Hot stock: CNMC Goldmine up 4.8% on active trade

SHARES of CNMC Goldmine Holdings leapt on active trading on Monday in an otherwise listless market, likely buoyed by continued positive sentiment stemming from its second-quarter results.

At 12.30pm, the share price was up 4.8 per cent or 2.5 Singapore cents at 54.5 Singapore cents, after 10.9 million shares changed hands. The broader Singapore market was edging down, with the benchmark Straits Times Index down 2.67 points at 2,841.35.

Dealers note that investors were probably responding to CNMC's strong set of results for the second quarter ended June 30 released earlier this month and higher dividends.

Having produced and sold a record amount of gold output and achieved higher average gold prices, CNMC posted a 31 per cent growth in net profit to US$4.70 million from the year-ago period. It reported its highest quarterly gold output and sales of 9,807 ounces since it started gold production in July 2010, 24.5 per cent more than a year earlier. The average realised gold price was 8.1 per cent higher in the quarter than a year ago.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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Google Market News Update : Epic Research Singapore

Shares of Google Inc. led tech stocks lower Tuesday, closing at a 14-month low following a price target cut at J.P. Morgan Chase that questioned the viability of its fundamentals.

Google’s GOOGL, -3.43%  stock closed down 3.4% to $498.16, its lowest close since October 2013. J.P. Morgan analyst Doug Anmuth cut his estimates on Google and lowered his price target to $600, although a broader market selloff pushed tech stocks lower across the board.

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Google Market News Update : Epic Research Singapore

European elected officials are preparing to call for a breakup of Google Inc. GOOG, +0.50% GOOGL, +0.39% according to a published report Friday. A draft motion from the European Parliament indicates "unbundling of Google's search engine from other commercial services" would be a solution to the company's dominance, The Financial Times reported. 

The European Parliament has no actual power to break up companies, but the move could pressure the European Commission to take action, according to the report.

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Google Market News Update : Epic Research Singapore

Google today announced plans to shut down Orkut, its first attempt at building a social network. The platform will be formally closed on September 30, after which users will be unable to log in or export their photo albums to Google+.

Orkut grew out  of Google’s 20 percent initiative, which allowed employees to use a fifth of their working week on side projects. Of course, the social network has since been supplanted by Google+, a more ambitious service that ties into many of Google’s other products. The decision to close Orkut is therefore hardly surprising – the fact it took so long is probably more of a shock.

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Google Market Update : Epic Research Singapore

At Google I/O on Wednesday, Google unveiled the newest version of Android called L. This is Google's most ambitious update to Android yet; it's a complete reinvention of Android's UI design.

Taking elements from iOS 7 and Windows Phone 8, L features new colors, new notifications and brand new design guidelines.

Google set out Wednesday to expand its Android empire beyond smartphones to cars, watches and televisions.

"We are beginning to evolve our platforms beyond mobile," Android and Chrome teams chief Sundar Pichai said of how Google's twin operating systems are being adapted to work with one another and with new types of computing hardware.
 
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Google Market News Update : Epic Research Singapore

Google Inc. plans to spend more than $1 billion on a fleet of satellites to extend Internet access to unwired regions of the globe, people familiar with the project said, hoping to overcome the financial and technical problems that thwarted previous efforts.

The project will start with 180 small, high-capacity satellites orbiting the earth at lower altitudes than traditional satellites, and then could expand.

Google’s GOOG +0.38%   satellite venture is led by Greg Wyler, founder of satellite-communications startup O3b Networks Ltd., who recently joined Google with O3b’s former chief technology officer.

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