Singapore Pre-Market Monday: DBS, Sheng Siong, Noble, SIA Engineering
Singapore’s stocks were headed to the open on Monday with a lackluster lead, with Wall Street essentially flat on Friday. But DBS’ higher-than-expected earnings were…
Singapore’s stocks were headed to the open on Monday with a lackluster lead, with Wall Street essentially flat on Friday. But DBS’ higher-than-expected earnings were…
The fixed battle between troubled commodity trader Noble and one of its major shareholders took a sharp turn on Friday, spilling into another war of…
Sembcorp Marine shares tumbled on Thursday after the company reported earnings that missed expectations. The stock was down 6.28 percent at S$2.09 at 11:56 A.M….
Singapore’s shares are set to start trade on Thursday with positive leads from Wall Street and regional shares. The Dow Jones Industrial Average ended Wednesday…
Nomura downgraded Keppel Corp. to Neutral from Buy, saying the stock’s re-rating was set to pause as earnings were peaking. Quarterly earnings momentum likely peaked…
WH Group, the largest pork company in the U.S. and China, is an “underappreciated cash cow,” Nomura said, starting coverage of the stock at Buy,…
This article was originally published on Monday, April 23, 2018 at 8:32 A.M. SGT; it has since been updated. Singapore stocks faced a middling lead…
Credit Suisse restarted coverage of Top Glove at Outperform with a target price of 11.85 ringgit, pointing to attractive valuations. “The disruption in China’s glove…
Singapore’s shares on Thursday got a middling lead from Wall Street, where markets were mixed. The Dow Jones Industrial Average slipped 0.16 percent, while the…
Nomura started Sime Darby at Buy with a 3.45 ringgit target price, pointing to solid earnings prospects. “We like SD on its earnings upcycle prospects (2018F-2020F…
UOB KayHian upgraded Ezion to Hold from Sell on its expectations the successful restructuring can lead to a recovery and a potential re-rating of the…
Malaysia’s crude palm oil (CPO) stockpile fell to a five-month low in March and it’s set to fall further ahead, DBS said in a note…
Singapore shares may open on the back foot on Thursday after geopolitics and the U.S. Federal Reserve both shook Wall Street on Wednesday. U.S. President…
China’s textile-sector shares are set to remain volatile amid the specter of a trade war with the U.S., but it isn’t clear there will be…
DBS upgraded Ezion to Buy from Fully Valued after Temasek-linked Pavilion Capital invests up to S$50 million in the company. “Ezion is poised to re-rate…
Trade war fears may have eased a bit on Tuesday after Chinese President Xi Jinping repeated his pledges to open new sectors and lower tariffs,…
Singapore’s market may be jittery on Monday after Wall Street tumbled on Friday, hit by a double whammy of the Trump administration’s escalating trade-war rhetoric…
If China proceeds with proposed tariffs on imports of U.S. soybeans, that could push up crude palm oil (CPO) prices, but traders shouldn’t get too…
China’s threatened 25 percent tariff on imports of U.S. soybeans could hit profits at Wilmar and Golden Agri, even as it may boost palm oil…
With the U.K.’s sugar tax on soft drinks taking effect on Friday, Societe Generale has advised putting stock portfolios on a “low-sugar diet,” drawing parallels…
If China proceeds with tariffs on imports of U.S. soybeans, the long-term impact on Singapore-listed Wilmar would be negative-to-neutral, RHB said in a note on…
China’s quick, harsh retaliation for proposed U.S. tariffs may show that the mainland could get the upper hand in the Trump administration’s trade war. The…
Singapore’s Straits Times Index will break out of its 3400-3500 tightening consolidation in the next one to two months, DBS said in a note on…
Nomura tipped going short Russia’s ruble, citing country-specific factors as well as the rise in crude oil positioning. “Long ruble positioning is crowded, with the…
Soybeans may be tipped as China’s weapon of choice in any trade war with the U.S., but Capital Economics noted that targeting the U.S. crop…
Sembcorp Marine is the best proxy to ride the offshore and marine recovery, DBS said, pointing to expectations that orders wins are set to rise….
Morgan Stanley pointed to signs “green shoots” in Singapore’s offshore and marine sector were accelerating, with the order book recovery becoming more pronounced. “Potential FPSO…
Oil producers perform best in the “restraint” phase of the cycle, with Big Oil about to see a new golden age, Goldman Sachs said in…
Societe Generale advised re-distributing equity allocations out of U.S. markets, citing in part an “unpredictable administration, which seems to lack cohesion” as well as upcoming…
UOB said it was sticking with a negative call on gold, pointing to the rising funding costs to maintain a long position on the yellow…
It’s been a tough week for Noble Group. The beleaguered commodities trader had been grappling with repeated blows for the past three years, after Iceberg…
CGS-CIMB started Dyna-Mac at Add, with a target price of S$0.18. “Given the better financial footing now, we believe DMHL’s risk-reward is skewed to the…
Lower oil prices aren’t necessarily denting energy companies’ returns any more, Woodside CEO Peter Coleman said on Monday at the Credit Suisse Asian Investment Conference…
The metals and mining industry hasn’t been getting much love from investors, but that’s set to change this year, CFRA said in a note last…
U.S. President Trump’s tariffs on steel and aluminum imports will “invariably” raise prices of those metals, and that’s likely to hit U.S. shale producers, OCBC…
While it might be too early to call the dollar bull market dead, the evidence suggests it is, Wells Fargo Investment Institute said in a…
U.S. President Trump may have imposed harsh tariffs on steel and aluminum, albeit with exceptions, but Wells Fargo Investment Institute said that didn’t change its…
While emerging markets bonds, equities and currencies have bounced back a tad from the recent selloff, their best days are now over, Capital Economics said…
J.P. Morgan has broken out its playbook for rising inflation after U.S. figures have printed stronger than expected surprising even its economists, who had expected…