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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