DBS: Fourth Singapore telco likely unviable amid aggressive MVNO expansion
Singapore’s incumbent telecommunications players will face a few years of pain ahead as aggressive moves into mobile virtual network operators (MVNOs) hit revenue, but that…
June 2018
Singapore market trends Friday: Wall Street rises, US GDP revised down, Nikkei wobbles
Singapore’s stocks may face fewer headwinds on Friday after a positive lead from Wall Street and as there were few new developments in the U.S….
Singapore stocks to watch Friday: Yangzijiang, AddValue, Keppel, Tee Land, Koh Brothers
These are the Singapore stocks to watch on Friday 29 June 2018: Yangzijiang Shipbuilding Yangzijiang Shipbuilding said it bought back 2 million shares in the…
These are four signs equity markets have trade war jitters
While trade tensions haven’t yet caused dramatic global market moves yet, there are at least four signs that equity markets are getting jittery over a…
World Cup Thursday: Why Germany’s ouster could shake market forecasters
A funny thing happened on the way to the World Cup final: Germany, the favorite to win for a second straight time, didn’t make it…
Singapore market trends Thursday: Trade war jitters on the rise, oil climbs
Singapore shares will open trade on Thursday with negative leads from Wall Street and regional markets amid contradictory statements from the U.S. on how it…
Oil prices surge amid reports of supply disruptions in Canada
Oil prices are climbing amid reports of production disruptions in Canada, adding to concerns that Iran’s output will soon be removed from global markets even…
Singapore stocks to watch Thursday: M1, Oxley Holdings, Yangzijiang, BreadTalk, Yanlord
These are the Singapore stocks likely in focus on Thursday 28 June 2018: M1 M1 said its wholly owned subsidiary M1 Net entered a deal…
SGX sets rules to allow dual-class share listings
SGX introduced rules on Tuesday to allow companies to list under a controversial dual-class share structure in Singapore. “SGX today joins global exchanges in Canada,…
Singapore market trends Wednesday: US trade flip-flops may offer support, energy shares eyed
Singapore’s shares will face continued global trade tensions on Wednesday, but White House flip-flops may offer a sentiment boost on hopes the U.S.’s threats are…
Singapore stocks to watch Wednesday: CapitaLand, Sembcorp, No Signboard, Venture, Wilmar
These are the Singapore stocks likely in focus on Wednesday 27 June 2018: CapitaLand CapitaLand said it acquired Chongqing Zhonghua Real Estate, which owns 32-hectare prime…
Singapore property developers: ‘cheap just got cheaper,’ OCBC says
OCBC tipped a buying opportunity in Singapore’s property developers, saying the drops in their share prices don’t reflect solid fundamentals. “Demand factors remain largely robust,…
StarHub upgraded by Daiwa as risks may be priced in
Daiwa upgraded StarHub to Hold from Sell saying the near-term risks were priced into the stock, but it added that the telco needed a “more…
Singapore market trends Tuesday: Negative leads as trade war escalates, claims US victims
Singapore’s stocks are facing a negative lead on Tuesday as Wall Street dropped overnight amid signs the U.S. trade war will continue to escalate, sending…
Singapore stocks to watch Tuesday: Keppel, StarHub, Roxy-Pacific, Sembcorp, China Kunda
These are the Singapore stocks likely in focus on Tuesday 26 June 2018: Keppel Corp. Keppel Corp. said that its subsidiaries entered a deal to…
‘Seafood treasure’ Jumbo Group started at Add by CGS-CIMB
CGS-CIMB started Jumbo Group at Add with a S$0.62 target price, calling the established chilli crab purveyor a highly profitable “seafood treasure.” “Established in 1987,…
Intel downgraded by Nomura Instinet after CEO’s departure
Nomura Instinet downgraded Intel to Neutral from Buy after the sudden departure of the chip maker’s CEO, calling the company a “chip without a sail.”…
Goldman Sachs cuts outlook for Asia stocks, but still calls them ‘attractive’
Goldman Sachs cuts its outlook for Asian equities, but it added that they remain “attractive” despite headwinds from escalating U.S.-China trade frictions. It lowered its…
Update: Singapore stocks to watch Monday: Sembcorp Industries, Wilmar, Citic Envirotech, Noble, Venture
These are the Singapore stocks to watch for Monday 25 June 2018: Sembcorp Industries Sembcorp Industries said its wholly owned subsidiary Sembcorp Solar Singpaore won…
Singapore market trends Monday: US escalates trade war with China, Nikkei opens lower
Singapore’s shares may start the week on the back foot, with the U.S. pushing the gas on its trade war with China. Singapore stocks to…
Yangzijiang Shipbuilding upgraded to Outperform by Daiwa on ‘bottom-fishing opportunity’
Daiwa upgraded Yangzijiang Shipbuilding to Outperform from Underperform, calling it a “bottom-fishing opportunity” amid improving fundamentals in the China shipbuilding industry. It pointed to “gradual”…
Japfa started at Buy by Maybank KimEng as agri-food player set to recover
Maybank KimEng started agri-food player Japfa at Buy with S$0.86 target price on expectations for a sharp profit rebound after a hit from a “perfect…
Ho Bee’s UK office buy at discount to asking price and will boost EPS: Maybank KimEng
Ho Bee Land snapped up the Ropemaker Place Grade-A office building in London at a discount to the reported initial asking price, in a deal…
Citic Envirotech should be sheltered from US-China trade war fallout: UOB KayHian
Citic Envirotech should face minimal U.S.-China trade war risk due to its defensive business, while its share buyback highlights management’s confidence in its outlook, UOB…
Link REIT upgraded to Buy by Nomura on buyback hopes and trade-war safe haven status
Nomura upgraded Link REIT to Buy from Neutral on expectations the REIT could restart unit buybacks “anytime” and as it offers a relative safe haven…
UOB KayHian: Don’t get over-bearish on palm oil despite US trade war’s hit to soybeans
The U.S.-China trade war has pressured U.S. soybean prices, with knock-on effects dragging crude palm oil prices to a more than two year low, but…
Perma-bear Albert Edwards: US-China spat may be prelude to full-blown US-EU trade war
A potential trade war between the U.S. and the European Union is a far bigger threat than the risk of a full-scale trade war between…
Noble lands US$100M trade finance facility with perpetual securities holders
Troubled commodity trader Noble said on Friday it had secured a binding commitment for an additional US$100 million three-year trade finance facility with a consortium…
Singapore market trends Friday: US trade war hits Daimler, border crisis, dollar weakens
Singapore’s shares may end the week on the back foot, as the U.S. trade war was set to continue spooking investors and as traders may…
Singapore stocks to watch Friday: Yangzijiang, Venture, Keppel, ComfortDelGro, Wilmar, Sunpower
These are the Singapore stocks to watch on Friday, 22 June 2018: Yangzijiang Shipbuilding Yangzijiang Shipbuilding said its wholly owned subsidiary Jiangsu New Yangzi Shipbuilding…
Why Mapletree Logistics’ China properties may be immune to the US trade war
Logistics-related securities may have faced pressure amid the U.S. trade war with China, but even with its recent purchases of China properties, Mapletree Logistics Trust…
SocGen: Trade ideas in Asia markets for the US trade war
As the U.S. trade war escalates tensions globally, Societe Generale advised “go domestic” in its Asia equity strategy. “In Asia ex-Japan as a whole, the…
Singapore Airlines downgraded by UOB KayHian amid US trade war fears
UOB KayHian downgraded Singapore Airlines to Hold, despite better-than-expected passenger loads, amid concerns over cargo profitability as the U.S. pursues a trade war. “A potential…
Singapore market trends Thursday: Nasdaq rallies, OPEC eyed, US trade war simmers
Singapore’s shares may shrug off U.S. trade war fears on Thursday after a mild lead from Wall Street overnight. Singapore stocks to watch Thursday: HPHT,…
Singapore stocks to watch Thursday: HPHT, Yongnam, Wilmar, Keppel, Accordia Golf
These are the Singapore stocks to watch on Thursday 21 June 2018: Hutchison Port Holdings Trust Singapore wealth fund Temasek’s deemed interest in Hutchison Port…
Singapore developer share price weakness is chance to buy, Maybank KimEng says
The weakness in Singapore developers’ share prices is an opportunity to buy as the home price rally was set to continue, Maybank KimEng said. While…
Nomura raises Brent crude oil forecasts amid Venezuela, Iran supply declines
Nomura raised its Brent crude oil forecast to US$70 a barrel from US$65 for 2018-19, pointing to risks of supply declines amid a healthy demand…
BYD downgraded to Reduce from Buy by Nomura on earnings headwinds
Nomura downgraded BYD to Reduce from Buy, pointing to a “growing disconnection” between electric vehicle (EV) volume growth and profit amid stiffer competition and “thriftier”…
Noble clears hurdles in rocky restructuring, as Goldilocks drops objections
Noble said major shareholder Goldilocks had dropped its objections to the troubled commodity trader’s restructuring plan in exchange for revisions and that the two would…
Singapore market trends Wednesday: Trade war fears heighten, China shares watched
Singapore shares face another tough audience on Wednesday as the U.S. trade war weighs on sentiment across trade-dependent Asia even as the World Cup is…