Wednesday, May 20, 2015

Stocks to watch: GSS Energy, Accordia Golf Trust, Noble Group

THE following Singapore companies issued announcements on Tuesday that may affect their trading activity.

GSS Energy has invested S$5 million into Ramba Energy to participate in the latter's exploration programme at the West Jambi block in Sumatra, Indonesia.
This represents an expansion of GSS's existing operations in Central & East Java into Sumatra, which will enhance the group's overall growth potential, said GSS.

singapore stock picks today

Accordia Golf Trust (AGT) - which debuted on the Mainboard last August - has posted a maiden distribution per unit (DPU) of 5.16 yen (5.71 Singapore cents) for the period from August 1, 2014, to March 31, 2015 (FY2014/2015).

Net profit attributable to unitholders for the period came up to 2.6 billion yen. Total operating income stood at 33.4 billion, 2.2 per cent below AGT's forecast, due to "unfavourable weather conditions and discounts given during winter season to attract more visitors", said AGT.

Commodity trader Noble Group said it has successfully closed a US$2.3 billion committed unsecured revolving loan facility from 35 global banks.
The sum will be used for the refinancing of "certain of its existing debt" and general corporate purposes, Noble said in a statement.

Stocks to watch: Singapore property developers, QT Vascular

REPORTS or announcements relating to the following Singapore companies were issued on Tuesday, which may affect their trading activity.
Property developers may rack up as much as S$90 million in extension charges for unsold units in their condo projects from April to December this year, and a further S$238 million in 2016 if the Singapore real estate market remains lacklustre.
This is according to calculations by property consultancy Cushman & Wakefield and is based on the premise that units remain unsold by then.
Among the developers who could incur considerable Qualifying Certificate charges these two years are CapitaLand, City Developments, Wheelock Properties, Wing Tai and Heeton Holdings.

Singapore: STI opens 6.43 points lower

THE Straits Times Index (STI) opened lower on Wednesday, down 6.43 points or 0.19 per cent to 3,447.61 after Wall Street finished mixed on Tuesday.

singapore stocks to buy todayThe most active stocks out of the gate included CapitaLand - down two cents to S$3.58 - while Singtel fell three cents to S$4.28. Keppel Corp gave up nine cents to S$8.74. A total of 89.7 million shares worth S$71.7 million had changed hands at about 9.04am. Gainers narrowly outnumbered losers 75 to 72.

Tuesday, May 19, 2015

Market continues to languish

HK slide contributes to weakness; traders latch on to situational plays such as Ezion, which falls 4.6%

stocks to buyTHE main difficulty dealers have faced in the past year is finding suitable adjectives to describe the local market - printable ones, that is. Such was the case again on Monday, when the Straits Times Index drifted lower with little liquidity support. It eventually closed a nett 3.53... 

continue at- http://www.businesstimes.com.sg/companies-markets/market-continues-to-languish

Stocks to watch: GSS Energy, Accordia Golf Trust, Noble Group

THE following Singapore companies issued announcements on Tuesday that may affect their trading activity.

GSS Energy has invested S$5 million into Ramba Energy to participate in the latter's exploration programme at the West Jambi block in Sumatra, Indonesia.
This represents an expansion of GSS's existing operations in Central & East Java into Sumatra, which will enhance the group's overall growth potential, said GSS.

Accordia Golf Trust (AGT) - which debuted on the Mainboard last August - has posted a maiden distribution per unit (DPU) of 5.16 yen (5.71 Singapore cents) for the period from August 1, 2014, to March 31, 2015 (FY2014/2015).
 
Net profit attributable to unitholders for the period came up to 2.6 billion yen. Total operating income stood at 33.4 billion, 2.2 per cent below AGT's forecast, due to "unfavourable weather conditions and discounts given during winter season to attract more visitors", said AGT. 
 
Commodity trader Noble Group said it has successfully closed a US$2.3 billion committed unsecured revolving loan facility from 35 global banks. The sum will be used for the refinancing of "certain of its existing debt" and general corporate purposes, Noble said in a statement.

Singapore: STI opens 4.28 points higher


STFILESTINDEX89.jpgThe Straits Times Index (STI) rose 4.28 points or 0.12 per cent to 3,463.85 as at 9am on Tuesday. ST PHOTO THE Straits Times Index (STI) rose 4.28 points or 0.12 per cent to 3,463.85 as at 9am on Tuesday.
Among the most active stocks out of the gate were Sino Construction, up 5.88 per cent or 0.2 Singapore cent at 3.6 Singapore cents; Stratech Group, up 3.03 per cent or 0.1 Singapore cent at 3.4 Singapore cents; and Jaya Holdings, up 4.44 per cent or 0.2 Singapore cent at 4.7 Singapore cents. A total of 68.8 million shares worth S$87.6 million had changed hands as at 9. Gainers outnumbered losers 84 to 62.

Monday, May 18, 2015

Singapore's non-oil domestic exports slip in April

AFTER a surprisingly big jump in March, Singapore's non-oil domestic exports (NODX) slipped back to slow growth in April, rising just 2.2 per cent year on year last month after an 18.5 per cent increase in the previous month.

SINGAPOREECONOMYTRADE150518.jpg
Month on month, the NODX tumbled a seasonally adjusted 8.7 per cent in April against a 23.1 per cent surge in March, data released by trade promotion agency International Enterprise Singapore (IE Singapore) on Monday morning showed.

The electronic NODX was also back to its old self, posting a 3.8 per cent year-on-year dip in April. This was in contrast to 10.4 per cent rise in March.

The overall NODX was only saved from returning all the way to negative territory because the non-electronic NODX managed to stay on the growth path. It grew 4.7 per cent. While this was a far cry from the 21.6 per cent growth in March, IE Singapore said it was enough to outweigh the decline in the electronic NODX.

Hot stock: YuuZoo shares up 8.092 per cent in morning trade

SHARES of mainboard-listed Internet stock YuuZoo surged 8.092 per cent or S$0.014 to S$0.187 as at 10.30am, making it one of the most actively traded stocks on Monday morning.
It opened 0.1 Singapore cent higher at 1.8 Singapore cents before hitting a high of 1.89 Singapore cents at about 9.20am. Some 29.1 million shares changed hands.

On Friday, the social networking and e-commerce firm posted a net profit of US$3.2 million for the first quarter ended March 31, 2015, reversing a loss of US$1.1 million from a year ago, on the back of a 58 per cent rise in revenue to US$9.6 million, due mainly to high margins on the sale of franchise licences in Turkey and South Korea

Singapore: STI up 3.67 points at opening, following gains on Wall Street

sgx stock picksTHE Straits Times Index (STI) rose by 3.67 points or 0.11 per cent to 3,466.77 as at 9am on Monday, following last week's rebound on Wall Street stocks lifted by encouraging data on the US jobs market and inflation.

Among the most active stocks out of the gate were OLS, up 16.67 per cent or 0.1 Singapore cent at 0.7 Singapore cent; EMS Energy, up 8.7 per cent or 0.2 Singapore cent at 2.5 Singapore cents; and YuuZoo, up 3.47 per cent or 0.6 Singapore cents at 17.9 Singapore cents.
A total of 53.3 million shares worth S$34.2 million had changed hands as at 9.02am. Gainers outnumbered losers 93 to 60.