Asia: Stocks decline as Korean shares fall, investors weigh ECB

Asian stocks fell as investors weighed the outlook for monetary policy in the US and Japan after the European Central Bank downplayed the need for more economic stimulus. South Korean shares dropped amid concern North Korea may have conducted a nuclear test.

The MSCI Asia Pacific Index dropped 0.7 per cent to 141.03 as of 10:49am in Tokyo. The measure is heading for a 2.1 per cent advance this week as traders pared bets the Federal Reserve will raise rates at its September meeting while speculation swirled over whether the Bank of Japan will add to already record stimulus.

Shares in the US and Europe fell after ECB chief Mario Draghi played down the prospect of an increase in asset purchases at a time when concern over the impact of Brexit on the euro area is mounting.

"While the ECB disappointed, we could still expect additional stimulus later in the year as there's so much uncertainty in Europe," James Woods, a strategist at Rivkin Securities in Sydney, said by phone.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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Hot stock: Ezra falls 3.4% amid high volumes, attracts SGX query

SHARES of Ezra Holdings fell 3.4 per cent to 5.6 Singapore cents in Friday early morning trade, as trading volumes of the counter surged.

Some 158.3 million shares of the offshore support provider had changed hands as at 10.07am, drawing a query from the Singapore Exchange (SGX).

On Thursday, Ezra was also one of the most active counters on the SGX, jumping nearly 35 per cent or 1.5 cents to close at 5.8 cents, with 182.1 million shares traded.The firm has yet to respond to the query.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 0.82% lower on Friday

SINGAPORE stocks opened 0.82 per cent lower on Friday, with the Straits Times Index losing 23.78 points to 2,870.7 as at 9.05am.

About 105.1 million shares worth S$74.8 million in total changed hands. Losers outnumbered gainers 88 to 63.

Some of the top traded stocks were Singapore Exchange, CapitaLand and Singtel.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 lower on Wednesday

MALAYSIA share prices opened lower on Wednesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 9.420 points to 1,680.350.

Volume was 40.024 million lots worth RM39.73 million.

Gainers outnumbered losers 92 to 70.

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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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Hong Kong, Shanghai: Stocks rally at open

Hong Kong shares surged more than one per cent in the first few minutes of trade Monday as a slowdown in US jobs creation last month lowered expectations for an interest rate hike this month.

The Hang Seng Index added 1.20 per cent, or 280.29 points, to 23,546.99.

The benchmark Shanghai Composite Index edged up 0.11 per cent, or 3.36 points, to 3,070.71 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.29 per cent, or 5.90 points, to 2,015.19.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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South Korea: Stocks near fourth-week low on foreign stock sales

South Korean shares dropped to a four-week intraday low early on Thursday as foreign investors dumped stocks amid uncertainties concerning the US Federal Reserve's next policy decision.

The Korea Composite Stock Price Index (KOSPI) was down 0.4 per cent at 2,026.29 as of 0230 GMT. The index fell to a low of 2016.47, its lowest since Aug 5, 2016.

The South Korean won edged down and was quoted at 1,118.1, down about 0.3 per cent from Wednesday's close of 1,114.8.

"The possibility of the Fed's rate hike in September will remain quite low unless US August employment data turns out to be unexpectedly strong," said Cho Byung-hyun, a stock analyst at Yuanta Securities.
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Oil prices rise as US dollar retreats from two-week high

Oil futures edged up on Tuesday as the US dollar erased earlier gains, but doubts that producers would be able to agree to an output freeze continued to drag on prices.

International Brent crude oil futures were trading at US$49.34 per barrel at 0125 GMT, up 8 US cents from their previous close.

US West Texas Intermediate (WTI) crude futures were up 15 US cents at US$47.13 a barrel.

The US dollar retreated from Monday's two-week high as investors looked ahead to jobs data this week that Federal Reserve Vice Chair Stanley Fischer has said will be important to whether the US central bank raises interest rates soon.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: Stocks rise as Fed worries ease; won recovers

South Korean shares rose early on Tuesday on easing concerns of an interest rate increase in the United States as early as September, with buying from offshore investors and domestic institutions underpinning the market.

The Korea Composite Stock Price Index (Kospi) was up 0.8 per cent at 2,049.21 points as of 0217 GMT.

Kim Sung Hwan, a stock analyst at Bookook Securities, said that foreign investors are buying the local equities in tandem with the won's bounce from Monday's loss.

The won has been under pressure after hawkish comments from Federal Reserve Chair Janet Yellen on Friday kept the US dollar well bid.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: Markets track Wall St up, US jobs in focus

Asian markets rose on Tuesday, with Tokyo recovering from initial losses as expectations of a US interest rate hike and talk of more Japanese monetary easing pushed the yen down against the US dollar.

After Monday's sell-off across most markets, fuelled by the prospect of higher US borrowing costs, investors returned to buying, buoyed by a rally on Wall Street as another batch of data indicated improvement in the world's top economy.

Bets on a rate hike this year have soared after Federal Reserve boss Janet Yellen last week said at the Jackson Hole symposium of central bankers the "the case for an increase in the federal funds rate has strengthened in recent months".

Attention now turns to the release next Friday of the closely watched jobs report, which will be used as a guide in judging whether the bank will move sooner than later.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 0.6% up on Tuesday

SINGAPORE stocks opened 0.6 per cent higher on Tuesday, with the Straits Times Index rising 15.58 points to 2,845.01 as at 9am.

The blue-chip index was buoyed by market sentiment recovering from Fed rate hike fears.

About 41 million shares worth S$31.5 million in total changed hands, which worked out to an average unit price of S$0.77 per share.

Top stocks by value traded were HTL International, Singtel, ComfortDelGro, Hongkong Land and City Developments.

Gainers outnumbered losers 92 to 48, or about two up for every one down.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: GL, Ezion, Healthway

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

Property group GL Ltd, the former GuocoLeisure, reported net profit shot up 41 per cent to US$67.6 million from the year-ago period.

Liftboat operator Ezion Holdings has adjusted its second-quarter results down US$11.7 million following the additional impairment of property, plant and equipment and intangible assets of an associate.

Clinic operator Healthway Medical Corporation agreed to issue up to 133.3 million new ordinary shares at three Singapore cents each to raise net proceeds of about S$3.75 million.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, penny stocks, AusGroup, Santak, Mary Chia

SINGAPORE Exchange (SGX): The bourse operator is suspending its minimum trading price (MTP) requirements for mainboard-listed companies as it considers a proposal to add a market capitalisation criterion to the current framework.

The moratorium will give more breathing space to 125 listed companies that are either already on the MTP watch-list or that were expected to be added to it in September.

AusGroup: The engineering, port and marine services company warned of a fourth-quarter net loss due to a "prolonged adverse business environment". The company also said it has decided to end its Sinagpore fabrication and manufacturing businesses.
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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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SGX close to allowing exceptions for dual-class share listings

THE Singapore Exchange's Listings Advisory Committee (LAC) is set to lay out ground rules in the coming weeks that will allow for multiple-class share structures, according to sources familiar with the matter.

The LAC, an autonomous body that provides independent opinions on unusual listing applications for SGX, is expected to allow dual-class structures only when there are compelling reasons to do so, the sources said.

Examples of such reasons would be when there are certain individuals who play indispensable roles in the company, such as the founders of search engine giant Google; or when an uneven ownership structure is long-standing practice.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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SGX trading queries issued to Best World, LionGold, Broadway Industrial

THREE companies - Best World International, LionGold Corp and Broadway Industrial Group - were queried by Singapore Exchange (SGX) on Monday regarding their trading activities.

The query to Best World, for unusual price movements, marked the fifth query from SGX to the group in the past five months. The company had just received in-principle approval for its one-for-four bonus issue, with book closure date to be announced in due course.

At 12.50pm, Best World was up 5 per cent at S$1.77, with 2.13 million shares traded.

LionGold was unchanged at 0.1 cent as it topped the volume chart with hefty trading of 394.1 million shares. One of its directors, Md Wira Dani Abdul Daim, stepped down as non-executive director last week after he was made a bankrupt in Singapore.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: First Sponsor, Mencast, Chiwayland

WITH the quarterly earnings reporting season largely over, all eyes are on the US Federal Reserve chairman's speech this week, which will likely set the tone for the US dollar and in turn oil prices.

Some of the stocks to watch on Monday are:

First Sponsor Group: It has tied up with China Vanke and Regent Land Investment Holdings in developing the group's mixed-use project in Dongguan in Guangdong province. The group said on Monday it had on Aug 19 entered into a share subscription agreement and assignment agreement with subsidiaries of China Vanke and Regent Land for the collaboration.

First Sponsor will retain a significant 30 per cent stake in the project, while Vanke and Regent Land will end up with 55 per cent and 15 per cent interests respectively. First Sponsor's net gain from the transaction is expected to be about S$95.3 million.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 STOCKS MARKET UPDATE BY EPIC RESEARCH

The Straits Times Index (STI) ended 3.91 points or 0.14% lower to 2865.91, taking the year-to-date performance to -

0.58%.

The top active stocks today were DBS, which gained 0.60%, Singtel, which declined 0.47%, OCBC Bank, which

declined 0.36%, UOB, which gained 0.28% and JMH USD, with a 2.21% advance.

The FTSE ST Mid Cap Index gained 0.05%, while the FTSE ST Small Cap Index declined 0.09%.

The outperforming sectors today were represented by the FTSE ST Technology Index, which rose 1.93%. The two biggest

stocks of the Index - Silverlake Axis and CSE Global- ended 1.67% higher and 1.09% higher respectively.

The underperforming sector was the FTSE ST Basic Materials Index, which slipped 0.72%. Midas Holdings shares

declined 2.04% and Geo Energy Resources ended 3.74% higher.

The three most active Exchange Traded Funds (ETFs) by value today were:

DBXT MSCI Asia Ex Japan ETF (+1.53%) ,CIMB FTSE ASEAN 40 (+0.68%) ,iShares MSCI India (+1.53%)

The three most active Real Estate Investment Trusts (REITs) by value were:

Ascendas REIT (-0.41%) ,CapitaLand Mall Trust (-1.38%) ,Mapletree Com Trust (-0.33%)

The most active index warrants by value today were:

HSI23800UBeCW161229 (+9.17%) ,HSI22800VTeCW160929 (+12.93%) ,HSI23000MBeCW160929 (+13.54%)

The most active stock warrants by value today were:

DBS MB eCW170201 (+3.92%) ,DBS VT eCW161212 (+3.77%) ,DBS MB ePW161201 (-3.70%)

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Singapore shares open lower as STI eases 0.2% to 2,861.54

SINGAPORE shares opened lower on Monday, with the Straits Times Index (‪#‎STI‬) slipping 0.20 per cent, or 5.86 points, to 2,861.54 as at 9:06am.

Gainers outnumbered losers 80 to 65, or about six up for every five down, after 46.2 million shares worth S$53.9 million changed hands.

Investment firm Attilan Group was the top active out of the gates, jumping 75 per cent, or 0.3 Singapore cent, to trade at 0.7 Singapore cent.

Among the blue chips, the banks presented an early drag. DBS Group Holdings slipped 1.3 per cent, or 20 Singapore cents, to S$14.84, while United Overseas Bank eased 1.5 per cent, or 26 Singapore cents, to trade at S$17.66. ‪#‎OCBC‬ Bank traded at S$8.42, down 0.1 per cent or one Singapore cent.



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Google Ventures founder Bill Maris leaves company

Bill Maris, the founder and CEO of Google Ventures, is leaving the company, according to multiple reports. In 2009, Maris created Google Ventures, which rebranded to simply GV last year after the formation of Alphabet Inc.GOOGL, +0.13% It has become Silicon Valley's most powerful corporate venture-funding arm, managing more than $2.4 billion. The company made early investments in tech success stories such as Uber Technologies Inc., Slack, Nest -- which was later acquired by Google -- and Jet.com, which was just bought by Wal-Mart for $3.2 billion. Maris will reportedly be replaced by David Krane, a managing partner at GV. Maris is the latest high-profile Google executive to leave in recent months, joining self-driving car chief Chris Urmson and Nest CEO Tony Fadell.


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