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Singapore Stock City Developments Limited Update

CDL announced that they have reached an agreement with the independent directors of Millennium & Copthorne Hotels PLC (M&C) on the price at which these independent directors will recommend a possible cash offer to be made by CDL for all the outstanding ordinary shares in M&C that CDL does not already own. As at 9 Oct 2017, CDL indirectly owns 65.2% of the shares of M&C.

Singapore Stock City Developments Limited Update  www.mmfsolutions.sg

The proposed cash consideration comprises of a cash amount of 545 pence per M&C share and a special dividend of 7.5 pence per share which will be payable upon the offer becoming unconditional. This represents a 22.0% premium to the VWAP of 452.7 pence per share over the period of one month before 6 Oct 2017.

We highlight that there is no certainty a formal offer will be made, and discussions on the other terms and conditions of the proposed offer are still ongoing. We see this as a positive development for CDL given the attractive price of the proposed offer and believe a full consolidation of M&C on these terms will be accretive for the group.

Read More- OCBC kept at ‘buy’ on steady earnings growth in 3Q

Maintain BUY with an unchanged fair value estimate of S$12.90.

Singapore Stocks To Watch

  • FALCON ENERGY
  • TAT HONG
  • JAPFA
  • CHINA AVIATION
  • FRENCKEN

So Earn more With our Stock Recommendations

Recent Stock Recommendations

SGX:Buy FALCON ENERGY || Level 0.087|| Cut Profit @ 0.092 || Return 5.75%

KLSE:Buy PALETTE || Level 0.355 || Cut Profit @ 0.400 || Return 12.68%

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Posted by on October 10, 2017 in Stocks

 

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Singapore Market Reviews of Singapore Post, Lazada & CapitaLand

Singapore Post said on Monday it was finalizing details with Southeast Asian e-commerce player Lazada, majority owned by China’s Alibaba Group Holding, and Singaporean property developer CapitaLand to bring “click and collect” services to the postal company’s redeveloped shopping mall, ahead of its official opening on Oct. 12.

We are working closely with CapitaLand and Lazada to finalize the details for a ‘click and collect’ service at this mall,” said Paul Coutts, group chief executive of SingPost, on Monday at an opening event for the company’s general post office in the shopping complex.

Read More- Which Singapore Stocks are Trending of This Week? 

Although the details are yet to be finalized, the tie-up will bring the convenience of online shopping to brick-and-mortar stores. Leveraging on SingPost’s e-commerce logistics capabilities, the partnership will likely include a collection service for online purchases and a home delivery service for items bought at the mall.

The general post office offers postal services including a POPStation, SingPost’s automated parcel lockers where packages including e-commerce purchases can be collected, sent and returned. The new POPStation at SingPost Centre will have 143 lockers, making it the largest in the city-state.

At a construction cost of 150 million Singapore dollars ($111 million), the redevelopment of the mall is a part of SingPost’s efforts to ensure stable rent income as conventional malls are squeezed by online retailers. By expanding its e-commerce logistics capabilities to brick-and-mortar stores, SingPost hopes to attract new customers and retailers. The 25,000 sq. meter-complex had an 80.4% rate of committed occupancy as of end-September.

“The SingPost Centre underscores SingPost’s transformation for a future where technology is changing how people shop, dine and play,” said Mervyn Lim, deputy group chief executive of corporate services at SingPost.

Read More- Go-To Resources About Intraday Trading Signals

Besides the post office, the mall houses a number of shops that showcase new technology, such as virtual reality and dedicated smartphone apps, to bring added convenience to customers.

Singaporean supermarket chain NTUC FairPrice is introducing its SCAN2GO service at its new outlet in SingPost Centre. Registered customers can pick up a hand scanner when they start shopping, and scan items as they browse the store. Calling the new outlet a “living lab“, FairPrice aims to introduce a number of new digital initiatives at the outlet

The supermarket chain has also launched a dedicated app called “FairPrice @ SingPost“, which navigates customers to specific shelves inside the store according to their shopping lists, eliminating the hassle of searching for items. The app uses cloud-based big data to send user-specific promotions through the app. Online purchases can be collected at refrigerated “Click&Collect” lockers inside the store. The store will also offer an ‘experiential corner’ with a VR device where product manufacturers and others can showcase their products and provide an immersive experience for customers.

 
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Posted by on October 9, 2017 in Stocks

 

Buy , Sell & hold update of Sembcorp Marine

Sembcorp Marine (SMM) announced on Friday that PPL Shipyard has signed agreements for the sale of nine Pacific Class 400 jack-up drilling rigs to Borr Drilling for a total of about US$1.3b (~S$1.77b or US$144m/rig) plus a market-based fee calculated based on an uplift in value of the rigs sold.

Buy , Sell & hold update of Sembcorp Marine - www.mmfsolutions.sg

Borr will take delivery of the nine rigs progressively over a 14-month period from 4Q17 to 1Q19, and will make an upfront down payment of about US$500m; the balance US$800m will be paid at any time within five years from the respective delivery dates of the rigs.

The nine rigs include all six rigs from contracts PPL had earlier terminated with its original customers and three rigs presently under various stages of construction completion.

Recall that SMM had terminated five rigs in the past two months (with customers Oro Negro and Perisai); each unit was ordered at about US$208m in 2013. Excluding all interest and market fee payable by Borr, the transaction for the nine rigs will result in a loss of about S$15m for SMM.

However, this will significantly improve SMM’s liquidity position, helping it ride through the current cycle through and be well-positioned for an industry recovery.

Maintain BUY with S$1.98 fair value estimate on Sembcorp Marine

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Posted by on October 9, 2017 in Stocks

 

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Market Overviews: Singapore may let currency strengthen as growth quickens

Singapore’s central bank may signal its willingness to let the city-state’s currency strengthen next week, persuaded by a strengthening economy and signs that inflation could pick up next year.

Although most analysts believe an outright change to monetary policy is unlikely when the Monetary Authority of Singapore releases its half-yearly policy statement on October 13, many expect the bank to be a lot less dovish in its comments about inflationary pressures.

Preliminary growth estimates for the third quarter, to be released around the same time as the central bank statement, could show the economy expanded by close to 4% from a year ago, the fastest quarterly expansion in over three years.

Read More – What’s Holding Back the Stock Investment Singapore Industry?

Singapore manages monetary policy by letting its dollar rise or fall against the currencies of its main trading partners within an undisclosed trading band. The central bank can also adjust the width of the band to allow more volatility.

For the past 18 months, MAS has held to a “zero appreciation” policy, with no change to the width of the trading band.

In its last monetary policy statement in April, the central bank said that a neutral policy stance was appropriate for an extended period and that domestic sources of inflation remain relatively muted, due to the weak job market and falling rents.

“Markets will be paying particular attention to whether the MAS removes its guidance for an ‘extended period’ of neutral policy stance or downplays its significance, which could be taken to mean a tightening move soon,” said Sim Moh Siong, a currency strategist at Bank of Singapore, the private banking arm of Oversea-Chinese Banking Corp.

Read more – Why You’re Failing at Stock Investment Singapore

In a Reuters poll last month, 16 of 17 analysts forecast MAS would keep policy steady in October. However, the outlook has changed slightly since with many saying MAS could signal a possible tightening in monetary policy from as early as April next year. Financial institutions that expect some changes in the language include Bank of Singapore, Bank of Tokyo-Mitsubishi UFJ, HSBC, ING and United Overseas Bank.

“Economic conditions have improved, and inflation is expected to pick up in 2018, raising the prospect of a change in forwarding guidance,” Leong Sook Mei, Bank of Tokyo-Mitsubishi’s head of global markets research for ASEAN, said in a note to clients.

The Singapore dollar has strengthened against its U.S. counterpart this year, with the greenback currently trading around S$1.37 compared with S$1.43 at the end of 2016. However, the local unit has weakened against the euro as well as regional currencies such as the Malaysian ringgit and the Thai baht.

Source – nikkei.com

 
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Posted by on October 7, 2017 in Stocks

 

Quick Tips About Stock Trading Tips

The above quote aptly describes the stock market. You might be experienced with trading or may have just started. Uncertainty is the only identity of the stock market and therefore if you see someone asking “how to begin trading in the Singapore stock market?” it is quite natural!

This is also one of the foremost queries trading aspirants ask. Whether they are tempted with the success of other traders or are excited after exploring the prospects of stock trading, this one question comes to the mind of almost every one.

Well, spending time earning in gaining knowledge about all that is required is better than failing in the stock market and then asking it! So if you too are bogged with the same question, you should read this post and gather some valuable advice as stock trading tips from experts…..

 

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Posted by on October 6, 2017 in Stocks

 

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Singapore Share market analysis of Keppel Corporation

Keppel Corporation yesterday announced that Keppel Shipyard has secured a FPSO conversion contract from the long-standing customer, SBM Offshore. The Tina VLCC will be converted to a FPSO which will be deployed to the Liza field (offshore Guyana) developed by ExxonMobil.

SGX Market News www.mmfsolutions.sg

The converted FPSO will have a storage capacity of 1.6m bbl of crude oil and is able to produce up to 120k bbl of oil per day.

Keppel’s work scope includes refurbishment and life extension works, such as the upgrading of living quarters, fabrication and installation of spread mooring systems, as well as the installation and integration of topside modules, and we estimate a contract value of more than S$100m for Keppel.

Maintain BUY with S$7.36 fair value estimate on KEP.

Singapore Penny Stocks To Watch

  • WEE HUR
  • FALCON ENERGY
  • KOH ECO
  • LEY CHOON
  • GKE

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SGX:Buy TAT HONG || Level 0.480|| Cut Profit @ 0.520 || Return 8.33%

KLSE:Buy SENDAI || Level 0.880 || Cut Profit @ 0.955 || Return 8.52%

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Posted by on October 6, 2017 in Stocks

 

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Investment Strategy For Each Session of SGX market

Plenty of investors would give an arm and a leg to have an investment strategy that would work under any market circumstances.

Most of the time, we find it very difficult to time the markets correctly. The more we trade, the less likely we are to make money. Worse, the only certainty we enjoy as a result of such heavy trading is a big pile-up in transaction fees.

Unless an investor has very good access to information and is prepared to look after his investment portfolio full-time, it is difficult for him to make any money from trading.

But people are living longer than ever. It will be imperative for them to try to make their nest-egg work harder so that when they finally retire, they will have sufficient income to enjoy a standard of living which they are used to.

Some investment experts have advocated using a “buy and hold” strategy when investing in stocks. But this will work wonders only when the stock market heads up more or less in a straight line.

Read more – What is Daily Stock Picks for Singapore Trader

Others have suggested adopting a “dollar cost averaging approach”. This involves setting aside exactly the same sum of money every month to buy into a fund which tracks a widely watched market gauge such as the Straits Times Index (STI).

When the market goes up, you will get fewer shares. But when the market is down, you get a little more.

This approach, however, requires a lot of self-control and patience, as it may take years, or even decades before we see the fruits of our hard work.

For instance, you believe that the Singapore stock market will continue to become more valuable in the next few years, as its listed companies expand their businesses and improve their corporate earnings.

What you can do is to put down a lump sum into the STI ETF (exchange-traded fund) which buys into a basket of component stocks which make up the STI, sit back and wait to reap the returns.

Read more – Affordable Online Investing‎ Plan for Singapore Stocks

But as wage earners, most of us will hardly ever have the luxury of having a big sum of money to put down on a single investment. What we can do instead is to put aside a sum of money at the end of every month to invest in the STI ETF.

If you are hoping for a quick short-term return, you will be disappointed. A check shows that in the past three months, the STI ETF moved within a tight band of $3.10 to $3.20.

This means that you will get only a 2 percent to 3 percent return at best from a disciplined approach to buying the STI ETF each month.

But stretch the length of time to three years and the difference becomes obvious. Since the start of 2009, the STI ETF has jumped from a low of $1.45 to as high as $3.38. This means that you would definitely come out ahead in your investment if you had picked up the ETF on a regular basis as the local bourse staged a V-shaped recovery in 2009.

Read more – Stock market news today

One merit of this approach is that you will never encounter a situation where the value of your investment is wiped out completely because the stock you hold faces financial or accounting irregularities. Betting on a market, rather than a stock, is always a far safer proposition.

When you adopt such an approach, you give up any attempt to time the market – trying to catch it when it hits rock bottom. It will be a boon for those who do not want to get hurt if the market plunges like a falling knife.

One snag is that it may sometimes take decades for you to see the fruits of your hard work, and few people have that sort of patience.

And in a long market rally such as the bull-run which was experienced between 1992 and 1997, the dollar cost averaging approach will underperform the market.

Much money would have been made by those brave enough to invest their entire nest-egg in 1992. But that would be taking a big wager, considering that at the start of that year, there were fears that the Singapore economy might slip into a slowdown.

The United States market, with its far longer history than the local bourse, offers some insight as to what a dollar cost averaging investor can achieve if he perseveres in his effort.

Read more – Investment outlook 2017 

Suppose, for instance, this investor entered the US stock market during the crash between 1929 and 1932, he would still have lost about two-thirds of his money, according to a Wall Street Journal Report. But he would have broken even the following year in 1933 and doubled his money in 1936.

What is more extraordinary is the reward he gets if he diligently put aside US$100 every month, starting from the Great Wall Street crash in 1929, and continued to do so for 30 years.

While his outlay was only US$36,000, the size of his investment would have grown to US$411,000, or more than 10 times as much.

Of course, one reason he was able to reap such a spectacular return was that his investment period had coincided with one of the greatest economic growth periods in US history.

Similar growth trajectories are being recorded by huge regional economies such as China, India, and Indonesia – and the SGX offers a slew of ETFs which allow investors to participate in their growth stories.

Setting aside a little money every month into an ETF which tracks the STI or any of the major regional indexes may well reap you handsome returns in the long run. It is a wager worth considering.

Original Source –  blog.shareinvestor.com

 
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Posted by on October 5, 2017 in Stocks

 

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