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STI to cross 3000 boosted by long-term investors
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WanSiTong
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23-Oct-2015 08:39
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Stocks To Watch Keppel, SembMarine, Sheng Siong, Ezra, Great Eastern, Suntec REIT, A-REIT, FCOT, TigerAir, Koh Brothers October 23, 2015: 8:35 AM The following stocks may be in focus today: Keppel Corp posted a 12% fall in 3Q earnings to $ 362.9 million, or 20 cents a share, from a year ago due to lower profit contribution from the offshore and marine sector. Revenue for the three months to September fell 23.4% to $ 2.44 billion. Sembcorp Marine posted a 76% decline in 3Q earnings to $ 32 million from a year ago. For the three months to September, group turnover was $ 1.13 billion, 34% lower compared with $ 1.7 billion previously mainly due to the reduction of rig deliveries in the quarter as well as lower ship repair revenue. Contributions from offshore platforms were higher. Supermarket owner Sheng Siong Group posted an 18.7% growth in 3Q earnings to $ 14.5 million from a year ago. Group revenue for the three months to September rose 7.3% to $ 200 million, largely from the sales from new stores. Ezra Holdings reported earnings of US $ 84 million ($ 117 million) for FY2015 ended August, a more than four-fold increase from US $ 18.9 million in FY2014. Great Eastern Holdings recorded a 65% yoy decline in 3Q earnings to $ 68.4 million, mainly because of unrealised mark-to-market losses from the insurance business. Suntec Real Estate Investment Trust has announced an 8.3% yoy increase in 3Q distribution per unit (DPU) to 2.52 cents. Ascendas Real Estate Investment Trust (A-REIT) posted a total amount available for distribution of S $ 100.2 million for the second quarter ended September, up 14.0 per cent year-on-year. This resulted in a 13.7 per cent increase in distribution per unit (DPU) to 4.16 Singapore cents, compared with 3.66 Singapore cents a year ago. Frasers Commercial Trust (FCOT) posted a record DPU of 9.71 cents for FY2015 ended September. Distributable income rose 18.4% to $ 67.8 million during the period Tiger Airways Holdings (Tigerair) has reported a $ 12.8 million loss for 2QFY2016 ended September. The loss was 93% lower than the $ 182.4 million reported in the year-earlier period. A Samsung C & T Corp and construction group Koh Brothers joint venture has won a $ 1.12 billion contract develop a three-runway system at Changi Airport. The newly enlarged EMS Group, formed from EMS Energy' s very substantial acquisition of the Koastal Group, has signed a binding Letter of Intent (LOI) worth US $ 570 million ($ 794 million) for the supply, testing and commissioning of up to six sets of Major Equipment Package (MEP) for rigs, each worth US $ 95 million per set. Sim Lian Group has issued a profit warning that it is expected to post a significant reduction in pre-tax profit and post a net loss for the first quarter ended September 2015 from a year ago. Metech International will acquire 1.35 billion shares in Advance SCT from Zhang Baoan, the non-executive director and vice chairman of Advance, for at least $ 1.35 million. The sale shares represent 9% of the total issued share capital of Advance. Markets The S & P 500 closed at its highest in two months on Thursday as stronger-than-expected earnings from several top companies, including McDonald' s, relieved investors' concerns about the profit outlook. The Dow Jones industrial average rose 320.55 points, or 1.87% to 17,489.16 , the S & P 500 gained 33.57 points, or 1.66%, to 2,052.51 and the Nasdaq Composite added 79.93 points, or 1.65%, to 4,920.05. The Straits Times Index closed up 0.41% or 12.41 points at 3,038.11. |
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Qanghoo
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23-Oct-2015 08:37
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Nikkei 2%, Aux nearly 2% ..... Maybe HSI will > 2%. Shangai will be wild card. STI? If HSI chiong, sure chiong also (no backbone type). So, all the fears abt global economic stagnation all gone. But anything really changed .... ?
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bishan22
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23-Oct-2015 07:41
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Green Friday everyone. Huat huat................ |
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WanSiTong
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23-Oct-2015 06:26
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North and South American Indexes
 S& P 500 ends at highest in two months Alphabet up after hoursThe S & P 500 closed at its highest in two months on Thursday as stronger-than-expected earnings from several top companies, including McDonald' s, relieved investors' concerns about the profit outlook. Buying accelerated after the close, with broad gains in tech and other companies that reported results, including Alphabet (GOOGL.O), up 9.6 percent at $ 746.78, and Microsoft (MSFT.O), up 7.2 percent at $ 51.50. Amazon (AMZN. O) rose 10.6 percent to $ 623.75 after it posted results. Nasdaq 100 futures NQc1 jumped after the close as well, and were up about 17 percent from the 2015 intraday low hit on Aug. 24. During the regular session, McDonald' s (MCD.N) shares jumped 8.1 percent to $ 110.87, giving the Dow its biggest boost, after its quarterly results beat estimates as demand recovered in China. EBay (EBAY.O) rose 13.9 percent to $ 27.58 after it reported better-than-expected results late on Wednesday. Dow Chemical (DOW.N) rose 5.1 percent to $ 49.92 after its results, while the S & P materials index .SPLRCM jumped 2.8 percent and led the S & P sector gains along with the industrials .SPLRCI, also up 2.8 percent. In another sign of diminished concerns, the CBOE Volatility Index .VIX - the market' s favored barometer of volatility - closed at a 2-month low. " Corporate earnings certainly helped because the season started off sort of sluggish and you had some nice surprises today," said Eric Kuby, chief investment officer at North Star Investment Management Corp. in Chicago. Investors have been concerned about weak third-quarter earnings after some disappointing early results. S & P 500 earnings still are estimated to have fallen 3.3 percent in the quarter compared with a year ago, Thomson Reuters data showed. The Dow Jones industrial average .DJI rose 320.55 points, or 1.87 percent, to 17,489.16, the S & P 500 .SPX gained 33.57 points, or 1.66 percent, to 2,052.51 and the Nasdaq Composite .IXIC added 79.93 points, or 1.65 percent, to 4,920.05. Adding to the day' s optimism, ECB President Mario Draghi said the bank could extend its stimulus program beyond 2016 to boost euro zone growth and boost inflation closer to 2 percent. Data on Thursday showed new claims for US unemployment benefits rose by 3,000 to 259,000 last week, below the 265,000 expected, while existing home sales increased more than expected to an annual rate of 5.55 million units in September. The Federal Reserve, which kept US interest rates unchanged near zero in September, has said it will wait for signs of global economic resilience before pulling the trigger on its first rate hike in nearly a decade. Nine of the 10 major S & P sectors were higher. Only healthcare .SPXHC appeared immune to the upbeat mood, declining about 0.5 percent. Community Health Systems (CYH.N) sank 35.1 percent to $ 26.30 after it gave a disappointing revenue outlook. It dragged down shares of other hospital operators. Advancing issues outnumbered declining ones on the NYSE by 2,312 to 791, for a 2.92-to-1 ratio on the upside on the Nasdaq, 1,777 issues rose and 1,001 fell for a 1.78-to-1 ratio favoring advancers. The S & P 500 posted 41 new 52-week highs and 9 new lows the Nasdaq recorded 82 new highs and 91 new lows. About 8.0 billion shares changed hands on US exchanges, compared with the 7.2 billion daily average for the past 20 trading days, according to Thomson Reuters data. |
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tomhanks
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22-Oct-2015 18:20
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NYSE Pleads for Rules to Make Hedge Funds Reveal Short Positionshttp://www.bloomberg.com/news/articles/2015-10-21/nyse-pleads-for-rules-to-make-hedge-funds-reveal-short-positions |
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WanSiTong
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22-Oct-2015 16:24
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Asian Indexes
European Indexes
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WanSiTong
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22-Oct-2015 13:07
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Noon Market STI up 0.42% at 3,038.41 October 22, 2015: 12:07 PM Singapore stocks higher at the half time as several companies reported quarterly earnings. At 12.05pm, the Straits Times Index was up 0.42% or 12.71 points at 3,038.41. In the broader market, 617 million shares with a value of $ 299.9 million were traded. Gainers outnumbered losers 169 to 120. Singapore Exchange rose 0.4% to $ 7.54 after reporting a 28% rise in earnings to $ 99.3 million in its first quarter as operating revenue rose 30.1% to $ 219.6 million. The derivatives business contributed $ 90.9 million of operating revenue, a 69.1% year-on-year jump. Stratech Group (Valuation: 0.00, Fundamental: 1.70) rose 3.5% to 5.9 cents after announcing it secured a contract to upgrade its iFerret intelligent airfield / runway surveillance and foreign object & debris (FOD) detection system at Changi Airport. Mapletree Commercial Trust rose 3.4% to $ 1.365 after posting on Wednesday a 2.5% increase in distribution per unit to 2.02 cents for the second quarter ended September. Gross revenue rose 1.9% to $ 71.3 million, and lower operating expenses helped net property income to rise 5.1 % to $ 54.8 million. Genting Singapore (Valuation: 1.40, Fundamental: 1.75). Rose 4.5% to 81.5 cents with 22.5 million shares traded after rival Las Vegas Sands reported better than expected results due to its Singapore operations Revenue declined to US $ 2.89 billion from US $ 3.53 billion, falling short of US $ 2.96 billion projected by analysts. Cambridge Industrial Trust rose 0.8% to 63.5 cents after nabInvest Capital Partners, the biggest shareholder of the REIT' s manager Cambridge Industrial Trust Management (Valuation: 2.70, Fundamental: 1.40), says it has received non-binding expressions of interest for its 56% stake and is considering the offers. |
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WanSiTong
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22-Oct-2015 10:33
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Asian Indexes
CHINA, GLOBAL ENERGY NEWS Asian shares on defensive as ECB kicks off event-heavy period Oct 22, 2015 8:52 am Asian shares were on the defensive on Thursday after a sharp fall in mainland Chinese shares rekindled worries about the health of China' s economy while investors awaited word from the European Central Bank on its plans regarding additional stimulus. MSCI' s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 0.3 percent in early trade while Japan' s Nikkei .N225 dropped 0.5 percent. Wall Street stocks also lost momentum, with the S & P 500 .SPX losing 0.6 percent despite earlier gains, failing to extend a rally since late last month beyond its 100-day moving average. " I think the rebound in markets is coming to an end. From now, markets will be looking to policy events later this months as well as corporate earnings," said Hirokazu Kabeya, chief global strategist at Daiwa Securities. The recovery in many share markets since last month has in fact been partly supported by hopes policymakers around the world may take steps to bolster their respective economies. One such hope may be fulfilled in an event-packed period toward the end of month, starting with the European Central Bank holding its policy meeting later in the day. ECB President Mario Draghi is widely expected to keep the door open for more monetary stimulus in the face of deflation risks, but is seen stopping short of taking new policy steps at Thursday' s meeting. The ECB meeting will be followed by central bank policy meetings in the US and Japan, as well as four-day leadership meeting of China' s Communist party, all planned for next week. The Shanghai Composite stock index .SSEC slumped 3 percent on Wednesday, its worst daily performance in five weeks after a relatively calm month, reminding investors that China' s markets and economy are still far from stable. That put fresh pressure on commodity-linked currencies and emerging market currencies. Emerging market currencies from the Malaysian ringgit MYR = to the Chilean peso CLP = stepped back from recent highs. Among major currencies, the Australian dollar tumbled AUD = D4 to $ 0.7202 on Wednesday, its lowest in a week. The Canadian dollar CAD = D4 fell to C $ 1.3149 per US dollar on Thursday, its lowest in 2 1/2 weeks, as the Canadian central bank lowered its growth forecasts for 2016 and 2017. The euro stood at $ 1.1342 EUR =, barely moving this week ahead of the ECB' s meeting. The yen was little changed at 119.88 to the dollar JPY =. Oil prices fell to three-week lows as the US government reported a bigger than expected build-up in crude oil stockpiles. Brent futures dropped to a three-week low of $ 47.50 per barrel on Wednesday and last stood at $ 48.01. US crude futures fell to $ 44.86 a barrel, the lowest since Oct 2. US natural gas futures NGc1 fell to a three-year low on Wednesday on forecasts for warmer weather over the next two weeks. |
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Octavia
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22-Oct-2015 09:25
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I think the Fed is not going to raise interest rates to cause a market crash, at least for now. |
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WanSiTong
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22-Oct-2015 08:30
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Stocks To Watch SGX, Mapletree Commercial Trust, CapitaLand Mall Trust, Frasers Centrepoint Trust, Cambridge Industrial Trust, Cache Logistics Trust, Stratech Group, Tee Land October 22, 2015: 8:28 AM The following stocks may be in focus today: Singapore Exchange has reported its highest quarterly earnings in about seven years, boosted by a strong performance in the fast-growing derivatives business. It posted a 28% rise in earnings to $ 99.3 million, or 9.3 cents per share, for the first quarter ended September , from a year ago. Mapletree Commercial Trust posted a 2.5% increase in distribution per unit to 2.02 cents for the second quarter ended September 30, 2015. CapitaLand Mall Trust' s distribution per unit for 3Q ended September increased 9.6% yoy to 2.98 cents. Frasers Centrepoint Trust declared a distribution per unit of 2.859 cents for 4Q, up 2.7% yoy. Cambridge Industrial Trust announced a distribution per unit of 1.2 cents for 3Q ended September, a yoy decline of 3.7%. Cache Logistics Trust posted an unchanged distribution per unit of 2.14 Singapore cents for the third quarter ended September 30, 2015. The Stratech Group has clinched a contract to upgrade its iFerret intelligent airfield / runway surveillance and foreign object & debris (FOD) detection system at Singapore Changi Airport. Tee Land Limited has tied up with Peter & Jan Clark (Levey Street) Pty Ltd (Clark) and Kenmooreland Pte Ltd to set up a joint-venture company to acquire commercial units and car park lots in Sydney, Australia worth A $ 6.26 million ($ 6.37 million). Tritech Group has entered into an investment framework agreement effective Oct 19 with the government of Chaohu city and Asia-Pacific Diqu (Chaohu) Cultural Industry Park for a build-operate-transfer project for the wastewater treatment plant in Chaohu, Anhui, China. Heeton Holdings says it has received valid acceptances and excess applications for 56.5 million rights shares at the close of the rights issue on Oct 16. The acceptances represent 63.2% of the total number of rights shares available for subscription. Jacks International says Creative Elite Holdings has made a mandatory unconditional cash offer for all of the group' s shares at 80 cents each. Markets US stocks fell on Wednesday as a sharp drop in Valeant Pharmaceuticals hit the healthcare space, while the energy sector dropped along with oil prices. The Dow Jones industrial average fell 48.5 points, or 0.28%, to 17,168.61, the S & P 500 lost 11.83 points, or 0.58%, to 2,018.94 and the Nasdaq Composite dropped 40.86 points, or 0.84%, to 4,840.12. The Straits Times Index ended 0.22% or 6.67 points higher at 3,025.70. |
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WanSiTong
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22-Oct-2015 08:28
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As China weakens, recession stalks North Asia October 22, 2015: 8:19 AM The slowdown in China' s economy, the world' s second largest, is sucking the growth out of North Asia and tilting some economies towards recession. As China undergoes a painful rebalancing of an economy that accounts for 16% of global GDP - up from below a tenth a decade ago - the International Monetary Fund predicts 5.5% growth this year for a region that also includes export powerhouses Japan, South Korea, Hong Kong and Taiwan. That would be the weakest growth rate since the global financial crisis. Japan' s exports grew by 0.6% from a year earlier in September, the slowest since August last year, data showed on Wednesday, as shipments to China dropped by 3.5% " Without a doubt, as long as China remains in a very soft spot .. . it' s natural that North Asia, which is very highly oriented to China' s market, whether directly or as a conduit, also takes a knock, " said Vishnu Varathan, a senior economist at Mizuho Bank in Singapore. Japan' s weak export numbers have heightened concerns that its economy may slip into recession in the third quarter, with a weak yen not doing enough to support its overseas shipments. Singapore narrowly missed a third-quarter recession after the export-reliant economy expanded just 0.1% from the previous three months, but Taiwan still looks very close to one. China' s rapid growth and liberalisation, especially after accession to the World Trade Organisation in 2001, gave a tremendous boost to Asian trade. Supply chains spread across the region, sucking in everything from coal to fuel its factories, to electronic components for mobile phones to be shipped to markets in the West. Now, though, things are different. PMI readings are contracting across most of Asia-Pacific, with new orders falling at the fastest pace since early 2009, and inventories piling up, meaning that production may have further to fall before economies shake off spare capacity, according to HSBC. On Tuesday, Japan' s Yaskawa Electric Corp, which specialises in factory automation and robotics and relies on China for about a fifth of its sales, trimmed its annual revenue outlook, citing China' s economic slowdown. Nidec Corp, another Japanese technology firm, on Wednesday posted higher second-quarter operating profit but kept its outlook unchanged, citing China' s slowdown. Yasuo Sakuma, a fund manager at Bayview Asset Management in Tokyo, does not see things improving soon for companies like Yaskawa. " We still need to be cautious, considering we' re not seeing a bottoming out in orders," he said. Elsewhere, South Korea' s exports tumbled 8.4% from a year earlier in September, while Taiwan' s export orders for that month declined 4.5%, with orders from China sinking 9.8%. As global trade stalls, Asia' s air and sea cargo operators are feeling the pressure, with the only boost to business coming from pre-Christmas shipments to the United States. " We' re seeing some good volumes from China. The tonnage is there, but given the air freight capacity on the market we' re not getting the ' super' peak yields we would be hoping for at this time of year, " said Mark Sutch, Cathay Pacific' s general manager for cargo sales and marketing." We will be operating our peak transpacific schedule ... this week and expect the peak to continue to Thanksgiving (at end-November). A pre-Christmas rush is hard to predict. " At Hong Kong Air Cargo Terminals (HACTL), one of the main cargo handlers, business is flat compared with last year. " Slowdown in China is impacting Hong Kong in a whole range of ways, including air cargo," said HACTL' s CEO Mark Whitehead. " I can not see significant growth in this market ... although longer term I do have a very robust view of air cargo. " Economists predict that North Asia' s dismal export numbers will continue for some time." It' s going to probably look like that to the first half of 2016 at least, " said Mizuho' s Varathan . " We' re looking for (China' s) exports to bottom and some pick-up in consumption as we head into the middle of next year. |
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WanSiTong
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22-Oct-2015 06:32
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North and South American Indexes
Wall St. falls Valeant, healthcare dropUS stocks fell on Wednesday as a sharp drop in Valeant Pharmaceutical hit the healthcare space, while the energy sector dropped along with oil prices. Adding to the negative tone, Yahoo (YHOO.O) shares fell 5.2 percent to $ 31.12, a day after the Internet company' s quarterly earnings and profit missed expectations. Valeant Pharmaceutical' s (VRX.N) US-listed shares sank to an intraday low of $ 88.50 on record volume, losing about $ 9.6 billion in market capitalization, after short-seller Citron Research released a report critical about the company. The stock later pared losses after investor Bill Ackman said he increased his Valeant stake on Wednesday by about 2 million shares. The stock ended down 19.2 percent at $ 118.61, its lowest level since October 2014. Shares of Allergan (AGN.N), which has a business model similar to that of Valeant, was down 1.7 percent at $ 259, cutting earlier losses after the company said nearly all of its drugs are being distributed through traditional wholesale and retail channels. Also in the healthcare sector, insurers Aetna (AET.N), Humana (HUM.N), Anthem (ANTM.N) and Cigna (CI.N) all fell at least 3 percent after Democratic presidential candidate Hillary Clinton said she had " serious concerns " about the mergers the companies were proposing. A drop in crude oil prices weighed on the S & P 500 energy sector .SPNY, which fell 1 percent. That led sector declines for the S & P 500, followed by materials .SPLRCM, down 0.9 percent, and S & P health care .SPXHC, also down 0.9 percent. " Oil inventories were up quite a bit, so energy was down and that weighed down the market. Going into the afternoon the buyers were just lined up to watch as we drifted lower into the close," said Bucky Hellwig, senior vice president at BB & T Wealth Management in Birmingham, Alabama. " Also there was weakness in healthcare, not just in individual stocks, but that sector underperformed." The Dow Jones industrial average .DJI fell 48.5 points, or 0.28 percent, to 17,168.61, the S & P 500 .SPX lost 11.83 points, or 0.58 percent, to 2,018.94 and the Nasdaq Composite .IXIC dropped 40.86 points, or 0.84 percent, to 4,840.12. On the plus side, shares of General Motors (GM.N) rose 5.8 percent to $ 35.42, while Boeing (BA.N) rose 1.7 percent to $ 141.19, after both industry heavyweights reported better-than-expected results. Ferrari (RACE.N) was up 5.8 percent at $ 55 in its debut on the New York Stock Exchange. Stocks have mostly gained this month following a sharp selloff in the third quarter. Declining issues outnumbered advancing ones on the NYSE by 2,173 to 888, for a 2.45-to-1 ratio on the downside on the Nasdaq, 2,066 issues fell and 717 advanced for a 2.88-to-1 ratio favoring decliners. The S & P 500 posted 27 new 52-week highs and 5 new lows the Nasdaq recorded 52 new highs and 82 new lows. |
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tomhanks
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21-Oct-2015 22:35
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http://www.bloomberg.com/news/articles/2015-10-20/jpmorgan-sees-90-billion-of-short-covering-left-in-u-s-stocks JPMorgan: The Stock Market Still Has $90 Billion in Short Sales Left to Cover&ldquo What this means is we can reasonably infer that any tailwind from short covering hasn&rsquo t really been occurring and hasn&rsquo t been driving the October rally,&rdquo JPMorgan strategists said. &ldquo It doesn&rsquo t tell you when or to what degree it will happen but it tells you it&rsquo s not been entirely technical and that&rsquo s a positive.&rdquo To bring short interest back to levels before August, short-sellers would have to buy back about $90 billion of shares, &ldquo a clear near term positive for stocks,&rdquo |
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WanSiTong
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21-Oct-2015 17:35
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Global Markets Stocks slip as earnings, China weakness weigh October 21, 2015 : 4:20 PM European stocks fell on Wednesday, dragged lower by negative third quarter earnings reports and the biggest fall in Chinese stocks in over a month. British publisher Pearson slumped 13% after warning about its earnings, and financials were hit as Swedish banks missed earnings expectations and Credit Suisse announced plans to raise 6 billion Swiss francs (US$6.29 billion)capital after missing expectations also. Chinese bourses gave up earlier gains to close down 3%, the biggest fall since September 15. Resources and energy stocks in Europe took their cue from China' s weakness and were among the biggest losers in early trading. In bonds, the cautious mood made for slightly lower yields, while commodities prices fell &mdash copper futures were down 1% and crude oil futures were down more then 1%. " This is a response to the late sell-off in China," said Craig Erlam, senior market analyst at O anda in London. " It was reminiscent of the kind of heavy selling that we saw back in August when emerging market concerns were very high, which in turn weighed on sentiment in Europe," he said. In early trading the FTSEuroFirst index of leading 300 European shares was down two thirds of 1% at 1,423 points. Pearson and Credit Suisse were the two biggest losers, down 14% and 4.5%, respectively. Germany' s DAX was down 0.2%, France' s CAC 40 was down 0.5% and Britain' s FTSE 100 was down 0.3%. In Asia MSCI' s broadest index of Asia-Pacific shares outside Japan slipped 0.3%. In Japan, the slowest growth in exports in over a year fuelled talk of recession but the prospect of more stimulus from the Bank of Japan lifted the Nikkei 225 by almost 2% to 18.554 points. |
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WanSiTong
Supreme |
21-Oct-2015 16:19
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Asian Indexes
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WanSiTong
Supreme |
21-Oct-2015 12:36
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Noon Market STI up 0.43% at 3,032.03 October 21, 2015: 12:04 PM Singapore stocks were up at noon on Wednesday, led by Japanese equities amid speculation Tokyo will boost stimulus after weak trade data fuelled concern over the region' s second-largest economy. At 12 noon, the benchmark Straits Times Index was up 0.43% or 13.00 points to 3,032.03. In the broader market, 1.4 billion shares worth $ 267.3 million were traded. Gainers outnumbered losers 208 to 126. Noble Group (Valuation: 2.00, Fundamental: 0.35) rose 1% to 52 cents on 29.3 million shares traded despite Moody' s Investors Service warning the commodities trader may lose its investment-grade credit rating if its liquidity position does not improve in the next one to two quarters. Wilmar International (Valuation: 2.60, Fundamental: 0.80) fell 0.6% to $ 3.15 after rising 8.9% on Tuesday Wilmar said in a late night statement that Archer Daniels Midland had bought 22% of Tuesday' s volume and increased its stake in the firm.. Mapletree Industrial Trust rose 1.7% to $ 1.525. The industrial property REIT on Tuesdau declared a 7.3% rise in DPU of 2.79 cents for the 2Q ended September from 2.60 cents a year ago. Keppel T & T fell 1.1% to $ 1.395 after the data centre and logistics provider on Tuesday reported a 17.1% drop in 3Q earnings to $ 15.31 million from a one year ago. Boustead Projects rose 3.2% to 80 cents after real estate solutions provider reported on Tuesday it clinched two contracts worth $ 59 million in Singapore. Q & M Dental rose 0.7% to 75.5 cents. The operator of dental clinics said on Tuesday night indirect subsidiary Shenyang Xin' Ao Hospital Management Co has agreed to acquire a 60% stake in five dental clinics in Liaoning, China. |
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WanSiTong
Supreme |
21-Oct-2015 08:19
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Stocks To Watch Noble, Wilmar, Keppel T & T, Mapletree Industrial Trust, SunMoon Food Company October 21, 2015: 8:12 AM The following stocks may be in focus today: Noble Group (Valuation: 2.00, Fundamental: 0.35), the commodity trader battling criticism of its accounting practices, may lose its investment-grade credit rating if its liquidity position does not improve in the next one to two quarters, according to Moody' s Investors Service . Archer-Daniels-Midland Co. has raised its stake in Wilmar International Ltd. (Valuation: 2.60, Fundamental: 0.80), the Singapore-based company that trades almost half the world' s palm oil. Keppel Telecommunications & Transportation (Valuation: 2.40, Fundamental: 1.30), the logistics provider and data centre operator, posted a 17.1% drop in 3Q earnings to $ 15.3 million from a year ago on lower revenue. Mapletree Industrial Trust has declared a 7.3% rise in distribution per unit (DPU) of 2.79 cents for the 2Q ended September from 2.60 cents a year ago. SunMoon Food Company (Valuation: 0.30, Fundamental: 0.95) has reached full and final settlement to pay nTan Corporate Advisory a sum of $ 2.1 million plus 7 per cent GST in instalments in relation to a suit. United Overseas Bank Brunei branch has sold its retail banking business to Baiduri Bank Berhad for BND65 million ($ 65 million). Q & M Dental group says its indirect subsidiary Shenyang Xin' Ao Hospital Management Co has entered in to three separate definitive agreements to acquire a 60% stake in 5 dental clinics located in Liaoning Province, China. The manager of First Real Estate Investment Trust (REIT) (Valuation: 1.95, Fundamental: 1.90) has announced that the REIT, through its unit PT Tata Prima Indah (PT TPI), entered into a proposed joint arrangement and asset swap with PT Saputra Karya (PT SK) in relation to the development works of the new Siloam Hospitals Surabaya and the divestment of the existing Siloam Hospitals Surabaya. ST Engineering says Mobility Systems (MSPL), a unit of its land systems arm ST Kinetics, has injected BRL5.8million ($ 2.6 million) into Technicae Projectos e Serviç os Automotivos. Boustead Projects has been awarded two contracts in Singapore with a total value of $ 59 million. Citic Environment has won a RMB 400 million ($ 88 million) engineering, procurement, construction (EPC) contract to construct a 80,000 cubic metres / day wastewater treatment plant in Tianshui City, Gansu Province, China. Markets US stocks ended slightly lower on Tuesday as a decline in healthcare and biotech stocks offset gains in United Technologies and Verizon. The Dow Jones industrial average fell 13.43 points, or 0.08%, to 17,217.11, the S & P 500 lost 2.89 points, or 0.14%, to 2,030.77, and the Nasdaq Composite dropped 24.50 points, or 0.5%, to 4,880.97. Singapore stocks ended weaker on Tuesday as lower oil prices added to investors' worries about slowing growth in China. Straits Times Index was down 0.18% or 5.47 points at 3,019.03. In the broader market, 2.5 billion shares with a value of $ 934.9 million were traded . Gainers outnumbered losers 217 to 211. |
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WanSiTong
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21-Oct-2015 06:40
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Wall Street ends down with healthcare, IBM United Tech risesUS stocks ended slightly lower on Tuesday as a decline in healthcare and biotech stocks offset gains in United Technologies and Verizon. A 5.7 percent drop to $ 140.64 in IBM (IBM.N) also weighed on the market. The stock hit a five-year intraday low at $ 140.28 after it reported a bigger-than-expected decline in quarterly revenue and cut its full-year profit forecast. The S & P healthcare sector .SPXHC fell 1.5 percent, while the Nasdaq Biotech Index .NBI dropped 3.2 percent. Concerns about drug pricing have hit biotech and other healthcare shares. " You' re seeing weakness in momentum names in general. Obviously the healthcare names are under pressure again, especially pharma companies. That further increases the pall over that sector," said Michael O' Rourke, chief market strategist at JonesTrading in Greenwich, Connecticut . At the same time, O' Rourke said, investors seem to be buying more stable names such as Apple (AAPL.O). Apple rose 1.8 percent to $ 113.77. Stocks have mostly gained this month following a selloff in the third quarter, though concern about third-quarter earnings has added to caution. Among companies beating analysts' expectations, United Technologies (UTX.N) rose 3.9 percent to $ 95.62, giving the Dow its biggest boost. Verizon' s (VZ.N) shares were up 1.2 percent at $ 45.24 after the largest US wireless service provider reported better-than-expected revenue and profit. The Dow Jones industrial average .DJI fell 13.43 points, or 0.08 percent, to 17,217.11, the S & P 500 .SPX lost 2.89 points, or 0.14 percent, to 2,030.77, and the Nasdaq Composite .IXIC dropped 24.50 points, or 0.5 percent, to 4,880.97 . The S & P 500 is up 5.8 percent so far in October. Earnings for S & P 500 companies are expected to have fallen about 4 percent in the third quarter, while revenue is expected to have declined 3.8 percent, according to Thomson Reuters data. Of the S & P 500 companies that have reported so far, roughly 40 percent have beaten revenue expectations, below the long-term average, according to Thomson Reuters data. Travelers (TRV.N) rose 2.5 percent to $ 108.95. The insurer' s quarterly profit topped estimates, helped by higher underwriting gains. Harley Davidson (HOG.N) skidded 13.9 percent to $ 48.25 after the motorcycle maker cut its full-year shipment forecast. Shares of Tesla (TSLA.O) dropped 6.6 percent to $ 213.03 in heavy volume. Consumer Reports magazine found that advanced fuel-saving technology and digital multimedia systems in vehicles including the Tesla Model S sedan are hurting reliability. After the bell, shares of Yahoo (YHOO.O) were down 1 percent at $ 32.50 as it reported a drop in quarterly revenue, while Intuitive Surgical (ISRG.O) was up 7.6 percent at $ 508.70 percent after it posted a revenue increase. During the regular session, advancing issues outnumbered declining ones on the NYSE by 1,888 to 1,170, for a 1.61-to-1 ratio on the upside on the Nasdaq, 1,426 issues fell and 1,345 advanced for a 1.06-to-1 ratio favoring decliners . The S & P 500 posted 24 new 52-week highs and 3 new lows the Nasdaq recorded 66 new highs and 49 new lows. About 6.0 billion shares changed hands on US exchanges, below the 7.3 billion daily average for the past 20 trading days, according to Thomson Reuters data. |
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WanSiTong
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21-Oct-2015 06:34
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Wall Street ends down with healthcare, IBM United Tech risesLas acciones estadounidenses cerraron ligeramente en baja el martes como una disminució n de las existencias de la salud y de biotecnologí a compensar ganancias en United Technologies y Verizon. Una caí da de 5,7 por ciento, a $ 140,64 en IBM (IBM.N) tambié n pesó en el mercado. La acció n tocó un mí nimo intradiario de cinco añ os a $ 140.28 despué s de que reportó una caí da mayor a la esperada en los ingresos trimestrales y recortó sus ganancias para todo el añ o pronó stico. El sector sanitario S & P .SPXHC cayó un 1,5 por ciento, mientras que el í ndice Nasdaq Biotech .nbi cayó un 3,2 por ciento. Las preocupaciones sobre precios de los medicamentos han afectado a la biotecnologí a y otras acciones de salud. " Está s viendo debilidad en los nombres de momentum en general. Obviamente los nombres de salud está n bajo la presió n de nuevo, especialmente las compañ í as farmacé uticas. Eso aumenta aú n má s la sombra sobre ese sector" , dijo Michael O' Rourke, estratega jefe de mercado JonesTrading en Greenwich, Connecticut . Al mismo tiempo, dijo O' Rourke, los inversores parecen estar comprando nombres má s estables como Apple (AAPL.O). Apple subieron un 1,8 por ciento, a $ 113.77. Las acciones han ganado la mayorí a de este mes despué s de una ola de ventas en el tercer trimestre, a pesar de la preocupació n por las ganancias del tercer trimestre se ha sumado a la precaució n. Entre las empresas que baten las expectativas de los analistas, United Technologies (UTX.N) subió 3,9 por ciento, a $ 95.62, dando al Dow su mayor impulso. (VZ.N) acciones de Verizon subieron un 1,2 por ciento, a $ 45.24 despué s de que el mayor proveedor estadounidense de servicios inalá mbricos reportó mejor de lo esperado de ingresos y ganancias. El promedio industrial Dow Jones cayó 13,43 puntos, o un 0,08 por ciento, a 17,217.11, el S & P 500 perdió 2,89 puntos, o un 0,14 por ciento, a 2,030.77, y el Nasdaq Composite .IXIC bajó 24,50 puntos, o un 0,5 por ciento, a 4,880.97 . El S & P 500 ha subido un 5,8 por ciento en lo que va de octubre. Se espera que las ganancias por S & P 500 ha caí do un 4 por ciento en el tercer trimestre, mientras que se espera que los ingresos han disminuido un 3,8 por ciento, segú n datos de Thomson Reuters. De los S & P 500 que han reportado hasta el momento, aproximadamente el 40 por ciento ha superado las expectativas de ingresos, por debajo de la media a largo plazo, segú n datos de Thomson Reuters. Los viajeros (TRV.N) subió un 2,5 por ciento, a $ 108.95. Ganancia trimestral de la aseguradora superaron las estimaciones, ayudado por mayores ganancias de suscripció n. Harley Davidson (HOG.N) patinó 13,9 por ciento, a $ 48.25 despué s de que el fabricante de motocicletas redujo su pronó stico para todo el añ o del enví o. Las acciones de Tesla (TSLA.O) cayeron 6.6 por ciento a $ 213.03 en gran volumen. La revista Consumer Reports encontró que la tecnologí a de ahorro de combustible avanzado y sistemas multimedia digitales en vehí culos incluyendo el Tesla Model S sedan está n perjudicando fiabilidad. Despué s de la campana, las acciones de Yahoo (YHOO.O) bajaron un 1 por ciento, a $ 32.50, ya que reportó una caí da en los ingresos trimestrales, mientras que Intuitive Surgical (ISRG.O) subió un 7,6 por ciento, a $ 508,70 por ciento despué s de que registró un aumento de los ingresos. Durante el perí odo ordinario de sesiones, las cuestiones ganancias superaron a las que bajaron en el NYSE por 1888 a 1170, para una relació n de 1,61 a 1 en la boca en el Nasdaq, 1.426 asuntos cayeron y 1345 avanzaron por unos 1,06 a 1. Relació n de las acciones en baja favoreciendo . El S & P 500 registró 24 nuevos má ximos de 52 semanas y 3 nuevos mí nimos el Nasdaq registró 66 nuevos má ximos y 49 nuevos mí nimos. Acerca de 6,0 millones de acciones cambiaron de manos en las bolsas de Estados Unidos, por debajo del promedio diario 7300000000 durante los ú ltimos 20 dí as de negociació n, segú n datos de Thomson Reuters. |
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WanSiTong
Supreme |
20-Oct-2015 16:38
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