SGX Nifty Updates - 18 Feb, 2015

SGX Nifty : Resistance Levels

Level 1 (R1)        8,859.67
Level 2 (R2)        8,886.00
Level 3 (R3)        8,901.67

SGX Nifty : Support Levels

Level 1 (S1)        8,817.67
Level 2 (S2)        8,802.00
Level 3 (S3)        8,775.67

Last                 8,884.50
Chg                 +45.00
Chg %         +0.51%
High         8,888.00
Low                 8,835.50

Market Review for STI:

Share prices opened higher with the Straits Times Index up 19.57 points to 3,435.48.Asian stocks rose after US shares climbed to a record amid speculation Greece will reach a resolution with its creditors

STI Day Performance

Open          3428.71

High          3443.50

Low                  3425.89

Close          3435.66

Change(Points) +19.75

% Change         +0.58%

Volume          633.6M

Rise          210

STRAITS TIME  LEVELS

Support Levels

Support 1 3385

Support 2 3365

Support 3 3345

Resistance Levels

Resistance 1 3450

Resistance 2 3480

Resistance 3 3505

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STI Updates - 13 Feb, 2015

• The Straits Times Index (STI) Closed -25.4 points lower or -0.74% to 3419.17, taking the year-to-date performance to +1.61%. 

• The FTSE ST Mid Cap Index declined -0.87% while the FTSE ST Small Cap Index declined -0.43%. 

• The top active stocks were SingTel (+0.97%), DBS (-0.82%), United Engineers (+7.19%), Keppel Land (-0.22%) and OCBC Bank (-0.66%).

Straits Times Index - 13 Feb, 2015 

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Forex: Currency Updates - 12 Feb, 2015

Survey Shows Singapore’s Dollar to Fall to 5-Year Low on Easing.

The currency will slide to S$1.39 by year-end after the Monetary Authority of Singapore probably reduced the slope of its appreciation against a basket of currencies by a percentage point

Central Bank Divergence results in rise in Dollar.

The dollar rose to almost the highest in a decade with the Federal Reserve seen continuing to move toward raising interest rates after Singapore became the latest nation to ease monetary policy

Singapore Unexpected Ease in Monetary Policy results in fall in Ringgit.

Malaysia’s ringgit dropped the most in a week after Singapore unexpectedly loosened monetary policy, joining a global round of easing amid slowing economic growth and the risk of deflation.

Canada Dollar to Rank Fifth for Global Payments as passed by Yuan.

The yuan overtook Canada’s dollar to rank fifth for use in global payments, bolstering the case for the International Monetary Fund to endorse it as a reserve currency.

Crash in Oil Price brings out Singapore dollar bears.

Bearish forecasts for the Singapore dollar are growing amid expectations that crude oil's recent tumble will result in looser monetary policy.

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The Straits Times Index (STI) - 10 Feb, 2015

The Straits Times Index (STI) today 

• Traded at 3,431.16, 
• Up 13.14 points (0.38 percent) from previous close, at mid-day. 
• The market traded on moderate volume of 450.1 million shares traded with 173 gainers and 162 losers as of 12:20pm.

Notable gainers  

AA, Magnus Energy, L-Jacoberg, HuanHsin and Ryobi Kiso, with AA leading the pack.

Notable losers

AVIC, Europtronic, Zhongxin Fruit, DMX Technologies and M Development, with AVIC leading the pack.

Important Stock News

• DBS Group Holdings posted a 15.1 percent gain in net interest income for the fourth quarter ended 31 December 2014, underpinned by higher volume of loans and improved net interest margin.However, a 13.2 percent gain in total expenses to $1.3 billion mainly on the back of higher allowances for credit and other losses, led earnings to sink 13.9 percent to $838 million.

• Dyna-Mac got a letter of award to construct six units of floating production storage and offloading (FPSO) topsides modules from Armada Cabaca, an affiliate of Bumi Armada. 

• Singapore Post (SingPost) has acquired an additional 1.8 million shares in the capital of GD Express Carrier (GDEX), an associated company of SingPost that is listed on the main market of Bursa Malaysia, for RM2.4 million (approximately $0.9 million). 

• VICOM posted a 3 percent gain in revenue to $108.2 million for the year ended 31 December 2014, supported by higher business volume. Total expenses were up 2.3 percent to $72.5 million, mainly because of a 4 percent expansion in staff costs. 

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Singapore Stock Picks - 06 Feb, 2015

SGX NIFTY

Last    -   8,744.50
Change  -   +03.50
Change% -   +0.04%
High    -   8,756.50
Low     -   8,703.50

Support & Resistance Levels

Resistance Levels:

Level 1 (R1) - 8,859.17
Level 2 (R2) - 8,930.00
Level 3 (R3) - 9,033.67

Support Levels:

Level 1 (S1) - 8,684.67
Level 2 (S2) - 8,581.00

Level 3 (S3) - 8,510.17

STI Analysis

Strait Time Index opened at a higher price than previous day closing.

STI Index (^STI) -SES

3,435.89 Up 29.31(0.86%)

Prev Close      -          3,406.58

Open                -          3,411.48

Day's Range   -       3,407.95 - 3,439.31

52wk Range   -          3,000.17 - 3,439.31

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Singapore News Headlines - 05 Feb, 2015

Singapore shares likely to fall on oil plunge, Greece woes

Steep falls in oil prices overnight and a sudden decision by the European Central Bank to stop accepting Greek bonds as collateral for funds are likely to sap Singapore shares.
US crude fell 8.7% overnight to US$48.45 while Brent declined 6.5% to US$54.16 after the US said oil inventories rose by 6.3 million barrels last week to a record 413.06 million.

SingPost kept at 'hold' with target price of $2.08 set by CIMB

SingPost's earnings of $116 million for the nine months ended December came in slightly below expectations at 74% to 75% of CIMB's consensus full-year forecasts, writes analyst Jessalynn Chen in a note today.

Singapore banks kept at 'overweight' by Maybank Kim Eng

Maybank Kim Eng today maintained its "Overweight" call on Singapore banks, liking DBS Group Holdings the most.
"Near term, there could be some stock pressure as the market has lofty expectations. Further out, higher rates should be positive for banks. DBS remains our top pick," the research house stated in a note today.

SATS upgraded to "hold", target raised to $2.84 by DBS Vickers

DBS Vickers has upgraded SATS to "hold" from "fully valued" and raised its price target to $2.84 from $2.70 after increasing its earnings estimates for FY2015 to FY2017 by 3% to 4% to reflect the company's December-quarter results.

DBS's 4Q2014 earnings likely weakest among S'pore banks: Deutsche Bank

DBS Group Holdings' 4Q2014 earnings are likely to be the weakest among the three Singapore banks, although the lender is still the best placed to benefit from rising interest rates this year, according to Deutsche Bank.
DBS is likely to report earnings of $900 million for the December quarter, said Deutsche Bank analyst Franco Lam.
That would be 12% more than what it earned a year earlier but 11% lower compared to 3Q2014.

Global Logistic Properties' Dec-quarter earnings down 36%

Lower fair-value gains from joint ventures and higher operating expenses and taxes sent Global Logistic Properties' earnings for the December quarter tumbling 36.2% y-o-y to US$112.4 million ($140.5 million).

SGX organises inaugural investment carnival, launches mobile app

Singapore Exchange (SGX) will hold its first-ever SGX My First Stock Carnival, as part of a campaign to educate new investors and encourage them to start investing.  The campaign comprises a fun-filled carnival this weekend (6 to 8 February), digital initiatives including an interactive online tool, the launch of SGX Mobile App as well as a weekly radio programme.

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Market Summary

03 Feb, 2015

• The Straits Times Index (STI) ended -15.33 points lower or -0.45% to 3408.02, taking the year-to-date performance to +1.27%.

• The FTSE ST Mid Cap Index declined -0.33% while the FTSE ST Small Cap Index gained +0.20%. The top active stocks were SingTel (-1.21%), DBS (-0.91%), Keppel Corp (+1.49%), UOB (-1.45%) and Keppel Land (-0.22%).

• The outperforming sectors today were represented by the FTSE ST Oil & Gas Index (+1.39%). The two biggest stocks of the FTSE ST Oil & Gas Index are Keppel Corp (+1.49%) and Sembcorp Industries  (-0.23%). The underperforming sector was the FTSE ST Basic Materials Index, which declined -1.13% with Midas Holdings’ share price declining -1.52% and Geo Energy Resources’ share price declining unchanged.

• The three most active Exchange Traded Funds (ETFs) by value today were the SPDR Gold Shares (+0.60%), CIMB FTSE ASEAN 40 (+2.67%), STI ETF (unchanged).

• The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (+1.58%), CapitaCom Trust (+1.70%), CapitaMall Trust (+0.95%).

• The most active index warrants by value today were HSI25000MBeCW150330 (-1.72%), HSI24400MBePW150330 (-2.01%), HSI23600MBePW150429 (-2.11%).

• The most active stock warrants by value today were DBS MB ePW150402 (+4.30%), Ezion MBeCW151102 (-3.33%), OCBC Bk MBeCW150413 (+1.56%)

Market Summary

02 Feb, Singapore Stock Market Summary

Market Analysis as on 02 Feb, 2015 :

• The Straits Times Index (STI) ended +32.15 points higher or +0.95% to 3423.35, taking the year-to-date performance to +1.73%.

• The FTSE ST Mid Cap Index gained +0.32% while the FTSE ST Small Cap Index declined -0.17%. The top active stocks were SingTel (+0.98%), DBS (-0.35%), Keppel Corp (+0.23%), OCBC Bank (+1.06%) and Noble (+3.29%).

• The outperforming sectors today were represented by the FTSE ST Industrials Index (+1.27%). The two biggest stocks of the FTSE ST Industrials Index are Jardine Matheson Holdings (+1.14%) and Jardine Strategic Holdings  (+1.60%). The underperforming sector was the FTSE ST Basic Materials Index, which declined -2.27% with Midas Holdings’ share price declining -2.94% and Geo Energy Resources’ share price unchanged.

• The three most active Exchange Traded Funds (ETFs) by value today were the DBXT MSCI Asia Ex Japan ETF (unchanged), IS MSCI India (unchanged), STI ETF (unchanged).

• The three most active Real Estate Investment Trusts (REITs) by value were Ascendas REIT (+3.25%), CapitaMall Trust (+0.48%), Suntec REIT (-0.27%).

• The most active index warrants by value today were HSI25000MBeCW150330 (-0.86%), HSI24400MBePW150330 (-0.67%), HSI23600MBePW150429 (+16.39%).

• The most active stock warrants by value today were OCBC Bk MBeCW150413 (+3.23%), DBS MB eCW150602 (-10.35%), SembMar MBeCW151102 (+8.22%).

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SGX - Stock Facts

Stock Facts a commendable effort by SGX

One of the biggest problems beginner investors face is to figure out what stock to buy. To do so, they need resources to understand the market in a comprehensive way. They might have an eye on a promising food and beverage stock, for example. They might, through the Bloomberg and Yahoo Finance websites, already have a quick sense of the company's revenues, profits, cashflows, price to earnings ratios, and price history. But how does the stock compare to similar businesses on the market, or around the world? An investing decision should not be made in isolation.

A stock might look fundamentally strong, but might not be relatively cheap. A business might be dominant in fast-growing Asia, but a competitor could have the edge everywhere else and is trading at a more reasonable earnings ratio.

Shortcomings of Stock Facts include the inability to screen for stocks using more than five parameters, as well as the lack of a way to set up customized watch lists of companies to track over time. Retail investors looking to screen stocks using a wider array of technical and fundamental analysis criteria would arguably be better served using the more powerful screener of Share Investor.

Nevertheless, Stock Facts is a commendable effort by SGX. It is even more urgent now that retail investors are wooed back into the market, following a lack lustre year that saw securities daily traded values fall by over 20 per cent on average. Now, retail investors have a new cause for cheer.

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