Thursday, October 22, 2015

Stocks to watch: SGX, Mapletree Commercial Trust, Cache Logistics Trust

THESE companies announced results that may influence trading on Thursday.

Singapore Exchange: SGX raised its base dividend and outlined its strategy to raise liquidity in the sluggish securities market as net profit rose 28 per cent for its fiscal first quarter ended Sept 30.

The market operator is raising its first-quarter cash dividend to five Singapore cents per share from four Singapore cents a year ago, and future quarterly payouts are expected to follow suit.

Net profit increased to S$99.3 million, or 9.3 Singapore cents per share, as operating revenue rose 30.1 per cent to S$219.6 million.

Wednesday, October 21, 2015

Singapore shares close mixed; penny stocks in focus

The Straits Times Index may have risen 6.67 points to 3,025.7 but Wednesday's trading was more about the rotational punting of penny stocks than the index. This was borne out by the volume statistics - 2.5 billion units worth S$696 million changed hands, which was an average of only S$0.28 per unit traded.

sgx stock picks todayThis compares with Tuesday's average of S$0.37, which suggests that in a week that is expected to be quiet, house traders and dealers, reassured by the recovery in blue chips, are turning their energies to the second- and third-line. Excluding warrants there were 218 rises versus 211 falls.

New names topped the actives list. Loyz Energy, which was the volume leader on Tuesday, did not feature in the top 20, and its place was taken by Stratech Group. Other names at the summit included Great Group, China Fishery and China Sky.