Singapore shares open marginally higher on Monday

SINGAPORE shares opened marginally higher on Monday, despite downward pressures seen during the opening of other Asian markets along with crude futures.

At 9.01am, the Straits Times Index was up 1.45 points at 2,845.47.

Some 168.9 million shares worth S$51.5 million changed hands. Losers outpaced gainers 53 to 49.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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Asia: Stocks cautious but oil price holds above US$50

Asia stocks markets moved cautiously in early trade on Friday despite a positive lead from Wall Street and further overnight gains in the price of oil.

US and European markets ticked up overnight, supported by a dovish outlook for US interest rates and some healthy post-Brexit data in Britain.

The oil price has also continued its upward trend, with Brent crude holding above US$50 a barrel on official data showing lower US crude stockpiles and hints of a possible production freeze.

But traders treaded carefully Friday morning, with Asian markets moving in and out of positive territory.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 lower on Fed split over raising rates

SINGAPORE shares opened lower on Thursday, following news that the US Federal Reserve's most recent policy meeting showed committee members were split on the issue of raising interest rates soon.

The benchmark Straits Times Index was down 3.69 points or 0.13 per cent to 2,839.66.

At 9.06am, 59.5 million shares worth S$63 million had changed hands, with losers beating gainers 63 to 62.

Some of the most active counters were Singtel, Ezion Holdings and Magnus Energy.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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Ex-BSI Asia CEO Brunner settles Singapore bonus suit with bank

Hanspeter Brunner, BSI SA's former Asia chief who was referred to Swiss and Singapore regulators over the bank's ties with a Malaysian state firm, has settled a lawsuit seeking deferred payments, according to the bank's lawyer.

Mr Brunner's lawsuit alleged that BSI's Singapore unit breached bonus agreements and a separation pact without any legal basis. Mr Brunner, 64, was among six BSI bankers referred by Singapore's central bank to prosecutors over lapses in dealing with 1Malaysia Development Bhd (1MDB).

He's also one of two former BSI executives the Swiss financial regulator has started proceedings against. Mr Brunner's retirement was announced in March.

"Hanspeter Brunner has withdrawn his claim against the bank in its entirety," Muralli Rajaram, a Singapore-based lawyer for BSI, said Thursday by phone, confirming the settlement.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 home prices rise 7.9% year on year in July

Average new home prices in China's 70 major cities rose 7.9 per cent in July from a year earlier, an official survey showed on Thursday.

That compared with a 7.3 per cent increase in June.

Home prices in Shenzhen and Xiamen had the biggest surge, rising 40.9 per cent and 39.2 per cent, respectively, from a year ago.

The booming property market has been a key driver of China's economic growth in the first half of the year as weak demand at home and abroad continue to take a toll on trade and investment.

But concerns are growing that the property rebound may be coming to an end as local governments tighten restrictions on home purchases to cool sharp price rises, which are sparking fears of asset bubbles.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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Singaporesharesopen higher on Wednesday

SINGAPORE share prices opened 0.46 per cent higher on Wednesday with the Straits Times Index up 13.08 points to 2,883.86 at 9.03am.

This was despite Tokyo stocks opening lower on Wednesday as a stronger yen hit exporters. But on Wall Street, the Nasdaq composite rose to a record-high close on Tuesday while other major indices hovered near their own recent all-time highs in a session with thin trading volume.

On the Singapore bourse, the highest value traded stocks were Singapore Telecommunications (flat at S$4.20), DBS Bank (down 10 cents to S$14.94) and #JardineMatheson Holdings (down 17 US cents to US$57.59).

Overall on the stock market, 57.1 million shares worth S$137 million changed hands. Gainers outnumbered losers 99 to 33 as at 9.03am.
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FTSE‬ Value-Stocks ASEAN strongest of the FTSE Value-Stocks Indices in 1H16

The FTSE Value-Stocks ASEAN Index was the strongest performer of the six Asia focused FTSE Value-Stocks Indices in the first half of 2016 with an 8.2% gain compared to an average decline of 13.0% for the five FTSE Value-Stocks Indices covering China, Hong Kong, Japan, Korea and Taiwan.
Singapore maintains 12 constituents within the FTSE Value-Stocks ASEAN Index. These 12 stocks made up 31.3% of the Index weights as of the end of June. These 12 stocks also averaged a 4.8% total return in the year through to the end of last week, taking their average five-year total return to 31.3%.
Relative to their capitalisation size, the most actively traded of the 12 stocks over the past three months have been Ascendas REIT, Keppel Corporation and Yangzijiang Shipbuilding Holdings. 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 opening update shares open 0.1% up on Friday

SINGAPORE shares opened 0.1 per cent higher on Friday, with the Straits Times Index advancing 2.47 points to 2,540.75 as at 9am.

The blue-chip index inched up after US Federal Reserve chair Janet Yellen said she was not taking negative rates off the table.

About 27 million shares worth S$47.6 million changed hands, which worked out to an average unit price of S$1.76 per share.Click Here To Register For Free
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AirAsia Market News Update : Epic Research Singapore

Indonesia sent divers into the water on Sunday to examine wreckage from AirAsia Flight 8501, but operations slowed overall, with the weather allowing divers to enter the water only briefly.

A week after the Airbus A320 crashed into the Java Sea with 162 people aboard, Indonesia’s search-and-rescue agency said Sunday that sonar imaging revealed a fifth large object in a search area off the southwest coast of Borneo, measuring nearly 10 meters (about 32 feet) in length. The agency said Saturday that it had found four main parts of the jetliner, with the largest measuring about 18 meters, on the seafloor. Divers haven’t made contact with that wreckage.

A total of 34 bodies had been recovered as of Sunday evening, and all had been sent to Surabaya, a port city on Java island where the flight originated, Soelistyo told reporters in Jakarta. But operations slowed overall on Sunday, with the weather allowing divers to enter the water only briefly.


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AirAsia Market News Update : Epic Research Singapore

Shares in AirAsia fell 11.6 per cent after one of its aircraft went missing in bad weather on Sunday on its way to Singapore from the Indonesian city of Surabaya.

Shares of the Malaysia-based budget airline fell at the start of trade on Monday, after Indonesia resumed its search for the missing jetliner QZ8501 at first light on Monday.

AirAsia fell as much as 12.9 per cent to 2.56 ringgit at 0102 GMT, its lowest point since Nov 28. The stock has gained 21.4 per cent since the beginning of the year.

Indonesia AirAsia is 49 per cent owned by Malaysia-based budget carrier AirAsia, with local investors holding the rest. The AirAsia group, including affiliates in Thailand, the Philippines and India, has not had a crash since its Malaysian operations began in 2002.

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AirAsia Market News Update : Epic Research Singapore

Indonesia searched the Java Sea on Monday for an AirAsia plane carrying 162 people that went missing after its pilot failed to gain permission to alter course to avoid a storm cell during a flight from Indonesian city of Surabaya to Singapore.

Flight QZ8501 did not issue a distress signal and disappeared five minutes after requesting a change of course on Sunday, said government and transport officials.

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AirAsia Market News Update : Epic Research Singapore

AirAsia's 4th update on QZ8501

The following is AirAsia's latest press statement (as at 11.45pm, Dec 28) on behalf of AirAsia Indonesia, on AirAsia Indonesia flight QZ8501.

Earlier in Surabaya, the management of AirAsia along with the Governor of East Java, National Search and Rescue Agency of Republic of Indonesia (BASARNAS), Airport Authority of Indonesia, Airport Operator (Angkasa Pura I) met with the members of the families to update them on the latest developments and reconfirmed their commitment to providing assistance in every possible way.

Sunu Widyatmoko, CEO of AirAsia Indonesia said, "We are deeply shocked and saddened by this incident. We are cooperating with the relevant authorities to the fullest extent to determine the cause of this incident. In the meantime, our main priority is keeping the families of our passengers and colleagues informed on the latest developments."

"We will do everything possible to support them as the investigation continues and have already mobilized a support team to help take care of their immediate needs, including accommodation and travel arrangements. A briefing center has also been set up in Surabaya for the families."

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AirAsia Market News Update : Epic Research Singapore

Indonesia resumed at dawn Monday the search for an AirAsia plane that went missing in the Java Sea with 162 people on board, a search and rescue official said.

"We have resumed the search for the missing AirAsia plane at 6:00 am. We are heading to east Belitung island," Tatang Zainuddin, deputy operations chief of Indonesia's National Search and Rescue Agency (Basarnas) told AFP.

The Airbus A320-200 disappeared en route from Surabaya in Indonesia's east Java to Singapore after the crew requested a change of flight plan due to stormy weather, in the third crisis for a Malaysian carrier this year.

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AirAsia Market News Update : Epic Research Singapore

TWO Singapore planes will set off early on Monday morning to assist with the continuing search for Flight QZ8501, the Indonesia AirAsia aircraft which has gone missing.

In a joint statement, the Singapore Transport Ministry and the Civil Aviation Authority of Singapore (CAAS) said the CAAS will also be sending an officer to the Indonesian National Search and Rescue Agency in Jakarta to help in the coordination of the search operations.

On Sunday morning, the Singapore Rescue Coordination Centre (SRCC) - managed by CAAS and supported by various agencies, including the Republic of Singapore Air Force (RSAF) and the Republic of Singapore Navy (RSN) - had offered assistance to BASARNAS, the Indonesian National Search and Rescue Agency.

The SRCC had offered planes and ships to assist in the search and received confirmation from the Indonesian authorities in the afternoon on the acceptance of the offer. The SRCC then launched a C130 aircraft for the search on Sunday.

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AirAsia Market News Update : Epic Research Singapore

AirAsia flight carrying 162 people goes missing in Southeast Asia: officials

Indonesia's air force was searching for an AirAsia plane carrying 162 people that went missing on Sunday after the pilots asked to change course to avoid bad weather during a flight from the Indonesian city of Surabaya to Singapore.

Indonesia AirAsia Flight QZ8501, an Airbus 320-200, lost contact with Jakarta air traffic control at 6:17 am. (2317 GMT), officials said. "The aircraft was on the submitted flight plan route and was requesting deviation due to enroute weather before communication with the aircraft was lost," the airline said in a statement.

No distress signal had been sent, said Joko Muryo Atmodjo, air transportation director at Indonesia's transport ministry.

Indonesia AirAsia said there were 155 passengers and seven crew on board. It said 156 were Indonesian, with three from South Korea and one each from Singapore, Malaysia and France.

Both neighboring Singapore and Malaysia had offered to help in the search, officials said.

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AirAsia Market News Update : Epic Research Singapore

Shares of AirAsia Bhd (5099.KU), Southeast Asia's largest discount carrier by fleet, Thursday fell to its lowest level in three weeks after reporting a 85% fall in third-quarter net profit.

The stock opened 2.0% lower at 2.41 ringgit a share ($0.72) and hit a low of 2.38 ringgit, its lowest since Oct. 30, in early trade on the Malaysian stock exchange. AirAsia was traded at 2.39 ringgit at 0130 GMT, valuing the company at about 6.6 billion ringgit.

AirAsia's July-September net profit fell to 5.4 million ringgit from 35.5 million ringgit a year earlier as borrowing costs surged 25% and the budget airline incurred a deferred tax of 10.5 million ringgit. Operating cost also increased. Revenue however rose 3.1% to 1.32 billion ringgit from 1.28 billion ringgit a year earlier, aided by an increase in passengers.

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AirAsia Market News Update : Epic Research Singapore

AirAsia Bhd will partner with online retailer Rakuten Inc to set up a discount carrier in Japan, marking the second attempt by the Malaysian budget carrier to expand in the Japanese market.

AirAsia's partners will also include Noevir Holdings Co Ltd , sporting goods company Alpen Co Ltd and Octave Japan Infrastructure Fund, AirAsia Japan CEO Yoshinori Odagiri told a news conference in Tokyo on Tuesday.

The carrier will fly both domestic and international routes, Odagiri added. Details about the how much the airline would cost and the partnership stakes was not immediately available.

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