Tuesday, October 13, 2015

Hot stocks to watch: SIA, ST Engineering, Tigerair, SPH REIT, Ley Choon, Duty Free

Here are some stocks to watch this Tuesday morning.

Singapore Airlines will receive its first Airbus A350 aircraft in January next year, which it plans to deploy to Amsterdam. The airline has a total of 63 A350-900s on firm order, plus purchase options for a further 20. It expects to take delivery of 11 planes in the first year of operation. SIA closed at $10.98 on Monday.

ST Engineering's aerospace arm secured new contracts worth $410 million in 3Q2015. The contracts were for projects ranging from airframe and component maintenance, to engine wash and pilot training. ST Engineering closed at $3.23 on Monday.

Tiger Airways Holdings carried fewer passengers in Sept 2015, falling 1.3% year-on-year (y-o-y) to 393,000. The stock closed at 39 cents.

SPH REIT posted a distribution per unit of 1.39 cents for its fourth quarter ended Aug 31. Gross revenue slipped 0.6% to $50.8 million, while net property income rose 0.4% to $38.2 million on lower costs. Units of SPH REIT closed at 96.5 cents on Monday.

Ley Choon Group Holdings's subsidiary, Chin Kuan Engineering and Contractors, has clinched a tender for a contract worth about $2.5 million by the Public Utilities Board. The stock closed at 3.8 cents.

Duty Free International reported a 21.9% y-on-y decline in 2Q earnings to RM9.4 million ($3.2 million). Revenue for the three months to August grew 9.7% to RM150 million, mainly due to the trading of duty free goods and non-dutiable merchandise segment. The stock last traded at 28 cents.

Markets

US stocks were little changed overnight, as investors braced for a busy week of quarterly results from major US banks and several Dow 30 companies. The Dow Jones industrial average rose 47.37 points, or 0.28%, to 17,131.86, the S&P 500 gained 2.57 points, or 0.13%, to 2,017.46 and the Nasdaq Composite added 8.17 points, or 0.17%, to 4,838.64.

Earlier, Singapore stocks closed higher following a positive performance in most Asian markets. The Straits Times Index ended the day 1.12% higher at 3,032.11. Market breadth was positive. Excluding warrants, gainers outnumbered decliners 296 to 147. A total of 1.81 billion shares worth about $1.36 billion changed hands.

 Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

0 comments:

Post a Comment