SembMarine to purchase Sevan Marine's intellectual propety in US$28m arrangement to end legitimate discord

Singapore stock market news today is that Sembcorp Marine (SembMarine) declared that it intends to spend US$28 million (S$37.4 million) that would go towards obtaining the licensed intellectual property of Norway's Sevan Marine, conveying to an end a "long-standing" disagreement about the encroachment of each other's protected intellectual property.

As the news is heating up the share market investors could make these Singapore shares as a share investment option. These shares are the stock recommendation to keep it on the watchlist.

SembMarine to purchase Sevan Marine's intellectual propety in US$28m arrangement to end legitimate discord

The arrangement will likewise mean SembMarine buying a 95 percent value equity in HiLoad LNG, a Sevan Marine subsidiary which holds certain licensed intellectual property rights, the exchange of 26 Sevan Marine representatives, and additionally unexpired leases of the organization's three office areas.

The arrangement, done through its entirely claimed unit Sembcorp Marine Integrated Yard, implies too that SembMarine would embrace to assume control over some of Sevan Marine's current administration contracts and give building administrations to a portion of Sevan's current contract accomplices which have remarkable permit expenses payable to Sevan Marine.

"The suit between SCM Group and Sevan Marine in the US courts over the encroachment of licensed intellectual property privileges of SCM Group will be ended subject to finishing," SembMarine said in an administrative recording.

Sevan Marine, which is recorded on the Oslo Bourse, has practical experience in the plan, designing and undertaking the execution of gliding units for seaward applications. Their principle item is a tube-shaped stage utilized for coasting creation and penetrating.

"Through the key securing of Sevan Marine's licensed intellectual property rights, the long-standing disagreement regarding encroachment of each other's IP can be settled," SembMarine said.

"Sembcorp Marine will be all around put with a suite of scholarly properties and learning to execute driving edge outline and designing answers for the worldwide seaward and marine segments. This puts the organization in a superior position to offer elective answers for clients and accomplices."

The benefit deal must be affirmed by the investors of Sevan Marine and certain outsiders by Dec 31, 2018.

On the off chance that Sevan Marine gets a coupling offer from another gathering for the proposed exchange at a money cost that is no less than 10 percent higher, SembMarine might have the right, however not a commitment, to match such an offer. Should the benefit deal be ended by Sevan Marine because of an offer from somewhere else, it will repay SembMarine "sensible exchange costs". Prosecution between the SembMarine and Sevan Marine in the US courts over the encroachment of SembMarine's intellectual property rights will then proceed with, SembMarine said.

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Straits Times Index (STI) down to 3,526.94 on friday

SINGAPORE

Stock trading in Singapore is on Friday is likely to be unfavorable as the Strait Times Index down 0.3%. The Singapore share market opened lower on 18 May 2018, Friday. Cause of opening lower is the question cast by President Donald Trump that present exchange converses with China would succeed, and remarked that China was "extremely ruined on exchange".

Singapore stocks opened lower on Friday (May 18), with the Straits Times Index shedding 9.82 focuses, or 0.3 for every penny, to 3,526.94 as at 9.01am.

SGX (Singapore Exchange Limited)

This came after US stocks shocked lower overnight after President Donald Trump cast question that present exchange converses with China would succeed, and remarked that China was "extremely ruined on exchange". 

On the Singapore bourse, the field was equitably coordinated, with the same number of gainers as washouts at 49 each. Around 52.9 million offers worth $51 million changed turns in all out.

The most effectively exchanged counters by volume were MDR, which was level at 0.2 penny with 14.1 million offers exchanged; and Hyphens Pharma which was level at 30 pennies with 4.6 million offers exchanged. Hyphens Pharma influenced its introduction on the Catalist to board on Friday.

Other dynamic list stocks included OCBC Bank, which fell 1.7 for every penny to $12.97; and SIA which rose 1.4 for each penny to $11.30 on news that the gathering has swung once again into the dark with a Q4 net benefit of $181.8 million, and is combining SilkAir into its leader transporter.

Final Thoughts- 

The share market was equitably coordinated, with same numbers of gainers as well. OCBC Bank, which fell 1.7 for every penny to $12.97; and SIA which rose 1.4 for each penny to $11.30. 

These 5 Singapore-Listed Stocks Fell To Zero

What happens next is usually heartbreak as these investments that promised outstanding returns often end in financial losses rather than profits for investors. 

#1 Blumont Group Ltd
 

What happened: At the height of investors’ interest in natural resources company, Blumont, its shares were trading at over $2.45 apiece in the 3rd quarter of 2013 after surging close to 800% in the space of nine months. Today, its shares are worth approximately $0.001, basically next to nothing (as this is the lowest value shares can trade at).

This spectacular rise and subsequent dip in its share price, along with two other related companies, LionGold Corporation and Asiasons Capital Limited (now Attilan Group Limited), over a three-day period sparked one the worst market runs in the history of the Singapore Exchange, wiping out close to $8 billion off the local exchange.

How it ended: In 2014, the regulators took Malaysian businessman and mastermind of the operation, Soh Chee Wen, his girlfriend, Quah Su Ling, and an associate, Goh Hin Calm, to task in relation to fraud in one of the most serious and complex cases of market manipulation in Singapore.


#2 Linc Energy Ltd

What happened: Linc Energy’s Singapore listing was seen as sort of a coup for SGX as the innovative energy firm, spearheading underground coal gasification technology and with high quality oil and gas assets in North America and Australia, leaving the Australian bourse for Singapore, citing its global appeal and access.

Shortly after its arrival in the Singapore market, the Australian authorities began cracking down on a possible site contamination by the company at its local testing facility which left four employees sick, with suspected gas poisoning.

This resulted in the company being taken to court to bear the cost of cleaning up the lands around its testing facility in Australia.


At the same time, it was hit by the weak oil and gas market which crippled its operations and ability extract its oil reserves.

This resulted in growing debts for the company adding up to over A$320 million.

How it ended: The company is in the process of being liquidated after creditors unanimously voted to put it into administration. This was after the company was unable to raise funds amid the tough oil and gas environment, especially with criminal proceedings looming in the background.

Linc Energy founder, Peter Bond, is now in court, along with four other senior executives fighting charges for failing to comply with the country’s Environmental Protection Act.

Linc Energy’s shares: Linc Energy’s shares were suspended in March 2016. Its liquidators have sold some of its assets, and has filed for a one-year extension to submit a proposal to resume trading with SGX.

This means shareholders will continue to be in limbo until liquidators can realise the full assets of Linc Energy and ultimately disburse the amount.

#3 Swiber Holdings Limited
What happened: During its prime, Swiber was trading at over $6.16 in 2007. The company was performing well and winning new and bigger contracts in the oil and gas industry. It was even listed as “Best under a Billion” in the late 2000s.


By 2016, after weathering a downcycle in the oil and gas industry for over a year, it was left facing hundreds of millions of dollars in debt and weak business prospects. This culminated in the company filing for judicial management.

How it ended: Swiber’s business gradually deteriorated after the slump in the oil and gas markets. In 2015, it posted losses of over US$27 million. By 2016, Swiber became one of the biggest casualties of the oil and gas slump in the Singapore market.

It had also defaulted on bond payments due at the end of that year, which affected many investors in Singapore who had been sold the high-yield bonds.

Swiber’s shares: By the time its shares were suspended from trading in July 2016, it was trading at just $0.109. Its shares are still suspended today, and the management is still working to liquidate its assets.


#4 Saizen Real Estate Investment Trust (REIT)
What happened: Saizen REIT sold off its entire portfolio of Japanese residential properties for $542.8 million to Japan-based Triangle TMK in March 2016. This was at a 3.4% premium to its appraised asset value, and 36.9% above the closing price immediately prior to the announcement.

How it ended: As expected, its shares dipped to under $0.03 per share after selling its assets and distributing most of the proceeds to unitholders in March 2016. The deal effectively rendered Saizen REIT a cash trust.

In the next one year, its share price turned volatile as it seeked new business. In August 2016, it entered into an official agreement with Malaysia’s Sime Darby to explore the possibility of an reverse takeover (RTO) deal to inject its Australian properties into the company.

Saizen REIT’s shares: Saizen REITs share price began a period of see-saw on the back of several announcements regarding the possible RTO deal with Sime Darby.

On 1 October 2016, its share price plunged to $0.03 after announcing that it could not reach an agreement with Sime Darby on a proposed RTO deal. Just a few days later, on 10 October 2016, it announced it that the RTO agreement with Sime Darby was proceeding with an injection of 20 industrial properties in Australia into the REIT. This caused its share price to rocket to the $0.06 level once again.

On 3 January, it announced that the proposed RTO would be delayed due to “the transaction process taking longer than originally envisaged.” While this did not spook investors, it finally announced on 10 March that the RTO was not feasible – this pushed its share price back down to under the $0.03 level.

Trading in the REIT’s shares was suspended from 16 may 2017 at a price of $0.033, and it has since announced that the company will be liquidated and unitholders will receive $0.03378.


#5 Eratat Lifestyle Limited


What happened: Eratat was getting lots of investor interest with growth story – increasing sales and profit figures as well as healthy cash position. The company was also moving into premium segments of its market to boost profitability. 

Abruptly, on 29 January 2014, trading of Eratat shares was suspended. It emerged that Eratat had defaulted on its bond interest payments, and as a result, the bondholder was going to redeem the bond.

It further emerged that the company’s Audit Committee was unable to get satisfactory answers from the CEO as to why this happened when it had sufficient funds to pay it off. The CEO was subsequently suspended from his duties.

The Audit Committee tried to verify Eratat’s bank balances in China but could not verify this after its bank stated there were “discrepancies” in the statements. After further liaison, the Audit Committee found that instead of the RMB577 million indicated by the CEO in an online transcript, the company had less than RMB74 million. In addition, it also owed previously unreported bank borrowings and trade bills of RMB64 million.

How it ended: On 30 May 2014, the company filed a report with The China Banking Regulatory Commission (CBRC) based Fujian and the Commercial Affairs Division (CAD) in Singapore.

On 18 August 2014, the company released an announcement stating that the CBRC had confirmed that the CEO of Eratat was found to have forged bank documents. Even worse, he had used the bank’s premises to hand forged bank statements to the Audit Committee.

Eratat’s shares: On 28 August, Eratat was placed under judicial management. On 12 Jan 2015, the company announced that it was in talks with a real estate company to transfer its listing status.

Capital World, the former Terratech, posts 63% increase in FY17 earnings to $22.2 mil

Capital World, the gathering once in the past known as Terratech which is presently into property advancement, reported FY17 profit expanded 63% to RM70.1 million ($22.2 million) from RM42.9 million in FY16.

Gathering income dramatically increased to RM183.9 million for the monetary year finished June contrasted with RM81.6 million recorded a year ago.

Capital World credited this to higher income from Capital 21, a retail platform part of the gathering’s blended improvement in Johor and its overhauled suites segment, Capital Suites, which were perceived in light of a higher level of finishing.

Simultaneously, offering and dispersion costs dramatically increased to RM9.42 million from RM4.21 million the earlier year, because of the expansion in deals commission and publicizing and limited time costs.

What’s more, because of higher finance related expenses from extra headcounts, general and authoritative costs additionally dramatically increased to RM13.0 million in FY17 contrasted with RM5.42 million a year ago.

As at end June, the gathering’s net money and money counterparts remained at RM23.4 million.

Siow Chien Fu, Executive Director and CEO of Capital World says, “Going ahead, we will remain concentrated on executing our development methodologies. We will embrace this specialty model to property advancement in Malaysia and in different districts. Besides, we are effectively searching for chances to shape vital associations and joint dares to create extends in Southeast Asia, to upgrade the development of our property improvement business.“

Capital World Last Exchanged At 10.2 Pennies.

Penny Stock To Buy

• Spackman
• Jadason^
• BlackGoldNatural
• Chasen^

Reference: http://www.mmfsolutions.sg/news/singapore-share-market-news-capital-world/

For more details: Singapore Stock Research, Equity Picks, Share Investment, Stock Market Today Singapore, Singapore Stock Market Blog

SGX gives nod for Cromwell European REIT’s proposed $1.6 bil IPO

Singapore Exchange (SGX) has issued its Eligibility-to-List (ETL) for the proposed first sale of stock (IPO) of the Cromwell European Real Estate Investment Trust (CEREIT) at an expected one billion euros ($1.6 billion).That’s things will affect Singapore stock market and Economically also.

CEREIT is a Singapore REIT with the enhanced arrangement of wage creating land resources in Europe.

Its support, the ASX-recorded Cromwell Property Group, says in an administrative documenting on Thursday that it means to dispatch the IPO in September this year if all conditions are met.

The IPO is liable to economic situations, applicable administrative and different endorsements, and also the execution of complete assertions by significant gatherings.

The SGX gesture comes after REIT administrator Cromwell EREIT Management a week ago got a Capital Markets Services License from the Monetary Authority of Singapore (MAS).

“The IPO mirrors Cromwell’s expressed technique of enhancing capital sources and accomplishing repeating incomes from its assets administration business,” Cromwell says.

Penny Stock To Buy

• FSL TRUST
• SINCAP
• MOYA ASIA
• STARHUB
• KRISENERGY

Our Recent Stock Recommendations

KLSE SHARIAH SIGNALS: BUY KRONO AT 1.07 TARGET 1.11, 1.15 SL 1.03

KLSE SHARIAH HOLDING UPDATE: KRONO MADE HIGH OF 1.13, OUR 1st TGT DONE. GIVEN ON 22-AUG FROM 1.07.

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

Singapore shares open 0.2% up on Wednesday

SINGAPORE stocks opened 0.2 for each penny higher on Wednesday, with the Straits Times Index progressing 7.94 focuses to 3,271.73 as at 9.01am. This returns on the of US stocks finishing higher overnight, with each of the three noteworthy files posting their best one-day rate picks up in finished seven days, as legislators' remarks on charge change supported financial specialist good faith. 

On the Singapore bourse, around 63.1 million offers worth S$50.6 million altogether changed hands, which worked out to a normal unit cost of S$0.80 per share. 

The most effectively exchanged counter was Golden Agri-Resources, which was level at S$0.375 with 7.3 million offers evolving hands. Different actives included China Med International and ComfortDelGro. 

Gainers dwarfed failures 94 to 30.

Hot Stocks of The Day

• Rowsley
• Sincap
• QT Vascular
• Moya Asia

Our Recent Stock Recommendations

KLSE INTRADAY SIGNAL ( 22 Aug 17 ): BUY KRONO AT 1.02 TARGET 1.06… SL 0.975, AND HOLD FOR TOMORROW

KLSE HOLDING UPDATE: KRONO AT 1.06, OUR TARGET DONE. GIVEN YESTERDAY FROM 1.02.

For live updates: Singapore Stock Research, Equity Picks, Share Investment, Stock Market Today Singapore, Singapore Stock Market Blog

Singapore shares open 0.64% higher on Monday

SINGAPORE stocks opened higher on Monday morning, with the Straits Times Index increasing 0.64 for each penny or 20.99 focuses to 3,314.12 as at 9.01am. 

Somewhere in the range of 105.3m offers worth S$59.1m changed hands. Failures took an early lead over gainers, nonetheless, with 73 down to 54 up, or four in negative region for each three on positive ground. 

Recently recorded Netlink NBN Trust stayed dynamic, however stayed put at 80.5 Singapore penny. DBS Group Holdings slipped 0.4 for each penny, or 9 Singapore pennies, to S$21.39.

For more details: Singapore Stock Research, Equity Picks, Share Investment, Stock Market Today Singapore, Singapore Stock Market Blog

Daily Markets Briefing

Be that as it may, expect a few picks up (Intraday Stock Picks) today.

SINGAPORE  stocks opened in a positive area on Thursday following overnight picks up in US markets, with the Straits Times Index expanding 0.32 for every penny or 10.27 focuses to 3,219.18 as at 9.01am.

Gainers dwarfed washouts 97 to 30, or around three up for each one down, after 86.6 million offers worth S$57.6 million changed hands.

Shopper blue chips were among the early actives, with drinks creator Thai Beverage Public Co including 0.5 for every penny, or a large portion of a penny, to S$0.915. Coordinated resort administrator Genting Singapore rose 0.9 for every penny, or one Singapore penny, to S$1.065.

Market mixed ahead of Yellen report 

(STI eases 9.89 points; in the broader market, gainers beat losers by a narrow 210-208)

Financial specialists held (Intraday Stock Picks) their breaths mid-week as they looked for signs on when the US Federal Reserve would begin diminishing its huge asset report in front of Fed boss Janet Yellen's two-day semi-yearly money related approach declaration starting Wednesday night.

Latest Hot Stocks for Traders/Investors 

Oceanus^ (SGX: 579): 0.009 +0.001 (+12.50%)

AA (SGX: 5GZ): 0.036 +0.002 (+5.88%)

Jiutian Chemical (SGX: C8R): 0.029 +0.003 (+11.54%)

DISA W170802 (SGX: 42BW): 0.006 +0.001 (+20.00%)

OCBC Bank (SGX: O39): 10.870 +0.040 (+0.37%)

Reference: http://www.mmfsolutions.sg/news/intraday-stock-picks/

SINGAPORE SGX MARKET DAILY BRIEFING

SINGAPORE SGX MARKET STOCKS AND SHARES OPENED 0.7 PER CENT HIGHER

Singapore SGX market opened 0.7 per cent higher on Thursday, with the Straits Times Index advancing 21.56 points to 3,237.26 as at 9.06 am.

About 82.3 million shares worth S$123.3 million in total changed hands, which worked out to an average unit price of S$1.50 per share.

The most actively traded counter was Genting Sing, which rose S$0.015 to S$1.090 with 11.7 million shares changing hands. Other actives included Thai Bev and DISA.

Gainers outnumbered losers 111 to 33.

FUNG CHOI DECIDED TO DELIST FROM SGX

FUNG Choi Media is preparing for the delisting of its shares from the mainboard of the Singapore Exchange.

In an SGX filing on Wednesday, the Bermuda-incorporated company said that the reasons for its delisting include the lack of prospect for any corporate rescue or restructuring or sale of the company’s business, and the company is hopelessly insolvent.

Fung Choi said that on June 21, the SGX has advised that it has no objection to the application for delisting, and an immediate announcement must be made of the delisting application granted.

The liquidators are working with the SGX to confirm the delisting date and other matters in relation to the company’s delisting. A further announcement will be made once the delisting date is confirmed.

HOT STOCKS FOR SINGAPORE SGX MARKET INVESTMENT

• DISA
• OCBC Bank
• YZJ Shipbldg SGD
• Yuuzoo
• Ezion

Earn more on this stocks and to get live Singapore SGX market updates subscribe to our 3 days free trial.

Reference: http://www.mmfsolutions.sg/news/singapore-sgx-market-daily-briefing/

Best Penny Stock To Buy

THE accompanying Penny Stock had declarations or improvements that may impact exchanging on Thursday.

Joined Overseas Bank: United Industrial Corp (UIC), UOL Group and Haw Par Corp, the three property organizations that are considerably claimed by veteran broker Wee Cho Yaw, required an exchanging end on Wednesday, reemerging theory of the potential privatization of UIC. With the exchanging end of these stocks and talk that Mr. Wee, administrator of UOB, is going to merge his organizations, UOB stock is an absolute necessity watch.

Singapore Airlines (SIA): The carrier has re-secured the No 2 position in the Skytrax World Airline Awards rankings, as indicated by a declaration on the World Airline Awards site. Notwithstanding taking the pined for second best positioning, SIA was additionally granted Best Airline in Asia, Best Business Class Airline Seat, and Best Premium Economy Onboard Catering.

Cambridge Industrial Trust (CIT): Cambridge Industrial Trust Management Limited and Cambridge Industrial Trust will change their names to ESR Funds Management (S) Limited and ESR-REIT, individually, from Friday. This is to connote the significance of the Reit as a feature of the e-Shang Redwood Group’s (ESR) business exercises. e-Shang Infinity Cayman Limited, a backup of ESR, purchased the total 80 for each penny aberrant enthusiasm for CIT Management from nabInvest Capital Partners Pte Ltd and CREIM Limited in January.

Hot Stocks of the day:

    1. Hatten Land (SGX: PH0)

0.220

+0.028 (+14.58%)

2. LifeBrandz W190602 (SGX: 1E1W)

0.010

+0.001 (+11.11%)

3. Sunrise Shares (SGX: 581)

0.100

+0.049 (+96.08%)

Our Recent Stock Recommendations 

SGX INTRADAY SIGNAL (20 June 2017): BUY LIFEBRANDZ AT 0.056 TARGET 0.059…. SL 0.052

SGX INTRADAY UPDATE: LIFEBRANDZ AT 0.059, OUR TARGET DONE

Reference: http://www.mmfsolutions.sg/news/best-penny-stock-buy/

For more information: Penny Stocks Recommendation, Stock Investment, Stock Signals, Stock Market Today Singapore, Stock Market News Today

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}

Singapore shares open flat on Monday

SINGAPORE stocks opened level on Monday as Wall Street finished a week ago's session blended. Nasdaq withdrawn from a record as tech stocks including Apple and Facebook tumbled, while the Dow completed at another high. 

The benchmark Straits Times Index opened 0.53 focuses higher at 3,254.19.

Somewhere in the range of 32.4 million units worth S$40.4 million changed submits the initial couple of minutes of exchanging, with gainers dwarfing failures 59 to 58. 

Imperium Crown, Moya Holdings and Sincap were among those on the actives list.

Latest Hot Stocks (Stock Signals) for  traders 

1. SGX: ComfortDelGro (C52)

2. SGX: Ezion (5ME)

3. SGX: CapitaLand (C31)

4. SGX: Ascendas (A17U)

Reference: http://www.mmfsolutions.sg/news/stock-signals/

For more details: Singapore Stock Research, Equity Picks, Share Investment, Stock Market Today Singapore, Singapore Stock Market Blog