January, well down from 1.5 per cent in December and the lowest since November 2009. The figures, which come despite an interest rate cut in November, are the latest to highlight problems in the world' s number two economy and raise the spectre of possible deflation. Mainland traders are hoping they will spur more easing measures by Beijing. " The rising deflation risks require further monetary policy easing," Liu Li-Gang and Zhou Hao at Australia & New Zealand Banking Group wrote in a note before the data, according to Bloomberg News. " We believe this is just a beginning of an effective policy easing cycle." Oil prices retreated after enjoying another day of strong gains Monday that came after the Opec cartel forecast non-Opec supply growth in 2015 would be lower than its previous estimate, and would be led by a cut in US output. Prices had already been rising as the number of rigs drilling fell and energy firms cut investment. On Tuesday, US benchmark West Texas Intermediate for March delivery fell 53 cents to US$52.34, while Brent crude for March eased 57 cents to US$57.77. However, the IEA said prices would only partially recover after their recent sharp falls of more than 50 per cent since June. Citing a major shakeup in the oil markets, it said in its five-year forecast that crude prices will climb to around US$73 per barrel by 2020. Gold fetched US$1,242.18 an ounce, against US$1,242.23 on Monday. |
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teeth53
Supreme |
10-Feb-2015 13:22
Yells: "don't learn through life, learn to grow with life " |
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The growing interest of investors into Singapore has been accompanied by a rise in trade which has made the city-state as trading partner, as an example more then 5,000 Russians are resident in S'pore, compared with several hundred 10-yrs ago.
?There are a lot of people from German, Russia and and from china looking for opportunities to invest,? said a senior banker, who asked not to be named. "Their personal wealth, looking for lucrative investment opportunities. Some of that is coming to Singapore.? The increase in interest, follows the abandonment of total banking secrecy in Switzerland under pressure from the US and European Union countries concerned it was being used to avoid taxes. |
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hlfoo2010
Master |
10-Feb-2015 12:33
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CNY 红 烧 肉 http://www.baidu.com/s?ie=utf-8& wd=%E7%BA%A2%E7%83%A7%E8%82%89& tn=huochecom_cpr& rsv_lu=5& fenlei=mv6qUZNxTZn0IZRqIHD1nWDvn1b0T1YvPWD3uh7hn19bmH6knvPB0AGo5HN9uHDkrjfdnHnkm1w-mHb0IAYqnHcdnj6YrfKWuWYd0ZFB5HD0UZNopHYL0AP8IA3qpZNEmv9-mvqVgvPsT6K1TL0qnfK1TL0z5HD0IgF_5y9YIZ0-nYD-nbm-nbuLILT-nbNhmy4Wmyb-nbNWUvY-nbuWXaRzwaRzPRRvFHcdrHm-nWNanaRzPRRdFHcdrDD-nWNKnaRzPRRdFHcdrRf-nWNKniRzPRRvFHcdrHm-nWR4riRzPRRLFHcdrH0-nWR3PBRzw60 |
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teeth53
Supreme |
10-Feb-2015 11:48
Yells: "don't learn through life, learn to grow with life " |
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www.nationmultimedia.com/.../Spore-ov...
18 hours ago - In ranking of largest wealth, growth in market share for some countries has not been driven by a net growth in new client assets, said Deloitte. New ideas needed to attract tourists to S'pore, say experts. Deloitte last updated : 2015-02-09 15:28:38 -> 359 view(s). Singapore to be the fifth largest wealth management centre in the world, a new report has shown. |
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teeth53
Supreme |
10-Feb-2015 11:33
Yells: "don't learn through life, learn to grow with life " |
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S'pore logged in "respective" growth of 25% to reach US$0.470 trillion or US$470 billion (SGD$636 bil) in assets last year.
Taking up world most attractive placing on the sixth place in Deloitte's ranking. An increased of US$40 billion in net new assets. "Switzerland remain world no-1 with 2.04 US trillion, down from 2.14 trillion. Hong Kong charges ahead from 0.53 trillion (US$530 billion) to 0.64 trillion (US$640 billion) and taking up fifth place ranking. |
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attilio
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10-Feb-2015 09:03
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FROM: http://www.valor.com.br/international/news/3893896/jurong-shipyard-tries-grapple-petrobras-crisis 12:00 AM (GMT -03:00) &ndash Feb 05 2015 Jurong Shipyard tries to grapple with Petrobras crisisBy Marcos de Moura e Souza | Aracruz, Espí rito Santo Company is not being paid by Sete Brasil and already considers going to court, dismissing workers and halting operation |
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WanSiTong
Supreme |
10-Feb-2015 08:20
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Singapore shares may slip eyes on banks February 10, 2015 : 8:01 AM SINGAPORE (Feb 10): Singapore shares may slip in early trading after stocks on Wall Street retreated overnight on concerns over Greece' s standoff with its creditors. A sharp q-o-q fall in DBS' s 4Q2014 earnings, due to higher allowances, may weigh on its shares and throw the spotlight on OCBC and UOB . The Dow Jones Industrial Average slipped 0.5% to 17,729.21, the S& P 500 shed 0.4% to 2,046.74 and the Nasdaq Composite declined 0.4% to 4,726.01. In Singapore, the Straits Times Index fell 0.4% to 3,418.02 yesterday. COMPANIES IN THE NEWS: A surge in allowances and lower trading income sent DBS Group Holdings ' 4Q2014 earnings down 17% q-o-q to $838 million. Total allowances for the quarter increased 19% to $211 million from $177 million in 3Q2014. Compared to 4Q2014, allowances went up even more, by 40%. DBS shares rose 0.4% to $19.45 yesterday. A weaker harvest in Peru, from where it gets more than half of its revenue, led to a 13% y-o-y decline in China Fishery Group' s earnings for the December quarter. Earnings came in at US$12.8 million ($16 million), compared with US$14.8 million a year earlier. The weaker results hit the bottom line of its parent Pacific Andes Resources Development , which reported a 22.4% fall in earnings for the December quarter to HK$80.5 million ($14 million). China Fishery shares fell 3.7% to 26 cents yesterday, while Pacific Andes shares closed 1.8% lower at 5.5 cents. Falcon Energy has increased the offer price for its proposed takeover of CH Offshore to 55 cents a share from 49.5 cents. CH Offshore shares ended flat at 51 cents yesterday. Serial System has been appointed a distributor by Fairchild Semiconductor in Greater China, Southeast Asia and India. Serial System shares fell 1.5% to 13.3 cents yesterday. Valuetronics Holdings' earnings for the quarter ended Dec 31 rose 10.3% y-o-y to HK$39.2 million ($6.8 million) on a foreign-exchange gain and higher revenue. Valuetronics shares ended flat at 38.5 cents yesterday. Keppel Land will pay $186 million for a freehold office building in London' s central business district. Keppel Land shares fell 0.2% to $4.53 yesterday. DMX Technologies said its CEO Jismyl Teo and chief financial officer Skip Tang were arrested by the Commercial Crime Bureau of the Hong Kong Police Force last week. The Hong Kong authorities are conducting an investigation relating to events in 2008, according to DMX. DMX shares were not traded yesterday. They last closed at 16.1 cents. Starburst Holdings has secured a contract worth $2.5 million to supply and install a firearm training facility in the Middle East. Starburst shares fell 2.5% to 58.5 cents yesterday. AusGroup' s earnings for the quarter ended Dec 31 fell 60% y-o-y to $920,000 from $2.3 million. Its bottom line in the previous quarter was inflated by a one-time gain from the sale of a property in Singapore. AusGroup shares rose 1.7% to 30 cents yesterday. Parkson Retail Asia' s December-quarter earnings fell 24.6% y-o-y to $10.2 million Parkson Retail shares fell 1.3% to 75 cents yesterday. |
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WanSiTong
Supreme |
09-Feb-2015 17:58
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China: Shares rebound as first stock options debut 9 Feb [SHANGHAI] China stocks closed up on Monday, recovering from slides the previous week, as excitement around the launch of the country' s first stock options offset worries over the economy following worse-than-expected trade data. Index heavyweights including banking and insurance shares climbed after China' s first options, based on the exchange-trade fund (ETF), began trading in Shanghai. Euter The underlying ETF tracks the SSE50 index, composed of the 50 most heavily weighted stocks on the bourse, reflecting regulators' desire to guide money into blue chips. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 1.0 percent, to 3,345.92, while the Shanghai Composite Index gained 0.6 percent, to 3,095.12 points. Among the most active stocks in Shanghai were Bank Of China , up 0.5 per cent to 4.03 yuan CITIC Securities , up 3.9 per cent to 29.41 yuan and Agricultural Bank Of China, up 0.3 per cent to 3.23 yuan. In Shenzhen, BOE Technology, down 2.4 per cent to 2.80 yuan Shenwan Hongyuan, up 3.8 per cent to 15.52 yuan and Changjiang Securities, up 7.6 per cent to 14.09 yuan were among the most actively traded. Total volume of A shares traded in Shanghai was 20.5 billion shares, while Shenzhen volume was 12.0 billion shares. |
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WanSiTong
Supreme |
09-Feb-2015 17:51
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Singapore shares down on data from China, US February 9, 2015 : 5:40 PM SINGAPORE (Feb 9): Singapore shares ended mostly lower as economic data from China and the US prompted investors to reduce their exposure to risk assets. Lingering concerns over Greece' s standoff with its creditors also weighed on sentiment.
Adding to worries of China' s slowdown, official data released on Sunday showed the country' s exports fell more than 3% in January while imports declined almost 20%. The news came two days after the US upgraded employment growth figures for November and December and said companies added 257,000 new jobs last month, more than economists had forecast. Many in the market took the encouraging jobs data to mean that the US Federal Reserve might raise interest rates earlier than expected. " The Fed is faced with a dilemma: to decide when it can raise interest rates, as ' international developments' must be balanced against domestic strength and risks for financial stability, " Societe Generale analysts Patrick Legland and Daniel Fermon wrote in a note to clients. " Markets have delayed their expectations on the timing of a rate hike, but a stronger employment situation may force the Fed to move sooner, and a June ' lift-off' cannot be entirely ruled out," they said. The Straits Times Index fell 0.4% to 3,418.02. Some 1.08 billion shares worth $1.04 billion changed hands, compared with 1.08 billion shares worth $1.22 billion last Friday. Decliners outnumbered gainers 268 to 157. Hutchison Port Holdings Trust fell 4.9% to 68.5 US cents, closing below 70 US cents for the first time since Jan 16, on disappointment with its 2014 results and management' s guidance for a lower payout this year. A huge impairment in 4Q2014 left it with a full-year net loss of HK$17.2 billion. Golden Agri-Resources declined 4.4% to 43.5 cents on profit-taking following a huge rally last Friday sparked by Indonesia' s decision to raise subsidies for biodiesel, which is made from crude palm oil. Other plantations stocks also retreated. Indofood Agri fell 2% to 72.5 cents, Wilmar International shed 1.8% to $3.22, First Resources gave up 2.5% to $1.92 and Bumitama Agri lost 1.9% to $1.04. Singapore Airlines declined 2.4% to $11.84 after the carrier unveiled a lower operating profit for the December quarter and warned of tough times ahead as competition remained elevated. Europtronic Group tumbled 16.7% to 2.5 cents, in a sign that investors were uncertain about the electronic components maker' s plan to buy an oil producer and trader in Dubai. |
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risktaker
Supreme |
09-Feb-2015 16:14
Yells: "Posts are opinions. Do not take it as investment advise " |
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Market looks damn terrible....becareful | ||||
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risktaker
Supreme |
09-Feb-2015 14:44
Yells: "Posts are opinions. Do not take it as investment advise " |
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Looks like a good day to short the mkt.... dow at near high..... | ||||
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WanSiTong
Supreme |
09-Feb-2015 12:39
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A handsome man ...Lol !
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WanSiTong
Supreme |
09-Feb-2015 12:38
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Singapore shares down STI outlook hinges on earnings from banks, Singtel February 9, 2015 : 12:31 PM SINGAPORE (Feb 9): Growing uncertainty over China' s economic health and concerns that interest rates in the US may go up earlier than expected kept appetite for Singapore shares subdued.
Weak earnings from companies like Singapore Airlines and Hutchison Port Holdings Trust and profit-taking on commodity stocks after a big rally late last week also weighed on the Straits Times Index. The benchmark was down 0.1% at 3,427.13 at 12:15pm (0415 GMT). " Whether the STI is able to clear the 3,450 level soon will depend on earnings revisions when index heavyweights (like) banks and Singtel release their results this week," said DBS Vickers. " Otherwise, it could be closer to the end of 1Q before the STI ascends above 3,450." SIA fell 1.8% to $11.91 after the carrier reported lower operating profit for the December quarter. HPH Trust declined 4.9% to 68.5 US cents in reaction to a big impairment charge that pushed the port operator into the red in 4Q2014. " While the impairment is a non-cash item and will not affect the trust&rsquo s cash flow generation and debt servicing ability, we note that unit holder' s net asset value per unit (after deducting DPU) has dipped significantly from HK$7.26 (end-FY13) to HK$4.86 (end-FY14)," said OCBC Investment Research. Yoma Strategic Holdings declined 1% to 51.5 cents. The company said this morning that revenue for the December quarter fell 17.2% y-o-y to $25 million on lower sales of land development rights. Earnings rose 50% to $7.8 on a foreign-exchange gain. |
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gavinl
Supreme |
09-Feb-2015 10:12
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Too big till cant see. Lol,what is it?
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WanSiTong
Supreme |
09-Feb-2015 10:04
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Oil extends rally after best week since 2011 9 Feb8:50 AM [SINGAPORE] Oil prices jumped on Monday as falling US oil rig counts and conflict in producer Libya helped stretch a rally from last week when crude surged the most since 2011. Brent crude for March delivery was up 1.3 per cent at US$58.57 a barrel by 0003 GMT after rising as high as US$59.06 earlier in the session. The crude benchmark gained more than 9 per cent last week, its biggest weekly rise since February 2011. Brent has climbed more than 18 per cent in the past two weeks, its best such showing since 1998. US crude was up 2 per cent at US$52.74 a barrel, after hitting a session high of US$53.40. The number of rigs drilling for oil in the United States fell by 83 this week to 1,140 - the lowest since December 2011 - a survey showed on Friday, a clear sign of the pressure that tumbling crude prices have put on oil producers. Stronger-than-expected growth in US jobs in January helped spur the rally on Friday, as nonfarm payrolls increased 257,000, outstripping Wall Street forecasts. The sustained gains in oil prices came even as weekend data showed further economic weakness in China, the world' s No. 2 oil consumer. China' s trade performance slumped in January, with exports falling 3.3 per cent from year-ago levels while imports tumbled 19.9 per cent, far worse than analysts had expected and highlighting a deepening slowdown. Elsewhere, a strike by security guards has closed Libya' s eastern oil port of Hariga, the country' s last functioning export port apart from two offshore fields, a port official said on Sunday. |
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GorgeousOng
Supreme |
09-Feb-2015 09:05
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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Very sorry to all!!! I did not realize that the pic is so big!!! Sorry again!!! |
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GorgeousOng
Supreme |
09-Feb-2015 09:01
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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Leaked HSBC List Shows Who Was Banking on Swiss SecrecyBy David Kocieniewski - 9 Feb 2015 7:30:13 am  The HSBC leak began as a rogue operation by a computer technician, Herve Falciani, who left the company in 2008 with five disks of confidential information. Photographer: Kenzo Tribouillard/AFP/Getty Images(Bloomberg) -- The private-banking unit of HSBC Holdings Plc made significant profits for years handling secret accounts for an array of criminals, from drug cartels and arms dealers to tax evaders and fugitive diamond merchants, according to a report released Sunday by an international news organization. HSBC is among a handful of banks to face criminal prosecution in recent years for its role in a Swiss banking system that allowed depositors to conceal their identities, and in many cases dodge taxes or launder ill-gotten cash. The report, prepared by the Washington-based International Consortium of Investigative Journalists, revealed for the first time the massive sweep of HSBC&rsquo s private-banking arm as of 2007, when it controlled $100 billion in assets and served a swath of wealthy depositors from the elite to the illicit. The report is based on a list of HSBC clients from around that time that a onetime employee took from the bank and turned over to European officials, sparking tax investigations from Argentina to France, Belgium and Greece. While some of the list&rsquo s names have emerged before, Sunday&rsquo s report drew from a more comprehensive list of accounts associated with more than 100,000 people and legal entities from more than 200 nations. Depositors included royal families and convicted cocaine dealers, ambassadors and terror suspects, entertainers and elected officials, corporate executives and athletes. To these and other clients, the bank actively promoted its accounts as an efficient way to hide assets from tax collectors, according to the report. &lsquo Radical Transformation&rsquoHSBC, in a written response to the report, said its compliance efforts had been insufficient. It pointed out that the bank had undergone &ldquo a radical transformation&rdquo since 2007 and now enforced far more stringent reporting requirements. &ldquo HSBC has initiated numerous initiatives designed to ensure that its banking services are not used to evade taxes or launder money,&rdquo the statement said. London-based HSBC operates in more than 70 countries and has a private-banking unit located in Geneva. The report said the bank held deposits for controversial figures such as the political operative for the late Haitian President Jean-Claude &ldquo Baby Doc&rdquo Duvalier, who was accused of embezzling hundreds of millions before fleeing his country, as well as fugitives like diamond dealers Mozes Victor Konig and Kenneth Lee Akselrod, whose names appear on the wanted list run by Interpol, the international police agency. Putin TiesOther depositors have appeared on U.S. sanction lists, including Russian oligarch Gennady Timchenko, a billionaire whose close ties to Russian President Vladimir Putin put him in the U.S.&rsquo s sights after Russia annexed Crimea. Anton Kurevin, a spokesman for Timchenko&rsquo s Volga Group, declined to comment. Disclosures about HSBC&rsquo s clients are the latest blow to the Swiss private banking system, which once offered near-impenetrable privacy to depositors. Most countries don&rsquo t forbid citizens from holding offshore accounts, and many are used for legitimate purposes. Among many entertainers who held accounts, according to the report, was rock star David Bowie, a Swiss citizen. It didn&rsquo t accuse him of wrongdoing. A spokesman for Bowie didn&rsquo t respond to e-mails seeking comment. The accounts also attracted depositors eager to shield their money from creditors, ex-spouses, political opponents and law-enforcement agencies. Diplomatic PressureOver the past several years, investigations by the Internal Revenue Service and U.S. Justice Department have used the threat of criminal prosecution and financial sanctions to pressure UBS Group AG and Credit Suisse Group AG to pay fines and turn over the names of thousands of depositors. Diplomatic pressure persuaded the Swiss government to enact stricter reporting regulations. The HSBC leak began as a rogue operation by a computer technician, Herve Falciani, who left the company in 2008 with five disks of confidential information. A self-described whistleblower, Falciani provided details on the 100,000-plus accounts to French Finance Minister Christine Lagarde, now head of the International Monetary Fund. She passed details from the cache -- which came to be known as the Falciani List or Lagarde List -- to governments around the world. When some account-holders&rsquo names emerged during the financial crisis, the narrative of banks helping the wealthy avoid taxes fueled political tensions, especially in Europe where many governments were preaching austerity and slashing social services. Investigators in various European countries have said the information in the leaks has helped them collect billions of dollars in unpaid taxes. The IRS, which according to French officials also received the HSBC depositors lists, has declined to say how much in unpaid taxes it has recovered from HSBC depositors. In 2013, however, HSBC reached a $1.9 billion deferred-prosecution deal with the Justice Department to resolve claims it enabled Latin American drug cartels to launder money. Royal AccountsThe ICIJ report also found that HSBC was a popular bank among royalty. Its clients included King Mohammed VI of Morocco, dozens of members of the Saudi royal family and Prince Salman bin Hamad Al Khalifa of Bahrain. Chakib Laroussi, a media affairs adviser at Morocco&rsquo s court, said he wasn&rsquo t authorized to comment. On Wednesday, le360.ma, a Moroccan news site seen as aligned with royal perspective, published LeMonde queries about the king&rsquo s accounts and cited a foreign exchange regulator saying they are &rsquo &rsquo perfectly legal and authorized.&rsquo &rsquo Bahrain and Saudi Arabia have no taxes to avoid, and it&rsquo s legal in both places to hold foreign accounts. A spokesman for the Bahraini government said the crown prince&rsquo s only connection to the HSBC account was through a minority investment in a regional hedge fund that deposited money there. He didn&rsquo t control the fund&rsquo s financial activities, and the Swiss account didn&rsquo t provide any tax advantage, the spokesman said. Industrial EspionageFalciani has become a divisive figure in Europe and is called &ldquo the man who makes the rich tremble&rdquo by the French press. The Swiss government accuses him of trying to sell the purloined account information in Lebanon and is attempting to extradite and prosecute him on charges of industrial espionage and violating bank secrecy laws. Falciani has said his prosecution was part of an &ldquo agenda&rdquo by the Swiss government to protect banks. The ICIJ, which partners with publications around the world, said it got access to the depositor list through its collaboration with the French newspaper LeMonde, which obtained them from sources in the French government. HSBC has said it now accepts that part of its responsibility as a bank is to help ensure that its clients are law abiding and paying taxes and to close the accounts of those who aren&rsquo t. &ldquo As a result of this repositioning, HSBC&rsquo s Swiss private bank has reduced its client base by almost 70% since 2007,&rdquo the bank&rsquo s written statement said. |
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WanSiTong
Supreme |
09-Feb-2015 08:31
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Singapore shares seen opening lower on concerns over Greece, interest rates February 9, 2015 : 8:19 AM SINGAPORE (Feb 9): Singapore shares may open lower on lingering concerns over Greece' s standoff with its creditors and worries that interest rates in the US may go up earlier than expected following a strong US jobs report for January.
Official data released last Friday showed companies added 257,000 jobs last month. Figures on employment growth for November and December were also revised upwards. The Dow Jones Industrial Average fell 0.3% to 17,824.29 last Friday, while the S& P 500 slipped 0.3% to 2,055.47 and the Nasdaq Composite gave up 0.4% to 4,744.40. In Singapore, the Straits Times Index rose 0.7% to 3,431.36 last Friday. COMPANIES IN THE NEWS: Keppel Corp and Sembcorp Marine have denied allegations that they paid bribes to secure contracts in Brazil. Brazilian news magazine Veja reported that representatives of both companies paid more than US$6 million ($7.5 million) in bribes to officials of national oil company Petrobras and its unit Sete Brasil. Keppel shares rose 0.8% to $8.93 last Friday while SembMarine shares gained 1% to $3.08. Singapore Airlines' December-quarter earnings swelled to $202.6 million from $50.1 million a year earlier. SIA shares ended 0.2% lower at $12.13 last Friday. Hutchison Port Holdings Trust will pay 22.3 Hong Kong cents a unit for the six months ended Dec 31. HPH Trust shares ended 1.4% higher at 72 US cents last Friday. A foreign-exchange gain of $3.2 million lifted Yoma Strategic Holdings' earnings for the quarter ended Dec 31 to $7.8 million from $5.2 million a year earlier. Yoma shares ended flat at 52 cents last Friday. Loyz Energy' s earnings for the quarter ended Dec 31 fell to less than $180,000 from $1.2 million a year earlier, when it received a waiver for a US$4.7-million ($5.9-million) loan repayment. Loyz Energy shares were not traded last Friday. They last closed at 8.9 cents. Europtronic Group, which has been placed on the SGX watch-list since March last year, is seeking to acquire full control of an oil and gas company in Dubai. The loss-making electronic components maker and distributor has signed a non-binding term sheet to buy Kampac Oil Middle East, which is involved in oil trading, oil exploration and production, refining and distribution of oil and related products. Europtronic shares ended flat at three cents last Friday. Cache Logistics Trust will pay A$70 million ($73.4 million) for three warehouses in Australia, marking its maiden foray Down Under. Cache ended flat at $1.16 last Friday. Metech International reported a December-quarter loss of US$2.3 million ($3.1 million). Metech shares last closed at 0.6 cent. |
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WanSiTong
Supreme |
07-Feb-2015 07:42
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DJIA 17,824.29 -60.59 -0.34%
US: Stocks dip after strong jobs report
7 Feb 7:00 AM
[NEW YORK] Wall Street stocks Friday finished a buoyant week with a whimper, ending the session lower in a drop attributed to profit taking. The Dow Jones Industrial Average shed 60.59 points (0.34 per cent) at 17,824.29. The broad-based S& P 500 lost 7.05 (0.34 per cent) at 2,055.47, while the tech-rich Nasdaq Composite Index declined 20.70 (0.43 per cent) to 4,744.40. Mace Blicksilver, director of Marblehead Asset Management, attributed Friday' s losses primarily to profit taking. Even with Friday' s performance, the Dow ended the week more than 650 points higher. The losses followed a strong jobs report that sent US stocks higher in the morning. The Labor Department said the US economy added 257,000 jobs in January, better than the 235,000 projected by analysts. The report also included large upward revisions to jobs growth in November and December and said hourly wage growth gained 0.5 per cent, a big improvement after a December drop. Dow member JPMorgan Chase (+2.0 per cent), Bank of America (+3.3 per cent) and other large banks rose. A Wells Fargo Advisors note said their gains were due to " rate hike speculation." Higher interest rates are a net positive for bank earnings. Dow member Verizon rose 3.1 percent after the telecom giant announced the sale of landline operations in three states to Frontier Communications for US$10.54 billion and some 160 wireless towers to American Tower Corp for US$5.0 billion. The company also announced a US$5 billion share-repurchase program. Frontier rose 3.0 per cent and American Tower dropped 3.9 per cent. Microblogging company Twitter shot up 16.4 per cent as fourth-quarter revenue nearly doubled from a year ago, signaling the company is doing a better job of monetizing its users. Defense contractor Exelis skyrocketed 36.3 per cent following news that it will be acquired by Harris, a supplier of military radios, for US$4.75 billion. Harris rose 9.6 per cent. Intuit, which markets TurboTax and other popular financial-management software programs, lost 4.2 per cent after announcing that it suspended its transmission of state e-filing tax returns due to an uptick of fraudulent state tax filings using stolen identity information. Bond prices fell. The yield on the 10-year US Treasury rose to 1.95 per cent from 1.81 per cent Thursday, while the 30-year advanced to 2.53 per cent from 2.42 per cent. Bond prices and yields move inversely. |
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WanSiTong
Supreme |
06-Feb-2015 17:53
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x 0 Alert Admin |
Plantation stocks shine as Indonesia acts to boost biodiesel market February 6, 2015 : 5:35 PM SINGAPORE (Feb 6): Singapore shares rose, with commodity stocks particularly sought after, even as investors waited for a key US jobs report due tonight.
Gainers outnumbered decliners 228 to 170, with 1.08 billion shares worth $1.22 billion changing hands, compared with 1.01 billion shares worth $1.11 billion on Thursday. The Straits Times Index rose 0.7% to 3,431.36. Golden Agri-Resources led gains among blue chips, climbing 7.1% to 45.5 cents, with 73.3 million shares traded, making it the most active stock in the market. Investors made a beeline for the stock on news that Indonesia will increase biodiesel subsidies, a move that is expected to boost demand for palm oil, which is used for making biodiesel. Other palm oil producers were also snapped up. Indofood Agri gained 4.2% to 74 cents, First Resources climbed 5.1% to $1.97, Bumitama Agri rose 3.4% to $1.06 and Wilmar International put on 2.2% to $3.28. Other commodity stocks were also in demand. Noble Group rose 6.5% to $1.155 while Olam International was up 2.5% at $2.03. Singapore Exchange put on 2.4% to $8.14. " With a robust performance over the past few months for both securities and derivatives markets, SGX' s stock price has outperformed the STI by 9% in the previous three months," Deutsche Bank noted. " While volumes for China A50 futures might come down in February due to the Chinese New Year holiday in Shanghai, we expect ....retail participation to grow from here, leading to a much better cash market for average daily turnover." |
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