Stocks to watch: Ramba Energy, Sinocloud Group, Global Yellow Pages

THE following companies released material announcements either after Friday's close or before the start of trading on Monday morning.

Mandala Energy will invest up to US$179.6 million in a 35 per cent stake in the Lemang Production Sharing Contract (Lemang PSC) from Ramba Energy's subsidiary, PT Hexindo Gemilang Jaya.

Ramba Energy is an Indonesia-focused oil & gas exploration and production company. The Lemang block is located in the northernmost part of the South Sumatra basin, a proven region for oil and gas production.

The sum includes an upfront cash payment of US$26.25 million, sliding-scale future contingent payments based on certification of oil & gas reserves, partial carry for Ramba's share of three exploration wells; and a cash payment upon declaration of the first new exploration discovery.

Singapore News Highlights for Monday

• Singapore benchmark Straits Times Index opened higher, after Wall Street gained on Friday, rising 36.23 points or 1.3 per cent to 2,829.38.
• Mandala Energy will invest US$179.6 million in a 35% stake in the Lemang Production Sharing Contract from Ramba Energy's subsidiary, PT Hexindo Gemilang Jaya.
• Sinocloud cancelled its proposed acquisition of up to 45.95% of China Satellite Mobile Communications Group.
• Global Yellow Pages signed a deal to buy a company that handles the retail master franchise and supply chain business for the Wendy's brand of ice-cream in Australia and New Zealand.
• Singapore Exchange (SGX) has launched a new index business,named "SGX Index Edge", which will offer comprehensive services aimed at addressing the rising demand for index-linked investment in Asia.
• Oil gains near US$45 as falling rigs signal US output cuts.
• Dollar slumped,while Asian index futures rise as jobs dim rate outlook.
• World Bank trims 2015 & 2016 East Asia forecasts, cites China and US rate risks.

STI MARKET REVIEW

Singapore benchmark Straits Times Index (STI) opened at 2,800.54 points, up 9.65 points or 0.35 per cent, after US stocks gained the previous night and ahead of the release of China's official purchasing managers' index (PMI) data, a manufacturing gauge and ended 11.51 points or 0.41% higher to 2772.36. STI came off from its intra-day peak of 2799.80 and low of 2772.36 Top LosersScrip NameCMP%changeNOBLE0.41-1.2KEPPEL CORP6.72-0.88SEMBCORP

MARINE2.27-0.87UOL5.96-0.83JARDINE C&C26.82-0.74Singapore stocks posted gains midday on better-than-expected economic data out of China. China's official Purchasing Managers' Index climbed to 49.8 in September, compared with a median estimate of 49.7 in a Bloomberg poll, as well as an August reading of
49.7.

LOCAL BOURSE
Singapore home prices dropped for an eighth quarter, matching the longest losing streak in 13 years, as tighter mortgage curbs cooled demand in Asia's second-most expensive housing market. An index tracking private residential prices fell 1.3% in the three months ended Sept. 30 from the previous quarter. The slump was the most since June 2009, in the aftermath of the global financial crisis.

Market forecast:
STI is expected to be positive tomorrow as China's official Purchasing Managers' Index has come better than expected. STI has the support level of 2778. STI has its resistance at 2828. If it breaks this level it might go up to 2860. Investor sentiments are still cautious over the early rate hike of U.S. by FED.

Singapore News Highlights fro wednesday

• Singapore benchmark Straits Times Index (STI) opened flat at 2,786.63 points, down 1.31 points or 0.05 per cent, after a Tuesday afternoon rebound.
• Lifebrandz posted a S$7.63 million loss for full-year 2015.
• Cacola Furniture will resume trading only after announcing the termination of a reverse takeover that would have seen company go into agri-food business.
• Singapore's Petrochemical Plant is in receivership.
• S$ bonds are resilient amid equity alngwith currency selloffs.
• Noble Group shares fell by 15% on global commodity woes.
• Singapore property auction market recorded S$27.6m of sales in Q3.
• Asian share slide halts but weaker commodity outlook weighs.
• Asian futures rose amid late US rally while yen holds advance.
• Switzerland has topped the World Economic Forum's competitiveness ranking for a 7th consecutive year, with Singapore and the US second and third.
• Oil prices rallies as equities stabilise.
• Palm oil prices seen up 40 per cent by mid-2016.
• IMF has warned of market breakdown potential due to low rates.
• Dollar has drifted lower as market awaits Yellen rate comments.
• Sing dollar has fallen through S$1.43 against US dollar, to fresh six-year

SGX Call-

BUY GEnting SIng @ 0.720
SL 0.680
Tgt 0.760/0.800

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