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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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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Singapore shares open 0.4% down on Monday

SINGAPORE stocks opened 0.4 per cent lower on Monday, with the Straits Times Index shedding 10.95 points to 2,846.7 as at 9am.

The blue-chip index was dented by indications from Fed officials that a rate hike is on the way this year.

About 36.3 million shares worth S$37.3 million in total changed hands, which worked out to an average unit price of S$1.03 per share.

Top stocks by value traded included Jardine Matheson, Keppel, Singtel, OCBC and DBS.

Losers outnumbered gainers 73 to 49, or about three down for every two up.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, US still in talks on trade pact despite challenges: Chinese commerce official

China and the United States are still in frequent discussion about a bilateral trade pact, despite a challenging global trade environment, a Chinese commerce official said on Thursday.

China is keen to maintain open markets for its goods as its economy grows at its slowest pace in 25 years, but it faces rising trade tensions as its imports deteriorate faster than exports, setting it up for another record trade surplus.

Last year, the US trade deficit with China was US$336.2 billion, according to the US Trade Representative's office.

Republican presidential candidate Donald Trump threatened on Wednesday to slap tariffs on Chinese products to show Beijing the United States is "not playing games anymore".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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Australia, NZ dollars up slightly ahead of Yellen's take on Fed outlook

The Australian and New Zealand dollars were marginally up on Thursday as investors counted down to a much-anticipated speech by Federal Reserve Chair Janet Yellen for more clarify on the outlook for US interest rates.

The Australian dollar was up 0.2 per cent at US$0.7627. It is mostly unchanged so far this week, trapped in a tight range of US$0.7584 to US$0.7655.

The Aussie has added more than 5 per cent in the last two months but has been muted in August largely due to conflicting views on US monetary policy.

Investors are now looking to Ms Yellen's speech in Jackson Hole, Wyoming, on Friday for insight on the US monetary policy outlook.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 flat on foreign selling, won edges up

South Korean shares were flat early on Thursday, dampened by foreign investors trimming their portfolios ahead of US Federal Reserve Chair Janet Yellen's speech this week that could signal an interest rate hike in September.

The Korea Composite Stock Price Index (Kospi) was little changed at 2,045.16 points as of 0210 GMT.

"Offshore investors are mainly dumping electricity and electronics shares, especially Samsung Electronics' stock which has pulled up the Kospi recently," said Kim Ye-eun, a stock analyst at LIG Investment & Securities.

Ms Yellen is due to speak at the global central bankers' meeting in Jackson Hole, Wyoming, on Friday, and markets are focused on what she will say about US monetary policy.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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HSBC says investors should look at where companies make their revenue

Equity investors who look at indexes based on revenue rather than domicile will discover an entirely different investment universe, according to HSBC.

Global indexes are based on domicile. The MSCI U.K. Index, for example, is composed of companies from the U.K. But as two-thirds of their revenue comes from overseas markets, the index isn't really providing investors with exposure to the U.K., HSBC analysts wrote in a new report.

All the companies in the Dow Jones Industrial Average DJIA, +0.64% are based in the U.S., but more than 40% of the overall revenue is derived from outside the U.S.


See also: Why Marc Faber is calling for an ugly stock-market crash—again

At the same time, companies are inconsistent in their disclosures of where they generate their revenue and accounting rules don’t help. Combined, those factors mean that understanding where revenue is made is a “fertile ground to add value,” they wrote.

Read: Why even the best investing advice may be wrong

“By looking beyond locally listed stocks incorporated in the country benchmark, analysts can broaden the universe of potential investments,” said the report. “This often gives exposure to harder-to-access sectors and countries.” 

The report analyzes 29 major developed and emerging country indexes and outlines ways to play both GDP and currency trends. It found that European companies are the most global, generating almost half their revenue overseas. At a time when global economic growth rates are weak and risk perception high, that has led many European indexes to underperform. Europe’s big exposure to emerging markets (EM) on the other hand, has been a positive, as EM markets have stabilized. 


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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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Malaysia Airlines Market News Update : Epic Research Singapore

The Netherlands on Sunday scrapped plans to send an international armed mission to secure the crash site of Malaysian flight MH17, fearing a deployment risked being dragged into the conflict in east Ukraine.

Dutch authorities leading the probe into the downing of the passenger airliner carrying 298 people had along with Australia planned to send armed officers, but Prime Minister Mark Rutte said this is no longer viable.

"Getting the military upper hand for an international mission in this area is according to our conclusion not realistic," Rutte told journalists in The Hague, noting the presence of heavily armed separatists and the proximity of the border with Russia - accused of backing the rebels.

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Malaysia Airlines Market News Update : Epic Research Singapore

The chances of Dutch and Australian police reaching the crash site of Malaysia Airlines flight MH17 are not good, and the effort could take days, a senior Australian official said Monday.

An unarmed team of Dutch and Australian officers was forced to drop their plans to visit the site Sunday as heavy bombardments rocked towns close to the area where the plane was shot down, killing all 298 on board.

And tensions were such that the Netherlands scrapped a plan to send an international armed mission in to secure the site, with the Dutch Prime Minister saying it was "not realistic".

Australian Federal Police deputy commissioner Andrew Colvin said it was not known when recovery teams will get to the impact zone.

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Malaysia Airlines Market News Update : Epic Research Singapore

A senior separatist leader, Aleksander Borodai, handed over two black boxes from an airliner downed over eastern Ukraine to Malaysian experts in the city of Donetsk in the early hours of Tuesday. A room packed with journalists at the headquarters of his self-proclaimed Donetsk People's Republic as an armed rebel placed the boxes on a desk. Both sides then signed a document, which Borodai said was a protocol to finalise the procedure after lengthy talks with the Malaysians.

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Malaysia Airlines Market News Update : Epic Research Singapore

Australia's prime minister voiced deep concern on Monday that Russian-backed rebels remained in control of the crash site of a Malaysian airliner shot down over Ukraine, saying the site looked more like a "garden clean-up" than a forensic investigation.

At least 27 Australian passengers were among the 298 people aboard Malaysian Airlines Flight MH17, shot down over eastern Ukraine in an attack the West has blamed on separatist rebels armed by Russia.

Prime Minister Tony Abbott, speaking on a breakfast radio show, said he had spoken "overnight" to Russian President Vladimir Putin for the first time about the disaster, amid mounting horror over the treatment of victims' remains. "He said all the right things and now we need him to be as good as his word," Abbott told 2GB radio, declining to comment in detail about his discussion with Putin.

US Secretary of State John Kerry on Sunday demanded Moscow take responsibility for actions of pro-Russian rebels whom Washington suspects of downing the jet with a missile. He expressed disgust at their "grotesque" mishandling of the bodies.

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