Wednesday, November 18, 2015

Paris siege: Woman in building blows herself up with suicide belt

Paris Attacks 'live': 2 dead in siege including woman who blew self up - safeguard yourself in trading market with our advice
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LATEST: TWO DEAD IN PARIS SIEGE, INCLUDING WOMAN WHO BLEW HERSELF UP: POLICE
AFP JOURNALIST AT THE SCENE SAYS FRENCH MILITARY IS DEPLOYED TO NORTH PARIS AMID SHOOTOUT. 

Stay inside - Residents told to stay inside in Saint-Denis north of Paris: reports
Army fatigues - 'Live' television footage is showing heavily armed officers in fatigues lining the streets of Saint-Denis as police target an apartment in the neighbourhood. 
AFP's Sarah Brethes, on the scene, has spoken to 26-year-old Hayat Balabdi who was visiting friends in the area of the shootout.
"It started around three in the morning, when I was leaving my friend's place. I could have been shot," he said.
"I heard a gunshot, I thought it was a score being settled. But then the shots continued, loads of police reinforcements arrived and closed off Avenue de la Republique. It was like a war."
Though he does not live in Saint Denis, Balabdi said that he knew the area well.
"I never thought terrorists could have been hiding out here."

French media are reporting two deaths.
RAID TARGETED SUSPECTED PARIS ATTACKS MASTERMIND ABDELHAMID ABAAOUD: POLICE SOURCE.
A large police operation is underway in the northern Paris suburb of Saint-Denis with reports of heavy gunfire. Multiple suspects are believed to be barricaded in an apartment building.
French TV station BFMTV said police officers had been wounded during the raid.
Saint-Denis is located near the Stade de France soccer stadium where three suicide bombers detonated killed themselves and another pedestrian.
 

SGX's bond-market foray now includes a dark pool

sgxSingapore Exchange Ltd will open a dark pool for bonds as the 42-year-old bourse prepares to enter the institutional fixed-income trading business for the first time next year.
 
The venue, which allows traders to flag interest in a security without indicating the size or the price of their desired transaction, will form part of SGX's Bond Pro platform scheduled for the first quarter of 2016, Tsai Li Renn, the bourse's head of fixed income, said in an interview on Monday.

Designed to minimise the price impact of buy and sell orders, the dark pool will be the first of its kind set up by an exchange operator, according to SGX.

"We asked participants: 'How would you like to access liquidity in this marketplace?'" Mr Tsai said. "We found that they really wanted a dark pool."

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Tuesday, November 17, 2015

SingTel kept at 'neutral' by Goldman Sachs, target price of $4.07 unchanged

sgx exchangeSINGAPORE (Nov 17): Goldman Sachs is keeping Singapore Telecommunications (SingTel) at "neutral" with an unchanged target price of $4.07, as it reckons the telco player is "fully valued".

The recommendation comes as the telco's 2Q FY16 results were in line with estimates of Goldman Sachs.
SingTel reported an underlying net profit of $974 million and revenue of $4.18 billion.

Goldman Sachs says the telco's core operations were stable, with growth in mobile data services and higher revenue from digital services.

SGX says health of companies operating in China worrying, tells directors to keep vigilant

SINGAPORE (Nov 17): Singapore Exchange has expressed concern over the financial health of companies with large operations in China and instructed their directors to discharge their duties to safeguard the interests of shareholders.

SGX is closely monitoring companies reporting adverse financial developments and their directors, according to its Regulator's Column published today. The column also provided guidelines for the board to handle specific cases of depletion of cash, assets or retained profits.

Monday, November 16, 2015

STI slips 0.94% to 2,898.27 at midday

sgx picks todaySINGAPORE (Nov 16): Singapore equities nudged lower at noon on Monday, amid declines in other Asian bourses following attacks in Paris. Adding to the weak sentiment, Japan's economy also entered into a technical recession in the third quarter.

The Nikkei 225 and KOSPI Indices both slipped around 1%, while the Hang Seng Index slumped about 1.6%.

By 12.08 p.m., the Straits Times Index declined 0.94% to 2,898.27. Market breadth was negative. Excluding warrants, decliners outnumber gainers 255 to 74.

Golden Agri kept at 'hold' by OCBC with 34 cents fair value

SINGAPORE (Nov 16): OCBC is maintaining its "hold" call on Golden Agri with a higher fair value of 34 cents as its near-term outlook remains challenging and the research house suggests investors bargain-hunt at around 30 cents or better.

Golden Agri reported 3Q15 revenue of US$1.57 billion ($2.3 billion), down 15% from a year ago, hit by lower CPO prices.