Singapore shares may climb higher on Wednesday after modest gains on Wall Street overnight. Energy firms may outperform the market as US oil prices jumped 2% on the back of supply concerns. Singapore’s benchmark Straits Times Index <.FTSTI> rose 0.38% on Tuesday to 3,241.49 points.
Here are some stocks and factors to watch:
Philanthropy runs in the family! Doug Pitt — the brother of adoptive dad-humanitarian Brad — is doing his part to help those less fortunate too. The Other Pitt is on Day 4 of a climb up Africa’s highest peak, Mt. Kilimanjaro. The photojournalist, a dad of three, is one of 50 climbers making the trek [...]
A benchmark index of the Indian equities market soared past 20,500 points level in the afternoon session Friday, the last trading day of the year 2010, led by buying support in realty, banking and auto stocks. The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), opened in the positive at 20,412.76 points from [...]
A benchmark index of the Indian equities market advanced more than half percent by noon Wednesday, led by good buying support in metal, banks and FMCG on the back of positive Asian cues. The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened in the positive terrain at 20,060.88 points from the previous [...]
Genting Bhd., Asia’s third-biggest listed casino operator, climbed to a record in Kuala Lumpur trading after UBS AG raised its share-price estimate for the stock to reflect higher market revenue forecasts in Singapore.
The stock rose 1.3% to 10.66 ringgit ($4,46) at 9:16 a.m. Nicole Goh, an analyst at UBS, raised her share estimate for the stock to 14.35 ringgit from 12.90 ringgit, according to a report today. She kept her “buy” rating.
Its Genting Malaysia Bhd. affiliate added 0.9% to 3.54 ringgit after saying it will jointly bid for a London casino license and develop a leisure project with Apollo Resorts & Leisure.
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Businesses are continuing to buy x86 servers, and top systems vendors such as Hewlett-Packard, IBM and Dell are the key beneficiaries, according to Gartner and IDC. – Hewlett-Packard, IBM, Dell and other
systems makers are benefiting from the resurgence in the x86 server market,
according to market research by Gartner and IDC.
In their second-quarter reports on the server market, analysts
from both Gartner and IDC said the x86 space
continues to see signific…
Fraser & Neave gained 2.8% to $5.83 as of 9:12 a.m. in Singapore. Kirin is $6.50 a share for Temasek’s 14.7% stake in the company.
The number of rigs used by oil and gas explorers in Asia in May rose to the highest in 18 years as demand for energy in the region boosted drilling.
The Asia-Pacific region used 268 rigs on land and sea in May compared with 239 a year earlier, Baker Hughes Inc., an oilfield services company, said on its website. That was the highest in May since 272 were deployed in December 1991.
Singapore stocks are mostly higher, with interest stronger in smaller caps than in blue chips, according to Dow Jones.
On Friday, it has been revealed by an official that for the first time the foreign climbers are open to100 high-altitude Himalayan peaks in Kashmir that are situated at an altitude ranging from 9,840 feet to about 26,246 feet.
Farooq Ahmed Shah, a state tourism official said that this step by the government would [...]
Singapore shares pull back from early highs as players prefer to book gains rather than stay invested amid lack of incentives, says Dow Jones.
STI flat at 2,929.20 midday vs high 2,936.40 (+0.2%); support expected at 2,900, resistance at January high of 2,947. Market breadth flat vs 2.5 gainers for every decliner in early trade.
Singapore small-, mid-caps can still climb, says DBS Vickers
Small-, mid-cap shares in Singapore still have room to head higher but richest returns for this group likely over, says DBS Vickers, reported Dow Jones Newswires.
STX Pan Ocean Co. and Korea Line Corp. rose in Seoul trading after an index of freight rates advanced for the first time in a month.
STX Pan Ocean, South Korea’s biggest bulk carrier, gained 4.4% to 11,800 won ($14.36) as of 10:48 a.m. on the Korea Exchange, heading for the biggest gain since Nov 16. Korea Line, the second-biggest, gained 3.4% to 41,600 won, while the benchmark Kospi stock index rose 0.1%.
The Baltic Dry Index, a measure of shipping costs for commodities, rose 4.5% to 3,140 points yesterday, the first increase since Dec 4, according to the Baltic Exchange.
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The G20 meeting in London marked a step along the way, not a summit
WHEN G20 leaders met in Washington, DC, in November and then in London in April, fear and uncertainty reigned. Ringing statements that the big economies would do whatever it took to shore up the system had real value. The crisis required clarity. The latest round of talks, a meeting of G20 finance ministers and central-bank governors in London on September 4th and 5th, took place against a different backdrop.
The world economy is still fragile but far more stable than it was six months ago. Questions on how to withdraw fiscal and monetary stimulus compete with discussions on what more needs to be done. Ministers and bank governors, whose meeting set the stage for a pow-wow for national leaders later this month in Pittsburgh, promised decisive implementation of expansionary policies “until recovery is secured” and transparent plans to withdraw those programmes when the time is right. Periods of limbo do not make for stirring communiques. …
