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…
Commodities
Troubled Noble and its major shareholder Goldilocks swap another set of barbs
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…
SembMarine shares tumble after earnings ‘significantly’ miss forecasts
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 Pre-Market Thursday: Sembcorp Marine, Venture, Noble
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…
Keppel Corp downgraded by Nomura as earnings set to peak
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…
Nomura: Pork producer WH Group is ‘underappreciated cash cow’
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,…
Singapore Pre-Market Monday: SGX, CMT, Noble, Jinjiang Environment
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…
Top Glove rated at Outperform by Credit Suisse on attractive valuation
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 Pre-Market Thursday: Noble, Courts Asia, CapitaLand Mall Trust
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…
Sime Darby started at Buy by Nomura on earnings growth upcycle
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…
Ezion upgraded by UOB KayHian on expectations of post-restructuring recovery
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 crude palm oil inventories set to fall further: DBS
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 Pre-Market Thursday: Oil shares, ST Engineering, Lian Beng likely in focus
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…
How China’s textile sector would weather a potential trade war
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…
Ezion upgraded to Buy by DBS after investment from Temasek-linked fund
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…
What would happen to commodities in a US-China trade war?
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 Pre-Market Monday: Keppel, Hyflux likely in focus amid jittery trade
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…
This is the best plantation play on any US-China trade war hit to soybeans: Deutsche Bank
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…
How a tariff on China’s imports of US soybeans will hit Wilmar, Golden Agri
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…
Societe Generale: Your portfolio needs a ‘low-sugar’ diet
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…
Wilmar could face a hit if China imposes tariffs on soybeans: RHB
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…
Why China may have the upper hand in a trade war with the US
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…
DBS: Singapore STI to break out of range soon
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: Go short the ruble as crude oil longs near highs
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…
Why soybeans are a double-edged sword in any US-China trade war
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 the offshore & marine recovery: DBS
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 upgrades SembMarine to Overweight, turns positive on Singapore O&M
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…
Goldman Sachs: Get ready for a new golden age for Big Oil
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: Time to rotate out of US stocks to avoid ‘overdue’ crash
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: Gold prices are set to fall amid rising interest rates
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…
Fresh blows for Noble Group as it defaults on debt payments
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 starts Dyna-Mac at Add as proxy to FPSO upswing
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…
Woodside CEO: Why $65 is oil’s new $80
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…
Metals and mining shares may be poised to rise: CFRA
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…
Why Trump’s metals tariffs could stymie the US shale oil producers
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…
Is the dollar bull dead? Wells Fargo thinks it might be
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…
Will Trump’s tariffs push up commodity prices? Wells Fargo thinks not
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…
Emerging markets assets’ best days are over, Capital Economics says
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…
JPMorgan: This is the playbook for rebalancing portfolios around inflation
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…