Taiwan: Stocks fall on weaker overseas markets, technical selling in TSMC

Taiwan stocks fell on Monday tracking weakness in overseas markets and on technical selling in heavyweight chipmaker TSMC.

Most Asian shares slipped in early trade on Monday after Federal Reserve Chair Janet Yellen indicated a possible rate hike in the US later this year.

As of 0244 GMT, the main TAIEX index fell 0.7 per cent to 9,070.84, after closing up 0.2 per cent in the previous session.

The electronics subindex fell 0.7 per cent, but the financials subindex gained 0.1 per cent.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

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Singapore shares open 0.4% down on Monday

SINGAPORE stocks opened 0.4 per cent lower on Monday, with the Straits Times Index shedding 10.95 points to 2,846.7 as at 9am.

The blue-chip index was dented by indications from Fed officials that a rate hike is on the way this year.

About 36.3 million shares worth S$37.3 million in total changed hands, which worked out to an average unit price of S$1.03 per share.

Top stocks by value traded included Jardine Matheson, Keppel, Singtel, OCBC and DBS.

Losers outnumbered gainers 73 to 49, or about three down for every two up.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

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US dollar dips as dealers hope for US rate policy clues

The US dollar dipped Friday as dealers focus on a speech by Federal Reserve boss Janet Yellen later in the day they hope will supply fresh clues about the central bank's outlook for the US economy and monetary policy plans.

Markets hope Ms Yellen will provide some guidance in her remarks to the annual global bankers' symposium in Jackson Hole, Wyoming later Friday.

Her speech comes as leading central banks have proven unable to convincingly reverse a broad economic slump, despite years of ultra low borrowing costs and stimulus.

Divergent views from Fed officials in recent weeks have kept markets guessing about the bank's intentions.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

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Taiwan: Stocks flat on caution in overseas markets, financial shares slip

Taiwan stocks were nearly unchanged on Friday in cautious trade as bellwether financial shares slipped and on weakness in overseas markets.

As of 0209 GMT, the main Taiex index was little changed at 9,113.28, after closing 1.1 per cent higher in the previous session.

The electronics subindex fell 0.2 per cent, while the financials subindex gained 0.1 per cent.

Shares in CTBC Financial were up 0.3 per cent.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

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China's yuan firms vs dollar, focus on Yellen's Jackson Hole speech

China's yuan firmed on Thursday, underpinned by a modest pullback in the dollar index in Asian morning trade though activity remained subdued.

Trading was cautious ahead of the global central bankers' gathering in Jackson Hole, Wyoming, where Federal Reserve Chair Janet Yellen's speech on Friday may offer fresh clues on US monetary policy outlook.

"Signals on US monetary policy trend appear quite mixed of late," said a trader at a European bank in Shanghai.

"So (Chinese) banks choose to take a wait-and-see attitude, not to quote yuan/dollar rates aggressively. As such, the yuan's movements this morning were quite insignificant."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

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Singapore shares open 2.24 points higher on Thursday

SINGAPORE share prices opened higher on Thursday, with the Straits Times Index up 2.24 points or 0.08 per cent to 2,871.81 as at 9.04am, despite losses on Wall Street overnight.

Top gainers in early-morning trade included DBS and UOB.

Some 31.5 million shares worth S$52.9 million changed hands, with losers outnumbering gainers 68 to 46.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

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Singapore stocks open 0.1% lower on Wednesday

SINGAPORE stocks opened lower on Wednesday, with the Straits Times Index shedding 0.1 per cent or 2.93 points to 2,847.50 as at 9.04am.
Gainers outnumbered losers 80 to 51, or more than three up for every two down, with 51.7 million shares worth S$43.8 million traded.

Noble Group was among the most active stocks out of the gate, gaining 0.8 per cent or 0.1 Singapore cent to change hands at 13 Singapore cents.

CNMC Goldmine, which has announced an extension of its mining lease, rose 2.7 per cent or 1.5 Singapore cents to 58 Singapore cents.

Among the index stocks, Jardine Cycle & Carriage slipped 0.2 per cent or seven Singapore cents to S$43.03.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

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SGX issues trading queries to Magnus Energy, New Silkroutes

SINGAPORE Exchange (SGX) on Tuesday issued trading queries to two listed companies, Magnus Energy and New Silkroutes Group, for "unusual movements" in their counters.

The movements in Magnus Energy's shares prompted a query from the bourse operator, which noted this is the second query issued to the company in the past four months.

Magnus Energy had topped the list of the most active counters by volume in early-morning trade on Tuesday. As at 11.05am, the stock was still the most heavily traded, with 318.8 million shares changing hands.

Separately, New Silkroutes' counter rose 6.5 per cent or 3.5 Singapore cents to S$0.575 at 11.07am, with more than 1.1 million shares changing hands.

SGX noted this is the second query issued to New Silkroutes in the past one month.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

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Stocks to watch: SGX, SATS, Ezra, Lippo Malls

SINGAPORE Exchange (SGX): The Baltic Exchange's board hasunanimously recommended that its shareholders vote in favour of Singapore Exchange's (SGX) proposed acquisition, where the former will be acquired by the local bourse operator's indirect wholly owned subsidiary.

Currently, 74 per cent of total votes are in favour of the acquisition. For the acquisition to go through, at least 75 per cent of total votes are needed, in addition to approval from the Financial Conduct Authority in the UK and sanction of the scheme by the UK court.

SATS: The gateway services and food solutions provider has become the first international cargo handler to operate in Saudi Arabia, after its subsidiary, SATS Saudi Arabia LLC, obtained a cargo-handling concession for 221/2 years at Dammam's King Fahd International Airport.

The S$40 million new cargo terminal will be SATS's largest green-field investment to date.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

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DBS results to kick off a difficult week for stocks

ALTHOUGH Wall Street's Friday rebound will help shore up sagging sentiment, it will be DBS's second quarter earnings announcement on Monday - one of the most closely watched events in local market history - that will set the early tone.

Traders need no reminding why - apart from wanting

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Stocks to watch: DBS, Eu Yan Sang, China Sky Chemical Fibre, International Healthway

DBS Group: DBS reported on Monday that its net profit for the second quarter of 2016 was S$1.05 billion, down 6 per cent from a year ago due to a net allowance charge of S$150 million for DBS' exposure to the Swiber group.

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Eu Yan Sang: Eu Yan Sang on Monday warned that the offeror is not entitled to 

compulsorily exercise shares still held by minority shareholders, and shareholders who have not accepted the offer are likewise not entitled to exercise any rights to require the offeror to acquire their shares. All acceptances of the offer must be received no later than 5:30pm on Aug 15, 2016.

With the public float of its shares having fallen below the minimum free float requirements of 10 per cent, the Singapore Exchange may suspend the trading of the shares after the close of the offer, it said.

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China Sky Chemical Fibre: The firm on Monday requested a trading halt with immediate effect. In a filing to the Singapore Exchange (SGX), under "reasons for trading halt", the chemical fibres manufacturer said: "Pending company's response to SGX's queries on whether there are any unannounced lawsuits. The board of directors of the company is in the process of ascertaining the state of affairs of the company and whether the company is able to operate as a going concern.

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Singapore stocks trade higher on Monday

SINGAPORE'S stock markets opened higher on Monday with the benchmark Straits Times Index up 23.15 points or 0.82 per cent at 2,851.32 by 9.04am. This followed gains from the US on Friday and Tokyo markets on Monday.

Tokyo stocks opened sharply higher on Monday following another record on Wall Street after traders welcomed strong US jobs data. The benchmark Nikkei 225 index rallied 1.28 per cent, or 207.84 points, to 16,462.29 in opening deals, while the broader Topix index of all first-section shares soared 1.23 per cent, or 15.71 points, to 1,295.61.

On Singapore's bourse, some 79.9 million shares worth S$81.9 million had changed hands by 9.04am, with gainers outnumbering losers 109 to 51.

The three local banks were among the highest value traded counters, with UOB up seven cents to S$18.00, DBS up seven cents to S$14.90, and OCBC up nine cents to S$8.40.
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Singapore shares close lower on weak Wall Street, soft oil and Swiber's woes

THE global post-Brexit rally appears to be fast running out of puff - on Tuesday, the Dow Jones Industrial Average which set several all-time highs last month, fell for the seventh consecutive session, no doubt a factor behind the Straits Times Index's (STI) 29.09 points loss on Wednesday at 2,827.58.
From June 27, two trading days after Britain voted to leave the European Union, the STI had jumped from 2,729 to 2,945 on July 20, a gain of 216 points or almost 8 per cent in less than a month.

That rally has widely been attributed to faith in the Bank of England and Bank of Japan providing liquidity support for their economies via their markets, and on the US Federal Reserve delaying raising US interest rates.

Since then, a combination of weak oil, a loss of confidence in the potency of central bank action and locally, the shock bankruptcy of offshore and marine (O&M) company Swiber Holdings have taken 118 points or 4 per cent off the index, dragging it 1.9 per cent into the red for the year so far.Also contributing to Wednesday's softness was a steep slide in Hong Kong where the market played catch-up after being closed on Tuesday because of a typhoon, and a weak day for the Dow futures that raised the possibility that the US benchmark could fall for an eighth straight day on Wednesday.

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China promises more monetary easing to spur growth

China’s top economic planner pledged to reduce companies’ financing costs by cutting interest rates as downward pressure on economic growth increases.

Decision makers will lower benchmark interest rates and banks’ reserve requirement ratio at appropriate times, the research department of the National Development and Reform Commission said in a statement on its website Wednesday.

The government will work at easing financing difficulties faced by private firms by setting up government-led guarantee firms, the NDRC said.

The planning agency also said the government will offer more incentives for home buyers, such as subsidies, in some cities to help sell new homes.

An official gauge of the country’s factory activity showed a contraction for the first time in five months. China’s official manufacturing purchasing managers index edged down to 49.9 in July from June’s 50, a mark that separates expansion from contraction, official data showed Monday.

The central bank last lowered banks’ reserve requirement ratio, or the portion of deposits it asks banks to set aside as reserves, in March and cut benchmark interest rates October last year.
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‪Updatedhotstock‬ Noble tumbles in active trade, prompting SGX query

THE share price of ‪#‎NobleGroup‬ tumbled more than 15 per cent in active trade on Tuesday, prompting a query from the Singapore Exchange (‪#‎SGX‬) on its trading activity.

At 03:59pm, Noble was trading at S$0.137 a share, down S$0.025, or 15.432 per cent. More than 272 million shares changed hands, making the commodities group the most actively traded stock on SGX.

In a reply to the regulator's query, Noble said it was unaware of any possible explanation of the trading, and confirmed that it was in compliance with the listing rules.

Asked for a reason for the latest tumble, a broker attributed the sell-off to the prevailing negative market sentiment towards debt-ridden companies with weak balance sheets.

As of March 31, 2016, Noble's cash and cash equivalents stood at US$1.35 billion, compared to US$1.95 billion at the end of 2015. It had about US$3.69 billion in net debt.

The stock has been trodden on by all sorts of downgrades by ratings agencies and the "buy" recommendations have virtually disappeared. To Know More Updates Register Here

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Singaporeshares close lower on Thursday as oil and gas stocks tumble

THE Singapore market fell 0.78 per cent on Thursday, with the Straits Times Index dropping 22.87 points to 2,918.62 as investors sold down oil and gas counters.

About 1.25 billion shares worth S$878 million in total changed hands, which worked out to an average unit price of S$0.70 per share.

Losers outnumbered gainers 246 to 163, or about three down for every two up.

News of Swiber Holdings' winding-up application on Thursday took the market by surprise, and continued to dog the already-beleaguered oil and gas sector throughout the trading session.


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Yoma’s 1Q17 earnings drop 28.6% to $1.8 million on softer property-related sales

Myanmar-focused business conglomerate, Yoma Strategic Holdings, reported a decrease in earnings to $1.8 million for the three months ended 30 June 2016 in 1Q17.

Revenue fell 22.4% to $17.6 million in 1Q17 from $22.7 million in 1Q16. The bulk of Yoma’s revenue was driven by the group’s consumer and automotive & equipment businesses, as well as from investment properties, which offset the lower revenue from its sales of residences and land development rights.

Revenue from the group’s non-real estate businesses recorded a 37.2% growth to $9.6 million. The group’s Case New Holland business contributed $5.6 million or 58.6% of its non-real estate revenue. The group’s fleet leasing business expanded to 359 vehicles under lease with growing demand from organisations expanding their operations in Myanmar. The group’s KFC business also continued its growth momentum with two new stores openings in April and June which brought the total store count to six as at end of June 2016.

Other income increased to $11.8 million in 1Q17 from $1.6 million in 1Q16, mainly driven by the fair value gain of $10.3 million from the group’s telecommunications towers investment.

Administrative expenses increased to $12.6 million in 1Q2017 as compared to $8.4 million in 1Q2016. The increase was mainly due to higher staff cost.

“The real estate market remained sluggish but is seeing signs of recovery, and we have received encouraging feedbacks from our recent launch of the townhouses in Pun Hlaing Estate,” says Melvyn Pun, CEO of Yoma.

“The real estate market remains a bit uncertain as the new government introduced its policies for the sector, although there are signs of a recovery from last year’s slow down. I am confident that the long term outlook for the country and its economy, and in turn, Yoma Strategic, remains bright.”

Yoma last traded at 60 cents on Monday.

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AA REIT posts 1Q DPU of 2.75 cents

The manager of AIMS AMP Capital Industrial REIT (AA REIT) has announced a DPU of 2.75 cents for the 1Q ended June, unchanged from the same period a year ago.

Gross revenue came in at $29.2 million in the first quarter, thanks to a property tax refund of $1.1 million. Net property income improved by 1.0% to $20.4 million compared to a year ago while distribution to unitholders was $17.5 million.

CEO Koh Wee Lih of AIMS AMP Capital Industrial REIT Management Limited, AA REIT’s manager, says: “We increased net property income with proactive asset and lease management focused on managing cost while maintaining prudent gearing of 33.1%, and continued on our strategy to unlock organic growth from our portfolio. Our redevelopments at 30 & 32 Tuas West Road and 8 & 10 Tuas Avenue 20 are tracking on time and budget and will further grow our portfolio value upon completion.”

As at end June, approximately 67% of AA REIT’s redevelopment at 30 & 32 Tuas West Road has been completed. Upon completion, the property will boost annual rental income four-fold to $4.15 million which is already 100% pre-committed. Meanwhile, demolition work at 8 & 10 Tuas Avenue 20 will be completed by end of this month, with the target completion in 2H of 2017.

In its outlook, AA REIT, which has a diversified portfolio of income-producing industrial real estate located throughout the Asia Pacific, will continue its proactive approach in managing its assets and leases to help navigate the short-term volatility and these challenging market conditions

Units of AA REIT closed 0.3% higher at $1.465.

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MapletreeLog, PLife, Yoma, Noble, Katrina, Fortune REIT

Here are some stocks that could move the market this Tuesday morning:

Mapletree Logistics Trust (MLT) has posted a distribution per unit of 1.85 cents for 1QFY2017, unchanged from the DPU declared in 1QFY2016. For the quarter to June, revenue rose 5.3% to $89.6 million with the full contribution from three properties acquired in Australia, Vietnam and Korea in FY2016. The group also recognised revenue from the completed extension building in Moriya Centre in Japan and higher revenue from existing properties in Hong Kong. Units in MLT closed at $1.06 on Monday.

Parkway Life REIT (PLife REIT) has declared a 2Q DPU of 3.01 cents, which is 10.2% lower than the DPU of 3.35 cents a year ago. This was due to the absence of one-off distribution of divestment gain recorded for the corresponding period in 2015. PLife REIT closed 1.59% higher at $2.55 on Monday.

Yoma Strategic posted a 28.6% drop in 1Q earnings to $1.8 million from $2.6 million a year ago. Revenue fell 22.4% to $17.6 million from $22.7 million. This revenue was largely driven by the Group’s Consumer and Automotive& Equipment (Non-Real Estate) businesses and its rental revenue from investment properties, which offset the lower revenue from its sales of residences and land development rights (LDRs). Yoma closed at 60 cents.

Noble Group says valid acceptances for 6.3 billion shares and excess applications for 5.1 billion shares representing 95.7% and 78% of the total rights shares available for application were received at the close of the rights issue on July 21. As applications were received for a total of 11.4 billion rights shares out of the 6.5 billion rights shares available for subscription, Noble’s rights issue was 173.7% subscribed. Shares of Noble closed 1.8% lower at 17 cents.

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SGX Singapore Opening Market Update : Epic Research Singapore

SINGAPORE share prices opened lower on Tuesday with the Straits Times Index down 18.59 points or 0.63 per cent to 2,911.26 as at 9.01am. Wall Street closed lower overnight.

Top losers in early-morning trade included UOB and DBS.

Some 55.7 million shares worth S$60.6 million changed hands, with losers outnumbering gainers 70 to 54.

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