Seoul: Won, stocks take breather ahead of Yellen's speech

The South Korean won advanced on local exporters' demand on Friday, but gains were capped as traders looked ahead to a meeting of central bankers in Jackson Hole, Wyoming, with all eyes on a speech by Federal Reserve Chair Janet Yellen.

The won was quoted at 1,114.2 against the US dollar as of 0200 GMT, up 0.2 per cent versus its previous close.

"Trading is expected to be mixed throughout the session on exporters' dollar sales and caution over a US interest rate hike in the near-term," said Jung Sung Yoon, an analyst at Hyundai Futures.

South Korean shares sagged for a third session but like the won, trading was subdued ahead of Ms Yellen's speech later in the day at the annual gathering of central bankers. The focus is on whether Ms Yellen could provide more clarity on US rates outlook for the rest of the 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

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Taiwan: Stocks flat on caution in overseas markets, financial shares slip

Taiwan stocks were nearly unchanged on Friday in cautious trade as bellwether financial shares slipped and on weakness in overseas markets.

As of 0209 GMT, the main Taiex index was little changed at 9,113.28, after closing 1.1 per cent higher in the previous session.

The electronics subindex fell 0.2 per cent, while the financials subindex gained 0.1 per cent.

Shares in CTBC Financial were up 0.3 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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Singapore shares open flat on Friday ahead of Fed chief's speech

SINGAPORE shares opened flat on Friday ahead of a speech by US Federal Reserve chair Janet Yellen, with the Straits Times Index gaining just 0.08 points to 2,877.01 as at 9.04am.

Gainers matched losers 57 to 53 after 37.2 million shares worth S$48.6 million changed hands.

Land transport company ComfortDelGro Corporation was among the top actives, trading unchanged at S$2.82 after 2.7 million shares changed hands.

Industrial conglomerate Keppel Corporation was also flat at S$5.39 with 1.6 million shares traded.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 holds losses near one-week low after surprise stockpile gain

Oil held losses near the lowest close in a week as US crude stockpiles unexpectedly increased, keeping supplies at the highest in at least three decades with the peak summer demand period approaching its end.

Futures were little changed in New York after falling 2.8 per cent Wednesday. Inventories rose by 2.5 million barrels last week, according to the Energy Information Administration.

The median forecast in a Bloomberg survey had projected a decline. Iraq will attend informal Opec talks next month in Algiers, Deputy Oil Minister Fayyad Al-Nima said in a phone interview.

Oil entered a bull market on Aug 18, less than three weeks after tumbling into a bear market. Prices surged partly on speculation that informal discussions among members of the Organisation of Petroleum Exporting Countries and other producers may lead to action to stabilise the market.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: Sheng Siong shares fall on profit taking

SHARES of supermarket chain Sheng Siong Group fell on Thursday following profit taking, with the counter climbing in recent weeks after it posted record margins in its latest results.

The stock was down 2.5 Singapore cents or 2.3 per cent to S$1.055 at 10.46am.

"Investors can consider taking some profits at current share price levels," said an OCBC Investment Research report on Thursday, referring to Sheng Siong's share performance. Shares of Sheng Siong - a top pick for the brokerage - have risen [BUY, S$1.07]6 per cent over the past three trading days.

The brokerage is "neutral" on the consumer sector, noting a subdued outlook for the local macro environment, and on consumer spending. It cited data from Nielsen showing that consumers have reduced certain discretionary expenditures, and some may switch to cheaper grocery brands.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 2.24 points higher on Thursday

SINGAPORE share prices opened higher on Thursday, with the Straits Times Index up 2.24 points or 0.08 per cent to 2,871.81 as at 9.04am, despite losses on Wall Street overnight.

Top gainers in early-morning trade included DBS and UOB.

Some 31.5 million shares worth S$52.9 million changed hands, with losers outnumbering gainers 68 to 46.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 close up 19 points

THE Straits Times Index on Wednesday closed up 19.14 points at 2,869.57, as bank counters and some defensive stocks continued to be in play.

Some 987.5 million units worth S$838 million changed hands. Gainers exceeded losers in the Singapore market at 236 to 151.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 open 0.1% lower on Wednesday

SINGAPORE stocks opened lower on Wednesday, with the Straits Times Index shedding 0.1 per cent or 2.93 points to 2,847.50 as at 9.04am.
Gainers outnumbered losers 80 to 51, or more than three up for every two down, with 51.7 million shares worth S$43.8 million traded.

Noble Group was among the most active stocks out of the gate, gaining 0.8 per cent or 0.1 Singapore cent to change hands at 13 Singapore cents.

CNMC Goldmine, which has announced an extension of its mining lease, rose 2.7 per cent or 1.5 Singapore cents to 58 Singapore cents.

Among the index stocks, Jardine Cycle & Carriage slipped 0.2 per cent or seven Singapore cents to S$43.03.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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China stocks come out strong despite lackluster economic news

Asian markets edged up Monday as weak macroeconomic data bumped against chatter about the launch of the Shenzhen-Hong Kong trading link.

Australia’s S&P/ASX 200   recovered from early declines to trade up 0.1% while the Nikkei Stock Average   was flat. South Korean stock markets are closed for a holiday. The Shanghai Composite   was 1.7% higher, with Hong Kong’s Hang Seng index   rose 0.5%.

The Shanghai market surged after China’s securities regulator said Friday it established a special team to prepare for the launch of Shenzhen-Hong Kong Stock Connect in 2016.

Stocks of Japanese exporters opened lower due to a stronger yen but later recovered as the dollar edged higher. Canon Inc.   was flat after being initially down 0.6%, with Toyota Motor Corp.   recovering to trade nearly unchanged from an earlier decline of 0.3%.

Japan’s gross domestic product for the April-June quarter expanded at an annualized 0.2%, missing expectations of a 0.7% rise. Meanwhile, April-June exports fell 5.9% in real, annualized terms after a modest 0.4% rise in the previous quarter, suggesting a global slowdown was hitting demand in Japan’s export markets.

“Today’s narrow miss could have been a lot worse,” said Timothy Graf, head of macro strategy at State Street Global Markets EMEA. Markets will now focus on whether the Bank of Japan will ease policy later this year, he said.

Elsewhere in the region, industrial production in China rose 6.0% in July from a year earlier, slower than the 6.2% growth recorded in June. Investment in factories, buildings and other fixed assets in nonrural areas rose 8.1% on the year in January-July, decelerating from the 9% increase in the first six months of the year and lower than the 8.9% predicted by economists.

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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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Singaporesharesopen lower on Thursday

SINGAPOREshareprices opened 0.59 per cent lower on Thursday with the Straits Times Index down 17.1 points to 2,858.47 at 9.04am.
This followed US markets, which analysts say were hit by profit-taking after US stocks reached new records over the last three sessions.
The

DowJonesIndustrial Average lost 0.2 per cent to 18,495.66. The broad-based S&P 500 fell 0.3 per cent to 2,175.49, while the tech-rich Nasdaq Composite Index shed 0.4 per cent to 5,204.58.
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SGX UPDATE 10th AUG'2016 BY EPIC RESEARCH

The Straits Times Index (STI) ended 42.61 points or 1.51% higher to 2870.78, taking the year-to-date performance to -

0.41%.

The top active stocks today were Singtel, which gaine

d 3.19%, DBS, which gained 1.42%, UOB, which gained 0.73%, OCBC

Bank, which gained 2.17% and ComfortDelGro, with a 2.87% advance.

The FTSE ST Mid Cap Index gained 0.02%, while the FTSE ST Small Cap Index rose 0.06%.

The outperforming sectors today were represented by the FTSE ST Telecommunications Index, which rose 2.80%. The

two biggest stocks of the Index - Singtel and StarHub – ended 3.19% higher and 1.27% lower respectively.

The underperforming sector was the FTSE ST Health Care Index, which slipped 1.17%. Raffles Medical Group shares

declined 1.30%and Riverstone Holdings declined 1.12%.

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

DBXT MSCI Indonesia ETF (+1.83%) ,SPDR Gold Shares (-2.27%) ,IS MSCI India (+1.79%)

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

CapitaLand Mall Trust (+2.80%) ,Ascendas REIT (-0.81%) ,CapitaLand Commercial Trust (+1.96%)

The most active index warrants by value today were:

HSI23800UBeCW161229 (+16.19%) ,HSI22400UBeCW161028 (+24.55%) ,HSI23000MBeCW160929 (+25.00%)

The most active stock warrants by value today were:

DBS MB ePW161201 (-8.22%) ,UOB MB eCW161031 (+6.00%) ,UOB MB ePW161201 (-5.00%)

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Singapore shares close‬ mixed in line with weak Europe opening, O&G concerns

Wednesday put paid to hopes earlier in the day that the Straits Times Index could end the session in the black for the year.
After rising to an intraday high of 2,893, the index closed a net 4.79 points higher at 2,875.57, about seven points below its end-2015 level of 2,882. Turnover was relatively heavy at 886 million units worth S$1.2 billion and, excluding warrants, there were 202 rises versus 203 falls.
Banks were in focus, particularly DBS after it released its Q2 figures last week and disclosed its exposure to failed oil and gas (O&G) company Swiber Holdings.
Maybank Kim Eng maintained its "sell" on DBS, saying the latter's second-quarter results suggested that provisions may not be adequate and that there is broad-based asset quality deterioration in various areas including the O&G sector and in Hong Kong.


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TODAY Prime Minister Lee Hsien Loong's message On the occasion of ‪National Day‬

Unity was at the heart of Prime Minister Lee Hsien Loong's ‪#‎NationalDay‬ message today message

Although Singaporeans today share common spaces, and celebrate one another's festivals, such peace was not prevalent 51 years ago.

"Never forget how rare and precious this harmony is, how much courage and toil went into creating it, and how much effort it takes to sustain this miracle. What we have here is remarkable, especially considering the state of the world today," he said.

The Prime Minister said in his speech that the "most fundamental factor in keeping Singapore exceptional is not good plans or adequate resources; it is whether we remain united".

Unity, he added, was "more than a warm, fuzzy feeling. It's the iron resolve to hold together, despite the challenges, despite the sacrifices we have to make".

The determination to be a united people drove Singapore's stability over the past 51 years, and it should continue to persevere in the next 50 years

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SINGAPORE COMEX UPDATE BY EPIC RESEARCH

 Oil prices edged lower in European trade on Thursday, after rallying more than 3% overnight after a larger-thanexpected

gasoline draw eased concerns about global supply glut.Crude oil for September delivery on the New York

Mercantile Exchange dipped 7 cents, or 0.14%, to trade at $40.78 a barrel by 07:52GMT, or 3:52AM ET.A day earlier,

New York-traded oil jumped $1.32, or 3.34%, after data showed that gasoline supplies in the U.S. fell sharply last week,

offsetting a surprise build in crude stockpiles.

 Gold prices added to overnight losses in European trade on Thursday, as the U.S. dollar strengthened with investors

focused on the Bank of England's policy announcement later in the session.The BOE will release its rate decision,

minutes of its Monetary Policy Committee meeting and its quarterly inflation report at 11:00GMT, or 07:00AM ET,

on Thursday

 Nickel futures tumbled by more than 2 per cent during noon trade in the domestic market on Thursday as investors

and speculators exited positions in the industrial metal amid weak physical demand for nickel from alloy-makers in the

spot market.Mixed US economic data signaled an uncertain demand outlook for metals as services activity cooled in

July but private employment growth was stronger.

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SINGAPORE COMEX UPDATE BY EPIC RESEARCH

Oil edged higher to $42 a barrel on Wednesday after hitting its lowest since April the previous day, supported by an

industry report showing a fall in U.S. inventories and a weaker dollar.But prices could struggle to make much headway,

analysts said, as sentiment remains bearish. A supply glut that has weighed on prices could increase if oil exports actually

restart from ports in Libya that have been closed since 2014.

 Gold prices held steady below a two-year high in European trade on Wednesday, as investors looked ahead to key U.S.

data later in the session to gauge the health of the world's largest economy and whether it is strong enough to warrant

an interest rate hike later this year.The U.S. is due to release the ADP jobs report for July at 12:15GMT, or 8:15AM ET,

with market analysts expecting a gain of 170,000 private sector payrolls.

 Nickel futures rose during evening trade in the domestic market on Wednesday as investors and speculators booked

fresh positions in the industrial metal amid a pickup in physical demand for nickel from alloy-makers in the spot market.A

pickup in the 19-member Euro Area economy also bolstered the demand outlook for the metal as a combined

gauge measuring manufacturing and services in the Euro area climbed to 53.2 in July from 53.1 in June with a reading

above 50 signaling expansion.

 Bank of Japan Deputy Governor Kikuo Iwata said on Thursday that a comprehensive review of the central bank's monetary

policy due next month would focus on the transmission mechanism and obstacles to its monetary policy.The review

is not meant to transmit a specific direction for future monetary policy, Iwata said, according to the text of a

speech.

 A constitutional amendment proposed by interim President Michel Temer to put a ceiling on Brazil's public spending

will pass the lower house this year but not the Senate until 2017, lower chamber Speaker Rodrigo Maia said on

Wednesday.The proposed cap is the cornerstone of Temer's strategy to plug a bulging deficit inherited from the Workers

Party government of suspended President Dilma Rousseff, yet its impact on fiscal accounts will be delayed until it

wins Senate approval next year.

 The Bank of England is poised to cut interest rates for the first time since 2009 later on Thursday, as Britain's economy

teeters on the brink of recession after June's vote to leave the European Union.Although the BoE wrong-footed financial

experts three weeks ago by leaving rates unchanged, the central bank said most of its policymakers were likely to

support action in August as post-referendum uncertainty depressed the economy.

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‪Updatedhotstock‬ Noble tumbles in active trade, prompting SGX query

THE share price of ‪#‎NobleGroup‬ tumbled more than 15 per cent in active trade on Tuesday, prompting a query from the Singapore Exchange (‪#‎SGX‬) on its trading activity.

At 03:59pm, Noble was trading at S$0.137 a share, down S$0.025, or 15.432 per cent. More than 272 million shares changed hands, making the commodities group the most actively traded stock on SGX.

In a reply to the regulator's query, Noble said it was unaware of any possible explanation of the trading, and confirmed that it was in compliance with the listing rules.

Asked for a reason for the latest tumble, a broker attributed the sell-off to the prevailing negative market sentiment towards debt-ridden companies with weak balance sheets.

As of March 31, 2016, Noble's cash and cash equivalents stood at US$1.35 billion, compared to US$1.95 billion at the end of 2015. It had about US$3.69 billion in net debt.

The stock has been trodden on by all sorts of downgrades by ratings agencies and the "buy" recommendations have virtually disappeared. To Know More Updates Register Here

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SGX Stock Recommendations : Epic Research Singapore

MARKET UPDATES :

• The Straits Times Index (STI) ended 4.87 points or 0.17% higher to 2945.35, taking the year-to-date performance to +2.17%.

• The top active stocks today were Singtel, which gained 1.66%, DBS, which declined 0.06%, Wilmar Intl, which declined 0.97%, UOB, which gained 0.26% and ComfortDelGro, with a 1.73% fall.

• The FTSE ST Mid Cap Index declined 0.84%, while the FTSE ST Small Cap Index declined 0.24%.

• The outperforming sectors today were represented by the FTSE ST Telecommunications Index, which rose 1.48%.

• The two biggest stocks of the Index – Singtel and StarHub – ended 1.66% higher and remained unchanged respectively.

• The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 1.45%. Keppel Corp shares declined 1.43% and Sembcorp Industries declined 0.35%.

• The three most active Exchange Traded Funds (ETFs) by value today were : Nikko AM Singapore STI ETF (-0.33%) ,SPDR Gold Shares (+0.21%) ,DBXT MSCI Taiwan ETF (-0.59%).

• The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+1.61%) ,Suntec REIT (-2.52%) ,CapitaLand Commercial Trust (-1.28%)

• The most active index warrants by value today were : HSI23800UBeCW161229 (unchanged) ,HSI22000MBeCW160929 (-0.95%) ,HSI22400UBeCW161028 (+1.50%)

• The most active stock warrants by value today were : DBS MB eCW161031 (-6.86%) ,OCBC Bk MBeCW161004 (-6.98%) ,OCBC Bk MBeCW170118 (-6.25%).

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