Market Update: Singapore stocks log best week in nine months, Malaysian shares rise

Singapore shares posted their best weekly advance since January, helped by a rally in property developers and lenders, while Malaysian equities also rose over the last five days to snap a two-week losing run.

Singapore's FTSE Straits Times index rose 0.9% to 3,291.29 on Friday, taking its rally this week to 2.2%. UOL Group added 5.3% since last Friday, pacing gains for real estate developers. DBS Group Holdings led banking stocks higher, climbing 3.2% this week. On Friday, UOL Group was up 4.3% and DBS by 0.8%.

Property Singapore stocks in the city-state gained this week after City Developments bought a residential site worth more than S$900 million ($660 million), reigniting optimism for Singapore's real estate market, according to at least two brokerages. Shares of City Developments rose 2.3% this week.

Lenders climbed for a third consecutive week, tracking a rise in U.S. bond yields amid optimism over tax reforms in the world's largest economy. Singapore rates are heavily influenced by the U.S. and a rising interest rate scenario helps the net interest rate margin outlook for banks. The benchmark 10-year U.S. bond yield is trading near a four-month high.

Gains in Singapore stocks this week were also helped by a record run on Wall Street that saw all three major U.S. equity benchmarks repeatedly scale record highs.

The FTSE Bursa Malaysia KLCI ended up 0.3% to 1,764 on Friday, rising 0.5% this week. AMMB Holdings and RHB Bank were the week's top performers, adding at least 2.4% each, rebounding from last week's losses. On Friday, AMMB rose 0.2% and RHB ended little changed.

The market is expected to trade sideways in the coming week as investors await fresh catalysts which include Malaysia's upcoming 2018 fiscal budget, said Pong Teng Siew, head of research at Inter-Pacific Securities in Kuala Lumpur. "It looks like it's going to be a very quiet week ahead," with funds seen holding back positioning ahead of the budget announcement expected in the final week of this month, said Pong. His forecast model indicates a "very narrow" 14-point upside and downside for the KLCI for the whole week.

Foreign outflows from Malaysia's stock market dwindled to 29 million ringgit ($6.8 million) this week through Thursday, after last week's outflow of nearly 1 billion ringgit.

Construction and property developer WCT Holdings advanced 2.3% on Friday after is subsidiary won a contract for completion of Light Rail Transit Line 3 (LRT3) and other associated works for 640 million ringgit.

Gabungan AQRS climbed 6.4% after securing LRT3 contract worth 1.21 billion ringgit.

Source - nikkei.com

Singapore Stocks closing of the Today

MAGNUS ENERGY GROUP LTD

Recent Announcement: Disclosure of Interest/ Changes in Interest of Substantial Shareholder(s)/ Unitholder(s)

Descriptions -  This announcement has been prepared by the Company and its contents have been reviewed by the Company s sponsor, Stamford Corporate
Services Pte. Ltd. (the Sponsor), for compliance with the relevant rules of
the Singapore Exchange Securities Trading Limited (the SGX-ST). 

Read More- Which Singapore Stocks are Trending of This Week? 

The Sponsor has not independently verified the contents of this announcement.
The announcem ent has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement including the correctness of any of the statements or opinions made or reports contained in this announcement. 

Read More- Go-To Resources About Intraday Trading Signals

The contact person for the Sponsor is Mr Bernard Lui. Tel: 6389 3000
Email: bernard.lui@morganlewis.com

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ARTIVISION TECHNOLOGIES LTD

Recent Announcement: Use of net proceeds from the allotment and issuance of 185,185,185 option shares

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Property sector leads list of buyouts from Singapore Exchange

THE year 2017 is molding to be the time of the property buyout. 

As firms keep on plotting their ways out from the Singapore Exchange (SGX), investigators say this demonstrates valuations are still low - however the circumstance is not as terrible as a year prior. 

They refer to tech, property, industrials, buyer and oil and gas names as potential contender for assist mergers and acquisitions (M&A) action. 

Figures ordered by The Business Times with help from Thomson Reuters demonstrate that over US$20 billion worth of offers including net obligation have been made year-to-date. These qualities do exclude the estimation of offers which offerors effectively claim. 

Four monster bargains - Global Logistic Properties (GLP), United Engineers, Croesus Retail Trust and CWT - represent 97.4 for each penny of that esteem. The rest of a blend of medicinal services, nourishment, fabricating, and different administrations firms. 

Then, SGX information appear there have been five mainboard postings and 10 Catalist postings in 2017, with bargain esteems ruled by Singtel's S$3.1-billion NetLink NBN Trust spinoff, which raised S$2.3 billion. 

"For whatever length of time that a sensible yield can be accomplished, and insofar as banks will back the arrangements, there will be property purchasers," said NRA Capital head of research Liu Jinshu. 

Littler firms will get privatized if the proprietors feel their organizations are moderately develop that there is little need to tap capital markets, he said. Organizations will likewise need to save money on posting and consistence costs. 

"The continuous privatizations demonstrate that valuations are low," he said. "In the event that valuations are foamy, there will be a larger number of postings than privatizations." 

OCBC Investment Research head Carmen Lee said that as latest offers were more often than not at a premium to the last exchanged cost, there is a positive flag that valuations are not costly. 

"In light of current market valuations of around 15 times profit and 1.25 times book, Singapore's valuations are not costly contrasted with the area, and this could keep on supporting the privatization subject," she said. 

Rajiv Vijendran, Maybank Kim Eng's local head of speculation saving money and counseling, said land has generally been one of the biggest supporters of Singapore M&A volumes. 

He is seeing solid M&A exchange crosswise over divisions like land, industrials, shopper and tech. 

"There is a lot of private capital in Singapore and we anticipate that the monetary patrons will keep on being dynamic with an attention on SGX-recorded organizations that have solid essentials however exchange at a markdown to their local companions," he said. 

SGX-recorded property firms have been in the spotlight in the midst of a recuperation in opinion that prompted designers putting bullish offers for arrive and a not too bad appearing for new condominium dispatches. 

Organizations are examining rebuilding moves. One illustration is UOL's turn in June to pick up a choice to procure a stake in UIC from holding organization Haw Par, possibly bringing its stake up in UIC to 48.94 for each penny. 

Kenneth Tang, senior portfolio chief at Nikko Asset Management's Asian value group, said rebuilding and M&A action more often than not occurs at showcase lows. 

Other than GLP, real Singapore corporates like aircraft Singapore Airlines and utilities, marine and urban advancement gather Sembcorp Industries have set out on key surveys, he noted. Others like palm oil processor Wilmar International are hoping to list their auxiliaries. 

Mr Tang said rebuilding regularly quickens in the midst of financial anxiety and market troughs. Together with government spending bundles, they relate with securities exchange bottoms. 

Joel Ng, group head of retail investigate at KGI Securities (Singapore), thinks there will be a combination of shipyard limit given the oversupply circumstance. "This would include Sembcorp Marine and Keppel Offshore and Marine," he said. 

Property designers could likewise observe reestablished enthusiasm following arrangements in GLP and United Engineers, Mr Ng included. 

Nonetheless, a broker disclosed to BT that property valuations are currently very rich and proprietors may like to raise value. 

"I'd be astonished to see another property privatization, frankly. Originators just privatize when markets underestimate them," he said. 

In the little top space, better valuations are pulling in more firms to list. Catalist postings including reverse takeovers brought S$198 million up in the initial a half year of the year, contrasted with S$60 million a year prior, SGX said. 

Purplish blue Capital CEO Terence Wong, who has some expertise in little top stocks, said that narratively, less firms are examining delisting. 

"A year ago, the greater part of the organizations I addressed considered it," he said. "Presently, they're simply looking at raising cash as the market is back with more prominent liquidity, and their offer costs are a considerable measure higher." 

One potential delisting hopeful Mr Wong has developed a position in finished the most recent couple of months is Tianjin ZhongXin Pharmaceutical Group. The solution maker, which is additionally recorded in China, is esteemed far lower in Singapore, he said. 

With respect to tech, spectators say the part is dynamic because of an uplifting standpoint for income and benefit development, driven by the cell phone blast, autos, and the Internet of Things. Takeover plays refered to by DBS Group Research as of late incorporate Sunningdale, UMS, Fu Yu and Venture. 

Non-tech names hurled by DBS, in the interim, have included property proprietor Bukit Sembawang, development firm OKP Holdings, building authority PEC, back organization Hong Leong Finance, and even general store administrator Sheng Siong. 

"We trust that Sheng Siong, with its respectable store system and coordinations chain, could be a takeover focus by online players in the end," DBS said on Friday. 

Neighborhood egg maker Chew's Group wound up plainly one of the most recent firms to declare speculator intrigue. 

The controlling investor of the firm "has been drawn nearer and is at present in discourses with outsiders to investigate a conceivable exchange including the offers of the organization, which could possibly prompt an offer", the firm said last Tuesday.

For more details: SGX Stock Research, Stock Tips, Stock Signals, Stock Picks, Stock Research Singapore

Singapore shares open 0.2% up on Thursday

SINGAPORE stocks opened 0.2 for each penny higher on Thursday, with the Straits Times Index rising 5.92 focuses to 3,342.64 as at 9am. This came as US stock files scored record-breaking highs overnight with the Federal Reserve keeping loan costs unaltered on Wednesday, in an indication of trust in the US economy. 

Around 49.3 million offers worth S$48.9 million changed hands, which worked out to a normal unit cost of S$0.99 per share. 

The most effectively exchanged counter was Noble Group, which fell S$0.26 to S$0.315 with 5.1 million offers exchanged. Different actives included Rowsley and Sino Cloud. Gainers dwarfed washouts 63 to 47, or around four up for each three down. 

Somewhere else, Japan's Topix was minimal changed, while stocks in Seoul, Hong Kong and Australia crept somewhat higher, Bloomberg announced.

For more information: SGX Stock Research, Stock Tips, Stock Signals, Stock Picks, Stock Research Singapore

Daily Markets Briefing: Stock Updates

Daily Markets Briefing: STI up 0.33%

Try not to expect any lift from Wall Street today. 

The Straits Times Index (STI) finished 10.81 focuses or 0.33% higher to 3298.24 on Monday, taking the year-to-date execution to +14.49%. 

The best dynamic stocks yesterday were Global Logistic, which increased 0.61%, DBS, which increased 1.61%, Singtel, which increased shut unaltered, OCBC Bank, which increased 0.36% and UOB, with a 0.63% progress. 

OCBC Investment Research said the US securities exchange shut with little change while speculators anticipate key quarterly outcomes that would be discharged for the current week. 

Then, seven out of 11 S&P 500 businesses finished higher, with Utilities (0.39%) driving the increases, while Health Care (- 0.3%) drove the decreases. 

"The quieted appearing on Wall Street overnight is probably not going to give a lot of a lift to the nearby bourse toward the beginning of today," OCBC Investment Research said.

Singapore shares open 0.1 per cent down on Tuesday

SINGAPORE stocks opened 0.1 for each penny bring down on Tuesday, with the Straits Times Index dropping 2.14 focuses to 3,296.1 as at 9.14 am. 

Around 116.2 million offers worth S$113.4 million altogether changed hands, which worked out to a normal unit cost of S$0.98 per share. 

The most effectively exchanged counter was Sincap, which rose S$0.001 to S$0.031 with 8.1 million offers evolving hands. Different actives included AA and Global Logistic.  Gainers dwarfed failures 90 to 77, or around seven up for each six down.

Stocks to watch: Global Logistic Properties, Keppel Infrastructure Trust

Worldwide Logistic Properties (GLP) said on Tuesday that it has consented to an arrangement with Adidas to build up its biggest appropriation focus in Asia. 

This comes soon after it reported last Friday that it has acknowledged a Chinese consortium's offer of S$3.38 per share in real money, esteeming the organization at about S$16 billion. 

In a Singapore Exchange documenting on Tuesday, GLP said that Adidas is multiplying its space at a similar stop in Suzhou, Eastern China to take care of solid demand from developing household utilization. 

GLP keep going exchanged at S$3.31 on Monday, up two Singapore pennies, or 0.61 for every penny.

KEPPEL Infrastructure Trust (KIT) on Monday reported a distribution per unit of 0.93 Singapore cent for Q2, unchanged from a year ago.

For more updates: SGX Stock Research, Stock Tips, Stock Signals, Stock Picks, Stock Research Singapore

Penny Stocks to Watch for 3 July 2017

Here are few Penny Stock to watch this Monday morning:

Singapore Stock Market Movements Of The Day

Global Logistic Properties (GLP) says it has finally Friday’s due date got firm recommendations from shortlisted bidders for definite assessment. Reuters announced last Friday the race for GLP has limited to between a gathering driven by Chinese private value firms Hopu Investment Management and Hillhouse Capital Group, and an adversary consortium headed by Warburg Pincus and its coordinations accomplice e-Shang Redwood. Offers of GLP last exchanged at $2.86.

First Sponsor Group is procuring an arrangement of legacy marked inns in the Netherlands for €205 million ($323.3 million). QBN claims an arrangement of 17 inns with 1,695 rooms and 13,661 sqm of gathering space and can be found in key portal urban areas, for example, Amsterdam, Rotterdam and The Hague. Offers of First Sponsor shut 1 penny bring down at $1.32.

Keppel Corp: Keppel Offshore and Marine’s auxiliary, Keppel Shipyard will soon convey the world’s initially changed over Floating Liquefaction Vessel (FLNGV) which has been named Hilli Episeyo at a function on Sunday. Offers in Keppel shut 7 pennies bring down at $6.29.

Q&M Dental Group has consented to get 20% stake in Shenzhen Superline Technology Co for 62 million yuan (about $12.7 million). Shenzhen Superline is in the matter of assembling nikel-titanium endodontic root channel records and orthodontic curve wires. Offers of Q&M Dental last exchanged at 68 pennies.

BreadTalk Group, through its entirely claimed backup, Together Inc, and Song Fa Holdings are entering a joint wander (JV) consent to fuse BTG-Song Fa Venture and work the Song Fa Bak Kut Teh chain or eateries in China and Thailand. Offers of BreadTalk last exchanged at $1.50.

Wilmar International reported that backup, KOG Investments (KOGI), has gone into a JV concurrence with Lion Corporation of Japan, for the fabricate and offer of methyl ester sulfonate (MES). On Friday, offers of Wilmar shut 13 pennies bring down at $3.35.

Global Share Markets

Real US stock files finished an unpredictable week on an unassumingly high note on Friday. The Dow Jones Industrial Average rose 62.6 focuses, or 0.29%, to 21,349.63, the S&P 500 increased 3.71 focuses, or 0.15%, to 2,423.41, and the Nasdaq Composite dropped 3.93 focuses, or 0.06%, to 6,140.42.

Singapore Stock Market

The Straits Times Index shut 0.99% or 32.17 focuses bring down at 3,226.48. Add up to the volume of offers exchanged was 1.5 billion units esteemed at $1.3 billion. Washouts dwarfed gainers 301 to 133.

Stock To Buy

• Jadason^
• SingTel
• Genting Sing
• Chasen^

So Earn More with Intraday Trading Signals

Reference: http://www.mmfsolutions.sg/news/penny-stocks-watch/

Penny Stock of Singapore Share Market

Here is few Penny Stock to Watch this Tuesday morning: A Chinese consortium and two private value firms are probably going to submit offers one week from now to purchase Global Logistics Properties (GLP), says Reuters. The Chinese consortium is driven by private value firms Hopu Investment Management and Hillhouse Capital Group and has the support of GLP Chief Executive Ming Mei. Alternate bidders are US-based private value firm Warburg Pincus LLC and Asian speculation firm RRJ Capital. Offers of GLP shut 16 pennies bring down at $2.84.

Respectable Group has discarded its whole 100% stakes in three entirely claimed backups that do non-ferrous metals warehousing administrations for an aggregate thought of US$4.7 million ($6.5 million). Independently, Fitch Ratings declared it has minimized Noble’s FICO assessment to garbage status. Honorable offers finished 16.5% higher on Friday at 53 pennies.

Keppel Land China, the property arm of Keppel Corp, is together getting a 30% stake in a Shanghai office and retail blended utilized improvement, SOHO Hongkou, for US$525 million ($729 million). Offers of Keppel shut 1 penny higher at $6.23.

Best Glove Corporation has propelled the situation of 5 million existing offers, subject to beat up choice, at $1.71 each to encourage exchanging liquidity of the offers in Singapore by financial specialists. The arrangement cost speaks to a 6.6% markdown to Top Glove’s end cost of $1.83 which cutting-edge 1 penny on Friday.

Versatility Systems (MSPL), a backup of ST Engineering’s territory frameworks arm ST Kinetics, is obtaining the staying 5.64% stake in Technical Projetos e Serviços Automotivos (Technicae), the Brazil-based car support, repair and upgrade (MRO) administrations supplier, for $0.3 million. Offers of ST Engineering shut 1 penny bring down at $3.71 on Friday.

Global Share Market

Markets The S&P 500 and the Dow scarcely ascended on Monday as increases were balanced by a fall in innovation stocks, which pushed the Nasdaq lower as financial specialists swung to more guarded divisions. The Dow Jones Industrial Average rose 14.79 focuses, or 0.07%, to 21,409.55, the S&P 500 lost 0.77 point, or 0.03%, to 2,439.07 and the Nasdaq Composite dropped 18.10 focuses, or 0.29%, to 6,247.15.

Singapore Share Market

The Straits Times Index shut 0.19% or 6.08 focuses bring down at 3,209.47. Turnover was 1.6 billion units of offers with an aggregate estimation of $1.1 billion. Excluding warrants, washouts dwarfed gainers 219 to 166.

Stock To Buy

• AA
• GENTING SING
• MIYOSHI
• YUUZOO
• JADASON

Reference: http://www.mmfsolutions.sg/news/penny-stock-singapore-share-market/

For more updates: SGX Stock Research, Singapore Stock Market Blog, Singapore Stock Blog, Stock Tips, Singapore Stock Market News

SINGAPORE stocks opened 0.1 per cent lower on Friday

SINGAPORE stocks opened 0.1 for each penny bring down on Friday, with the Straits Times Index withdrawing 1.89 focuses to 3,213.66 as at 9.02am. 

Around 50.6 million offers worth S$66.6 million altogether changed hands, which worked out to a normal unit cost of S$1.32 per share. 

The most effectively exchanged counter was Noble, which rose S$0.075 to S$0.530 with 6.8 million offers evolving hands. Different actives included Global Logistic Properties and Golden Agri-Res. 

Gainers dwarfed failures 66 to 46.

Hot Stocks Of The Day:

Sincap

Noble

AA

Nam Cheong

AsiaPhos W200323

For more details: SGX Stock Research, Singapore Stock Market Blog, Singapore Stock Blog, Stock Tips, Singapore Stock Market News

Singapore Stock Ascendas REIT Update

• Strong outperformance YTD
• Modest growth expected
• Sydney portfolio a potential bright spot

Valuations No Longer Attractive; Time to Lock in Some Gains

Ascendas REIT’s (A-REIT) share price has appreciated 19.8% YTD, strongly outperforming the STI (+12.1%) and FTSE ST REIT Index (+12.0%) and making it the second best performing S-REIT. Including distributions, AREIT’s total returns YTD stands at an impressive 23.7%. We believe this has been driven by AREIT’s significant exposure to the business park and science park segments in Singapore (37% of portfolio value, as at 31 Mar 2017), which is facing more positive demand and supply dynamics relative to the general industrial market, coupled with expectations of further inorganic growth given its healthy aggregate leverage ratio of 33.8%. The latter provides AREIT with debt headroom of ~S$1.1b before it reaches an aggregate leverage ratio of 40%.

Read More - SGX STOCK SIGNALS TO BE CONSIDERED AS AN INVESTOR

However, we opine that valuations are no longer attractive at this juncture, with our forecasted FY18F distribution yield of 5.8% coming in at ~1.4 standard deviations below its 5-year average. In light of the aforementioned factors, we believe investors can lock in some gains; we downgrade A-REIT to HOLD on valuation grounds, with an unchanged fair value estimate of S$2.66.

Expecting Modest DPU Growth in FY18

Our downgrade is also premised on our projections for relatively modest DPU growth of 0.9% in FY18, partly due to a full-year effect of an enlarged unit base arising from the conversion of all its Exchangeable Collateralised Securities into units in FY17. However, we acknowledge that there is potential upside to our DPU forecasts should A-REIT make DPU accretive acquisitions given its ample debt headroom as highlighted earlier.

Industry Outlook Has Brightened, But Risks Remain

Meanwhile, we note that recent manufacturing and trade data points have been encouraging, such as the strong 23.3% YoY growth in electronics exports and increase in electronics PMI to 52.4 for the month of May. Nevertheless, we believe downside risks remain, and A-REIT has guided for subdued or flat rental reversions in FY18 due to uncertainties over demand and supply pressures.

Read More -  3 SINGAPORE BLUE CHIP STOCKS YOU MUST NOT IGNORE IN 2017

A bright spot could come from A-REIT’s strong presence in Sydney (50.9% of its Australian portfolio valuation), in our view. JLL has projected average prime rents in the Outer Central West and South Sydney precinct to grow at a CAGR of 2.5% and 3.5% from 2017 to 2021, respectively.

{Original Source - https://sgx.i3investor.com/blogs/sgxstockwarrant/30020.jsp}

SGX Shares to Watch of the day

Here are a few SGX Shares to watch this Wednesday morning: UOL, UIC and Haw Par have called for exchanging stops individually. Is UOL Group, the property firm controlled by UOB Chairman Wee Cho Yaw, offering to purchase United Industrial Corp (UIC) after its 2009 endeavor? The counters shut at $23.05, $3.28 and $11.31 on Tuesday individually.

To begin with, First Sponsor Group is procuring the third to the ninth floor of the Poortgebouw Hoog Catherijne, in Utrecht, the Netherlands, for 26.4 million euros ($40.8 million). Offers in First Sponsor shut at $1.32 on Tuesday.

SIA Engineering Company (SIAEC) and GE Aviation reported Tuesday that they are setting up another motor redesign joint wander situated in Singapore. Offers of SIAEC shut 1 penny higher at $4.21 on Tuesday.

Hurry, a completely possessed Subsidiary of Singapore Airlines (SIA) propelled its inaugural flight to Athens, Greece on Tuesday. Offers of SIA shut 2 pennies bring down at $9.97 on Tuesday.

OKP Holdings, the framework and structural designing organization, today reported that its auxiliary, Eng Lam Contractors, has secured a venture from JTC worth about $8.8 million. Offers of OKP shut 1 penny higher at 42 pennies on Tuesday.

Major Stock Markets

US stocks shut lower on Tuesday. The Dow Jones Industrial Average was down 61.85 focuses, or 0.29%, to 21,467.14, the S&P 500 had lost 16.43 focuses, or 0.67%, to 2,437.03 and the Nasdaq Composite had dropped 50.98 focuses, or 0.82%, to 6,188.03.

Singapore Share Markets

The Straits Times Index (STI) on Tuesday slid to a 16.76-point misfortune at 3,230.42 on volume of 2.7 billion units worth $1.07 billion, contrasted and $765 million on Monday.

Some More Valuable SGX Shares

• DISA
• Noble
• Yuuzoo
• Add value Tech

Reference: http://www.mmfsolutions.sg/news/sgx-shares-watch/

For more update: SGX Stock Research, Singapore Stock Market Blog, Singapore Stock Blog, Stock Tips, Singapore Stock Market News

Singapore shares open 0.13% down on Thursday

SINGAPORE shares opened level on Thursday, as Wall Street finished blended overnight: Dow edged to a new record, while both the S&P 500 and Nasdaq completed lower. 

The Straits Times Index opened 0.13 for each penny or 4.09 focuses bring down at 3,253.43 focuses. Around 42.8 million offers worth S$58.1 million altogether changed hands.

The most effectively exchanged stock was World Class Global, which appeared exchanging on Catalist on Thursday at S$0.27. As at 9.03am, somewhere in the range of 5.28 million offers had changed hands. Different actives included Blumont and ISDN. Failures dwarfed gainers 98 to 39. 

Market drifts in quiet trading ahead of Fed meeting

Benchmark index falls 4.09 points, weighed down mainly by falls in DBS and OCBC.

THE Straits Times Index on Wednesday fell 4.09 focuses to 3,253.43, burdened principally by falls in DBS and OCBC. Turnover stayed worse than average, as it has for a few days now, with 1.9 billion units worth S$976.2 million exchanged. Barring warrants, there were 174 ascents versus 264 falls all throughout.

Hot stocks of the day

1. LIFEBRANDZ

2. HANWELL

3. LEY CHOON

4. NOBLE

5. ISDN

Reference: http://www.mmfsolutions.sg/news/singapore-stocks-market-news/

For more updates: SGX Stock Research, Singapore Stock Market Blog, Singapore Stock Blog, Stock Tips, Singapore Stock Market News