Stocks to watch: ST Engineering, Midas, China Everbright Water, Raffles Education

THE following stocks may be in focus on Thursday:

ST Marine: The turnkey shipbuilding subsidiary of Singapore Technologies Engineering is well-placed to land the first newbuilding contract that the Singapore Civil Defence Force (SCDF) is set to award in 2016, just over four years after the SCDF assumed the fire-fighting function within Singapore's waters. The Business Times understands that ST Marine has emerged as the frontrunner in a tender for the construction of three new vessels to undertake marine fire-fighting and rescue operations in Singapore's maritime waters.

Midas Holdings: Its subsidiary, Jilin Midas Aluminium Industries Co, has landed two supply contracts worth 53.8 million yuan (S$10.9 million) from customers in China, the company said in a release to Singapore Exchange on Wednesday.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

US Stocks update Stocks end mostly flat as investors brace for key jobs report

U.S. stocks relinquished modest gains to end mostly flat Thursday as investors awaited the closely watched jobs report due Friday. An earlier bounce for equities, following the Bank of England’s decision to cut its key interest rate for the first time in seven years faded as Wall Street wrestled with mixed economic reports.

The S&P 500 index closed virtually flat at 2,164.25, with the tech and materials the only two sectors finishing in positive territory.

The Dow Jones Industrial Average ended near break-even at 18,352.05, with the blue-chip benchmark limited by a 1% fall in shares of Walt Disney Co., offsetting a 1% gain in Visa Inc..

The Nasdaq Composite Index  closed up 6.51 points, or 0.1%, at 5,166.25.

Friday’s jobs report is likely to command more attention given the surprising readings from the two previous labor data, according to Bruce Bittles, chief investment strategist at RW Baird & Co. A Labor Department report for June showed that a surprisingly strong 287,000 were created, following employment data for May that revealed a paltry 11,000 were created.

Economists surveyed by FactSet are projecting the U.S. economy to have added 185,000 jobs in July.

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

Singapore shares open lower on Friday; STI down 0.06% to 2,830.22

SINGAPORE shares slipped early on Friday, with the Straits Times Index (STI) easing by 0.06 per cent, or 1.74 points, to 2,830.22 as at 9.04 am.

However, gainers outnumbered losers 77 to 48, or about three up for every two down, after 74 million shares worth S$125.2 million had changed hands.

DBSGroup Holdings slipped by 0.5 per cent, or eight Singapore cents, to S$14.96 as at 9.03 am amid concerns about the bank's exposure to the oil and gas sector following client Swiber Holdings' winding-up application.

Genting Singapore slid 4.4 per cent, or 3.5 Singapore cents, to 76 Singapore cents. The casino operator reported overnight that it had narrowed its second-quarter loss to S$10.5 million from a year-ago S$16.9 million.

To Know More Updates about any stocks of ‪#‎SGX‬ Register Here http://goo.gl/KK2LDJ


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

Singapore shares close mixed as pressure eases on O&M sector

Street's avoidance of an eighth straight loss on Wednesday helped bring some stability here on Thursday via short-covering that lifted the Straits Times Index 4.38 points to 2,831.96. Bounces in Singtel, SGX and SPH contributed to this gain, on a day when the advance-decline score excluding warrants was 219-175, indicating a more mixed session than the index's reading would suggest.

There was little indication in the futures market as to how Wall Street would trade on Thursday, with the Dow futures edging slightly higher but the S&P 500 futures falling marginally. Europe's positive opening in the late afternoon shed little additional light as most of the markets there had also come under selling pressure in recent days.

Noble Group topped the actives list when it rebounded from several days of selling, gaining S$0.013 or almost 10 per cent at S$0.145 on volume of about 400 million.

Offshore and marine (O&M) stocks enjoyed some respite after oil inched higher in overnight trading, its price rising above S$40 per barrel after falling to S$39 a day earlier. SembCorp Marine rose S$0.01 to S$1.335 on volume of 3.4 million but parent SembCorp Industries (SCI) fell S$0.02 to S$2.72 with a heavy 13.9 million 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

Read More

Epic Research Singapore : U.K Market Update

Growth in British house prices cooled for the third straight month in March, despite recording their biggest annual rise in almost four years, data from mortgage lender Nationwide showed on Wednesday.
 
House prices rose 0.4 per cent last month, the slowest pace of monthly growth since June last year, slowing from an upwardly revised 0.7 per cent increase in February, Nationwide said.

But in year-on-year terms, house prices in March were 9.5 per cent higher, stronger than a rise of 9.4 per cent in the 12 months to February and the biggest annual jump since May 2010.

The average price of a house in Britain now stands at 180,264 pounds (US$300,000), about 3 per cent below the 2007 peak unadjusted for inflation, Nationwide said. "There is little doubt that the recovery in the housing market is now firmly established, with activity levels picking up and house prices recording their 15th successive monthly increase in March.
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 : U.S Market Update

U.S. stock futures are tilted higher Wednesday some nine hours ahead of the New York open. Futures for the Dow Jones Industrial Average are up 26 points, or 0.2%, while those for the S&P 500 are up 3.4 points, or 0.2%. Nasdaq futures are 11 points, or 0.3%, higher. The moves come as Chinese share markets are making solid gains in afternoon trading, and with the ICE dollar index DXY -0.03% fractionally lower. 


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

It’s been a tough January and February, but forecasts suggest March and April should be better.

March and April have been the S&P 500’s two best months over the past two decades, says Ryan Detrick, senior technical strategist at Schaeffer’s Investment Research.

There’s no guarantee that this historical trend will hold in 2014, but it does offer some solace for stock bulls. While the S&P 500 SP SPX +0.00% has run into resistance this week as it’s neared its Jan. 15 record close, perhaps that resistance will melt away as March begins. 

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 : U.S Market Update

Asia's markets were mixed on Wednesday as traders were left unimpressed by a weak batch of US economic indicators, although early losses were pared in Tokyo as the dollar staged a rebound against the yen.
 
The euro enjoyed a measure of support after European officials raised their growth forecasts as the region slowly recovers from its 
debilitating debt crisis.

Tokyo dived more than one percent at the open because of a stronger yen but the market rebounded in line with a greenback revival and by the break the Nikkei was 0.13 per cent off.
Hong Kong added 0.26 per cent, Sydney gained 0.24 per cent and Seoul was flat but Shanghai shed 0.18 per cent, adding to Tuesday's losses on fresh liquidity fears.

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 : U.K Market Update

European stock markets fell from a six-year closing high on Tuesday, with mining firms sliding as metals prices weakened and Vivendi SA dropping after an earnings report. The Stoxx Europe 600 index XX:SXXP -0.28% lost 0.3% to 337.21, after closing at the highest level since January 2008 on Monday. Miner Rio Tinto PLC UK:RIO -2.86% RIO -2.72% AU:RIO -1.34% gave up 2.9%, BHP Billiton PLC UK:BLT -1.56% BHP +0.06% AU:BHP -0.71% fell 1.8% and Glencore Xstrata PLC UK:GLEN -1.50% erased 1.8%. French telecom firm Vivendi SA FR:VIV -3.48% declined 2% after saying sales continued to suffer at its phone business SFR last year. Among country-specific indexes, the U.K.'s FTSE 100 index UK:UKX -0.51% dropped 0.5% to 6,830.17 after closing at the highest level since 1999 on Monday. France's CAC 40 index FR:PX1 -0.44% eased 0.5% to 4,398.32 and Germany's DAX 30 index DX:DAX -0.34% lost 0.4% to 9,673.09.

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 : U.K Market Update

European stock markets slipped from a six-year high on Monday, with markets mirroring a weak trading session in Asia, where the mood was dented by concerns about the Chinese property market. The euro, meanwhile, advanced after better-than-expected German business-confidence data.

The Stoxx Europe 600 index XX:SXXP -0.26%  dropped 0.3% to 335.22 after closing at the highest level since January 2008 on Friday.

Banking heavyweight HSBC Holdings PLC UK:HSBA -3.49% HSBC -3.11%   HK:5 -0.53% dropped 3.7% after reporting full-year earnings that missed expectations.

Among notable movers, shares of Volkswagen AG DE:VOW3 -5.04% slumped 6.3% after the German car maker late Friday offered to buy out minority shareholders in Scania AB.

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