Stocks to watch: Yoma Strategic, Oceanus, Del Monte Pacific

THE following stocks made announcements after Thursday's market close that could affect its trading on Friday:
Yoma Strategic said its subsidiary, Convenience Prosperity Company Ltd (CPCL), has been appointed by J C Bamford Excavators as the exclusive distributor for the Myanmar market. The partnership is important at a time when infrastructure and construction activities are accelerating across the country, said its CEO Melvyn Pun.

Seafood supply chain manager Oceanus Group has signed a binding term sheet with two of three of its key creditors for a proposed debt restructuring, which may greatly reduce its total outstanding debt balance. The total debt balance, including accrued interest, held under the two key creditors, Ocean Wonder International and BW Investment, amounts to S$71.85 million, representing 82.8 per cent of Oceanus's outstanding debts.

Del Monte Pacific narrowed its first quarter loss to US$8.7 million, from US$10.7 million a year ago, on lower operating expenses as a result of a restructuring that started last year. The group's revenue shrank 2.8 per cent to US$465.5 million from the preceding 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

Taiwan: Stocks flat, hover at 14-month highs

Taiwan stocks stayed flat near 14-month highs on Thursday, in line with other overseas markets, with TSMC and other suppliers of Apple Inc remaining little changed following the launch of new iPhones.

As of 0343 GMT, the main Taiex index was up 7 points at 9,266.63, after hitting its highest intraday level in 14 months in the prior session.

The electronics subindex was nearly flat, while the financials subindex gained 0.2 per cent.

Taiwan Semiconductor Manufacturing Co (TSMC), an Apple supplier and the world's biggest contract chip maker, was trading flat.

The Taiwan dollar softened NT$0.043 to NT$31.283 per US dollar.

Asian shares held within one-year peaks on Thursday as Chinese trade data topped forecasts and imports recorded their first annual rise since late 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

Australia shares dragged down by banks, basic materials; NZ lower

Australian shares fell to their lowest in close to two months on Thursday as many investors were edgy about global economic prospects, and some encouraging trade data from China did not lift spirits.

All sectors, led by financials and basic materials, wallowed in red seeking cues from global economic events queued up in the day.

The S&P/ASX 200 index was at its lowest since mid-July, down 47.55 points, or 0.9 per cent, at 5376.7 at 0246 GMT. The benchmark rose marginally on Wednesday.

China August trade data, awaited as a gauge of global demand, topped forecasts as imports recorded their first annual rise since late 2014. But that didn't help Australian shares.
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

Seoul: Won edges down on government warnings, stocks flat

The South Korean won eased on Thursday as traders grew cautious about prospects for further gains after the government issued verbal warnings about the market's moves for the second day in a row.

The won was quoted at 1,093.8 as of 0159 GMT, down 0.4 per cent from Wednesday's close of 1,090.0.

Foreign exchange authorities said the won has been more volatile than other Asian currencies and that they are watching the situation very closely.

"Some bargain hunters are coming in at the 1,090 level, bringing additional pressure on the won," 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

Read More

Hong Kong, Shanghai: Stocks down at open

Shares in Hong Kong and Shanghai dipped in the first few minutes on Thursday as investors await the release of closely watched Chinese trade data later in the day.

The Hang Seng Index fell 0.16 per cent, or 36.85 points, to 23,704.96.

The benchmark Shanghai Composite Index edged down 0.06 per cent, or 1.98 points, to 3,089.95, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, slipped 0.07 per cent, or 1.44 points, to 2,043.11.
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

Malaysia: Shares open higher on Thursday

MALAYSIA share prices opened higher on Thursday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 1.860 points to 1,691.530.

Volume was 17.496 million lots worth RM7.794 million.

Gainers outnumbered losers 68 to 44.

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 little changed on Thursday

SINGAPORE shares opened almost flat on Thursday, with the Straits Times Index down by 1.61 points or 0.06 per cent to 2,892.04 points as at 9.01 am, after US stocks ended little changed on Wednesday.

The Dow Jones Industrial Average was down 11.98 points or 0.06 per cent to 18,526.14, but the Nasdaq Composite added 8.02 points or 0.15 per cent to a record close.

Trade on Wall Street large caps has been light ahead of the Federal Reserve rate hike decision and the US presidential election in November.

Recent economic data including last Friday's weaker-than-expected jobs report suggest the Federal Reserve could hold off the rate hike for now although expectations are that the tightening may still happen later this year.

Some 46 million shares worth S$69.5 million changed hands, with gainers outnumbering losers 70 to 53.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