Stocks to watch: Singtel, Epicentre, Sin Heng Heavy Machinery

SINGAPORE Telecommunications (Singtel): The telco said on Thursday it plans to buy a 21 per cent stake in Intouch Holdings PCL and a 7.39 per cent stake in Bharti Telecom from Temasek for S$2.47 billion in cash.

It said the acquisitions give it a unique opportunity to increase economic exposure to high-growth telecom sectors in Thailand and India.

Epicentre Holdings: The group has issued a profit warning for the financial year ended June 30, 2016, adding that it expects to report a loss, due to "lower sale from certain Apple products as well as erosion of gross profit margin derived from the sale of third party accessories as a result of increased price competition".

It also provided added provisions in anticipation of the soft information technology and consumer electronics sector.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

Epic Research Singapore : S&P Market News Update

US stocks mostly rose on Thursday, with the S&P 500 closing at yet another record on better-than-expected jobless claims data and the European Central Bank's move to keep rates unchanged.

Trading volume was also lower than average, with about 6.4 billion shares traded on US exchanges, according to data from BATS Global Markets, below the daily average of about 7 billion in the past month. "We had a bit of a selloff in midday session and late afternoon, but the fact the S&P 500 managed to set another record shows how much resistance this market has to geopolitical overhang that is clearly not over, resistance to bad news.
 
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

Epic Research Singapore : Forex Market Update

The dollar advanced against key rivals Friday and appeared poised for a small weekly gain, with investors slated to assess new U.S. housing data later in the day.

The ICE dollar index DXY +0.08%  , which tracks the U.S. unit against six other currencies, was at 80.330, higher than 80.280 late Thursday. The WSJ Dollar index XX:BUXX +0.08% , an alternate gauge of the greenback’s strength against a broader basket of rival currencies, rose to 73.71 from 73.62.

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