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STI to cross 3000 boosted by long-term investors
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WanSiTong
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15-Jul-2015 17:49
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Crude Oil Oil near 1-week high as Goldman to Barclays see slow Iran supplyJuly 15, 2015 : 4:59 PM Oil traded near the highest price in more than a week on estimates that bolstering Iran' s crude exports under the terms of a nuclear deal will not occur until next year. Futures were little changed in New York after advancing 1.6% on Tuesday. Iran may boost exports by 200,000 to 400,000 barrels a day in 2016 and production is likely to expand the following year, according to Goldman Sachs Group Inc. US crude inventories probably declined through July 10, a Bloomberg survey showed before an Energy Information Administration report Wednesday. Oil' s rebound from a six-year low in March has faltered amid economic uncertainty in China and Greece and speculation that a global glut will persist. A slow return of Iranian crude could mean it arrives just in time to satisfy growing demand rather than inflating a surplus , according to Societe Generale SA. " We remain cognizant that Iran still has a steep hill to climb with regard to compliance," Michael Cohen, an analyst at Barclays Plc, wrote in a report Tuesday. " This may mean delays for further Iranian crude exports." West Texas Intermediate for August delivery was at US $ 52.81 a barrel in electronic trading on the New York Mercantile Exchange, down 23 cents, at 9.09 am London time. The contract gained 84 cents to US $ 53.04 on Tuesday. The volume of all futures traded was about 10 percent below the 100-day average. Prices are 0.9% lower this year. Nuclear Deal Brent for August settlement, which expires Thursday, was down 37 cents at US $ 58.14 a barrel on the London-based ICE Futures Europe exchange. The European benchmark crude was at a premium of US $ 5.34 to WTI. The more-active September contract dropped 36 cents to US $ 58.15. Restrictions on Iran will remain in place at least until the United Nations reports on the country' s compliance with the deal in December, diplomats involved in the talks said Tuesday. The US Congress has 60 days to review the agreement in Washington, where some lawmakers oppose any compromises. Iran, which had signaled it wanted to boost shipments by as much as 500,000 barrels a day immediately after a deal with world powers, will probably be limited first to selling crude stockpiled on tankers, Goldman said in a report dated July 14. In the US, the world' s biggest oil consumer, crude inventories probably fell by 1.9 million barrels last week, according to the Bloomberg survey. Inventories expanded to 465.8 million barrels through July 3, almost 100 million barrels above the five-year average for this time of the year. |
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WanSiTong
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15-Jul-2015 08:53
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Preview Singapore market to extend gains as crises recedeJuly 15, 2015 : 8:47 AM Singapore stocks are expected to extend its gains this morning amid optimism the crises in Greece and China have eased. The Straits Times Index yesterday inched up 0.16% to 3,316.50 with about 1.22 billion shares worth $ 892.4 million changed hands. Wall Street gained for a fourth straight session on Tuesday, its longest winning streak since January, buoyed by the energy sector as oil prices rebounded from early declines. The Dow Jones industrial average rose 75.9 points, or 0.42%, to 18,053.58, the S & P 500 gained 9.35 points, or 0.45%, to 2,108.95 and the Nasdaq Composite added 33.38 points, or 0.66%, to 5,104.89. Here are some stocks and factors that could move the market this morning: Sembcorp Marine is building the world' s largest semi-submersible crane vessel for Heerema Offshore Services BV in a contract worth US $ 1 billion ($ 1.36 billion). Sembcorp Marine closed 1 cent lower at $ 2.81 yesterday. CapitaLand has divested Bedok Mall to CapitaLand Mall Trust (CMT) for $ 780 million. Opened in December 2013, Bedok Mall is the first major mall in the heart of Bedok Town Centre, serving Singapore' s largest estate of about 300,000 residents as well as other residents in the east of Singapore. CapitaLand closed at $ 3.38 yesterday. Duty Free International saw 1Q earnings rise 22.8% to RM14.5 million ($ 5.2 million) from a year ago. Revenue rose 8.8% to RM139.7 million led by the trading of duty-free goods. DFI last traded at 28.5 cents. Soilbuild Business Space REIT' s distributable income jumped 17.9% to $ 14.3 million in the second quarter ended June 30, 2015, from $ 12.1 million in the previous corresponding quarter. Soilbuild closed at 86 cents. NauticAWT, the Singapore-based oilfield engineering firm, is raising $ 5.6 million in an initial public offering. The public offer of 1 million shares at 20 cents each will open at 9.00 am this morning and close at 12 noon on July 21. China Sky Chemical Fibre Co., says the auditor of the company Baker Tilly TFW LLP has tendered its resignation on July 8 due to difficult working relationship with management and a proposed fee hike. The appointment of RT LLP as its new auditor is subject to the approval by shareholders. China Sky last traded at 10.2 cents. |
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WanSiTong
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15-Jul-2015 06:47
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Dow +0.42% 18,053.58 / +75.90 Nasdaq +0.66% 5,104.89 / +33.38 S& P +0.45% 2,108.95 / +9.35 Wall St. notches fourth straight advance as energy gains Wall Street gained for a fourth straight session on Tuesday, its longest winning streak since January, buoyed by the energy sector as oil prices rebounded from early declines. Oil prices were initially lower on concerns a deal between Iran and six global powers would result in more supply, but turned higher after it became apparent sanctions on Tehran' s crude exports would not be removed immediately. " The big news is clearly in the oil markets and the fact there was an agreement reached," said David Lefkowitz, senior equity strategist at UBS Wealth Management Americas in New York. " There is still, frankly, a lot of uncertainty about exactly what it will do in terms of oil supply." The S& P energy sector .SPNY advanced 0.8 percent, led by a 0.8 percent gain in Exxon Mobil Corp (XOM.N) to $83.11. Brent LCOc1 settled up 1.1 percent to $58.51 and U.S. crude CLc1 settled up 84 cents to $53.04 a barrel. Gains were broad, with nine of the 10 major S& P 500 sectors ending higher, led by a 1 percent gain in the healthcare index .SPXHC. The Nasdaq biotech index .NBI jumped more than 2 percent to hit a record high for the second time in three weeks. The Dow Jones industrial average .DJI rose 75.9 points, or 0.42 percent, to 18,053.58, the S& P 500 .SPX gained 9.35 points, or 0.45 percent, to 2,108.95 and the Nasdaq Composite .IXIC added 33.38 points, or 0.66 percent, to 5,104.89. Investors have shifted focus to corporate profits as the pace of quarterly results begins to pick up speed, diverting attention from the debt crisis in Greece and the massive selloff in Chinese stocks. U.S. companies are expected to report their worst sales decline in nearly six years when they post second-quarter results, while earnings are expected to have fallen 2.8 percent, according to Thomson Reuters estimates. JPMorgan (JPM.N) and Wells Fargo (WFC.N) helped lift financials .SPSY by 0.4 percent after posting quarterly results. JPMorgan rose 1.4 percent to $69.04 and Wells Fargo climbed 0.9 percent to $57.25. Twitter (TWTR.N) jumped as much as 8.5 percent after a false report, attributed to Bloomberg LP, that the social media company received an offer to be acquired for $31 billion. Bloomberg and Twitter said the report was fake and the stock ended the session up 0.9 percent at $36.72. Micron Technology (MU.O) jumped as much as 12.7 percent to $19.84 and was the biggest gainer on the S& P 500. China' s state-backed Tsinghua Unigroup Ltd is preparing a $23 billion bid for the U.S. memory chip maker, Reuters reported, in what would be the biggest Chinese takeover of a U.S. company. NYSE advancing issues outnumbered declining ones 1,934 to 1,089 on the Nasdaq, 1,769 issues rose and 1,032 fell. The S& P 500 posted 44 new 52-week highs and 2 new lows while the Nasdaq recorded 137 new highs and 34 new lows. Volume was light, with about 5.5 billion shares traded on U.S. exchanges, well below the 6.8 billion average so far this month, according to data from BATS Global Markets. |
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WanSiTong
Supreme |
14-Jul-2015 17:53
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Singapore sees sharper than expected contraction in 2Q GDP with manufacturing leading decline Singapore' s 2Q advance GDP estimate, compiled largely from April and May data, declined 4.6% qoq seasonally adjusted annual rate (saar). On a yoy basis, GDP expanded 1.7%. First quarter GDP was upwardly revised for the second time to 4.2% qoq saar, from the 3.2% in the final 1Q GDP print. The manufacturing sector declined 14% qoq saar, following the 0.4% expansion in 1Q. The 2Q reading showed the sharpest rate of decline in almost three years, dragged down by a fall in the biomedical manufacturing and transport engineering sectors. According to economist Joseph Incalcaterra in a note released by HSBC Global Research today, the Singapore economy was partly shielded from deteriorating external demand conditions in 1Q, thanks to a surge in biomedical output. Robust performance of domestically-oriented sectors ranging from construction to wholesale and retail trade also helped. However, in 2Q, there was likely negative pay-back precisely from these sectors, in addition to pressure from the slowdown across most markets. While the decline in the manufacturing sector was widely expected, Incalcaterra notes that the biggest surprise was the contraction in services output. Services sector output fell 2.6% qoq saar following an expansion of 3.8% in 1Q. Incalcaterra observes that this moderation was likely a result of negative pull-back in the ' wholesale and retail trade' and ' transportation and storage' sectors. Incalcaterra believes that the manufacturing sector will continue to be beleaguered by a mix of cyclical and structural hurdles in the near-term. He also points out that external demand remains weak, particularly in China, which is the elephant in the room. Year to date, non-oil domestic exports (NODX) to China is down by 5% yoy. " We think shipments will continue to decline into the beginning of 3Q. As Singapore' s largest trading partner both in terms of NODX and overall exports, China' s economy will bear significantly on growth of Singapore' s external sectors," he says. " Structurally, there is still likely to be a fair degree of realignment and repositioning of electronics output." He adds that some manufacturing may be redistributed to other parts of the pan-Asia electronics supply chain as Singapore concentrates on higher-value added components such as research and development. As a result, the manufacturing share of GDP is likely to decline further in coming years as electronics accounts for roughly 30% of the sector. |
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Demostation
Supreme |
14-Jul-2015 15:36
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Yah hor...
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Siwomp
Supreme |
14-Jul-2015 15:34
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It took real talent to shrunk the greek economy by 25% in 5 yrs and raising unemployment to 23%. Now they are going to kill off their tourism industry which is an important contributor to their economy with the 20+% tax as required by the bailout deal...... and with a huge 360+86billion loan... they will have problem paying off the interest. | ||||
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Siwomp
Supreme |
14-Jul-2015 15:19
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reform later kenna killed off by the greek themselves.... 2 more days.
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WanSiTong
Supreme |
14-Jul-2015 13:37
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Noon Market Singapore shares post modest gainsJuly 14, 2015 : 1:14 PM Singapore shares inched higher in mid-day trading. At 12:48 pm (0448 GMT), the Straits Times Index added 0.08% to 3,313.82. Market breadth was positive, with 204 gainers trouncing 163 decliners. The Straits Times Index came off from its intraday peak of 3,330.23 and low of 3,311.07. Volume amounted to 673.8 million shares worth $ 470.1 million changing hands. DBS Group Holdings , Global Logistic Properties , Singapore Telecommunications, Keppel Corporation , and United Overseas Bank were among the most active stocks in the market. Keppel Corporation rose 0.2% to $ 8.19 in active trading. The conglomerate' s wholly owned subsidiary Keppel FELS has secured a contract to build a high specification liftboat worth $ 115.02 million from Crystal Heights Holdings. The Stratech Group traded flat at 4 cents. The company, which provide precise image processing solutions for surveillance and security, has submitted an application to Singapore Exchange for its removal from the bourse operator' s watch-list. Oriental Group last traded at 9.5 cents on July 13. The company, which engages in the manufacture, procurement, and supply of metal products, requested for a trading halt on its shares pending the release of announcements. Singapore Windsor Holdings last traded at 39.5 cents on July 7. The investment holding company with a focus on Myanmar has agreed to issue about 11.3 million new shares at 35.55 cents each to two investors to raise about $ 4 million. CNA Group last traded at 2.6 cents on July 13 after requesting for a trading halt. The master systems integrator, which is facing a boardroom tussle between the co-founder and the former CEO of its China business, says a court application has been filed by the board to place the company under judicial management. Among top decliners, Renewable Energy Asia Group plunged 9.1% to 2 cents. The independent auditors of the group, which is engaged in the development of renewable energy projects, has expressed uncertainty over the group' s ability to meet its financial obligations and cast doubt over the group' s ability to operate as a going concern. Metro Holdings dipped 0.5% to 99 cents. The company, which engages in retail, property development, and leisure businesses, has exited the Japanese property market with the disposal of its sole office building in Tokyo, Japan, for about $ 57.7 million. Stocks that went ex-dividend today included SMRT Corporation . |
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Siwomp
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14-Jul-2015 11:34
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Hoot....shorted the hsi cw again.... Huat Ah........ soon mkt willalso wake up to the reality of the greece deal...... which is feable at best. the only reason why greece still in eu is russia and to a lesser extend... china | ||||
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WanSiTong
Supreme |
14-Jul-2015 08:25
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Market Preview Singapore stocks could open higher this morningJuly 14, 2015 : 8:06 AM The Singapore market could open higher this morning after euro zone leaders reached a tentative deal to bail out Greece. US stocks finished sharply higher overnight, with the Dow Jones industrial average re-emerging in positive territory for the year. The Dow Jones industrial average rose 217.27 points, or 1.22%, to end at 17,977.68. The S & P 500 gained 22.98 points, or 1.11%, to 2,099.6 and the Nasdaq Composite added 73.82 points, or 1.48%, to 5,071.51. The Straits Times Index rose 0.96% to 3,311.22 with 1.44 billion shares valued at $ 872.2 million changing hands. Here are some stocks and factors that could move the market this morning: Keppel FELS, a wholly owned subsidiary of Keppel Corp , has secured a contract to build a high specification liftboat worth $ 115.02 million from Crystal Heights Holdings. Keppel ended up 2 cents to $ 8.17. Metro Holdings has exited the Japanese property market on the disposal of its sole office building in Tokyo, Japan, for about $ 57.7 million. Metro ended up 2 cents to 99.5 cents. Second Chance saw a 7.4% fall in 3Q net profit to $ 3.95 million from a year ago as revenue fell 2.7% to $ 10.53 million. Second Chance closed at 31.5 cents. Four property developers led by Heeton Holdings , have jointly acquired a " prominent site" in Leeds, UK for an undisclosed price to embark on a mixed property development. Heeton will take a 55% stake while KSH Holdings , Lian Beng Group and Ryobi Kiso Holdings through Leeds Investment & Development will take 15% each in the project. Heeton, Ryobi Kiso, KSH and Lian Beng closed at 60 cents, 10.5 cents, 50.5 cents and 54 cents respectively. Singapore Windsor Holdings , the investment holding company with a focus on Myanmar, has agreed to issue about 11.3 million new shares at 35.55 cents each to two investors to raise about $ 4 million. Singapore Windsor last traded at 39.5 cents. CNA Group , which is facing a boardroom tussle between the founder and the former CEO of its China business, says a court application has been filed by the board to place the company under judicial management. Shares of CNA last traded at 2.6 cents. The independent auditors of Renewable Energy Asia Group has expressed uncertainty over the group' s ability to meet its financial obligations and cast doubt over the group' s ability to operate as a going concern. Renewable Energy Asia Group closed at 2.2 cents. |
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WanSiTong
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14-Jul-2015 08:03
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Dow +1.22% 17,977.68 / +217.27
Nasdaq +1.48% 5,071.51 / +73.81 S& P +1.11% 2,099.60 / +22.98 Wall Street rallies on Greek deal tech stocks jump
U.S. stocks finished sharply higher on Monday, with the Dow Jones industrial average re-emerging in positive territory for the year, after euro zone leaders reached a tentative deal to bail out Greece. The improved European picture led to best three-day run this year for the S& P 500 and Nasdaq Composite. Facebook (FB.O), Netflix (NFLX.O) and Amazon (AMZN.O) all hit record highs, while Apple' s (AAPL.O) 1.93 percent rise gave the biggest boost to the Nasdaq. Greece won conditional agreement to receive a possible $95 billion over three years, along with an assurance of talks to bridge a funding gap until a bailout is ready. The deal is contingent on Greece meeting a tight timetable to enact strict reforms. " Headlines out of Greece are going to dissipate a bit and with that the U.S. earnings picture is going to start to emerge as the important factor," said Mike Binger, a portfolio manager at Gradient Investments in Shoreview, Minnesota, with $850 million under management. Also making Wall Street more confident, Chinese stocks rose for a third straight day as data showed exports rose while imports slipped in June, a tentative sign global demand might be on the mend. Historically high stock valuations may attract fresh attention when U.S. companies post second-quarter results over the next several weeks. Wall Street expects a 2.9 percent dip in quarterly earnings, according to Thomson Reuters I/B/E/S. Pointing to expectations of calmer trading, the CBOE Volatility index .VIX fell 16 percent on Monday. Its 29 percent decline in the past two sessions is the largest two-day drop since Jan. 2, 2013. The Dow Jones industrial average .DJI rose 217.27 points, or 1.22 percent, to end at 17,977.68. The S& P 500 .SPX gained 22.98 points, or 1.11 percent, to 2,099.6 and the Nasdaq Composite .IXIC added 73.82 points, or 1.48 percent, to 5,071.51. All of 10 major S& P 500 sectors were higher, led by the technology index .SPLRCT, up 1.62 percent. The financial index .SPSY rose 1.09 percent. Upcoming quarterly earnings reports from banks are expected to benefit from a recent rise in long-term yields relative to short term yields. Crude tumbled on progress toward a nuclear deal that would end sanctions on Iran, allowing more oil onto the market. The energy index .SPNY stayed positive but has been the worst-performing S& P sector over the last month, falling over 5 percent. The oil slide boosted U.S. airline stocks .DJUSAR. American Airlines (AAL.O), United Continental (UAL.N), JetBlue (JBLU.O) and Alaska Air (ALK.N) were all up between 1 and 3 percent. Apple (AAPL.O) was up 4.66 percent in the past two days for its best back-to-back run since January. Markwest Energy Partners (MWE.N) rose 13.96 percent. MPLX (MPLX.N), Marathon Petroleum' s (MPC.N) master limited partnership, said it will buy the natural gas processor for about $15.63 billion. MPLX (MPLX.N) fell 14.51 while Marathon rose 7.88 percent. Advancing issues outnumbered decliners on the NYSE by 2,242 to 830. On the Nasdaq, 2,002 issues rose and 808 fell. The S& P 500 posted 43 new 52-week highs and 10 new lows the Nasdaq recorded 149 new highs and 42 new lows. About 5.9 billion shares traded on all U.S. platforms, according to BATS exchange data, below the month-to-date average of 6.9 billion. |
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SSS111
Veteran |
13-Jul-2015 17:39
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LOL...........................its a 3 year bailout ....: Greece has agreed to tough reforms after marathon talks with eurozone leaders in return for a three-year bailout worth up to 86 billion euros ($129 billion
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Siwomp
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13-Jul-2015 17:04
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don't need wait 3 yrs, 3 days and we might have it.
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SSS111
Veteran |
13-Jul-2015 17:01
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CHEERS !......SHORTIST HOPE GREECE GOES DOWN BUT DID NOT............. WAIT FOR 3 MORE YEARS THEN MAY HAPPEN AGAIN............... WORST NIGHTMARE GREECE IS OVER FOR NOW.....!!
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Demostation
Supreme |
13-Jul-2015 16:58
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STI will steadily climb and all pennies will see the light of day after the new CEO steps into his office at SGX. Think he will ensure many changes to take place and that the money invested in stocks are not so easily burnt. Huat arh! Buy for capital growth, is a big dream that may come true, lol. |
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Siwomp
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13-Jul-2015 16:46
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Slow death of Greece and Euro........ no one has the balls to bit the bullets. Instead, they let the rot to continue....... doomed. Then again, they can write off greece debt, might as well write off the debts of spain, portugal,.italy, etcs..... print more money ..。 。 .. heck, credibility is not a problemto them anyway if they can bail out greece for the 3rd time. crap.
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RoundRound
Elite |
13-Jul-2015 16:37
Yells: "Tikam Tikam can also" |
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Expecting a run of buying very near to closing time as institutions and investors wanted to position themselves for further upsides in coming days. .... HUAT ARRHH
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Siwomp
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13-Jul-2015 15:52
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3rd round of kicking the can down the road...... a doomed country with little hope of repaying their 340 - 360 billion debt and growing. | ||||
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coolwater
Member |
13-Jul-2015 15:43
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I think the greek impasse has alrdy factored in px considering there wasnt any heavy volatility during the past few sessions. |
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hlfoo2010
Master |
13-Jul-2015 15:35
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Geece has How many debts ???? when one by one are coming ?????? |
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