Seoul: Won, stocks take breather ahead of Yellen's speech

The South Korean won advanced on local exporters' demand on Friday, but gains were capped as traders looked ahead to a meeting of central bankers in Jackson Hole, Wyoming, with all eyes on a speech by Federal Reserve Chair Janet Yellen.

The won was quoted at 1,114.2 against the US dollar as of 0200 GMT, up 0.2 per cent versus its previous close.

"Trading is expected to be mixed throughout the session on exporters' dollar sales and caution over a US interest rate hike in the near-term," said Jung Sung Yoon, an analyst at Hyundai Futures.

South Korean shares sagged for a third session but like the won, trading was subdued ahead of Ms Yellen's speech later in the day at the annual gathering of central bankers. The focus is on whether Ms Yellen could provide more clarity on US rates outlook for the rest of the year.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

Read More

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

Read More

Australia, NZ dollars up slightly ahead of Yellen's take on Fed outlook

The Australian and New Zealand dollars were marginally up on Thursday as investors counted down to a much-anticipated speech by Federal Reserve Chair Janet Yellen for more clarify on the outlook for US interest rates.

The Australian dollar was up 0.2 per cent at US$0.7627. It is mostly unchanged so far this week, trapped in a tight range of US$0.7584 to US$0.7655.

The Aussie has added more than 5 per cent in the last two months but has been muted in August largely due to conflicting views on US monetary policy.

Investors are now looking to Ms Yellen's speech in Jackson Hole, Wyoming, on Friday for insight on the US monetary policy outlook.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

Read More

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

Read More

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

Read More

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

Read More

Australia shares gain on strong earnings; NZ hits another record

Australian shares climbed 0.8 per cent on Tuesday aided by broad-based gains across all sectors as sentiment was buoyed by better-than-feared results from several large companies in the earnings season so far.

The S&P/ASX 200 index rose 42.15 points to 5,557.20 by 0115 GMT. The benchmark lost 0.21 per cent on Monday.

Banks and healthcare stocks led gains, aided by strong earnings from healthcare services provider Healthscope which posted a nearly 19 per cent rise in full year profits.

Australian companies have fared well in the current earnings season which is almost halfway through, Deutsche and UBS analysts wrote in separate 'earnings review' notes.

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

Read More

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

Read More

Singapore shares close‬ mixed in line with weak Europe opening, O&G concerns

Wednesday put paid to hopes earlier in the day that the Straits Times Index could end the session in the black for the year.
After rising to an intraday high of 2,893, the index closed a net 4.79 points higher at 2,875.57, about seven points below its end-2015 level of 2,882. Turnover was relatively heavy at 886 million units worth S$1.2 billion and, excluding warrants, there were 202 rises versus 203 falls.
Banks were in focus, particularly DBS after it released its Q2 figures last week and disclosed its exposure to failed oil and gas (O&G) company Swiber Holdings.
Maybank Kim Eng maintained its "sell" on DBS, saying the latter's second-quarter results suggested that provisions may not be adequate and that there is broad-based asset quality deterioration in various areas including the O&G sector and in Hong Kong.


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

Read More

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.

---

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.

---

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.

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

Read More

SINGAPORE COMEX UPDATE BY EPIC RESEARCH

Oil edged higher to $42 a barrel on Wednesday after hitting its lowest since April the previous day, supported by an

industry report showing a fall in U.S. inventories and a weaker dollar.But prices could struggle to make much headway,

analysts said, as sentiment remains bearish. A supply glut that has weighed on prices could increase if oil exports actually

restart from ports in Libya that have been closed since 2014.

 Gold prices held steady below a two-year high in European trade on Wednesday, as investors looked ahead to key U.S.

data later in the session to gauge the health of the world's largest economy and whether it is strong enough to warrant

an interest rate hike later this year.The U.S. is due to release the ADP jobs report for July at 12:15GMT, or 8:15AM ET,

with market analysts expecting a gain of 170,000 private sector payrolls.

 Nickel futures rose during evening trade in the domestic market on Wednesday as investors and speculators booked

fresh positions in the industrial metal amid a pickup in physical demand for nickel from alloy-makers in the spot market.A

pickup in the 19-member Euro Area economy also bolstered the demand outlook for the metal as a combined

gauge measuring manufacturing and services in the Euro area climbed to 53.2 in July from 53.1 in June with a reading

above 50 signaling expansion.

 Bank of Japan Deputy Governor Kikuo Iwata said on Thursday that a comprehensive review of the central bank's monetary

policy due next month would focus on the transmission mechanism and obstacles to its monetary policy.The review

is not meant to transmit a specific direction for future monetary policy, Iwata said, according to the text of a

speech.

 A constitutional amendment proposed by interim President Michel Temer to put a ceiling on Brazil's public spending

will pass the lower house this year but not the Senate until 2017, lower chamber Speaker Rodrigo Maia said on

Wednesday.The proposed cap is the cornerstone of Temer's strategy to plug a bulging deficit inherited from the Workers

Party government of suspended President Dilma Rousseff, yet its impact on fiscal accounts will be delayed until it

wins Senate approval next year.

 The Bank of England is poised to cut interest rates for the first time since 2009 later on Thursday, as Britain's economy

teeters on the brink of recession after June's vote to leave the European Union.Although the BoE wrong-footed financial

experts three weeks ago by leaving rates unchanged, the central bank said most of its policymakers were likely to

support action in August as post-referendum uncertainty depressed the economy.

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

Read More

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.

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

Read More

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.


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

Read More

Epic Research Singapore : Microsoft & Nokia Market News Update

Microsoft is now officially the proud owner of Nokia's handset division. To say farewell, let's look at the rise and fall of this mobile pioneer. 

Nokia hasn't always been a phone manufacturer. The company dabbled in paper products, footwear and tires before it became involved in the wireless industry. Starting today, it begins a new chapter as its Devices and Services division gets swallowed up by Microsoft in a $7 billion deal. Change is in the air, but very little is known about what exactly will be different now that the two companies are coming together in holy matrimony. Neither party was legally allowed to discuss details about the acquisition in public.



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

Read More

Epic Research Singapore : Philips and Ericsson News Update

Royal Philips N.V. (PHIA.AE) and Ericsson ERIC +0.32% will team up to develop street lighting that combines LED lighting with mobile broadband connectivity in a move designed to capitalize on rapidly growing city populations and an increasing demand for mobile data traffic and energy-efficient lighting. 

Mobile network operators will be able to improve data coverage for citizens, said Ericsson President and Chief Executive Hans Vestberg.

The product, which was trialed last year, will be presented at the Mobile World Congress in Barcelona, which starts later Monday. 

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

Read More

Epic Research Singapore : HSBC Bank News Update

Shares of HSBC Holdings PLC HSBC -3.57% UK:HSBA -4.60% HK:5 -0.53% fell over 5% on Monday after the banking group posted a profit that fell short of expectations. Full-year 2013 pretax profit for HSBC rose 9% to $22.56 billion compared to $20.65 billion a year ago. A consensus forecast of analysts polled by Bloomberg News was calling for a profit of $24.6 billion. In the fourth quarter, pretax profit fell to $3.96 billion from $4.43 billion in the year-ago period.


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

Read More

Epic Research Singapore : U.K Market Update

Britain's services firms expect to hire more staff and make new investments in 2014 amid the best environment for expansion in a decade, according to a survey Monday.

Two-thirds of consumer-facing firms, such as hotels and bars, and 73% of accountants, lawyers and other business services firms polled by the Confederation of British Industry expect to expand this year, the CBI said Monday.

The poll adds to evidence that the U.K. economy will continue to expand this year after registering the strongest growth last year since 2007.

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

Read More

Epic Research Singapore : Sgx Budget 2014 News Update

For those living with their parents, parent relief increases from S$7,000 to S$9,000.

Parent relief will increase from S$4,500 to S$5,500 for those who do not live with their parents.

Relief will increase from S$11,000 to S$14,000 for those living with a handicapped parent.

For Singaporeans with a handicapped parent but are not living with them, parent relief will increase from S$8,000 to S$10,000.

The subsidies for SOC services for lower- and middle-income Singaporeans, currently at 50%, will be increased to 70% and 60% respectively. This will be implemented from September 2014.

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

Read More

Epic Research Singapore : S&P Market News Update

U.S. stocks stepped lower Friday and finished mostly down for the week, as the S&P 500 snapped a two-week winning streak that’s left it just below a record level.
The S&P 500 SPX -0.19%  dipped 3.53 points, or 0.2%, to close at 1,836.25, as telecoms fared worst and consumer discretionary performed best. The benchmark index lost 0.1% for the week, putting it 0.7% below its Jan. 15 record close of 1,848.38.

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

Read More

Epic Research Singapore : Sgx Budget 2014 News Update

The FY2014 Budget Statement will be delivered by Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam on Friday, 21 February, at 3.30pm in Parliament, the Ministry of Finance announced on Wednesday.The Budget Speech will be broadcast ''live'' over Channel NewsAsia, with Chinese translation on dual sound mode, and over the radio on 938Live.
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

Read More