Indonesia’s rupiah drops to weakest since late-1990s Asian Financial Crisis
Indonesia’s rupiah fell to its lowest against the U.S. dollar since the Asian Financial Crisis struck in the late 1990s on Friday amid a general shunning of emerging…
August 2018
SocGen: Expecting US dollar to rise on Fed rate hikes is a ‘fairy tale’
Expecting the U.S. dollar to rise as the Federal Reserve hikes interest rates is a “canard,” that’s unlikely to materialize, said Alvin Tan, foreign exchange…
Singapore market trends Friday: US trade war threats may spur market jitters
Singapore shares appear set on Friday to start the last trading session of August on a negative note amid threats from U.S. President Trump to…
Singapore stocks to watch Friday: ESR REIT, Keppel REIT, CityDev, Interra, Shopper360
These are the Singapore stocks likely in focus on Friday, 31 August 2018: ESR REIT ESR REIT said on Thursday that it had been informed…
Crude oil points flat to weaker ahead of Asian open
Crude oil prices pointed flat to weaker ahead of the Friday Asian open with U.S. rig count data expected to set the tone. ICE Brent…
SICOM rubber factors to watch for Friday, August 31
The SICOM front-month contract settled down 0.2 percent to 132.4 U.S. cents per kg. TOCOM February delivery rubber futures ended up 1.4 yen to 173.9…
Crude palm oil futures in Malaysia end higher into long weekend
Bursa Malaysia front-month palm oil futures for November rose 1.4 percent to 2,248 ringgit ($547.22) a metric ton on Thursday on volumes of 42,591 lots…
Daiwa: CMT’s Westgate deal expensive, but ‘could have been worse’
CapitaLand Mall Trust’s deal to buy the 70 percent of Westgate mall it doesn’t already own doesn’t look attractive, Daiwa said in a note on…
Y Ventures downgraded by DBS on cost concerns, lower earnings forecasts
DBS downgraded Y Ventures to Hold from Buy, pointing to near-term cost concerns, which it expected could lead to a range-bound stock price. “While we remain…
UOB KayHian advises rejecting offer for Wheelock Properties shares
UOB KayHian advised that shareholders reject the general offer for shares of Wheelock Properties (Singapore), pointing to “hidden value” in its China development and valuation…
Singapore stocks to watch Thursday: Hyflux, UOB, Synagie, Koufu, AsiaPhos, Y Ventures
These are the Singapore stocks which may be in focus on Thursday, 30 August 2018: Hyflux Hyflux said on Wednesday that Securities Investors Association (Singapore), or…
Singapore market trends Thursday: NAFTA optimism may spur shares higher
Continued optimism over what appears to be a tamping down of the U.S. trade war may help bolster Singapore shares on Thursday, after Wall Street…
Crude prices up Thursday ahead of Asia session
Crude oil prices held gains heading into Thursday’s Asian session as official data on U.S. inventories showed a surprise drop in supplies. ICE Brent crude…
SICOM rubber factors to watch for Thursday, August 30
The SICOM front-month contract settled at a two-week low of 132.7 cents per kg, down 0.3 percent. TOCOM February delivery rubber futures ended down 0.3…
Crude palm oil futures in Malaysia seen weaker on analyst views
Palm oil futures on the Bursa Malaysia Derivatives exchange are expected to edge down in trade on Thursday on a series of bearish forecasts. Bursa…
Koufu reports 2Q18 net profit falls slightly as interest income fell
Singapore food-court operator Koufu reported its second quarter net profit fell 2.6 percent on-year to S$6.16 million amid a decline in interest income. Finance income…
Update: ASEAN ministers may intend to side-step protectionism from the West
At the 50th ASEAN economic ministers meeting on Wednesday, the public message of opening statements suggested Southeast Asia was looking to side-step, or potentially short-circuit,…
Singapore food-court operator Koufu started at Buy by DBS
DBS started Koufu at Buy with a S$0.84 target price, saying the operator of 48 Singapore food-courts and 14 coffee shops, and one food-court in Macau,…
Why new HDB measures are another reason to be cautious on Singapore developers
The Singapore government’s newly announced public housing initiatives to assuage fears over the 99-year leasehold period are set to improve buyer sentiment in the segment,…
CapitaLand upgraded to Buy by Daiwa, saying shares are ‘extremely’ undervalued
Daiwa upgraded CapitaLand to Buy from Outperform, saying the shares look “extremely undervalued” compared with the property developer’s positive deal flow and share buyback activity….
Update: Singapore stocks to watch Wednesday: Wing Tai, Yanlord, CapitaLand, Sunpower, Asiatravel.com
These are the Singapore stocks which may be in focus on Wednesday 29 August 2018: Wing Tai Holdings Wing Tai Holdings reported on Tuesday that…
Singapore market trends Wednesday: NAFTA hopes may bolster sentiment
Singapore shares may get an additional fillip on Wednesday from optimism that a deal on updating the NAFTA trade pact will soon be ironed out,…
Wing Tai reports fiscal 4Q net profit surges nearly 14 times
Wing Tai Holdings reported on Tuesday that its fiscal fourth quarter net profit surged nearly 14 times on-year to S$129.79 million from S$9.49 million a…
Crude oil seen narrowly mixed in Asia
Crude oil prices were narrowly mixed ahead of the Asian trading session on Wednesday after industry estimates of U.S. inventories unexpectedly rose. ICE Brent crude…
SICOM rubber factors to watch for Wednesday, August 29
* – The SICOM front-month contract settled at a two-week low of 135.1 U.S. cents per kg, down 1.6 percent. * – TOCOM February delivery…
Crude palm oil futures in Malaysia expected to hold gains
Palm oil futures on the Bursa Malaysia Derivatives exchange are expected to hold gains on Wednesday on a tighter production forecast for this year and…
Yanlord sells nearly S$600 million of apartments on launch day of Nanjing project
Yanlord Land sold more than 2.986 billion yuan, or nearly S$600 million, in pre-sales transactons of apartments on the launch day of its Nanjing project,…
Civmec reports fiscal 4Q net profit surges more than 8 times
Civmec reported on Tuesday that its fiscal fourth quarter net profit rose 819.5 percent on-year to S$7.92 million, amid higher contributions from existing contracts as projects…
Raffles Medical tie-up with CTIG will boost China outlook: UOB KayHian
Raffles Medical Group’s tie-up with China Taiping Insurance Group, or CTIG, is a positive move that’s set to drive patient load and extend the Singapore-based…
Is CapitaLand Mall Trust overpaying for stake in Westgate mall?
CapitaLand is getting the “sweeter deal” in its sale of 70 percent of Westgate mall to CapitaLand Mall Trust, Nomura said in a note on…
Keppel T&T downgraded by UOB KayHian, citing lackluster earnings
UOB KayHian downgraded Keppel Telecommunications & Transportation to Hold from Buy, saying earnings were likely to be lackluster in the near-to-medium term amid logistics start-up…
Singapore market trends Tuesday: Trade war tensions show signs of easing
Singapore’s shares may get a boost from signs the U.S. trade war could enter a cease fire, after Wall Street got a boost after the…
Crude palm oil futures on the Bursa Malaysia Derivatives exchange point down
Palm oil futures on the Bursa Malaysia Derivatives exchange are seen headed lower on Tuesday on weaker export trends and tension with major trade partner…
Noble shareholders approve restructuring proposal overwhelmingly
Noble Group said on Monday that its shareholders overwhelmingly approved its restructuring proposal, which the troubled commodity trader has previously indicated was necessary to the…
Singapore stocks to watch Tuesday: CMT, Noble, Raffles Medical, Koda, Koufu
These are the Singapore stocks likely in focus on Tuesday, 28 August 2018: CapitaLand Mall Trust CapitaLand Mall Trust is set to acquire the 70…
SICOM rubber factors to watch for Tuesday, August 28
* – The SICOM front-month contract settled at 134.1 U.S. cents per kg, down 1.5 cents. * – TOCOM January delivery rubber futures fell 0.6…
Crude oil higher in early Asia trading ahead of API estimates
Crude oil prices were up slightly ahead of Asian trade on Tuesday with weekly industry estimates of U.S. inventories in focus. ICE Brent crude was…
CapitaLand Mall Trust to acquire rest of Westgate in S$805.5 million deal
CapitaLand Mall Trust is set to acquire the 70 percent of Infinity Mall Trust it doesn’t already own for S$805.5 million from CapitaLand, including other…
Singapore stocks to watch Monday: Yanlord, Oxley, Wheelock, Noble, Creative Tech, KSH
These are the Singapore stocks likely in focus on Monday, 27 August 2018: Yanlord Land Yanlord Land said on Friday that its wholly owned subsidiary…
Synagie started at Buy by UOB KayHian as a fast-growing Southeast Asian e-commerce player
UOB KayHian started Synagie at Buy with S$0.45 target price, saying it’s one of Southeast Asia’s fastest growing e-commerce startups, and a leading e-commerce “enabler”…