Local media so horrible. Give this kind of regurgitated bland rpts day in, day out, yet surviving super well. That' s why I think parent coy will always be super solid.
Stocks To Watch
Ezra, ST Engineering, Cambridge Industrial Trust, Frasers Hospitality, Viva Industrial Trust, Lian Beng, Duty Free
January 14, 2016: 8:17 AMHere are some stocks to watch this Thursday morning.
Ezra Holdings (Valuation: 1.10, Fundamental: 0.45) reported a 1Q net loss of US $ 53.7 million ($ 77.2 million), compared to earnings of US $ 60.6 million the year before The group cited lower gross profit and higher expenses amid a challenging market as. reasons for its loss. Overall, revenue increased 19% to US $ 152.3 million, mainly due to higher sales from marine services division. Ezra closed 1.3% lower at 7.8 cents on Wednesday.
ST Engineering (Valuation: 1.50, Fundamental: 2.10) said on Wednesday it has secured $ 435 million worth of contracts in the last quarter of last year The contracts were secured by its electronic arm, ST Electronics, for Rail Electronic & Transportation, Satellite & . Broadband Communications, as well as Advanced Electronics & Information Communications Technologies solutions. ST Engineering closed at $ 2.90.
Cambridge Industrial Trust (Valuation: 3.00, Fundamental: 1.40) ' s 4Q DPU posted a 9% fall to 1.139 cents from 1.252 cents a year ago The drop was due to a change in form of payment of management from units to cash as well. as the absence of capital distribution compared to 4Q14. For the full year, DPU fell 4.2% to 4.793 cents from 5.004 cents a year ago due to lower distributions from capital and capital gains. Units of CIT last closed at 55 cents.
Frasers Hospitality, the hospitality arm of mainboard-listed Frasers Centrepoint (Valuation: N / A, Fundamental: N / A), has launched its first gold standard serviced residence in Switzerland The opening of the 67-unit Fraser Suites Geneva brings Frasers Hospitality' s. portfolio in Europe to 55 properties. Frasers Centrepoint closed at $ 1.625 on Wednesday.
Eindec Corporation, the clean air solutions provider, says its placement of 35.8 million shares at 21 cents each were fully subscribed by noon on Wednesday, raising $ 7.5 million from its IPO Chinese property developer Weiye (Valuation:. N / A, Fundamental: N / A) will maintain its 66.8% stake after the placement. Eindec will begin trading on Jan 15 on Catalist.
Viva Industrial Trust (Valuation: 2.00, Fundamental: 1.80) says it has completed the acquisition of two light industrial properties, and a third property acquisition is expected to be completed in 1Q2016 The new properties will raise its portfolio value to about $ 1.2 billion.. The counter closed at 69.5 cents.
Construction company Lian Beng' s 1H.. (Valuation: 3.00, Fundamental: 1.50) earnings rose 55.4% to $ 55.1 million Revenue was down 27.7% at $ 265.6 million, due to a decrease in revenue from construction and ready-mixed concrete segments Lian Beng closed at 49.5 cents.
Duty Free International (Valuation: 1.50, Fundamental: 2.10) ' s 3Q earnings increased 64.7% to RM16.8 million ($ 5.5 million) on the back of improved revenue Revenue rose 12.5% to RM152.9 million, mainly from selling duty free. goods, as well as non-dutiable merchandise. DFI closed at 31 cents.
Markets
US stocks tumbled on Wednesday to their lowest close since September and oil prices gave up an early rally on mounting worries about the global economy. The Dow Jones industrial average fell 364.81 points, or 2.21%, to 16,151.41, the S & P 500 lost 48.4 points, or 2.5%, to 1,890.28 and the Nasdaq Composite dropped 159.85 points, or 3.41%, to 4,526.07.
The Straits Times Index (STI) ended the day 0.18% higher at 2,695.50. Gainers outnumbered decliners 208 to 201. A total of 1.11 billion shares worth about $ 1.16 billion changed hands, giving an average of $ 1.05 per share for the entire market.
Stocks To Watch
Ezra, ST Engineering, Cambridge Industrial Trust, Frasers Hospitality, Viva Industrial Trust, Lian Beng, Duty Free
January 14, 2016: 8:17 AM
Here are some stocks to watch this Thursday morning.
Ezra Holdings (Valuation: 1.10, Fundamental: 0.45) reported a 1Q net loss of US $ 53.7 million ($ 77.2 million), compared to earnings of US $ 60.6 million the year before The group cited lower gross profit and higher expenses amid a challenging market as. reasons for its loss. Overall, revenue increased 19% to US $ 152.3 million, mainly due to higher sales from marine services division. Ezra closed 1.3% lower at 7.8 cents on Wednesday.
ST Engineering (Valuation: 1.50, Fundamental: 2.10) said on Wednesday it has secured $ 435 million worth of contracts in the last quarter of last year The contracts were secured by its electronic arm, ST Electronics, for Rail Electronic & Transportation, Satellite & . Broadband Communications, as well as Advanced Electronics & Information Communications Technologies solutions. ST Engineering closed at $ 2.90.
Cambridge Industrial Trust (Valuation: 3.00, Fundamental: 1.40) ' s 4Q DPU posted a 9% fall to 1.139 cents from 1.252 cents a year ago The drop was due to a change in form of payment of management from units to cash as well. as the absence of capital distribution compared to 4Q14. For the full year, DPU fell 4.2% to 4.793 cents from 5.004 cents a year ago due to lower distributions from capital and capital gains. Units of CIT last closed at 55 cents.
Frasers Hospitality, the hospitality arm of mainboard-listed Frasers Centrepoint (Valuation: N / A, Fundamental: N / A), has launched its first gold standard serviced residence in Switzerland The opening of the 67-unit Fraser Suites Geneva brings Frasers Hospitality' s. portfolio in Europe to 55 properties. Frasers Centrepoint closed at $ 1.625 on Wednesday.
Eindec Corporation, the clean air solutions provider, says its placement of 35.8 million shares at 21 cents each were fully subscribed by noon on Wednesday, raising $ 7.5 million from its IPO Chinese property developer Weiye (Valuation:. N / A, Fundamental: N / A) will maintain its 66.8% stake after the placement. Eindec will begin trading on Jan 15 on Catalist.
Viva Industrial Trust (Valuation: 2.00, Fundamental: 1.80) says it has completed the acquisition of two light industrial properties, and a third property acquisition is expected to be completed in 1Q2016 The new properties will raise its portfolio value to about $ 1.2 billion.. The counter closed at 69.5 cents.
Construction company Lian Beng' s 1H.. (Valuation: 3.00, Fundamental: 1.50) earnings rose 55.4% to $ 55.1 million Revenue was down 27.7% at $ 265.6 million, due to a decrease in revenue from construction and ready-mixed concrete segments Lian Beng closed at 49.5 cents.
Duty Free International (Valuation: 1.50, Fundamental: 2.10) ' s 3Q earnings increased 64.7% to RM16.8 million ($ 5.5 million) on the back of improved revenue Revenue rose 12.5% to RM152.9 million, mainly from selling duty free. goods, as well as non-dutiable merchandise. DFI closed at 31 cents.
Markets
US stocks tumbled on Wednesday to their lowest close since September and oil prices gave up an early rally on mounting worries about the global economy. The Dow Jones industrial average fell 364.81 points, or 2.21%, to 16,151.41, the S & P 500 lost 48.4 points, or 2.5%, to 1,890.28 and the Nasdaq Composite dropped 159.85 points, or 3.41%, to 4,526.07.
The Straits Times Index (STI) ended the day 0.18% higher at 2,695.50. Gainers outnumbered decliners 208 to 201. A total of 1.11 billion shares worth about $ 1.16 billion changed hands, giving an average of $ 1.05 per share for the entire market.
North and South American Indexes
| Index | Country | Change | % Change | Level | Last Update | |
|---|---|---|---|---|---|---|
 |
Dow Jones Industrial Average | United States | -364.81 | -2.21% | 16,151.41 | 4:32pm ET |
| |
S& P 500 INDEX | United States | -48.40 | -2.50% | 1,890.28 | 4:32pm ET |
| |
Brazil Bovespa Stock Index | Brazil | -569.39 | -1.44% | 38,944.44 | 3:19pm ET |
| |
Canada S& P/TSX 60 | Canada | -12.96 | -1.78% | 715.21 | 4:43pm ET |
| |
Santiago Index IPSA | Chile | +2.67 | +0.09% | 2,820.56 | 3:11pm ET |
| |
IPC | Mexico | -13.96 | -0.03% | 41,008.78 | 4:06pm ET |
U.S. shares tumble Brent crude slips below $ 30
US stocks tumbled on Wednesday to their lowest close since September and oil prices gave up an early rally on mounting worries about the global economy.
Major US stock indexes finished down more than 2 percent, with the Nasdaq off more than 3 percent. The S & P 500 ended a two-day rebound, closing below 1,900 for the first time since September.
" There is a fear that the global economy and the US economy as well could lapse into a recession given the fall in energy prices and greater economic weakness overseas," said Tim Ghriskey, chief investment officer of Solaris Asset Management in New York.
Benchmark Brent crude slipped below $ 30 a barrel, a day after US oil prices breached that level.
Volatility in oil prices overshadowed better-than-feared trade data out of China that initially lifted sentiment in equities and commodities.
Benchmark 10-year US Treasury note yields fell to their lowest levels since late October as investors piled into safe-haven government debt.
The deepening slide in oil and concerns about China' s economy have rattled equity markets, which have failed to sustain any significant rallies in early 2016.
" You have a lack of liquidity and incredibly negative sentiment out there," said Michael Holland, chairman of investment company Holland & Co in New York.
" The rallies do not seem to last very long and that gives people even more concern about the market" despite oversold conditions that seem poised to support a positive run, Holland said. " So fear feeds on fear."
The Dow Jones industrial average fell 364.81 points, or 2.21 percent, to 16,151.41, the S & P 500 lost 48.4 points, or 2.5 percent, to 1,890.28 and the Nasdaq Composite dropped 159.85 points, or 3.41 percent, to 4,526.07.
Investors, who have been hoping that stocks were primed to bounce because of the market' s oversold conditions, are looking for confidence from the fourth-quarter earnings season set to begin in earnest later this week with major banks reporting.
The pan-European FTSEurofirst 300 index closed up 0.4 percent, well off its highs.
Though undercut by the reversal in oil prices, European shares were helped by a rise in Dutch insurer Aegon following a business update.
MSCI' s broadest gauge of stocks globally fell 0.9 percent.
Concern about a supply glut has helped drag down oil prices to around 12-year lows.
US crude prices settled up 0.1 percent at $ 30.48 a barrel, paring earlier gains. Benchmark Brent settled down 1.8 percent at $ 30.31 a barrel, after falling to $ 29.96.
Data showing crude inventories rose 234,000 barrels last week, much less than expectations, was overshadowed by reported builds of 8.4 million barrels in gasoline and over 6 million in distillates, which includes diesel and heating oil.
" Overall, it' s a bearish report. I think today' s inventory report is all about products ... The long-awaited massive decline in crude production is not starting again," said Dominic Chirichella, senior partner at Energy Management Institute in New York.
Investors had seen some encouraging signs in data out of China. Exports from the country fell 1.4 percent from a year earlier, better than a Reuters poll forecast an 8-percent drop.
Benchmark 10-year US Treasury notes rose 10/32 in price to yield 2.0647 percent, from 2.1 percent late on Tuesday.
The US dollar edged down 0.05 percent against a basket of currencies, set to break a three-day winning streak. The euro was little changed against the dollar.
Spot gold was up 0.7 percent, after three sessions of declines.
WS is slowly unfolding to be a mini Shanghai in 2016. Last night down 364.8 (4D anyone) or 2.2%. But the PE of some of the stocks on WS are unbelieveably high. In spore, it' s the opposite - unbelieveably low. But when others fall, say, 2 steps, STI likely down at least 2.5 (must win). When others up, say, 1 step, STI will maybe attempt 0.5 (must lose). Sigh. So, if WS does a mini Shanghai what will happen to STI? Attempt to outdo Shanghai the wrong way round?
Target 2800 to 2900
Market Close
STI ends 0.18% higher at 2,696.50
January 13, 2016: 5:56 PM
Singapore equities inched up at the close on Wednesday, amidst gains in most other Asian bourses. However, mainland Chinese markets slumped on a late sell-off.
The Straits Times Index (STI) ended the day 0.18% higher at 2,695.50, after trading between 2,670.40 and 2,717.36. Market breadth was positive. Excluding warrants, gainers outnumbered decliners 208 to 201.
A total of 1.11 billion shares worth about $ 1.16 billion changed hands, giving an average of $ 1.05 per share for the entire market.
China Sports International (Valuation: 0.90, Fundamental: 1.65), Noble Group (Valuation: 1.80, Fundamental: 0.35), Linc Energy (Valuation: 0.00, Fundamental: 0.00), Ezra Holdings (Valuation: 1.10, Fundamental: 0.45), and Chiwayland International were among the most actively traded counters.
Among STI components, SATS climbed 2.7% to $ 3.86, while Jardine Cycle & Carriage (Valuation: 1.80, Fundamental: 1.50) gained 2.1% to $ 33.61 Meanwhile, Yangzijiang Shipbuilding tumbled 3.4% to 98 cents, while Golden Agri-Resources (Valuation.: 1.40, Fundamental: 0.55) slipped 2.7% to 36 cents.
Chiwayland International leapt 11.5% to 8.7 cents. The property developer, focused on providing urban living solutions in China, was queried by the Singapore Exchange for unusual trading activity in its shares. Chiwayland has responded that it is not aware of any information not previously announced which might explain the trading.
Linc Energy soared 17.7% to 9.3 cents. The diversified energy firm announced that it has on Monday received in-principle approval from the Singapore Exchange for the listing of 24 million placement shares at an issue price of 12.105 cents each.
LionGold Corp (Valuation: 0.90, Fundamental: 0.40). Plummeted 33.3% to 0.4 cents The company on Tuesday announced that it will issue about 44.4 million conversion shares after the subscriber exercised its right to convert four of 2.5% redeemable convertible bonds due 2018.
Ezra Holdings slipped 1.3% to 7.8 cents. Ezra says the quarter is expected to show a net loss, mainly attributable to the continuing depressed state of the oil and gas industry which has impacted activities in the global offshore marine and subsea industry.
China Shares Take Late-Day Tumble - 4th Update
13 January 2016 16:13
China shares took a late-day tumble Wednesday, with the Shanghai Composite Index closing below the 3000 level for the first time since August, even as a steadier yuan helped shares elsewhere in the region recover.
The Shanghai Composite Index finished down 2.4%. At 2950.21. Its losses accelerated in the last hour of trading, with the benchmark now less than 23 points off from its summer low on Aug. 26.
Most Asian markets closed before China' s slide, and rose earlier Wednesday as Chinese authorities guided the yuan in a stable range for the fourth day in a row.
Australia' s S & P / ASX 200 and South Korea' s Kospi both gained 1.3%.
The Nikkei Stock Average rose 2.9% as the Japanese yen slipped against the US dollar. A weaker currency helps Japanese exporters that repatriate overseas earnings.
Hong Kong' s Hang Seng Index, which closes after China markets, held on to gains, rising 1.1%.
Some investors may have been spooked by Shanghai' s close below 3000, said Robert Levine, a sales trader at CLSA, adding that automatic selling may have been triggered by falling below that threshold.
Analysts say that several worries persist: yuan volatility in the medium term, selling by large Chinese shareholders and a weakening Chinese economy.
On Wednesday, official data showed China' s exports in dollar terms fell for the sixth-straight month in December compared with a year earlier. Exports slid 1.4% in December, following a 6.8% drop in November. The December figure was better than a median forecast by The Wall Street Journal for an 8% decrease.
The Shanghai Composite is now down 17% this year. Last week, a steeper-than-expected drop in the yuan triggered worries about China' s economy and sparked a global rout, echoing last summer' s volatility.
" The whole market is continuing to revolve around China," said Jason Leinwand, managing director at Riverside Risk Advisors.
Investors are also concerned about tighter liquidity in the yuan' s offshore market, where it trades freely. Hong Kong banks' costs for borrowing yuan from each other soared past 66% on Tuesday, making it prohibitively expensive for investors to finance bets against the currency, known as a short sale. On Wednesday, however, the benchmark rate, compiled by Hong Kong Treasury Market Association, dropped to 8.3% after Hong Kong authorities injected liquidity into the market.
Still, Mr. Leinwand said recent moves by China' s central bank to control the Chinese yuan have helped Asian markets stabilize a bit.
Beijing began on Friday to rein in its currency by guiding it slightly stronger against the US dollar. Traders say Chinese state-owned banks, at the behest of the central bank, have been buying the yuan offshore, where it trades freely, closing its gap with the yuan onshore, where it trades within a fixed range to the US dollar.
China' s yuan traded at 6.5752 to one US dollar in the offshore market, slightly stronger than 6.5770 late Tuesday.
China' s central bank fixed the yuan at 6.5630 to one US dollar on Wednesday, marking the fourth day that it has kept its yuan guidance roughly stable. The onshore yuan can trade up or down within 2% of the bank' s daily guidance.
The onshore yuan was last at 6.5762, roughly unchanged from 6.5756 late Tuesday.
The Japanese yen was last down 0.5% at Yen117.80 to one US dollar. The currency has surged 2% this year as investors have sought havens amid the China turmoil.
Overnight, oil dipped below $ 30 a barrel. US stocks rose Tuesday as investors bought shares of consumer, technology and health-care companies, even as the energy sector slipped.
Brent crude oil prices recovered in Asia, last up 0.7% at $ 31.17 a barrel.
Gold prices were flat at $ 1,084.70 a troy ounce.
STI 0
Dow future up 115
European Indexes
| Index | Country | Change | % Change | Level | Last Update | |
|---|---|---|---|---|---|---|
 |
FTSE 100 | England | +59.41 | +1.00% | 5,988.65 | 3:18am ET |
| |
Euronext 100 | Europe | +10.10 | +1.18% | 868.28 | 3:03am ET |
| |
CAC 40 | France | +52.38 | +1.20% | 4,431.13 | 3:03am ET |
| |
DAX | Germany | +160.69 | +1.61% | 10,146.12 | 3:18am ET |
| |
Swiss Market Index | Switzerland | +109.47 | +1.31% | 8,441.51 | 3:18am ET |
Asian Indexes
| Index | Country | Change | % Change | Level | Last Update | |
|---|---|---|---|---|---|---|
| |
Australia ASX All Ordinaries | Australia | +59.40 | +1.19% | 5,041.60 | 12:10am ET |
| |
Shanghai SE Composite Index | China | -73.26 | -2.42% | 2,949.60 | 2:29am ET |
| |
Hang Seng | Hong Kong | +223.12 | +1.13% | 19,934.88 | 3:01am ET |
| |
Mumbai Sensex | India | +89.68 | +0.36% | 24,771.71 | 3:18am ET |
| |
Nikkei 225 | Japan | +496.67 | +2.88% | 17,715.63 | 1:15am ET |
| |
Taiwan TSEC 50 Index | Taiwan | +56.16 | +0.72% | 7,824.61 | 12:33am ET |
Always respect the market trend.
SGX really need this pill. Diarrhoea for so many days already.
PC Pills:
STI has been awarded the golden globe award in Best motion picture, Drama.
What "days", its many months liao, especially penny counters. Remember STi is No.1 last year, but counting from back
SGX really need this pill. Diarrhoea for so many days already.
PC Pills:
