Stocks to watch: ST Engineering, Midas, China Everbright Water, Raffles Education

THE following stocks may be in focus on Thursday:

ST Marine: The turnkey shipbuilding subsidiary of Singapore Technologies Engineering is well-placed to land the first newbuilding contract that the Singapore Civil Defence Force (SCDF) is set to award in 2016, just over four years after the SCDF assumed the fire-fighting function within Singapore's waters. The Business Times understands that ST Marine has emerged as the frontrunner in a tender for the construction of three new vessels to undertake marine fire-fighting and rescue operations in Singapore's maritime waters.

Midas Holdings: Its subsidiary, Jilin Midas Aluminium Industries Co, has landed two supply contracts worth 53.8 million yuan (S$10.9 million) from customers in China, the company said in a release to Singapore Exchange 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

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COMEX UPDATE 10th AUG'2016 BY EPIC RESEARCH

Oil edged further above $45 a barrel on Tuesday as forecasts for a drop in U.S. inventories and speculation of producer

action to prop up prices countered concern about a supply glut.Total U.S. crude inventories were expected to fall by 1

million barrels in weekly reports, although market intelligence firm Genscape has reported a rise of more than 307,000

barrels at the Cushing, Oklahoma U.S. crude delivery hub, traders said.

 Gold prices slumped to a one-week low in European trade on Tuesday, amid growing expectations of a U.S. interest

rate hike by the end of this year.Gold for December delivery on the Comex division of the New York Mercantile Exchange

fell to a session low of $1,336.70 a troy ounce, the weakest since July 29. It was last at $1,337.15 by 06:59GMT,

or 2:59AM ET, down $4.15, or 0.31%.

 Copper futures fell during late noon trade in the domestic market on Tuesday as investors and speculators cut positions

in the industrial metal as improved China inflation data dimmed the case for fresh policy easing dampening demand

prospects.China’s producer prices fell 1.7 per cent year on year in July 2016 marking the smallest decline in

nearly two years while consumer inflation stood at 2 per cent matching analysts’ estimates.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 UPDATE EPIC RESEARCH SINGAPORE

Oil ends higher for second day in wake of supply data Natural gas storage sees first summer decline since 2006

Oil futures regained positive momentum after a morning of up-and-down trading Thursday, building on strong gains scored after an unexpectedly large drop in gasoline supplies on Wednesday.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in September  rose $1.10 a barrel, or 2.7%, to settle at $41.93 a barrel. Oil pushed solidly higher after flipping between gains and losses in early action, marking its biggest two-day percentage gain since June 29.

Oil has been under pressure as traders wrestle with a global glut of crude and worries about the outlook for global economic growth. Futures fell below $40 a barrel earlier this week on worries about a global glut.

The rebound back above $40 came as “traders attempt to balance declining North American production levels and expectations of increasing global fuel demands (the EIA forecasts global oil demand to increase by 1.3M barrels a day in 2017) in the coming year against the near glut levels of global petroleum inventories that overhang the market,” wrote analysts at TFS Energy, in a note.

October Brent crude  on London’s ICE Futures exchange rose $1.19, or 2.8%, to $44.29 barrel, after rallying $1.30, or 3.1% to $43.10 a barrel Wednesday.

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Singapore shares close mixed as pressure eases on O&M sector

Street's avoidance of an eighth straight loss on Wednesday helped bring some stability here on Thursday via short-covering that lifted the Straits Times Index 4.38 points to 2,831.96. Bounces in Singtel, SGX and SPH contributed to this gain, on a day when the advance-decline score excluding warrants was 219-175, indicating a more mixed session than the index's reading would suggest.

There was little indication in the futures market as to how Wall Street would trade on Thursday, with the Dow futures edging slightly higher but the S&P 500 futures falling marginally. Europe's positive opening in the late afternoon shed little additional light as most of the markets there had also come under selling pressure in recent days.

Noble Group topped the actives list when it rebounded from several days of selling, gaining S$0.013 or almost 10 per cent at S$0.145 on volume of about 400 million.

Offshore and marine (O&M) stocks enjoyed some respite after oil inched higher in overnight trading, its price rising above S$40 per barrel after falling to S$39 a day earlier. SembCorp Marine rose S$0.01 to S$1.335 on volume of 3.4 million but parent SembCorp Industries (SCI) fell S$0.02 to S$2.72 with a heavy 13.9 million traded.


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S&P Market News Update : Epic Research Singapore

U.S. stocks ended modestly lower Friday as a retreat in oil prices weighed on energy shares ahead of a meeting of major oil producers slated for Sunday.

But despite the daily drop, the three main indexes posted weekly gains, with the Dow Jones Industrial Average up 1.8% for its strongest weekly gain in a month. The S&P 500 and Nasdaq Composite also logged weekly gains.

Stocks found broad support this week from better-than-feared corporate earnings, which helped limit declines. .

The S&P 500 SPX, -0.10% saw a daily fall of 2.05 points, or 0.1%, to close at 2,080.73. The Nasdaq Composite COMP, -0.16% lost 7.67 points, or 0.2%, to end at 4,938.22.

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S&P Market News Update : Epic Research Singapore

The S&P 500 retreated on Thursday to close in the negative territory for the year as investors shunned assets perceived as risky in favor of haven plays.

The S&P 500 SPX, -1.20% fell 24.75 points, or 1.2%, to close at 2,041.91 with all 10 sectors finishing lower. The large-cap index is now down 0.1% for the year.

The Dow Jones Industrial Average DJIA, -0.98% sank 174.09 points, or 1%, to finish at 17,541.96, led by a 3.1% drop in Goldman Sachs Group GS, -3.08% Despite the sharp losses, the Dow is still up 0.7% year to date. The Nasdaq Composite COMP, -1.47% declined 72.35 points, or 1.5%, to end at 4,848.37. The tech-heavy index is down 3.2% this year.

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S&P Market News Update : Epic Research Singapore

U.S. stocks eked out small gains Monday, allowing the S&P 500 and Dow industrials to extend their winning streak to five straight sessions, in part thanks to a jump in oil prices.

But the Nasdaq Composite finished lower, weighed by losses in formerly highflying technology stocks, such as Netflix Inc., Facebook Inc. and Alphabet Inc.

The S&P 500 index SPX, +0.09%  closed up 1.7 points, or less than 0.1% at 2,001.76, with six of its 10 main sectors finishing higher. However, large gains in the energy and materials sectors were offset by losses in technology and consumer stocks, capping the gains for the index.

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S&P Market News Update : Epic Research Singapore

U.S. stocks rallied to close higher Tuesday as investors scooped up bank and technology stocks, highlighting a renewed appetite for assets considered risky as oil stormed higher.

The S&P 500 SPX, +2.39%  advanced 46.12 points, or 2.4% to finish at 1,978.35, led by gains in financials, up 3.5%, and technology stocks, up 3.1%. Leaders on the S&P 500 included financial companies like Citigroup Inc. C, +6.23%  and Prudential Financial Inc. PRU, +6.39% tech companies Seagate Technology PLC STX, +5.96%  and Qorvo Inc. QRVO, +5.06%  and energy companies such as Range Resources Corp. RRC, +8.47% Chesapeake Energy Corp. CHK, +5.75%  and Anadarko Petroleum Corp. APC, +5.69%

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S&P Market News Update : Epic Research Singapore

Steep losses during the first four trading sessions of 2016 have marked the worst start to a new year for the S&P 500 and Dow Jones Industrial Average in history.

The S&P 500 SPX, -2.37%  lost 100 points, or 4.9% over the past four sessions, closing at 1,943.09 on Thursday, its lowest level since October. The index lost $864 billion of its value over the past four days, according to Howard Silverblatt, senior index analyst at S&P Dow Jones Indices.

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S&P Market News Update : Epic Research Singapore

U.S. stocks sold off on Thursday, pushing both the Dow industrials and the S&P 500 further into negative territory for the year, after the European Central Bank unveiled a smaller-than-expected expansion of its monetary stimulus program.

The S&P 500 SPX, -1.44% fell 29.88 points, or 1.4%, to 2,049.63, its biggest decline since Sept. 28. The benchmark index turned negative for the year. The Dow Jones Industrial Average DJIA, -1.42%  dropped 251.74 points, or 1.4%, to 17,477.67, further into negative territory for the year. The Nasdaq Composite COMP, -1.67% ended the session down 85.70 points, or 1.7%, to 5,037.53

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S&P Market News Update : Epic Research Singapore

U.S. stocks finished slightly lower on Thursday, succumbing to weaker-than-expected readings on gross domestic product and pending home sales a day after the Federal Reserve signaled a December rate increase remains possible.

The S&P 500 SPX, -0.04%  finished basically flat, or less than 0.1% lower, at 2,089.41. Five of the S&P 500’s 10 main sectors closed in negative territory, while the energy and health-care sectors posted the strongest gains.

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S&P Market News Update : Epic Research Singapore

U.S. stocks ended Monday’s session mostly lower as renewed weakness in energy shares weighed on Wall Street.

The S&P 500 SPX, -0.19%  fell 3.97 points, or 0.2%, to settle at 2,071.18, with seven of its 10 main sectors closing lower. Energy shares led decliners following a drop in oil prices. The S&P energy sector slumped 2.5%. A tumble in share of Apple, Inc., which fell 3.2%, AAPL, -3.19% put pressure on the S&P 500 and led the Dow lower.

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S&P Market News Update : Epic Research Singapore

The S&P 500 on Monday rose for a fifth session in a row, its longest winning streak this year, as a string of economic data appeared to push back the timing of a Federal Reserve rate hike to 2016.

The S&P 500 SPX, +1.83%  rose 35.69 points, or 1.8%, to 1,987.05, with all 10 sectors higher after health-care sector rebounded.

The Dow Jones Industrial Average DJIA, +1.85%  added 304.06 points, or 1.9%, to 16,776.43, with only Nike Inc. NKE, -0.75%  in the red.

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S&P Market News Update : Epic Research Singapore

U.S. stocks closed lower Thursday, logging a third straight day of declines, as investor confidence dwindled ahead of a speech by Federal Reserve Chairwoman Janet Yellen.

The S&P 500 index SPX, -0.34% fell 6.52 points, or 0.3%, to finish at 1,932.24, after being down as many as 30 points earlier in the session. Eight of the S&P 500’s sectors were in the red, led by a decline in the health care sector, which was down 1.2%.

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S&P Market News Update : Epic Research Singapore

U.S. stocks sank Friday, with the S&P 500 and the Dow Jones Industrial Average closing down for the week, as Federal Reserve’s decision to leave interest rates unchanged fueled fears about global economic growth.

The S&P 500 SPX, -1.62%  skidded 32.16 points, or 1.6%, to close at 1,958.08 for a weekly loss of 0.2%. All S&P 500 sectors finished lower, led by energy shares.

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U.S Market Update : Epic Research Singapore

U.S. stocks whipsawed throughout the day but closed lower on Thursday after the Federal Reserve left interest rates unchanged, and left investors uncertain about the timing of what would be the first rate hike in nearly a decade.

The S&P 500 SPX, -0.26%  rallied to 2,020 during Yellen’s news conference, but erased gains to close 5.11 points, or 0.3%, lower at 1,990.20. Six of the index’s 10 main sectors finished lower. Telecoms got hit, while utilities and health-care stocks led gains.

The regional bank sector didn’t take the news of no interest rate increase well. The SPDR S&P Regional Bank ETF KRE, -2.35%  flipped from a gain of about 0.5% to a loss of 2.4% after Federal Reserve said it was standing pat. Banks benefit from higher rates.

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S&P Market News Update : Epic Research Singapore

The Dow Jones Industrial Average ended August with the steepest monthly loss in more than five years, while the benchmark S&P 500 and the Nasdaq Composite recorded the largest monthly declines since May 2012.

Trading on Wall Street was volatile Monday, while the implied volatility on the S&P 500, as measured by the CBOE Volatility index rose 9% to above 28.

The S&P 500 SPX, -0.84%  closed 16.69 points, or 0.8% lower at 1,972.18, recording a 6.3% drop over the month, the steepest since May 2012. The Nasdaq Composite COMP, -1.07%  ended the day down 51.82 points, or 1.1% at 4,776.51 and fell 6.9% over the month.

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S&P Market News Update : Epic Research Singapore

U.S. stocks wrapped up one of the most tumultuous weeks of trading in recent memory with modest weekly gains after closing little changed on Friday.

The main indexes spent most of Friday’s session diving in and out of negative territory, as investors seemed undecided on how to interpret comments from Federal Reserve officials, which followed the pattern of trading for the week.

The Dow Jones Industrial Average DJIA, -0.07%  which suffered a 1,000 point loss in a matter of minutes on Monday, traded in a 120-point range on Friday, and closed down 11.76 points, or less than 0.1% at 16,643.01. The blue-chip index gained 1.1% over the week.

The S&P 500 SPX, +0.06%  closed about a point higher at 1,988.87. Most of the gains came from a rally in the energy sector, thanks to a big jump in oil prices. The benchmark index recorded a 0.9% weekly gain.

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S&P Market News Update : Epic Research Singapore

U.S. stocks rallied to close near their intraday highs for a second straight session Thursday, as China showed signs that measures to stabilize its economy and stock market may be taking hold.

In afternoon trade, stocks made a dramatic turn lower but stormed back in the final hour of trading, repeating a pattern of roller-coaster activity that has come to be a trademark of the past several sessions.

The Dow Jones Industrial Average DJIA, +2.27%  rose 369.26 points, or 2.3%, to close at 16,654.77, with all 30 members of the blue-chip index trading higher. Earlier, the Dow was up by as many as 381 points.

The S&P 500 SPX, +2.43%  finished up 47.15 points, or 2.4% to 1,987.66, after posting a 49-point gain. All 10 of the index’s main sectors traded higher. The Nasdaq Composite COMP, +2.45%  climbed 115.17 points, or 2.5% at 4,812.71, after being up by as many as 121 points.

As a result, for the week, the Dow is up 1.2%, the S&P is 0.9% higher, and the Nasdaq is up 2.3%.

The implied volatility on the S&P 500—the so-called “fear index”—as measured by the CBOE Volatility Index VIX, -13.92% fell 14% to 26.10.

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S&P Market News Update : Epic Research Singapore

U.S. stocks closed lower after a choppy session Tuesday as investors digested a mixed bag of quarterly results and an upbeat report on home construction in July.

The S&P 500 SPX, -0.26%  declined 5.52 points, or 0.3%, to close at 2,096.92. Nine of the broad index’s 10 main sectors posted modest losses, with the only the consumer discretionary sector managing to gain ground.

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