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STI to cross 3000 boosted by long-term investors
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WanSiTong
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08-Apr-2015 13:47
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Noon Market Singapore shares down as market digests gains from TuesdaySINGAPORE (April 8): Buyers retreated following yesterday' s run-up and appeared content to stay on the sidelines after taking some profits in early trading. At 12:27pm, the Straits Times Index was down 0.2% at 3,458.39. Market breadth was slightly negative. Among blue chips, notable decliners included Noble Group down 2.7% at 91 cents Golden Agri-Resources down 2.2% at 43.5 cents the Singapore Exchange, down 1.6% at $7.89 and Jardine Strategic Holdings, down 1.6% at US$35.16. Singtel fell 0.9% to $4.38 after the telco announced a US$810-million ($1.09-billion) acquisition of US-based cyber security firm Trustwave, its biggest investment in years. Penny stocks dominated trading, led by Magnus Energy which fell 25% to 0.3 cent, with 80 million shares traded. Other small caps in play included SIIC Environment, up 4.1% at 17.8 cents Albedo, up 22.2% at 1.1 cents Triyards Holdings up 8.2% at 46 cents and Ntegrator International up 8% at 2.7 cents. |
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WanSiTong
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08-Apr-2015 08:07
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Market Preview Singapore shares seen choppy eyes on SingtelSINGAPORE (April 8): Singapore shares may get off to a choppy start following a slight pullback on Wall Street overnight. Penny stocks may again dominate trading amid a lack of local corporate news flow. The Dow Jones Industrial Average ended little changed at 17,875.42, the S& P 500 shed 0.2% to 2,076.33 and the Nasdaq Composite slipped 0.1% to 4,910.23. In Singapore, the Straits Times Index ended 0.4% higher at 3,465.62 yesterday. COMPANIES IN THE NEWS: Singtel will pay US$810 million ($1.09 billion) for a 98% stake in US-based security services firm Trustwave in a bid to boost its cyber-security capabilities. Chicago-headquartered Trustwave is the largest independent managed security services provider in North America, and has more than three million business subscribers. Singtel shares ended flat at $4.42 yesterday. Higher administrative and finance costs, lower contributions from associates, and losses from joint ventures left Ezra Holdings with earnings of only US$138,000 ($186,488) for the quarter ended Feb 28. It earned US$19.6 million a year earlier. Ezra shares ended flat at 43.5 cents yesterday. Sino Construction has allowed two proposed acquisition agreements to lapse as it seeks to develop its fledgling renewable energy business. It offered in June last year to take a 51% stake in Africa-focused Signet Coking Coal International. A month later, it agreed to buy 52% of JEMS Exploration, a coal miner in Australia. It will no longer proceed with the deals, saying certain conditions have not been met. Sino Construction shares ended flat at 5.2 cents yesterday. Hiap Tong Corp has sold its 80% stake in Inner Mongolia Hiap Tong An Da Heavy Lift Co for $570,000. The latter leases out cranes, prime movers and heavy machinery in China. Hiap Tong shares were not traded yesterday. They last closed at 12.7 cents. Darco Water Technologies ' independent auditor, Crowe Horwath First Trust, has flagged concerns that the company might not be able to continue as a going concern, given its negative operating cash flows, ongoing litigations related to its operations in Taiwan, and that its current liabilities have exceeded its current assets. Darco shares rose 3.4% to 0.3 cent yesterday. Ntegrator International has clinched a $25.6-million contract to install, operate and maintain Singapore' s next-generation national broadband network. Ntegrator shares rose 4.2% to 2.5 cents yesterday. RH Petrogas will relinquish its production sharing contract in Sumatra' s Jambi province. RH Petrogas shares rose 9.5% to 34.5 cents yesterday. |
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WanSiTong
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08-Apr-2015 06:56
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Dow -0.03% 17,875.42 / -5.43 Nasdaq -0.14% 4,910.23 / -7.09 S& P -0.21% 2,076.33 / -4.29 U.S. stocks lower as day&rsquo s gains fizzle U.S. stocks closed slightly lower Tuesday, as an effort to build on Monday&rsquo s strong gains ran out of steam. No top-tier economic reports came out, but mergers-and-acquisitions news helped to limit losses, with FedEx Corp. FDX, +0.02% among the S& P 500&rsquo s biggest advancers after the shipping giant said it would buy Dutch logistics company TNT Express. The S& P 500 SPX, -0.21% dipped by 4.29 points, or 0.2%, to close at 2,076.33. Only health care XLV, -0.28% and energy XLE, -0.14% avoided losses among the index&rsquo s 10 sectors. Energy-related stocks rose along with the U.S. oil benchmark, CLK5, -2.09% which jumped 3.5% and settled at its best level so far this year. Meanwhile, the Dow Jones Industrial Average DJIA, -0.03% inched lower by 5.43 points, or less than 0.1%, to end at 17,875.42, after the blue-chip gauge briefly showed a gain of more than 100 points. The Nasdaq Composite COMP, -0.14% fell by 7.08 points, or 0.1%, to finish at 4,910.23. Tuesday' s slip came amid slow trading, as composite volume was at its second-lowest level so far this year, according to a Dow Jones markets data group. But the reversal to the downside still indicates some wariness among investors ahead of first-quarter earnings season, which unofficially kicks off Wednesday with Alcoa Inc.&rsquo s AA, +0.74% report after the close. The three main indexes all remain up between 0.5% and 0.6% for the week after Monday' s rally, which was attributed to bets that last Friday&rsquo s weak jobs report could delay interest-rate hikes. This week' s gains by equities should be accompanied by a dose of caution, according to some market experts. The monthly average for job creation in 2015 is still above 200,000 so far, and the dismal March report could see a revision when next month&rsquo s data are published, Stan Shamu, market strategist with IG, said in a note. " As far as the Fed is concerned, it is unlikely that one month' s data will make all the difference, and we know the central bank only has to be reasonably confident that inflation and jobs will trend toward target over the next couple of years for it to act," Shamu said. Among chart watchers, BTIG' s Katie Stockton said her team is " not convinced that the pullback has fully matured yet." A breakout above " intraday resistance" near 2,089 by the S& P 500 " would be an " all-clear&rsquo signal," said Stockton, BTIG' s chief technical strategist, in a note Tuesday. The S& P scored a record close on March 2, but has since held below that record level for five weeks. Tuesday' s economic news: Job openings rose to a 14-year high of 5.13 million in February, the Labor Department said. Before the market' s open, Minnesota Fed President Narayana Kocherlakota, a leading dove and nonvoting member, said in a speech that no rate hikes are needed until 2016&rsquo s second half. Other markets: Oil rose, erasing early losses and adding to Monday&rsquo s big advance. Gold prices GCK5, -0.17% fell after a gain on Monday, while the dollar DXY, +0.00% pushed higher against major rivals. In a catch-up move as investors returned from a long holiday weekend, European stocks SXXP, +1.64% finished with gains. Asian stock markets closed mostly higher. |
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Octavia
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07-Apr-2015 14:54
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WanSiTong
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07-Apr-2015 13:08
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Noon Market Singapore shares retain gains Straits Times Index up 0.5%April 7, 2015 : 12:56 PM SINGAPORE (April 7): Stocks in Singapore held on to gains, with even blue chips mostly higher, as investors returned after a slow start to the week. At 12:43pm (0443 GMT), the Straits Times Index was 0.5% higher at 3,469.12. Market breadth was positive, with almost two gainers for every decliner. Most of the action was on small caps. Asiasons Capital jumped 10% to 2.2 cents on strong volume after the private equity firm said it was in talks to sell a subsidiary and that it had entered into a term-sheet agreement to raise up to $25 million. Asiasons, as well as Blumont Group and LionGold Corp were forced to call off separate deals and cash calls after their shares collapsed in October 2013. KTL Global rose 2.7% to 19 cents. The maker of steel-wire ropes used by offshore and marine companies said it will move its production operation in Singapore to Johor to cut costs, while it expands its reach in the Middle East and China. Charisma Energy Services rose 8.3% to 2.6 cents, extending yesterday' s rally sparked by news that the company has acquired full control of an entity with a A$24-million contract to lease onshore oil and gas assets in Australia for up to 10 years. Triyards Holdings jumped 7.8% to 41.5 cents after the shipbuilder said it has secured US$100 million worth of new contracts. Among mid-caps, Wing Tai Holdings fell 3.8% to $2.03 on profit-taking. The stock had run up substantially in recent weeks on speculation that it could be taken private or unload some of its unsold residential projects to a private equity player. CIMB downgraded the stock to " hold" from " add" , citing rich valuations. |
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WanSiTong
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07-Apr-2015 08:32
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Market Preview Singapore shares seen opening higher but gains likely modestApril 7, 2015 : 8:26 AM SINGAPORE (April 7): Gains on Wall Street overnight may lift Singapore shares but the upside is likely to be modest, especially for blue chips, ahead of the March-quarter earnings season, which kicks off in full swing next week. The Dow Jones Industrial Average rose 0.7% to 17,880.85, the S& P 500 put on 0.7% to 2,080.62 and the Nasdaq Composite climbed 0.6% to 4,917.32. In Singapore, the Straits Times Index ended little changed at 3,452.91 yesterday. COMPANIES IN THE NEWS: Triyards Holdings has secured US$100 million ($135.3 million) of new orders that comprise a liftboat, a high-speed aluminium craft project that includes integrated logistics support work, and a fabrication project. It also reported results for the quarter ended Feb 28. Earnings fell 34% y-o-y to US$5.1 million on lower revenue and higher administrative expenses. Triyards shares ended flat at 38.5 cents yesterday. Asiasons Capital is seeking to raise up to $25 million by issuing notes that can converted into shares. The company is also in talks with a party it did not name to sell a subsidiary. Asiasons shares ended 11.1% higher at two cents yesterday. KTL Global , which makes steel-wire ropes used by offshore and marine companies, is increasing its headcount in the Middle East, expanding its sales network in China, and moving most of its production in Singapore to Malaysia. KTL Global shares rose 3.4% to 18.5 cents yesterday. EMAS Offshore, which leases out offshore support vessels and provides engineering services to oil and gas companies, reported earnings of US$9.7 million ($13.1 million) for the quarter ended Feb 28, more than double the US$4 million it earned a year earlier. EMAS shares rose 4.2% to 37.5 cents yesterday. Trek 2000 International has secured a contract worth US$50 million ($67.6 million) from China-based Rely/Mattel Inc to supply Wi-Fi memory modules for smart devices. Trek 2000 shares rose 8.8% to 37 cents yesterday. |
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WanSiTong
Supreme |
07-Apr-2015 07:36
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Dow +0.66% 17,880.85 / +117.61 Nasdaq +0.62% 4,917.32 / +30.38 S& P +0.66% 2,080.62 / +13.66 Wall Street ends higher as rate hike worries ease U.S. stocks rose on Monday as expectations the Federal Reserve could hold off longer on raising U.S. interest rates offset concerns over Friday' s surprisingly weak monthly jobs report. The jobs report came in well below expectations, with data showing U.S. employers last month added the fewest jobs in over a year. U.S. stock markets were closed for the Good Friday holiday. Underscoring the economic weakness, an ISM report on Monday showed the pace of growth in the U.S. services sector fell in March to its lowest level in three months " The weekend allowed market participants to see the positive side of the weak Friday (jobs) number, which is that rates probably aren' t going to rise very quickly," said Rick Meckler, president of investment firm LibertyView Capital Management in Jersey City, New Jersey. The Fed is expected to raise U.S. interest rates later this year for the first time in almost a decade if the economy, especially the labor market, keeps improving. The S& P utilities sector, which tends to outperform in low interest rate environments, rose 1.3 percent, making it among the best-performing sectors of the day. The S& P energy sector, up 1.8 percent, led gains as U.S. crude oil futures jumped 6.1 percent after Saudi Arabia raised its price for sales to Asia and estimates for crude buildups fell. The Dow Jones industrial average rose 117.61 points, or 0.66 percent, to 17,880.85 the S& P 500 gained 13.66 points, or 0.66 percent, to 2,080.62, and the Nasdaq Composite Index added 30.38 points, or 0.62 percent, to 4,917.32. The day' s gains left the Dow up 0.3 percent so far in 2015. The S& P 500 is up 1.1 percent since Dec. 31. The lackluster economic data also eased some concerns that the U.S. dollar would continue to strengthen and pressure the earnings of companies with international exposure. " So far the data continues to suggest the economy remains weaker, not stronger," said Adam Sarhan, chief executive of Sarhan Capital in New York. Adding to the day' s bullish tone, New York Fed President William Dudley said the U.S. central bank will need to determine whether that jobs report foreshadows a more substantial slowing in the labor market, adding he expects the path of rate hikes to be " relatively shallow." U.S.-listed shares of Amsterdam-based Uniqure soared 47 percent to $33.61 after a deal with Bristol-Myers Squibb to develop gene therapies for cardiovascular diseases. Tesla Motors Inc added 6.3 percent to $203.10 after it reported a 55 percent increase in deliveries in the first quarter. After the bell, shares of Humana Inc edged up 0.7 percent to $179.50. A U.S. regulator said late on Monday that payments to health insurers operating Medicare Advantage plans for the elderly and disabled will increase by 1.25 percent in 2016. During the session, advancing issues outnumbered declining ones on the NYSE by 2,217 to 836 on the Nasdaq, 1,505 issues rose and 1,262 fell. The benchmark S& P 500 index posted 24 new 52-week highs and 3 new lows the Nasdaq Composite recorded 74 new highs and 25 new lows. About 6.2 billion shares changed hands on U.S. exchanges, matching the daily average for the last five sessions, according to data from BATS Global Markets. |
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teeth53
Supreme |
06-Apr-2015 22:05
Yells: "don't learn through life, learn to grow with life " |
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Today. All top traded volume is small cap, 30 penny stocks is in play. with top 30 penny stocks volume of 1,331,213,500 billion shares changed hand. Top 5 volume alone registered 617,803,800 million share changed hands, while next 6th to 10th registered a volume of 246,029,600 million shares changed hands. In all 30 penny stocks - 20 is green, 3 registered red and 7 finished unchanged.
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WanSiTong
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06-Apr-2015 13:52
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Noon Market Singapore shares mostly higher small caps heavily tradedSINGAPORE (April 6): Market breadth in Singapore remained positive, with almost two gainers for every decliner. Small caps mostly outperformed blue chips, which generally stagnated as investors held back ahead of the March-quarter earnings season, which starts next week. At 12:34pm (0434 GMT), the Straits Times Index was little changed at 3,455.66. The most heavily traded stocks in the market included Ellipsiz, up 2.8% at 14.5 cents Vallianz Holdings up 9.4% at 5.8 cents Mirach Energy up 9.8% at 6.7 cents Blumont Group up 20% at 1.2 cents and SingHaiyi Group up 1.8% at 16.6 cents. Charisma Energy rose 4.5% to 2.3 cents in active trading after the company acquired full control of Aus Am, a Singapore-incorporated company that owns and leases onshore oil and gas assets in Australia. Aus Am has a contract worth about A$24 million ($24.7 million) to lease onshore assets to support marine and oil and gas operations for up to 10 years. AusGroup climbed 2.3% to 22 cents after the company said it has secured a five-year contract to provide brown-field maintenance and support services to Chevron Australia. The value of the contract was not disclosed. |
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WanSiTong
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06-Apr-2015 08:52
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Market Preview Weak US jobs report may delay Fed rate hike, lift Singapore sharesSINGAPORE (April 6): Singapore shares may open higher on hopes that the Federal Reserve will delay raising interest rates, following a weaker-than-expected US nonfarm payrolls report released last Friday. US employers added only 126,000 jobs in March, compared to 264,000 in February and 201,000 in January. " (The) disappointing nonfarm payrolls can&rsquo t be blamed on the weather or the shake-out in the oil & gas industry," Rabobank' s senior US strategist Philip Marey wrote in a note to clients. " They are in line with other economic data that show that weak global economic growth and the strong US dollar are having a negative impact on the US economy," he said. " This supports our view that the Fed will delay the first rate hike to the final quarter of the year." Markets in the US and Singapore were closed on April 3 for the Good Friday holiday. In Singapore, the Straits Times Index closed 0.2% higher at 3,453.75 last Thursday. COMPANIES IN THE NEWS: Rowsley has called off plans to invest US$275 million ($374 million) in a mega mixed development in Myanmar. Under a proposed agreement with Hoang Anh Gia Lai Joint Stock Co (HAGL) announced in February, Rowsley would take a 50% stake in a firm that owns HAGL Myanmar Centre, a US$550-million project in Yangon being developed by HAGL. The proposed joint venture will no longer proceed as both sides could not agree on the details of the investment structure. Rowsley shares ended flat at 18.8 cents last Thursday. IPCO International said Quah Su Ling has resigned as CEO and executive director to focus on her " present personal challenges" Her last day with the company was March 31. IPCO shares fell 20% to 0.4 cent last Thursday. AVIC International Maritime Holdings will pay US$3.6 million ($4.9 million) in cash for a 60% stake in Singapore-incorporated AVIC Zhenjiang Shipyard Marine, a ship investment firm partly owned by its controlling shareholder AVIC Industrial Corp. AVIC shares were not traded last Thursday. They last closed at 11 cents. AusGroup has secured a five-year contract to provide brown-field maintenance and support services to Chevron Australia. The value of the contract was not disclosed. AusGroup shares closed 2.3% lower at 21.5 cents last Thursday. TEE Land reported earnings of $1.2 million for the quarter ended Feb 28. That was lower than the $3.4 million it earned in the same period a year earlier. Revenue fell 47% to $8.4 million. TEE Land shares were not traded last Thursday. They last closed at 26.5 cents. Joyas International has received orders for about one million metric tonnes of nickel ore to be delivered in 20 shipments over the next 12 months. Based on current nickel ore prices, the contract is worth about US$60 million. Joyas International shares ended flat at 2.2 cents last Thursday. Charisma Energy Services has acquired full control of Aus Am, a Singapore-incorporated company that owns and leases onshore oil and gas assets in Australia. Aus Am has a contract worth about A$24 million ($24.7 million) to lease onshore assets to support marine and oil and gas operations for up to 10 years. Charisma Energy shares rose 15.8% to 2.2 cents last Thursday. Great Group' s independent auditor, Nexia TS Public Accounting Corp, has flagged concerns that the company might not be able to continue as a going concern, noting its 2014 loss of RMB21.6 million and that its bank borrowings are significantly higher than its cash. Great Group shares were not traded last Thursday. They last closed at 3.1 cents. |
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teeth53
Supreme |
05-Apr-2015 20:33
Yells: "don't learn through life, learn to grow with life " |
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Terence Wong. RHB head of research. He sees the STI reaching levels around 3,700. The off-shore marine sector, now beaten down by low oil prices,could stage a come-back in the 2nd half, expecting a recovery in oil prices after Opec meets in June. There could be less overcapacity by the 2nd half.
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teeth53
Supreme |
04-Apr-2015 14:00
Yells: "don't learn through life, learn to grow with life " |
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SGX market cap rises for 4th month in a row - PressReader
www.pressreader.com/.../the.../TextView 7 hours ago - SGX market cap rises for 4th monthin a row ... (SGX) grew a modest 3.2 per cent for thequarter amid a dearth ... 3,453.75 points, up 1.5 per cent from a month earlier. ... ?Most of the gainscame from the change in share prices..... |
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teeth53
Supreme |
03-Apr-2015 22:55
Yells: "don't learn through life, learn to grow with life " |
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Likely DOW, to test new high n likely our ST Index remain just ard...to test STI 3,550 on short term. Thursday 2-04-2015. STI Closed - 3,453.75 points, +6.73 points or +0.20%
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teeth53
Supreme |
03-Apr-2015 22:46
Yells: "don't learn through life, learn to grow with life " |
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when Obama time is up, stock will rise like tsunami, but now interest rate will not rise on short term. Speculating while it still hot...Penny will see selective bargaining hunters coming in.
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Qanghoo
Supreme |
03-Apr-2015 21:51
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Who knows, maybe QE4 will be launched soon.
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Qanghoo
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03-Apr-2015 21:39
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Dow will drop 350 pts on Monday. Oil will fall 5%. But Dow will be back up almost immediately cos WS will take it that interest hike cannot happen so soon. Perhaps, it' s proving again that, without life support, American growth is not sustainable. On top of that, USD is too high. Soon, they' ll be back in recession if those speculators keep pumping up USD.
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halleluyah
Supreme |
03-Apr-2015 21:17
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Yes but tis figure is super damn low...if it is ard 190k then can consider bad bews is gd news...Wth 126k n Diw now is super high n if recession were to come then habis mati lemas....
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WanSiTong
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03-Apr-2015 21:03
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In US nowadays...bad news is good news..lol!
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halleluyah
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03-Apr-2015 20:51
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Wow damn lousy...March jobs add only 126k...abt half short frm estimation of 248k....i think Mon going yo lau sai liao..... | ||||
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WanSiTong
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03-Apr-2015 08:09
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Dow +0.37% 17,763.24 / +65.06 Nasdaq +0.14% 4,886.94 / +6.71 S& P +0.35% 2,066.96 / +7.27 US: Wall Street holds on after bumpy week Another volatile week had investors on Wall Street clinging to gains on Thursday ahead of a long holiday weekend. Facing a major data release - the March jobs market report - on Friday when markets are closed for the Easter holiday, traders pushed shares higher Thursday, showing a lack of deep concern over the direction of the economy and geopolitics elsewhere. At the end of the four day trading week, the Dow Jones Industrial Average added 0.29 per cent to 17,763.24. The S& P 500 also gained 0.29 per cent, finishing at 2,066.96. The Nasdaq Composite fell a bare 0.1 per cent, finishing the week at 4,886.94. Traders were still looking for signs in economic data that will point to when the Federal Reserve might start raising interest rates - as early as June, or later in the year as an increasing number of analysts now suspect. They also eyed the negotiations over Greece' s bailout in Europe, amid nervousness that a breakdown of talks could spark, in the worst case, a massive debt default by Athens and the country' s exit from the eurozone. But Hinsdale Associates' Bill Lynch said the holiday mood had overtaken the market. " Volumes are light and it' s kind of a lackluster day. You can' t read too much into today' s action. This is this time of year when people go on spring break," he said. Data during the week was mixed. Employment-related numbers, including the ADP March estimate and jobless claims, pointed towards a solid report on Friday. In the February trade report, exports and imports were down, both because of cheaper oil prices and the West Coast ports slowdown. The result was the lowest monthly deficit in five years, a plus for growth, but analysts said the trend, including whether the strong dollar is hurting exporters, will be clearer in March and April. On the down side, construction spending and manufacturing data were weak in February, though weather and the ports slowdown could have distorted the trend. Sam Stovall of Standard & Poor' s said the market, like the data, remains indecisive. " There is a tug-of-war between bulls and bears, the bears talking about how weak the economy is. But a weak economy could be good in that it could push the Fed to delay a rate hike," he said. " We' ve been up six years and one month, and a bull market typically lasts four-and-a-half years, so investors feel like they' re playing musical chairs and are preparing themselves for when the music will stop." But Chris Low of FTN Financial said traders were no longer totally fixated on the date for the Fed' s first rate hike. " This is the week the markets came to terms with the Fed. There was volatility just after the (Fed policy board) meeting, but traders are now comfortable with their portfolio positioning." |
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