Friday, July 24, 2015

Seminar on Principles of Disciplined trading (Singapore)

Free session on trading and Investment at singapore. 

Hurry Limited seats, book your seat today just register on the below link.

trading/investment seminar singapore

Date- 17th August, 6:30PM- 8:30PM

Venue- CIMB Singapore 50, Raffles Place, #01-01 Singapore Land Tower, Singapore 048623


The Session is about -

✔Planning of a day trader/short term trader
✔Risk management and its importance in trading
✔Trading psychology
✔Trading as a business

Thursday, July 23, 2015

Shaken investors to stay away from gold as confidence shatters

Investors seeking alternative assets are moving on from gold, whose failure to perform when its price was expected to rise and recent volatility as demonstrated by Monday's price plunge are prompting them to seek returns and protection elsewhere.

While the market's bedrock of jewellery buyers and central banks has largely stayed intact, the wider investment universe long courted by banks and gold bugs is now once-bitten, twice shy.
goldex market tradingGold prices, becalmed since February after two years of losses, fell to their lowest in five years on Monday as heavy fund liquidation in Asian hours pushed prices down through key chart levels, triggering a wave of stop-loss selling.

At its Monday low, it had erased half the gains from a 12-year bull rally that ran from 1999 to a record high near US$2,000 an ounce in September 2011. The slide was reminiscent of gold's dramatic retreat in the second quarter of 2013, when prices fell nearly US$200 in just two days in April, and another 11 per cent in June
Since then, gold has largely underperformed even in the face of seemingly positive news. When concerns over Greece's financial stability arose in the first half of 2010, gold rallied 13 per cent. This year, as the prospect of Greece exiting the eurozone altogether hit markets, gold hardly moved. 

Singapore oil stocks surge adds to pressure for rate cuts

[SINGAPORE] Oil product inventories surged to their highest since at least 1999, signs that markets are struggling with a supply glut that could prompt refineries in the region to cut rates, traders and analysts said on Thursday.

singapore oilFor the first time since August 2014, stocks of oil products climbed all at once for the second straight week, pointing towards a growing supply glut that could pressure refiners globally to cut rates. "Diesel stocks are rising fast, especially in the East of Suez," Energy Aspects analysts said in a note on Thursday. "Run cuts to the tune of 0.7 million barrels-per-day globally will be needed to balance Q4 2015's diesel (supply) worldwide, especially given the rate at which onland stocks are rising," it added.

Singapore's middle distillates stocks, which comprise gasoil and jet fuel, rose nearly 6 per cent to a nearly four-year high of 13.172 million barrels in the week to July 22, IE data showed.
With Asian gasoil margins at a more than five-year low on the back of seasonally weak demand and mounting supplies, traders said they are storing the product in landed tanks.

Hot stock: Noble tumbles to multi-year low after Iceberg casts doubts on third-party review

COMMODITY trader Noble Group fell on Thursday morning to its lowest point in at least five years after research outfit Iceberg Research cast doubts on whether third-party review of the group's governance framework could solve its problems.

As at 11.12am, the stock had lost more than 4.6 per cent to S$0.620 amid heavy selling, three Singapore cents down from its Wednesday close. About 46 million shares had changed hands.
Noble had said on July 7 that a newly established independent board committee made up of four of its non-executive independent directors has appointed PricewaterhouseCoopers (PwC) to conduct a third-party review of its marked-to-market models, valuations and governance framework.

However, Iceberg on Wednesday said Noble has not clearly defined the scope of the review. It believes PwC will work on the valuation framework, rather than the valuation of the portfolio itself.

Singapore shares open 9.12 points higher on Thursday

THE local market opened 0.3 per cent higher on Thursday with the Straits Times Index advancing 9.12 points to 3,368.29 as at 9.03am, as gold prices stemmed a slump.

sgx picks todayAbout 204 million shares worth S$60.9 million changed hands, which worked out to an average unit price of S$0.30 per share.
The most actively traded stock was Sitra, which rose S$0.002 to S$0.023 with 21.3 million shares changing hands. Other actives included Blumont and LionGold. Gainers outnumbered losers 91 to 59.

Tuesday, July 21, 2015

U.S. oil futures fall to 15-week low as supply glut concerns weigh

U.S. oil futures fell to the lowest level since April on Tuesday, as ongoing worries over ample supplies and high domestic oil production drove prices down.
On the New York Mercantile Exchange, crude oil for September delivery hit a session low of $50.13 a barrel, a level not seen since April 4, before trading at $50.39 during European morning hours, down 5 cents, or 0.09%. A day earlier, Nymex oil futures lost 77 cents, or 1.5%, to end at $50.44.
Market players looked ahead to fresh weekly information on U.S. stockpiles of crude and refined products to gauge the strength of demand in the world’s largest oil consumer. The American Petroleum Institute will release its inventories report later in the day, while Wednesday’s government report could show crude stockpiles fell by 2.2 million barrels in the week ended July 17.
crudeoil.jpgAccording to industry research group Baker Hughes (NYSE:BHI), the number of rigs drilling for oil in the U.S. declined by seven last week to 638, snapping two weeks of gains. Elsewhere, on the ICE Futures Exchange in London, Brent oil for September delivery tacked on 4 cents, or 0.07%, to trade at $56.69 a barrel.
On Monday, London-traded Brent futures slumped to $56.33, the lowest since July 7, before closing at $56.65, down 45 cents, or 0.79%, amid concerns a resumption of Iranian oil exports will add to a global glut. Iran and six world powers reached a long-awaited nuclear deal last week that would end sanctions on Tehran in exchange for curbs on the country's disputed nuclear program.

Hot stock: Frasers Commercial Trust flat despite reporting a 7.3% increase

Frasers Commercial Trust (FCOT) traded flat on Tuesday morning, a day after it reported a 7.3 per cent increase in distribution per unit (DPU) to 2.35 Singapore cents for its third quarter ended June 30, 2015, compared with 2.19 cents a year ago.
Net property income (NPI) rose 6.1 per cent to S$24.3 million, on a 17 per cent increase in gross revenue to S$34.7 million.

This was mainly due to the better performances of Alexandra Technopark and 55 Market Street. Alexandra Technopark saw a 68.4 per cent increase in NPI in Q3 on higher rents than the fixed master lease rent it used to get. 55 Market Street also continued to perform well on the back of higher rentals and occupancy, it said.
RHB analyst Ivan Looi maintained a "buy" rating on FCOT, pegging its target price at S$1.71, representing a 10 per cent upside. The counter was trading at about S$1.55 on Tuesday.

"Its Singapore portfolio continued to book better-than-expected rental reversion ranging 14-20 per cent for Q3. We expect the positive rental reversion to continue, due to the low-base passing rents in previous years," he said.

sgx top stocks to buy"The Reit's Singapore assets locked in double-digit rental reversion for both its new and renewed leases in the quarter, ranging from 14-20 per cent. For FY16, we maintain our expectation for high positive rental reversion for China Square Central and Alexandra Technopark, with 7 per cent and 10 per cent of the respective properties' gross rental income up for renewal in that period.

"We find (FCOT's) resilience unbeatable, especially in this volatile equity market. FCOT is uniquely positioned as the only office Singapore Reit not exposed to the oversupply of Grade A office space," he said.

SGX queries CEFC International after price surge

Petrochemical and fuel oil trader CEFC International was queried by the Singapore Exchange (SGX) on Tuesday afternoon about the unusual trading activity in its shares. The query came after the counter shot up 80 per cent, or S$0.08, to finish at S$0.18 on Monday. About 127.5 million shares were traded, drawing the attention of market watchers.

Asking whether the company knew of any information that might explain the price spike, SGX noted that this was the second trading query issued to CEFC in the past month. The company had been queried on July 13, also about the unusual price and volume movements in its shares that day.

Singapore stocks close higher with pennies leading the charge

PENNY-STOCK fever gripped the local stock market on Tuesday as the market's latest leader, CEFC International, continued its gravity-defying run with a stunning 64 per cent gain that took its rise in a little over a week to almost 900 per cent, creating spillover rises for several other low-priced issues such as Oceanus, Foreland Fabrictech, Sino Construction and WE.

sgx picks todayThe largest percentage gain for the day was reserved for China shoe-sole maker Qingmei, which rocketed up S$0.026 or 325 per cent to S$0.034 on a volume of 155.2 million.

Blue chips in the meantime stagnated, possibly as attention was diverted to penny stocks. The Straits Times Index underwent an unremarkable session, drifting within a narrow band before ending 2.07 points weaker at 3,371.41.

Turnover in unit terms rose to 3.2 billion units from an average of about 1.2 billion last week, though in dollar terms it amounted to only S$984.5 million. The top 20 active stocks were all priced below S$0.30 and the average unit value traded was S$0.31 - a clear indication of where the action for the day lay.