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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‎Singaporesharesend‬ higher as ‪#‎STI‬ gains 1.5% in line with Wall St, DBS's results

Wall Street's jump to a new all-time high on Friday and DBS's better-than-expected second quarter profit helped propel the Straits Times Index up 42.61 points or 1.5 per cent to 2,870.78, albeit in mediocre, pre-holiday volume of 938 million units worth S$1.03 billion.

Singtel led the way with a S$0.13 surge to S$4.20 on volume of 29 million, a rise that added 12 points to the index. Gains in the three banks added another 15 points while the Jardine group's contribution via rises in Hongkong Land and Jardine Cycle & Carriage was about five points. Excluding warrants, the broad market's advance-decline score was a much more mixed 226-186 than the index's rise would indicate.

Before trading opened at 9am DBS released its latest figures - a 6 per cent drop in net profit for the quarter ended June 30 to S$1.05 billion largely because of a one-off provision of S$150 million because of the bankruptcy of offshore and marine (O&M) company Swiber Holdings.

"Asset quality continued to be sound. While the non-performing rate rose to 1.1 per cent, allowance coverage was comfortable at 113 per cent and at 226 per cent if collateral was considered," said DBS. "Excluding the allowances for Swiber, total allowances were 58 per cent higher than a year ago and 27 per cent higher than the previous quarter."

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Gold futures Update on 05- Aug'2016

Gold futures finished moderately higher Thursday after the Bank of England announced a rate cut for the first time since 2009 and unveiled a batch of stimulus measures aimed at stimulating the country’s economy in the wake of the June 23 vote to exit the European Union.

December gold GCZ6, +0.17%   rose $2.70, or 0.2%, to settle at $1,367.40 an ounce.

The BOE cut its key lending rate by a quarter of a percentage point to 0.25% and unfurled a mix of measures, including reviving its bond-buying program. Although the rate cut was expected, the additional stimulus measures surprised the market, and providing a jolt to haven assets.

This, coupled with easing measures from the Bank of Japan earlier in the week, are being viewed as supportive to the long-term outlook for gold prices.

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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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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.


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Epic Research Singapore : Comex Market Update

March natural gas NGH14 -2.32% , which became the front-month contract after the February contract expired on Wednesday, dropped 45 cents, or 8.3%, to settle at $5.01 per million British thermal units. The March contract had gained 10.6% on Wednesday.  
In other energy trading, February gasoline RBG4 +0.50%  closed little changed at $2.66 a gallon and February heating oil ended at $3.22 a gallon, up 3.5 cents, or 1.1%. The February contracts for the two petroleum products expire at the close of Friday’s trading session. 

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Epic Research Singapore : Facebook Market Update

Those issues will still be in the spotlight when Facebook FB +12.09%  reports results after the market closes on Wednesday, though investors will likely also focus on the bright side, led by the expected gains from video ads and Instagram.

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Epic Research Singapore : Comex Market Update

February natural gas NGG14 -1.15%  advanced 19 cents, or 3.8%, to settle at $5.03 per million British thermal units on Nymex. The contract expires at the close of Nymex trading on Wednesday. March natural gas NGH14 -0.97% , which will become the front month, added 27 cents, or 5.7%, to $4.94 per million British thermal units.  

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Epic Research Singapore : Yahoo Market Update

Yahoo Inc. YHOO -2.43%  will report after the U.S. market close Tuesday. 
 European stocks broke a three-day losing streak, while Asia closed with mostly mild losses. Crude-oil and natural-gas prices were higher, while gold was moving south. The dollar pared gains against the yen USDJPY +0.30%   after the durable goods data disappointed. 

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Epic Research Singapore : Comex Market Update

February natural gas NGG14 +1.75%  lost 33.5 cents, or 6.5%, to settle at $4.847 per million British thermal units on the New York Mercantile Exchange, after earlier spiking past $5.40 in electronic trading. That price marked the highest level since February 2010, according to FactSet data tracking the closing levels for most-active contracts. On Friday, prices settled at their highest since June 2010.

March natural gas NGH14 +1.61% , which is among the most-active contracts, closed down 32 cents, or 6.5%, at $4.674 per million Btus.  

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Epic Research Singapore : Forex Market Update

The British pound GBPUSD +0.20%  rose to $1.6606 from $1.6580 late Monday in North America.  
 In other action among currency majors, the dollar USDJPY +0.09%  rose to 102.68 Japanese yen from ¥102.58 late Monday in North America. The euro EURUSD +0.10%  , meanwhile, edged up to $1.3679 from 

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Epic Research Singapore : U.S Market Update

The S&P 500’s SPX -0.49%   biggest company AAPL -8.08%   is generating buzz among value investors, especially after the brutal reaction to Monday’s earnings report.

Apple shares were down 7.5% to $505.89 after-hours, denting Nasdaq 100 futures, and sending ETFs that contained a big chunk of Apple — including the Technology Select Sector SPDR XLK -0.86%  — down 1%.  

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Epic Research Singapore : SGX Market Update

Oversea-Chinese Banking Corp, Singapore’s second-biggest lender, is set to extend exclusive talks to acquire Hong Kong’s Wing Hang Bank by as much as four weeks as it needs more time to secure regulatory approval, sources said on Friday.

A deal would represent OCBC’s biggest acquisition to date, giving it a much sought after gateway to China and helping it bridge the gap with bigger rival DBS Group Holdings , which operates Hong Kong’s fifth-biggest bank.

The two banks had given themselves one month to reach an agreement and that deadline was set to expire on Jan. 31.

A source with direct knowledge of the matter said that there had not been sufficient time to obtain regulatory approval due to the Lunar New Year holidays in Hong Kong.

An OCBC spokeswoman in Singapore declined to comment. Officials for Wing Hang were not immediately available to comment.

People familiar with the deal said this month that OCBC was offering nearly twice the Hong Kong lender’s book value or around US$5.3 billion ($6.8 billion), which has raised concerns about the likely need to tap shareholders for funds.

OCBC said this month it was in exclusive talks to buy Wing Hang in a deal that would first see it buy a 45% stake from the founding Fung family and BNY International Financing Corp before making a general offer for the remaining shares.
 
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Epic Research Singapore : Ebay Inc.

EBay Inc. EBAY -0.31%  eased under 1% in premarket. Carl Icahn said he is ready for a proxy fight to win two seats on the board of the online auctioneer, with the intent of pushing eBay to spin off PayPal.  

Honeywell HON +0.03%  shares eased slightly in premarket. The company reported earnings per share of $1.19 and $1.24 on an adjusted basis. The company was forecast to post earnings of $1.22 a share in the fourth quarter. 

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Epic Research Singapore : SGX Market Update

SINGAPORE: The Singapore Exchange (SGX) posted a two per cent on-year drop in its second quarter net profit at S$ 75 million, a shade lower than market expectations.

At an earnings briefing, SGX said the securities market had a challenging quarter due to lower participation by both retail and institutional investors.

Revenue from the securities business fell 13 per cent to S$ 52.2 million for the quarter ended 31 December 2013.

The decline was offset by growth in the derivatives business which rose 16 per cent to S$ 52.5 million.

The securities and derivatives businesses each contributed to 32 per cent of total revenue — the first quarter that they came in on par.

SGX said the total traded value for securities was 18 per cent lower at S$ 64.1 billion. Meanwhile, the total volumes for derivatives grew 18 per cent to 26.3 million contracts.)

Total revenue for the second quarter was up two per cent on-year at about S$ 165 million.

SGX CEO Magnus Bocker added that the Catalist market has also performed well.

“You will see that the traded value on our mainboard was down 22 per cent compare to the average of 18 per cent, while the Catalist market was actually up 141 per cent. Catalist now represents eight per cent of our total market compare to 2.5 per cent a year ago,” he said.

“If you look at the velocity, that is to say the market cap versus the turnover for our Catalist companies, it is significantly higher than the turnover velocity for our mainboard listed companies so it is a very attractive platform.
 
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Epic Research Singapore : Nikkie Stock

The Nikkei Average’s 0.7% gain in the early minutes of Thursday trade now seems like a distant memory, with the benchmark ending 0.8% lower. The broader Topix fared worse, with a 0.9% loss.

As is often the case, the fall in stocks was mirrored by a gain in the yen. The trouble all started right after China’s disappointing manufacturing read from HSBC, with dollar/yen falling from around ¥104.80 to around ¥104.35 at the Tokyo stock close.
 
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Epic Research Singapore : Yahoo Market Update

Among other stocks in focus for Wednesday, shares of Yahoo Inc. YHOO +0.42%  could garner attention after mobile-marketing company Sparq said in a note on its website that it had been acquired by the search-engine giant.

Yahoo stayed in the news as the World Economic Forum kicked off in Davos, Switzerland. Chief Executive Officer Marissa Mayer told a panel that mobile traffic will surpass PC traffic by the end of 2014. Read Latest from Davos: Mobile traffic to lead at Yahoo  

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Epic Research Singapore : IBM Update

Shares of IBM IBM -2.59%  fell 3.1% to $182.59 on heavy volume after the company reported adjusted earnings of $6.13 a share on revenue of $27.7 billion. IBM was expected to report fourth-quarter earnings of $5.99 a share on revenue of $28.27 billion, according to analysts polled by FactSet.  
 IBM shares closed down 0.9% during a trading day of chatter that the company and Lenovo Group Ltd. HK:992 -0.96%  have re-engaged discussions for Lenovo to buy IBM’s x86 server business, following a Wall Street Journal report. RBC Capital Markets analyst Amit Daryanani said in a Tuesday note that the deal would be a positive for IBM, as it would reduce Big Blue’s exposure to commoditized hardware. It’s been nearly 10 years since IBM sold its PC business to Lenovo. 


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Epic Research Singapore : Google

Expedia EXPE +0.37%  shares ended the day down by 4.5% at $67.67, after Internet search information site SearchEngineLand said Expedia’s search visibility on Google GOOG +0.01%  has recently fallen by 25% due to a penalty imposed by the world’s largest search engine. The penalty is meant to punish Web sites that pay for links on other sites in an effort to get better search results on Google. Expedia is said to have seen big declines in several travel-related keywords such as hotels, tickets, vacation and airline. 

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Epic Research Singapore : Hang Seng Update

The Hang Seng Index HK:HSI +0.57% edged up 0.4% to 23,008.26. Mainland banks shined, after China's central bank said it has provided emergency funding support to commercial banks to meet demand for cash ahead of Chinese New Year. Agricultural Bank of China Ltd. HK:1288 +2.06% ACGBF -4.44% rose 2.4%, and both Bank of China Ltd. HK:3988 +1.79% BACHY -1.13% and Industrial & Commercial Bank of China Ltd. HK:1398 +2.30% IDCBF -2.27% gained 2.1%. 

Lenovo Group Ltd. HK:992 +3.54% LNVGF -2.26% climbed 3%, after the Chinese personal computer maker said it's in talks for a possible acquisition. News reports said Lenovo is talking to IBM IBM +0.70% about buying its low-end server business. Other technology shares also headed higher, as Tencent Holdings Ltd. HK:700 +0.48% TCTZF +3.13%S&P 500 Stock added 0.8%, and software developer Kingsoft Corp. HK:3888 -1.58% KSFTF +0.30% picked up 0.2%. Market heavyweight HSBC Holdings PLC HK:5 +0.06% HSBC +0.43% slipped 0.1%, after it announced its subsidiary HSBC Bank Middle East Ltd. has agreed to sell its banking business in Jordan to Arab Jordan Investment Bank for an undisclosed amount. On the mainland, the Shanghai Composite Index CN:SHCOMP +0.64% rose 0.2%. 

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