Market update: AirAsia X to increase flights to South Korea on strong demand

AirAsia X, the long-haul arm of Malaysia's budget carrier AirAsia, plans to increase flight frequencies to South Korea as it sharpens focus on North Asian markets to meet an anticipated robust demand, top company executives said Monday.




"We are targeting 80% load factor in the first 12 months of operations," Chief Executive Benyamin Ismail said at a news conference after announcing four-times-a-week flight from Kuala Lumpur to popular tourist destination Jeju island.

The new route will add more than 150,000 in annual capacity, he added.



Read more - Things Most People Don't Know About Singapore Stock Market
 
"South Korea is an important market and we have seen tremendous growth from our existing routes to Seoul and Busan, which will now be complemented by our new service to Jeju, saving our guests the hassle of domestic transit to the island province," he said.

The airline, which carried two million passengers in the Malaysia-South Korea route, is expecting demand to remain strong in the months ahead, Benyamin said.

AirAsia X plans to increase from December its weekly flights to Seoul from Kuala Lumpur to 18 from the current 14 and also raise the frequency of weekly flights to Busan to five from four in the same period, he added.

Meanwhile, the company will cut flights to Australia next year to focus more on North Asian markets, Group Chief Executive Kamarudin Meranun said. "We have scarcity of resources and therefore we need to be selective," he said.

The company's load factor - a measure of how full the planes are - rose by five percentage points on year to 80% in April-June period. Its seat capacity increased 26% from a year earlier to 1,722,513 and it carried 1,387,257 passengers, 34% more than a year earlier.

Read More- These Share investment Mistakes You're Making With Singapore Stock Market
 
While analysts favour AirAsia X's move to reduce Australian exposure, they expect its North Asia expansion strategy to boost profitability if it can generate an "attractive" yield.

AirAsia X has been facing strong competition in its Australian routes from Middle Eastern Airlines such as Emirates, MIDF Amanah Investment Bank's analyst Tay Yow Ken said. "Only 50% of AirAsia X's Australia routes were profitable," he said.

Singapore Stock market Briefing: STI up 0.75%

Expect some good news today............

The Straits Times Index (STI) ended 24.11 points or 0.75% higher to 3236.15, taking the year-to-date performance to +12.34%.

The top Good stocks were DBS, which gained 1.80%, OCBC Bank, which gained 0.99%, UOB, which gained 1.45%, SGX, which gained 0.13% and Singtel, with a 0.82% advance.

The FTSE ST Mid Cap Index gained 0.40%, while the FTSE ST Small Cap Index rose 0.65%.

According to OCBC Investment Research, US stocks rose on Wednesday, with the Dow industrials ending a four-day losing streak and the small-cap Russell 2000 notching a record close as President Donald Trump and congressional Republicans touted a sweeping tax overhaul.

Read More - ComfortDelGro and Uber alliance to breathe new life after losing drivers to Grab

Six out of 11 S&P 500 industries finished higher, led by Financials with 1.30% and Information Technology with 1.14%, whilst Utilities with -1.34% and Real Estate with -0.84% led the declines.

"The rebound on Wall Street overnight is likely to provide a modest boost to the local bourse today," OCBC said.

Singapore Market Penny Stock To Buy

1. OCEAN SKY INTL
2. VALUETRONICS
3. MAN ORIENTAL USD
4. MENCAST
5. UMS

So Earn more these Intraday stocks with our Stock Recommendations

More Update:Share trading tips, SGX Stock Picks, Share Market signals for Singapore stock Market

SGX Market Analysis of Yoma Strategic Holdings

Recently, the Myanmar Business Today reported that the Ministry of Planning and Finance is overseeing the Myanmar Agriculture Development Bank’s (MADB) dispersion of ~17 billion Kyat in long and short-term loans to farmers for machinery purchases.

 

This follows from an Official Development Assistance loan from the Japan International Cooperation Agency, and would allow individual farmers and smallscale commercial operations to tap on capital to procure modern agriculture equipment such as tractors.

The successful implementation of this could be beneficial towards Yoma’s distribution and after-sales services for New Holland tractors.

This development comes on the heels of the Ministry of Agriculture and Irrigation’s nationwide mechanization programme involving 600 New Holland tractors being delivered to farmers in Myanmar.

Recall that as of 1QFY18, Yoma will deliver the remaining 312 tractors under the programme, and is expected to record ~S$8m in further revenue moving forward.

Maintain HOLD with an unchanged fair value estimate of S$0.58.

More Update: Penny Stocks Recommendations, Stock investment, Share investment, Stock picks & stock market news today

Singapore Hot Stock Yuuzoo business Update

Lim & Tan Securities warns investors should “sell” or “avoid” social media and e-commerce company Yuuzoo Corporation despite its depressed SGX stock price.

In a daily review report on Thursday, Lim & Tan says concerns raised by Mak Yuen Teen, an associate professor of accounting at the NUS Business School, suggests that “all is not well at Yuuzoo Corp.”

Year to date, shares of Yuuzoo have plunged 46% from a high of 15 cents on Jan 3. As at 3.32pm on Thursday, shares of Yuuzoo are trading at 8.1 cents.

In a two-part commentary, Mak points out that Yuuzoo has had at least 15 departures of directors and key officers since its listing on the Mainboard of the Singapore Exchange (SGX) via a reverse take-over (RTO) in September 2014.

These include a chief executive officer, five chief financial officers, a head of legal, a chief revenue officer, and two audit committee (AC) chairs.

Its external auditors also did not stay around for long, Mak adds.

BDO LLP, Yuuzoo’s external auditor at the time of listing, decided not to seek re-appointment at the first post-listing annual general meeting (AGM) on May 29, 2015.

Singapore Stock Yuuzoo took more than five months to appoint the replacement auditor, Moore Stephens LLP, on Nov 11, 2015. The auditor issued a disclaimer of opinion for the FY2015 financial statements, before too deciding not to seek re-appointment at its AGM on May 27, 2016.

It would take more than seven months before Yuuzoo appointed its current auditor, RT LLP, on Jan 12, 2017. While it has been indicated that RT will be seeking re-appointment at Yuuzoo’s upcoming AGM on Friday, the auditor has an unmodified audit opinion with two emphasis-of-matter items.

Speaking of AGMs, Mak says YuuZoo has never been able to hold its AGM on time since its listing in 2014.

“Unfortunately, as YuuZoo is incorporated in Bermuda, the Singapore Companies Act requirement for listed companies to hold their AGM within four months of the financial year-end does not apply to the company,” say the corporate governance guru.

“Nevertheless, why is the company and its directors not held accountable for the repeated delays in holding its AGM on time when it is clearly a listing rule requirement?” he asks.

Non-compliance
In addition, Mak says Yuuzoo had failed to announce the cessation of Macquarie (Capital) as its compliance adviser.

“It was only when the company announced the appointment of RHT Capital (RHTC) as the new compliance adviser on Oct 23, 2015, that the market was informed about the change,” says Mak.

Less than three weeks later, RHTC affiliate RHT Corporate Advisory (RHTCA) was appointed as the replacement share transfer agent.

At the same time, Elizabeth Krishnan, an associate director at RHTCA, was installed as Yuuzoo’s new company secretary.

“It is surprising that there were no separate announcements for the appointment and cessation of the company secretary,” says Mak. “In my view, there is also a question of a possible self-review threat and conflict of interest in having the compliance adviser and the company secretary from the same firm or affiliated firms.”

Non-disclosure
According to Mak, YuuZoo has so far also failed to disclose, in any SGX announcement or in its annual report, a lawsuit filed in the US District Court of New York in July 2015 involving the purchase of shares by the plaintiffs and a loan of US$245,000.

The plaintiffs alleged a number of parties – including Yuuzoo and its executive chairman and co-founder, Thomas Zilliacus – had committed federal securities fraud, common law fraud, negligent misrepresentation, and breach of contract.

“Among the allegations was that the defendants failed to disclose that YuuZoo had been unable to engage in a public offering or merge with a public company in the United States because of accounting irregularities, that sales of YuuZoo had been grossly inflated to raise capital and to facilitate its listing on SGX, and that inquiries into the inflation of sales by SGX had caused serious delays and jeopardised its listing on SGX,” says Mak.

“Over the years, YuuZoo has had to issue responses to at least eight queries and follow-up queries from SGX and several other clarifications,” says Mak. “SGX had also issued two trade-with-caution warnings on YuuZoo’s stock.”

“While SGX has clearly been monitoring YuuZoo and has taken regulatory action, one must question whether enough has been done, given the multitude of governance issues in the company,” he adds.



Read More -Latest update on Singapore stocks


Lim & Tan Securities warns investors should “sell” or “avoid” social media and e-commerce company Yuuzoo Corporation despite its depressed stock price. In a daily review report on Thursday, Lim & Tan says concerns raised by Mak Yuen Teen, an associate professor of accounting at the NUS Business School, suggests that “all is not well at Yuuzoo Corp.” Year to date, shares of Yuuzoo have plunged 46% from a high of 15 cents on Jan 3. As at 3.32pm on Thursday, Singapore shares of Yuuzoo are trading at 8.1 cents. 

Advertisement In a two-part commentary, Mak points out that Yuuzoo has had at least 15 departures of directors and key officers since its listing on the Mainboard of the Singapore Exchange (SGX) via a reverse take-over (RTO) in September 2014. These include a chief executive officer, five chief financial officers, a head of legal, a chief revenue officer, and two audit committee (AC) chairs. Its external auditors also did not stay around for long, Mak adds. BDO LLP, Yuuzoo’s external auditor at the time of listing, decided not to seek re-appointment at the first post-listing annual general meeting (AGM) on May 29, 2015. Yuuzoo took more than five months to appoint the replacement auditor, Moore Stephens LLP, on Nov 11, 2015. 

The auditor issued a disclaimer of opinion for the FY2015 financial statements, before too deciding not to seek re-appointment at its AGM on May 27, 2016. It would take more than seven months before Yuuzoo appointed its current auditor, RT LLP, on Jan 12, 2017. While it has been indicated that RT will be seeking re-appointment at Yuuzoo’s upcoming AGM on Friday, the auditor has an unmodified audit opinion with two emphasis-of-matter items. Speaking of AGMs, Mak says YuuZoo has never been able to hold its AGM on time since its listing in 2014. “Unfortunately, as YuuZoo is incorporated in Bermuda, the Singapore Companies Act requirement for listed companies to hold their AGM within four months of the financial year-end does not apply to the company,” say the corporate governance guru. 

“Nevertheless, why is the company and its directors not held accountable for the repeated delays in holding its AGM on time when it is clearly a listing rule requirement?” he asks. Non-compliance In addition, Mak says Yuuzoo had failed to announce the cessation of Macquarie (Capital) as its compliance adviser. “It was only when the company announced the appointment of RHT Capital (RHTC) as the new compliance adviser on Oct 23, 2015, that the market was informed about the change,” says Mak. Less than three weeks later, RHTC affiliate RHT Corporate Advisory (RHTCA) was appointed as the replacement share transfer agent. At the same time, Elizabeth Krishnan, an associate director at RHTCA, was installed as Yuuzoo’s new company secretary. 

Read More -SGX terms to be known by everyone in the Singapore stock industry

“It is surprising that there were no separate announcements for the appointment and cessation of the company secretary,” says Mak. “In my view, there is also a question of a possible self-review threat and conflict of interest in having the compliance adviser and the company secretary from the same firm or affiliated firms.” Non-disclosure According to Mak, YuuZoo has so far also failed to disclose, in any SGX announcement or in its annual report, a lawsuit filed in the US District Court of New York in July 2015 involving the purchase of shares by the plaintiffs and a loan of US$245,000. 

The plaintiffs alleged a number of parties – including Yuuzoo and its executive chairman and co-founder, Thomas Zilliacus – had committed federal securities fraud, common law fraud, negligent misrepresentation, and breach of contract. “Among the allegations was that the defendants failed to disclose that YuuZoo had been unable to engage in a public offering or merge with a public company in the United States because of accounting irregularities, that sales of YuuZoo had been grossly inflated to raise capital and to facilitate its listing on SGX, and that inquiries into the inflation of sales by SGX had caused serious delays and jeopardised its listing on SGX Shares” says Mak. 

“Over the years, YuuZoo has had to issue responses to at least eight queries and follow-up queries from SGX and several other clarifications,” says Mak. “SGX had also issued two trade-with-caution warnings on YuuZoo’s stock.” “While SGX has clearly been monitoring YuuZoo and has taken regulatory action, one must question whether enough has been done, given the multitude of governance issues in the company,” he adds.

Singapore SGX Stock Market Hot Stock List of The Day

Today's Singapore Hot Stock List

• First Resources
• Wilmar Intl
• Confortdelgro
• Cordlife 

All above Stocks is for Intraday & Long Term traders..

Those wants to make profit from both the can use our Live SGX Stock Picks.

Our Yesterday Stock Picks:

BUY COMFORTDELGRO.SG ABOVE 2.85 TARGETS 2.95/3.05 STOP LOSS BELOW 2.75


Follow Up:

BOOK PARTIAL PROFIT IN COMFORTDELGRO.SG MADE HIGH OF 2.96 OUR 1ST TARGET 2.95 ACHIEVED

Get the Live SGX Stock Picks With 3 Days Free Trial Offer

  

Singapore Stock Market Has Been Open After 2 Days Closing

From todays SGX Stock market has been Open from today's.

And Roxy Holding Stock in Focus Today's market, with this JSH USD & Hong Leong Fin Stocks are also providing the profit from the market.

Know  all Stocks BUY/SELL Positions of the stocks with 3 Days Free Trial of live Stock Picks.   

Singapore Share Market News: Sembcorp Industries inked a Memorandum of Understanding with Chongqing Energy Investment Group

Share Market News: Sembcorp Industries has inked a Memorandum of Understanding (MOU) with Chongqing Energy Investment Group, one of the expansive scale combinations in speculation and industry in Chongqing, to investigate vital organization on a wide scope of advancement territories, in accordance with China's "One Belt, One Road" activity.

The MOU concentrates on a few key ranges of participation, including renewable vitality ventures, township improvement, property advancement and outline, designing and development ventures in Chongqing. It will likewise encourage the common sharing of mastery in cutting edge innovations, proficient worldwide administration and corporate administration frameworks.

Get the live Share Investment Picks & Recommendations with

 3 Days Free Trial Offer here

SGX Hot Stocks Update: SingPost Net Profit1H16

Hot SGX Stocks Update: Singapore Post (SingPost) reported a 26.9 percent expansion in 1H16 net benefit to $100 million, from the net benefit of $78.8 in 1H15 for the most part credited to an increment in income got.

All out income extended 20.1 percent to $517.8 million with proceeded with development in Logistics and Retail and eCommerce and the consideration of backups. Barring the effect of acquisitions and divestment of auxiliaries, income stays stable.

Mail income was adversely affected by the divestments of Novation Solutions and DataPost in 1Q16 and 2Q16 individually. Barring the effect of the divestments, Mail income stayed stable contrasted with the same period a year ago. The postage modification in October 2014 counterbalance the effect of declining conventional letter mail volumes.

However the irregular additions from the divestment of Novation Solutions ($8.4 million) and DataPost ($24.9 million) added to the working benefits of the gathering, which saw a 24.4 percent expansion to $122.2 million, and combined with offer of benefit of related organizations and joint endeavors growing 89.6 percent because of income development from 4PX Express, Indo Trans Logistics and GD Express, net productivity was helped essentially

Get the daily SGX stock market update with SGX Stock picks & Recommendations here.

Today's SGX Stocks Update: Singapore Post Stocks

Singapore SGX Stocks Update: Singapore Post (SingPost) has declared the procurement of TradeGlobal Holdings through its entirely claimed backup, Singapore Post Enterprise, for a thought of US$168.6 million.

TradeGlobal Holdings is a supplier of intergrated eCommerce enablement arrangements, including satisfaction, client care, logistics, web advancement, programming and advertising administrations for the style retail industry. TradeGlobal is headquartered in Cincinnati, Ohio , and keeps up satisfaction warehourses in Cincinnati and Shanghai, China.

The obtaining is done through an entirely possessed circuitous backup of the gathering, TG Acquisition Corporation.

The obtaining speaks to an extension of the bunch's eCommerce and eCommerce logistics organizations which are intergral parts of the bunch's key business columns. It will empower the gathering to offer an intergrated US and Asia eCommerce logistics answer for both the bunch's and TradeGlobal's clients.

Today SingPost Stocks in lime light and it will go high, before investment in Stocks market update is essential, with proper stock picks in downward & upward market . We are here providing profitable SGX Stock Picks with 3 Days Free Trial Offer.    

Know How to Reach Winning Stock With 4 Easy Ways

Conviction alone isn't sufficient to make a monetary master a champ in stocks  on the other hand, without conviction an individual theorist won't have the ability to stay steadfast to an unbelievable stock.

The fourth parcel in this plan of mental traps is about the fear of winning — or, put an exchange way, the inability to hold a winning stock.

It's basic to comprehend that IBD-sort helping isn't about fast fire trading of furor stocks, as a few people acknowledge. Your conclusive target is to recognize an unimaginable stock and develop an essential position on the way up with share investment ideas in Singapore.

.

IBD originator William J. O'neil's most prominent champs frequently included multiyear gets.

"Everything considered, we bought Pic "N" Save on 285 different days and held it for 7-1/2 years. When we finally sold it...our early purchases exhibited more than a 10-fold get," O'neil wrote in "How to Make Money in Stocks."

Distinctive stocks that O'neil rode for various years join Price Co., 1982-85; Google (GOOGL), 2004-07; and Apple (AAPL), 2004-07 (and Apple again after the bear business completed in 2009).

Holding a huge champ isn't just for the fresh budgetary master. The allurement is to take grabs carelessly. Budgetary news and appraisals can add to the issue.

As a stock ascensions, the valuation camp will wander forward, tsk-tsking about the high esteem benefit extent. Market watchers will pooh-pooh the remarkable association's new things, requesting that an opponent will spell the end. Analysts will cut back the stock. Permabears will request that the fiscal world is going to disintegrate.

How does a monetary authority hold a stock through all the hullabaloo, as yet offering share nvestment tips.

Four steps can offer support.

•Step 1: Know the association's story and essentials by and large. This will help you reject unjustifiable explanations behind caution.

•Step 2: Decide a procedure early. On the off chance that you have colossal increments in a stock and are induced by your investigation that the association could transform into a tremendous, multiyear champ, then you may decide to hold the stock through a base-building strategy. This infers you are avid to give back a bit of your expansion as the stock shapes the left 50% of a base.

•Step 3: Stay focused on the week by week chart. In case you are based on either consistently movement — or, more ghastly yet, intraday moves — you likely will be alarmed out of the stock. The after a long time diagram smooths the step by step noise.

•Step 4: Look for offer signals. Accept the stock has a horrible week. Study the layout. One terrible week doesn't basically mean you should offer a stock.

Ask yourself: Have any offer signs which can help you in your trade?