Showing posts with label sgx stock market. Show all posts
Showing posts with label sgx stock market. Show all posts

Singapore stocks watch: Tianjin Zhong Xin, Frasers Logistics & Industrial Trust, CapitaLand Retail China Trust, RHT Health Trust

THE following companies saw new developments that may affect trading of their shares on Monday:

Tianjin Zhong Xin Pharmaceutical Group: Tianjin Zhong Xin Pharmaceutical Group has posted a net profit of 567.8 million yuan (S$114.7 million) for FY2018, up 20 per cent from 473.3 million yuan a year ago, lifted by interest income and gains from associated companies Sino-American Tianjin Smithkline & French Lab and Tianjin Hong Ren Tang Pharmaceutical Co. Revenue for the full year stood at 6.4 billion yuan, up 12 per cent from 5.7 billion yuan previously, on the back of newly introduced products such as Qingyan Pills, Huoxiang Zhengqi Capsule and Tezacef. Share of the company closed at S$1.239 apiece on Friday, up 1.1 Singapore cent.

Frasers Logistics & Industrial Trust: Frasers Logistics & Industrial Trust's (FLT) manager announced on Friday that it will be divesting its property at 63-79 South Park Drive, Dandenong South, Victoria, Australia for A$17.25 million (S$16.6 million). The sum is at a 13.1 per cent premium to the property's book value of A$15.25 million as at Sept 30 2018, and a 4.5 per cent premium to the original purchase price of A$16.5 million at FLT's initial public offering in 2016. The counter last traded at S$1.16 apiece, down one Singapore cent.

CapitaLand Retail China Trust: CapitaLand Retail China Trust (CRCT) announced on Friday that it will be divesting its 51 per cent interest in a company that owns CapitaMall Wuhu to an unrelated third party for 92.7 million yuan (S$18.3 million). CapitaLand, which holds the remaining 49 per cent interest in the company, will also be divesting its stake for an undisclosed sum. The transaction is based on the company's adjusted net asset value, including its interest in CapitaMall Wuhu of 210 million yuan. The counter last traded at S$1.57 a piece, down one Singapore cent.

RHT Health Trust: RHT Health Trust announced on Sunday that Paul Hoahing will be appointed as the CEO of the trustee-manager with effect from April 1, 2019. He takes over from Gurpreet Dhillon who is resigning with effect from March 31, 2019. The reason for Mr Dhillon’s resignation was not disclosed. Mr Hoahing has been engaged as a consultant for the treasury and finance functions at Parkway Pantai Limited, an indirect wholly owned subsidiary of IHH Healthcare Bhd, since October 2018. He will now take on the additional role of heading RHT Health Trust’s trustee manager. Units of the company last traded flat at S$0.016 apiece on Friday.

SLB Development: Matthew Ong, executive director and CEO of SLB Development Limited, was elected the second president of the Association of Catalist Companies (ACC), a non-profit association which draws its membership primarily from companies listed on the Catalist board of the Singapore Exchange. He is replacing founding president Phil Rickard, who had relinquished his position due to personal reasons. Shares of SLB Development last traded flat at S$0.145 apiece.

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Singapore Market Update :Singapore's manufacturing yield increased by 7.6% in Nov



Singapore Market Update :
Singapore's manufacturing yield expanded 7.6% in November on a year-on-year premise, announced the Economic Development Board (EDB) on Wednesday.

Barring biomedical manufacturing , yield became 5.3%. On a three-month moving normal premise, producing yield rose 4.5% in November 2018, contrasted with a year prior.

On an occasionally balanced month-on-month premise, fabricating yield expanded 2.8%. Barring biomedical assembling, yield was unaltered.

Yield for biomedical assembling expanded 18.5% in November from a year back. Pharmaceuticals yield extended 23.9% with higher generation of dynamic pharmaceutical fixings and organic items, while the medicinal innovation section became 6.6%.

Yield for transport designing expanded 11.3% year-on-year with all sections recording yield development. The marine and seaward designing portion extended 26.6%, on the back of a low base in November a year ago, and in addition a more elevated amount of work done in seaward ventures. The land and aviation portions became 4.7% and 0.6% individually.

For the gadgets part, yield expanded 11.2% in November on a year-on-year premise. Inside the bunch, the semiconductors, infocomms and buyer hardware and other electronic modules and segments sections became 16.5%, 12.6% and 3.0% individually. Then again, the information stockpiling and PC peripherals sections contracted.

Yield for synthetic concoctions expanded 3.4% year-on-year in November. Development was bolstered by alternate synthetic concoctions and claims to fame portions which became 18.7% and 6.6% individually. The previous detailed higher yield in aromas while the last enrolled higher yield in modern gases and mineral oil added substances. On the other hand, creation in the oil and petrochemicals portions fell 5.3% and 10.9% individually, because of support shutdowns.

Yield from general assembling diminished 0.8% on a year-on-year premise in November. The sustenance, refreshments and tobacco and various ventures fragment became 1.0% and 0.3% individually. Then again, the printing portion declined 11.0%.

Yield from exactness designing declined 8.2% in November contrasted with a year back.

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Singapore Stocks Update :STI bound to exchange between 2,800-3,200: OCBC

Singapore Stocks Update : OCBC Investment Research is anticipating for the Straits Times Index (STI) to exchange as high as 4,125 of every 2019 of every a bull case situation.
As at Dec 5 this year, the record exchanged at 3,156, 18% higher than Bloomberg's objective of 3,721.
The examination house's base case is for the STI to exchange at around 3,632 with a potential upside of 17% from Dec 5 levels, in view of 7% profit development and a seven-year authentic normal value income proportion (PER) of 13.9 occasions.
Notwithstanding, with current macroeconomic vulnerabilities and a more drawback predisposition, it trusts the STI may almost certainly exchange between the 2,800-3,200 dimensions.
In a Dec 2018 report, Carmen Lee, head of OCBC Investment Research, suggests concentrating on an incentive over development stocks in the year ahead as the STI keeps on following greater markets in the area.
While Lee sees more activities emerging from Singapore's endeavors to wind up a shrewd country, she accepts customarily considered protective stocks are probably going to stay in play.
"At current valuations, valuations for the STI are not costly versus other local markets and its own authentic patterns. At current dimensions, the STI is exchanging at - 1 standard deviation beneath the authentic normal for both value profit and value book," notes Lee.
"On the worldwide front, a few expansive subjects may keep on playing out including computerized and portable installments, gaming and online games, the notoriety of collaborating space, elevated barrier spending, proceeded with accentuation on training and the earth," she includes.
As at 11.24am, the STI is exchanging 1.77 focuses bring down at 3,044.27.

Reviewing the Year-2018, SGX & KLSE Trend



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Singapore Stocks Watch: STI resumes Monday noon at 3,077.55, up 0.8%

SINGAPORE stocks revived higher on Monday, with the Straits Times Index up 25.06 focuses, or 0.8 percent, to 3,077.55 as at 1pm.
Gainers dwarfed washouts 166 to 135, with around 947 million offers worth S$376.6 million altogether exchanged.
Vallianz was the most effectively exchanged with 32.4 million offers evolving hands, down 10 percent to S$0.009. Different actives included Nam Cheong and Rex International.
Among dynamic record stocks, Venture was the best gainer, up 4.89 percent to S$15.44.
Assembling yield bounce back with 4.3% development in October
Transport building drove the development as yield expanded by 30.8%.
Assembling yield in Singapore saw a development of 4.3% YoY in October after a 0.2% YoY constriction in September. The division's yield crept up 2% on an occasionally balanced MoM premise, the Economic Development Board (EDB) uncovered.
As indicated by the declaration, transport designing saw the greatest yield development with a development rate of 30.8% YoY as the majority of its section moved toward an expansion in yield. The marine and seaward designing section's yield soar 52.2% supported by the low base from October 17 matched with more elevated amount of work done in seaward undertakings.
In the interim, its aviation section saw a yield increment of 15.6% powered by more motor fix and support work from business carriers. EDB noticed that the vehicle designing group extended by 14% in October YTD contrasted with a year ago.

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For the biomedical manufacturign group, yield recorded a development rate of 11.5% YoY with the pharmaceuticals portion driving the extension through its development of 15.8% in the midst of higher generation of pharmaceutical and natural items. The therapeutic innovation portion was additionally helped by a development of 2.9% to take care of fare demand from the US.
EDB noticed that the bunch saw a 5.8% yield increment YTD in October contrasted with a similar period in 2017.
Yield in accuracy building extended 1.4% YoY driven by the 7.7% development in exactness modules and parts section because of higher generation in optical instruments. Then again, hardware and frameworks fragment fell 2.9% in the midst of lower creation of modern process control and semiconductor gear.
The group fixed a 7% development in yield YTD in October when contrasted with a similar period in 2017.
When all is said in done assembling, yield saw an expansion of 1.3% YoY. The incidental ventures fragment became 2.9%, by virtue of higher generation in basic metal items and batteries.
EDB noticed that the nourishment, refreshments and tobacco portion rose 2.1% sponsored by higher yield in baby drain and dairy items. In any case, the bunch's development was directed by the printing section which declined 6.9%.
The bunch's October YTD development was recorded at 0.6%.
In the mean time, the synthetic section's yield contracted 1% YoY, hauled by the reduction in the oil and petrochemicals' creation by 9.6% and 14.7%. In spite of this, different synthetic compounds portion's yield extended 15.1% supported by higher yield in scents.
In the initial ten months of 2018, yield of the synthetic concoctions bunch expanded 5.6% contrasted with a similar period in 2017.
For gadgets, yield fell 2.7% YoY as larger part of its bunches gotten its yield with the exception of other electronic modules and segments and infocomms and purchaser hardware where yield became 5.1% and 1.7% separately. In total, the gadgets bunch's yield expanded 8.9% from January to October in 2018 contrasted with a year prior.
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