Stocks to watch: CapitaLand Mall Trust, Rickmers, SGX, China Minzhong Food

THE following companies made material announcements before the opening of Wednesday's market:

CapitaLand Mall Trust said that the new Funan mall, when ready in the fourth quarter of 2019, will be a platform that "inspires retail innovation" and offers a "new paradigm" for living, work and play.

Funan will go beyond selling IT products to "incorporating the tech experience throughout the entire integrated development".

The new property will have a total gross floor area (GFA) of 887,000 sq ft. Occupying more than half the GFA at 500,000 sq ft will be the mall, a six-storey retail component which comprises four levels above ground and two basement levels. Three towers will sit above, including two six-storey premium Grade A office towers from Level 5 to Level 10 with a GFA of 266,000 sq ft, and a nine-storey block housing 279 co-living apartment units from Level 4 to Level 12 with a GFA of 121,000 sq ft.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: Shares advance, Australia slips as RBA rate decision awaited

Asian shares edged up on Tuesday as investors awaited the Reserve Bank of Australia's policy meeting in which it is expected to keep interest rates steady.

European stocks touched an eight-month high on Monday, then reversed as trading wound down in the absence of US markets, which were closed for Labor Day.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3 per cent.

Australian shares slipped 0.3 per cent ahead of the RBA's announcement at 0430 GMT.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 up with some overseas markets, foreign buying

Taiwan stocks rose on Tuesday tracking gains in some overseas markets and supported by foreign investors buying shares.

As of 0158 GMT, the main Taiex index rose 0.6 per cent to 9,144.96, after closing up 1.1 in the previous session.

The electronics subindex rose 0.9 per cent, while the financials subindex gained 0.2 per cent.

Tech component makers were among actively traded stocks. Optical storage device maker Ritek was up 2.1 per cent, while printed circuit board maker Compeq was 3.5 per cent higher.

Foreign investors have net purchased local shares so far in September, adding to their net buying for the past three months in a row.

The purchases have strengthened the Taiwan dollar to levels not seen since mid-August.

The Taiwan dollar firmed NT$0.092 to NT$31.414 per US dollar.

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Singapore shares open marginally higher on Tuesday

SINGAPORE stocks opened 0.23 per cent higher on Tuesday, with the Straits Times Index adding 6.51 points to 2,858.25 as at 9am.

Wall Street was closed on Monday for the Labour Day holiday. Trading on US markets will resume on Tuesday.

In Singapore, about 41 million shares worth S$65.6 million in total changed hands. Gainers beat losers 61 to 40.

Top stocks by value traded were StarHub, Global Logistic and SGX.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: SMRT, Sim Lian, Yangzijiang

THE following companies made material announcements before the opening of Tuesday's market:

SMRT Corporation said that a scheme meeting will be convened on Sept 29, 3.30pm, at The Star Theatre, Level 5 - same day and venue as the NRFF EGM. The latter is the EGM of the company in relation to the proposed sale of its operating assets, in connection with the contemplated transition from the current rail financing framework to the new rail financing framework (NRFF).

The meeting - through a shareholders' vote - will determine if Belford (a 100 per cent owned company of Temasek) will acquire 100 per cent shareholding of SMRT at a scheme price of S$1.68 apiece.

Sim Lian Group (SLG) said that the privatisation offer of the company by Coronation 3G has been declared unconditional.
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Asia: Markets rally as US rate expectations fade

Asian stock markets rallied on Monday as a slowdown in US jobs creation doused expectations for an interest rate hike this month while at the same time showing the world's top economy was still improving.

The much-anticipated reading on Friday showing 151,000 new posts in August was below expectations but indicated hiring remained solid.

Before its release analysts had marked the reading as a guide to the Federal Reserve's plans for monetary policy after the bank's boss Janet Yellen - and later her vice chairman Stanley Fischer - suggested a rate rise could come this year.

While most market-watchers suggested the below-par reading was likely to mean the Fed will hold off moving this month, there are still some who think a hike could still come soon, providing support to the dollar.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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NOL delists from SGX on Monday

NEPTUNE Orient Lines (NOL) shares have been delisted from Singapore Exchange (SGX), with effect from 9.00am on Monday.

France-based CMA CGM said that it has completed the exercise of its rights of compulsory acquisition of all the shares held by NOL shareholders who had not accepted the all-cash voluntary conditional general offer, at a price per share of S$1.30, equal to the offer price.

CMA CGM added that the transfer of all the remaining shares that have been compulsorily acquired has been effected, and that payment for such shares has been despatched.

NOL is now a wholly-owned subsidiary of CMA CGM.

NOL had also on Monday obtained the waivers and approval from SGX for its delisting.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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Seoul: Won, stocks rise as Federal Reserve's Sept rate hike seems unlikely

The South Korean won and shares rose to their strongest in over two weeks early on Monday as weaker than expected US jobs data reduced speculation on an imminent increase in US interest rates.

The won was quoted at 1,109.3 per US dollar as of 0208 GMT, up 0.7 per cent compared to the previous close of 1,117.2.

The Korea Composite Stock Price Index (Kospi) was up 0.8 per cent at 2,055.58 points.

The currency and the stocks were both at their strongest since Aug 19 of this year.
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AIG raises HK$1.49b by selling remaining PICC P&C shares

American International Group has raised about HK$1.49 billion (S$261.34 million) by selling its remaining shares in Chinese insurer PICC Property and Casualty Co Ltd, IFR reported.

AIG sold 111 million shares at HK$13.46 each after marketing the deal at a floor price of HK$13.39. The shares ended Friday at HK$13.46.

AIG bought PICC P&C shares ahead of the Chinese insurers'Hong Kong IPO in 2003 and has been steadily selling down its shares over the past two years.

Including the latest sale, the US insurer has raised about US$2.8 billion, according to Reuters calculations.

AIG did not respond to Reuters' request for comment, while PICC P&C could not be reached.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 1.13% higher on Monday after weak US job data

SINGAPORE stocks opened 1.13 per cent higher on Monday, with the Straits Times Index adding 31.63 points to 2,835.55 as at 9am.

This followed weaker-than-expected US August jobs data released on Friday, which reports have said will reduce the odds for a US rate hike this month.

In Singapore, about 50.1 million shares worth S$73.4 million in total changed hands. Gainers almost tripled losers at 98 to 32.

Top stocks by value traded were Singtel, DBS and Singapore Exchange.

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Seoul: Won edges up ahead of US August non-farm payrolls report

The South Korean won inched up early on Friday in cautious trade ahead of the much-awaited August US non-farm payrolls report later in the day - which could give a clearer view on a potential Fed rate hike.

The won was quoted at 1,119.1 as of 0155 GMT, up 0.3 per cent compared with Thursday's close of 1,122.1.

News that a gauge of US national factory activity fell in August for the first time in six months added to the tentative mood.

"The dollar weakened broadly on the weak factory data but cautious investor environment is keeping the won from extending gains," said Jeong My-young, a foreign exchange analyst at Samsung Futures.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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Malaysia: Shares open higher

MALAYSIA share prices opened higher on Friday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 4.050 points to 1674.600.

Volume was 19.81 million lots worth RM8.65 million.

Gainers outnumbered glosers 73 to 32.

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Singapore shares open 0.3% down on Friday as traders await US jobs data

SINGAPORE stocks opened 0.3 per cent lower on Friday, with the Straits Times Index dropping 9.23 points to 2,807.24 as at 9am.

Traders are watching the release of US jobs data later tonight, as strong job gains will increase the certainty for a September rate hike.

"We expect that the solid pace of gains in recent months continued in August, and payrolls could have advanced by 225,000 in the month," said a Societe Generale research report.

In Singapore, about 49.5 million shares worth S$58.2 million in total changed hands, which worked out to an average unit price of S$1.18.

The field was evenly matched, with as many gainers as losers at 54 each.

Top stocks by value traded were Singtel, SGX, SIA, Thai Beverage and Hongkong Land.

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Malaysia: Shares open higher on Thursday

MALAYSIA share prices opened higher on Thursday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 4.110 points to 1682.350.

Volume was 61.3 million lots worth RM43.9 million.

Losers outnumbered gainers 86 to 81.

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Asia: Markets mostly down but Tokyo soars on weak yen

Tokyo stocks resumed a rally on Wednesday as the yen fell against the dollar on US interest rate talk but most other Asian markets struggled as investors were spooked by the prospects of higher borrowing costs in the world's top economy.

Dollar demand has intensified since Federal Reserve boss Janet Yellen on Friday hinted at a possible hike as data point to continued economic improvement.

Figures showing US consumer confidence at its highest level in almost a year provided further evidence of a brighter outlook.

On Tuesday vice chairman Stanley Fischer told Bloomberg TV that any movement in rates was dependent on data, adding that "employment is very close to full employment".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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Oil heads for biggest monthly gain since April before Opec talks

Oil is poised for the biggest monthly advance since April amid speculation informal talks among Opec members in Algeria next month may result in action to stabilise the market.

Futures slid 0.3 per cent in New York, trimming the monthly gain to 11 per cent. Iraq would support a proposal for the Organization of Petroleum Exporting Countries and other major producers to freeze output, Prime Minister Haidar Al-Abadi said in Baghdad.

US crude stockpiles increased by 942,000 barrels last week, the industry-funded American Petroleum Institute was said to report. Government data due Wednesday is forecast to show a 1.3 million build.

Oil entered a bull market Aug 18, less than three weeks after tumbling into a bear market. A cap on production would be positive for the market, Saudi Arabia's Energy Minister Khalid Al-Falih said in an interview last week, while ruling out a cut to output. A deal to freeze supply was proposed in February but a meeting in April ended with no final accord.
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South Korea's July factory output rebounds, focus turns to trade

South Korea's industrial output unexpectedly grew in July but the improvement was mainly due to temporary factors, spurring investors to hone in on trade data out on Thursday for further clues on the health of the economy.

In monthly terms, industrial output rose 1.4 per cent in July on a seasonally adjusted basis as production of electronic components and cars boosted activity, data showed on Wednesday.

The median forecast in a Reuters survey of analysts was for output to decline 0.6 per cent from June. June's reading was revised down to minus 0.4 per cent from minus 0.2 per cent estimated earlier.

"We think the bounces in confidence and in IP growth are noise rather than signal and that IP growth remains essentially flat and services are growing around 3 per cent," said Tim Condon, economist at ING. "If IP and services remain at their July level in the remainder of the quarter, we estimate third-quarter growth at 3.0 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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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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Apple Market News Update : Epic Research Singapore

Apple shares swung higher on Monday as investors remained upbeat on the US tech giant in the first day of trading after a 7-for-1 stock split.

Apple gained 1.6 per cent to close at US$93.70. Before the split Friday, shares edged lower to US$645.57, but remained close to its all-time highs.

The stock split, announced earlier this year, has no impact on the underlying value of Apple, but such a move can give a company a psychological boost by lowering the cost of each share.

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