Monday, 21 August 2017

Singapore Market Update: HNA calls for shareholder meeting to vote on privatising-CWT offer

CIMB Research is keeping its “add” call on China Jinjiang Environment (CJE) with an unchanged target price of $1.10, despite lowering its earnings per share (EPS) forecasts.

HNA Holding -

The research house is trimming China Jinjiang’s FY17-FY19F EPS by 1.8%, 2.2%, and 2.0%, respectively.

CIMB Share Market analyst Keith Li says this is to adjust for its new project completion schedule.

The Hong Kong-listed unit pursuing the purchase, HNA Holding Group Co., has scheduled an extraordinary general meeting for Sept 6, according to the people.

It plans to announce the date of the extraordinary general meeting to the stock exchange soon, the people said, asking not to be identified discussing private information.

CWT shares closed Friday at $2.13, an 8.6% discount to the HNA offer of $2.33 per share, a sign some investors see risks that the takeover won’t be completed as the Chinese government ramps up scrutiny of serial dealmakers.

Banks working on financing the acquisition have been seeking more information from HNA and started scrutinising its debt levels more closely, people with knowledge of the matter said in July.

HNA Holding announced last month that it expects to hold a shareholder vote on the deal between the end of August and early September.

All the pre-conditions of the acquisition must be fulfilled or waived by Sept 9 for it to proceed. A representative for CWT declined to comment, while a representative for HNA Group didn’t immediately respond to requests for comment.

Chinese regulators have been assessing the risks that HNA Group and other acquisitive companies pose to the country’s financial system.

HNA Group has announced more than US$40 billion of purchases since the beginning of 2016, according to data compiled by Bloomberg.
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Saturday, 19 August 2017

What Exactly Is Blue Chip Stock Investment Plan

What Exactly Is Blue Chip Stock Investment Plan
When it comes to Stock investment, the financially strong traders and solid financial institutions always prefer buying the blue chip stock and focus on their specific Blue chip stock investment plans.
We have continuously heard Blue chip stocks, the investment plan for Singapore’s blue chip signals and we keep wondering what will be the returns out of this investment.

However, What Exactly Is Blue Chip Stock Investment Plan?

When you have SGD 30,000 or above, you can actively start investing in blue chip stocks, which will not only take you forward towards the first step of achieving your financial goals but also give you high dividend yields.
In SGX blue chip stock investment plan, the latest blue chip stock signals are shared which guide traders with a complete strategy of when to buy stocks and which stocks to buy for investment in Singapore markets.

Why Should You Opt For Singapore Blue Chip Stock?

When we look at the Straits time index (STI) of Singapore, it is listed with 30 companies, which fall into blue chip stocks of Singapore. These companies are present in the market from more than a century.
Over past 15 years, the STI gave a return of over 195% SGD. The banks listed in STI and the real estate companies gave an average total return of 57.8% & 54.2% respectively.
In addition, STI shares the highest rate of dividend yield among the Asian countries’ companies.
Therefore, investors keenly look for the latest Blue chip stock signals for huge profit bookings.

What Are The Benefits Of Blue Chip Stock Investment?

1. You deal with stable blue chip companies
When any company owns a position of stability and continual growth in the market, the investors are relaxed with the risk of investing money in blue chip companies of Singapore. Therefore, you can solely concentrate on blue chip stock picks and achieve a huge return on investments.
2.Plenty of dividend updates:
When the company is working well, the investors are happy with the performance of Blue chip stock listed company, the company also take care of investors by offering dividends on the shares.
The dividends are added income on the Singapore blue chip stock investment.
3.High returns on capital
When the investors purchase blue chip shares, the investors are assured of the returns on the investment he or she has done.

The Final Note For Blue Chip Stock Investment Picks:

When investors have a higher value for the investment, we strongly recommended buying stocks from STI list as you will not only gain the extra benefits of buying blue chip stocks but also the advanced dividends and lower level of risk shall be involved.
With Multi Management & Future Solutions, you can start your investment in blue chip stocks from a minimum amount of 30,000 SGD and create a portfolio of assured returns with daily 2 live blue chip stock signals.
Start a free trial and design your blue chip stock portfolio with fruitful returns now!

Friday, 18 August 2017

Asian stock investors Friday

SINGAPORE: Asian stock financial specialists joined a worldwide withdraw from less secure resources on Friday and the dollar faltered on developing questions about U.S. President Donald Trump's capacity to convey his monetary plan. 

Certainty was shaken further after a van cut through hordes of travelers in Barcelona on Thursday, killing no less than 13 individuals and harming more than 100 out of an assault experts were regarding as Islamic fear based oppression. 

In Cambrils, a town south of Barcelona, police said they had killed five assailants on Thursday night to impede a connected "psychological militant assault." 

MSCI's broadest list of Asia-Pacific offers outside Japan dropped 0.7 percent, yet at the same time looked set to increase 1.4 percent for the week after pressures between North Korea and the United States fell off the bubble. 

Japan's Nikkei slid 1 percent on worldwide nerves and a more grounded yen, and looked set to lose 1.3 percent for the week. 

"The acknowledgment of the most pessimistic scenario situations (in Washington and in North Korea) would likely realize a more critical drop in worldwide value markets," said Jingyi Pan, advertise strategist at IG in Singapore. 

Until the point that at that point, "conclusion may remain the driver for the variances in the business sectors and could make for good passage open door for local markets," she included. 

Chinese blue chips slipped 0.3 percent, after information demonstrated development in new home costs moderated in July, however looked set for a 1.7 percent week after week pick up as a year-long development blast supported offers of building materials firms. 

Hong Kong's Hang Seng withdrew 1.1 percent, up 0.7 percent for the week. 

Overnight, Wall Street's major lists drooped between 1.2 percent <.DJI> and 1.9 percent <.IXIC>. The S&P 500 file <.SPX> posted its greatest drop in three months.[.N] 

Concerns have developed over Trump's capacity to push through his financial objectives, for example, tax reductions and foundation spending, following the departure of officials from two noticeable business chambers in response to his reaction to conflicts a weekend ago in Charlottesville, Virginia. 

"Lessening West Wing help from both business and political partners will keep on abrading financial specialists' trust in President Trump's monetary plan," Stephen Innes, head of Asia Pacific exchanging at OANDA in Singapore. 

"The dollar, generally, stays in a condition of directionless disarray, bolstered from one viewpoint by resurgent U.S. financial information yet troubled by the growing White House rodent's home." 

Trump on Thursday criticized the evacuation of ace servitude Civil War Confederacy landmarks, which have filled U.S. racial strains, feeding stresses that some of his key approach staff members and associates may stop. 

Boss among them were bits of gossip that Gary Cohn, executive of the National Economic Council, would leave, following Trump's resistance of white patriot nonconformists in Charlottesville. 

An announcement from the White House that Cohn plans to stay in his position quieted showcases just quickly before offering continued. 

The dollar posted its third session of misfortunes against the yen, falling 0.15 percent to 109.4 yen <JPY=D4> and contracting the current week's additions to 0.4 percent. 

The dollar list <.DXY>, which tracks the greenback against a wicker bin of six noteworthy associates, was level at 93.633, surrendering early picks up. 

The record's prior quality was driven to a great extent by shortcoming in the euro, the greatest part of the bushel, following quite a while of the European Central Bank's July meeting demonstrated policymakers were stressed over a conceivable overshoot in the regular cash, whose quality is making the coalition's fares less appealing and imports less expensive. 

The euro <EUR=EBS> crawled up very nearly 0.1 percent on Friday to $1.17305, making up a portion of the past session's 0.4 percent drop. 

Bitcoin <BTC=BTSP>, which hit an untouched high of $4,480 in the past session, was minimal transformed from Thursday's nearby at $4,259.91. 

In wares, oil costs pulled back after late picks up. 

Worldwide benchmark Brent <LCOc1> pulled back 0.2 percent to $50.93 a barrel on Friday, in the wake of bouncing 1.5 percent on Thursday on a drop in U.S. inventories. It is on track for a 2.2 percent decay for the week. 

U.S. unrefined <CLc1> fell 0.15 percent to $47.02 on Friday, surrendering some of Thursday's 0.7 percent pick up, heading for a 3.7 percent week by week misfortune. 

Spot gold <XAU=> was unfaltering on Friday at $1,287.22 an ounce, holding most o Thursday's 0.4 percent pick up. It is set to end the week down 0.1 percent. 

Mechanical metals, which posted multi-year highs this week, faded on Friday as financial specialists took benefits. 

Three-month copper on the London Metal Exchange <CMCU3> was down 0.5 percent to $6,457 a ton, broadening Thursday's 0.6 percent drop. 

Benchmark zinc <CMZN3>, which set another decade high of $3,147 a ton on Thursday, shut drop yet was down 1 percent to $3,092 on Friday. - Reuters 

Thursday, 17 August 2017

Singapore shares open lower on Thursday

SINGAPORE share costs opened 0.51 for every penny bring down on Thursday with the Straits Times Index down 16.67 focuses to 3,262.28 at 9.05 am. 

Among the most noteworthy esteem exchanged stocks were Singtel (down seven Singapore pennies to S$3.72); DBS (down four Singapore pennies to S$20.35) and Singapore Press Holdings (up two Singapore pennies to S$2.87). 

By and large, 61.3 million offers worth S$115.8 million changed hands. Gainers dwarfed washouts 75 to 52. 

On Wall Street, US stocks completed higher on Wednesday after Federal Reserve policymakers implied at a slower pace to future loan cost climbs. In any case, Tokyo stocks opened lower on Thursday, with banks in withdraw after the declaration.

Wednesday, 16 August 2017

Singapore shares down 0.57% on Wednesday

SINGAPORE stocks opened 0.57 for each penny bring down on Wednesday, with the Straits Times Index falling 18.87 focuses to 3,276.06 as at 9.05am. 

This comes as stocks finished level on Wall Street; US stocks completed minimal changed on Tuesday as strong retail deals information counterbalance share value decays from some retail chains that detailed disillusioning profit. Tokyo stocks likewise opened level on Wednesday after solid picks up the earlier day . 

On the Singapore bourse, around 60.9 million offers worth S$66.4 million altogether changed hands. Failures dwarfed gainers 82 to 58. 

Among the most elevated esteem exchanged stocks were the three nearby banks. DBS fell 12 Singapore pennies to S$20.66; OCBC lost 10 pennies to S$11.11; UOB dropped 20 pennies to S$23.76. 

The Business Times on Wednesday announced that Singapore banks' introduction to the oil and gas division is back in the spotlight after the unexpected suspension of Ezion Holdings and overwhelming quarterly misfortunes - totalling nearly S$1 billion - endured by Nam Cheong and Marco Polo Marine.

Tuesday, 15 August 2017

Singapore shares open 0.3% up on Tuesday

SINGAPORE stocks opened 0.3 for every penny higher on Tuesday, with the Straits Times Index rising 9.21 focuses to 3,317.9 as at 9am. 

This returns on the of US stocks recouping overnight as pressures between the United States and North Korea facilitated. 

On the Singapore bourse, around 59.3 million offers worth S$47.4 million altogether changed hands, which worked out to a normal unit cost of S$0.80 per share. 

The most effectively exchanged counter was Sincap, which rose S$0.002 to S$0.023 with 10.1 million offers evolving hands. Different actives included MDR and Addvalue Tech. 

Gainers dwarfed failures 103 to 36. 

Somewhere else, Japan's Topix record rose 0.7 for each penny and Australia's S&P/ASX 200 Index included 0.8 for every penny. Fates on Hong Kong's Hang Seng list increased 0.5 for each penny, Bloomberg revealed.

Monday, 14 August 2017

Singapore stocks recoup as Korean tensions ease

Singapore shares bounced back on Monday, following a firmer Asia and Wall Street, as pressures between the United States and North Korea hinted at facilitating. 

Hazard craving enhanced in the midst of endeavors from U.S. authorities to pack down feelings of dread of inevitable atomic war with North Korea.U.S. stocks files snapped three days of misfortunes and finished higher on Friday, as speculators wager on slower U.S. rate climbs following weaker-than-anticipated buyer value information. 

At 0553 GMT, the Straits Times Index increased 0.66 percent or 22 focuses to 3,301. It finished 1.31 percent bring down on Friday, taking the year-to-date picks up to around 14 percent. 

Financials pulled the file higher, with DBS Group Holdings rising 1.2 percent and Oversea-Chinese Banking Corp progressing 1.4 percent. 

Media content supplier mm2 Asia hopped 3.2 percent in the wake of posting a 30 percent hop in quarterly benefit, helped by development at its North Asia business and solid execution of auxiliaries. 

Singapore Medical Group climbed 5 percent after its first-half benefit developed more than six times, powered by development at its social insurance administrations section. 

Vallianz Holdings, a supplier of seaward help vessels, progressed 7.7 percent after it posted a 12.5 percent ascend in quarterly benefit, helped by development at its Middle East market. 

Spackman Entertainment, a South Korean dramatic film creation gathering, declared its proposed securing of Take Pictures Pte for an undisclosed sum. Stock was down around 1 percent. 

Around 1.5 billion offers worth S$728 million changed hands, with gainers dwarfing washouts 211 to 187.

Friday, 11 August 2017

Singapore shares open lower on Friday

SINGAPORE stocks opened lower on Friday, with the Straits Times Index dropping 30.69 focuses or 0.9 for each penny to 3,292.55 as at 9:01am, on the back of Wall Street stocks posting their greatest decrease in about three months on Thursday. 

This came as President Donald Trump multiplied down on his notices to North Korea over its atomic program. 

On the Singapore bourse, around 125.2 million offers worth S$85.6 million altogether changed hands. 

The most effectively exchanged counter was Golden Agri-Resources, which fell 0.5 Singapore penny to 37.5 pennies with 16.8 million offers evolving hands. Different actives included Addvalue Tech and HLH Group Limited. 

Washouts dwarfed gainers 137 to 30. 

Somewhere else, Japanese markets were shut for an open occasion, while Australia's S&P/ASX 200 Index fell 0.5 for every penny and South Korea's Kospi list lost 1.6 for every penny, Bloomberg revealed.

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2. Dragon^
3. Noble Group
4. ASTI^
5. OLS

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Thursday, 10 August 2017

Singapore shares open higher on Thursday

SINGAPORE stocks opened higher on Thursday, a day after the city-state commended its 52nd National Day. 

The benchmark Straits Times Index rose 21.61 focuses, or 0.65 for each penny, to 3,339.69 as at 9:27am. Around 290 million offers worth S$345 million changed hands, with 128 gainers to 101 washouts. 

Singtel is among the most effectively exchanged, with more than 14 million offers evolving hands. The telco was drifting around S$3.77 an offer. It is expected to reveal its monetary first quarter comes about on Friday. 

The nearby market seemed unaffected by rising strains between North Korea and the United States, which saw stock costs on Wall Street fall in all cases. Both the S&P and Nasdaq fell for the second in a row session.

Hot Stock Of The Day

1. Advanced Systems
2. China Med Intl
3. CSC^
4. Swee Hong
5. YZJ Shipbldg SGD

Saturday, 5 August 2017

Singapore Stock Market News: SGX, MAS draw further fire over Noble saga

Singapore Stock Market News -

SINGAPORE Securities exchange controllers are going under weight, with advertising eyewitnesses on Friday joining Iceberg Research in saying that more could have been done to ensure speculators in the long-drawn Noble Group adventure for Singapore Stock market.
Their remarks come as the Monetary Authority of Singapore (MAS) reacted on Friday morning to Iceberg’s feedback, saying that it will catch up with recorded organizations to research any claims of anomalies.
Corporate administration advocate Mak Yuen Teen, a partner teacher at the National University of Singapore, said Iceberg’s feedback is not without justification.
He disclosed to The Business Times: “While I can comprehend the controllers being reluctant to do anything, particularly when there is no evident wrongdoing – and remember that Noble has been getting spotless review feelings – there is a sense among financial specialists that the controllers are excessively detached and respond just when issues have achieved a moment that it’s excessively late to ensure speculators.
There are additionally administrative crevices for outside postings, regardless of whether in applying laws and rules or adequately implementing them, he included.
Honorable has, for example, passed the review by EY, however, this was done from the Hong Kong office, which does not have a similar open oversight that Singapore evaluators are liable to.
This may influence review quality,” said Prof Mak.
Outside evaluators in Singapore experience review assessments, otherwise called the work on checking program, by the Accounting and Corporate Regulatory Authority (Acra).
The program is thorough and genuine lacks can bring about approvals, Prof Mak noted. “It is presumably the one region in the Corporate administration that we are in front of Hong Kong, which is moving towards that.”
In whole, Singapore’s administrative system “is not by any means fit with the end goal of outside postings, while we keep on trying to draw in such postings”, he said.
In the interim, the MAS told BT on Friday that it will catch up with recorded organizations to examine any assertions of anomalies.
MAS will likewise examine potential ruptures of the law that have been alluded to us,” said it’s representative. “Should MAS’s own particular examinations reveal any infringement of our directions, we won’t either to take the essential authorization activities.
A chunk of ice had said on Thursday that the Noble adventure uncovered the “total disappointment” of the controllers in Singapore because of their inaction.
The Singapore Exchange (SGX) and MAS ought not to have enabled Noble to raise more cash on a monetary record, which had pulled in inquiries over its veracity, it said.
SGX reacted on Thursday, saying that it has reliably connected a similar way to deal with organizations that were the subject of the negative editorial.
“The organization has the privilege of the first answer and ought to react as fast and completely as would be prudent,” said an SGX representative.
We will audit the organization’s reaction to check whether it has tended to every one of the purposes of concern. Notwithstanding, if the reaction is lacking, we will inquiry the organization or direct the arrangement of an outside expert to guarantee appropriate exposure to the Singapore stock market.
The trade would, in the meantime, audit the negative discourse to check whether it contains false or misdirecting explanations that justified a referral to the pertinent experts, she included.
The reactions by SGX and MAS drew fire from previous venture investor Michael Dee. He brought up that Noble has neither reacted exhaustively nor tended to all purposes of concern but then has not gotten any question from SGX.
He additionally got some information about the examinations MAS has done, and the conclusions drawn from them, assuming any.
Ice sheet said because of SGX and MAS’ answers: “Their response won’t fulfill the investors who have been deceived and lost practically everything.”
Offers in Noble Group slipped a further 0.5 penny, or 1.33 for every penny on Friday to close at 37 Singapore pennies, broadening its 5 for every penny decay on Thursday.