Singapore’s STI is up 0.1% at 3251.94 midday, continuing its rangebound consolidation. REITs and banks are mostly higher, while palm stocks are strong on rising commodity prices and bullish supply/demand dynamics for CPO; property developers are mostly lower.
Posts Tagged ‘commodity’
What Is The Most Elusive And Sought After Commodity In Business Today?
January 11th, 2011 |
No Comments
Let me introduce you to Entrepreneurs-Journey’s latest expert columnist, Neroli Makim, who specializes in creativity. Neroli is a friend from Brisbane, who recently published a book called “Your Inner Knowing” which as the subtitle explains, is about Unlocking The Secrets To Creative Success. I can tell you from experience talking to Neroli, the subject of [...]
STI +0.2%; Rig builders, banks, commodity plays up
December 16th, 2010 |
No Comments
The STI is +0.2% at 3,153.87 midday after yesterday’s 0.9% loss, with rig-builders, banks and some commodities plays leading gains.
Volume is thin with 517 million shares worth $595 million traded, while market breadth is slightly negative.
Commodity firms up on sector play
December 9th, 2010 |
No Comments
Shares of palm oil firm Golden Agri Resources (GAGR.SI) and rubber producer GMG Global (GMGG.SI) rose on Thursday on expectation that commodity prices will increase next year.
At 0245 GMT, GMG Global shares were up 4.8% at $0.325 on a volume of 29.2 million shares. Golden Agri shares gained 1.9% at $0.79 with 36 million shares changing hands.
At 0245 GMT, GMG Global shares were up 4.8% at $0.325 on a volume of 29.2 million shares. Golden Agri shares gained 1.9% at $0.79 with 36 million shares changing hands.
Buy Singapore O&M, commodity plays: DBS
November 22nd, 2010 |
No Comments
While Singapore market consolidates during year-end lull, stocks in offshore & marine, commodities, hospitality sectors could outperform, says DBS Vickers.
Expects Keppel (BN4.SG), SembMarine (S51.SG), Cosco (F83.SG) to benefit from higher capex as oil majors increase exploration & production activity in 2011.
Amid USD weakness, strong demand from China, house tips CPO prices to resume uptrend from end-2010 through to 1Q11, in turn benefiting commodity plays like Indofood Agri (5JS.SG), First Resources (EB5.SG); says supply shortage arising from seasonal fall in yields in January-February next year, plus potentially lower soybean yields due to La Nina effect, could further fuel shares of such companies.
On hospitality front, expects Genting Singapore (G13.SG), SIA (C6L.SG), UOL (U14.SG), CDL Hospitality (J85.SG) to gain from robust Singapore tourist-arrivals; “we expect the peak year-end holiday season for 2010 to be stronger than prior years with Universal Studios @ Sentosa to be the main crowd puller for tourists.”
{jcomments on}
1 of the 2 Administrative Judges at the Commodity Futures Trading Commission Vowed NEVER to Let a Complainant Win. He’s Kept His Promise for 20 Years
October 20th, 2010 |
No Comments
The Commodity Futures Trading Commission (CFTC) is an important agency. It is largely responsible for regulating derivatives and other important instruments.It is supposed to prevent and prosecute fraud.So it is stunning that one of the two administra…
STI +1.2%; Commodity, China stocks resilient
June 21st, 2010 |
No Comments
Singapore stocks in broad-based rally, with China’s pledge for increased RMB flexibility signalling confidence in global economic recovery, stronger Chinese purchasing power, according to Dow Jones.
STI likely up; commodity, forex-sensitive stocks eyed
June 21st, 2010 |
No Comments
Singapore stocks likely to gain with China’s call for greater yuan flexibility fuelling hopes for stronger Chinese purchasing power, according to Dow Jones.
“My sense is that commodity and forex-sensitive industries will benefit,” says UOB KayHian Singapore research head Andrew Chow, “commodity plays will be tracking this news closely, particularly those that will benefit from increased China consumption.”
Singapore, Tokyo commodity exchanges link to develop markets
June 1st, 2010 |
No Comments
The Singapore Commodity Exchange and the Tokyo Commodity Exchange said they will collaborate to allow cross-listing of contracts on both markets and increase liquidity on the exchanges.
“The collaboration will pave the way for the cross-listing of each exchange’s key contracts including rubber and commodity index,” the companies said in a joint statement to the Singapore exchange.
{jcomments on}
StanChart’s commodity head Van Pelt to take leave, bank says
May 25th, 2010 |
No Comments
Vincent Van Pelt, Standard Chartered Plc’s Singapore-based global head of equities and commodities, is to take a one-year sabbatical and the bank has lined up a successor, according to spokeswoman Tan Hsueh Mei.
CWT opens CWT Commodity Hub
May 11th, 2010 |
No Comments
CWT Limited, the provider of supply chain logistics solutions, today official opened CWT Commodity Hub to provide more integrated logistics and regional distribution hub services for the Asia Pacific region.
The 2.3 million sq ft warehouse complex, located near port terminals along Penjuru Road, is the largest in Singapore.
Noble’s vice-chairman sells 115m shares for $3.10 each
March 24th, 2010 |
No Comments
Hong Kong-based commodity supplier Noble Group said its Vice-Chairman Harry Banga sold 115 million shares at $3.10 each to institutional investors. Noble fell 0.9% to $3.31 yesterday.
{jcomments on}
Noble, Olam best Singapore commodity picks, says OCBC
March 10th, 2010 |
No Comments
Supply chain managers such as Noble (N21.SG) and Olam (O32.SG) look to be better bets than pure miners such as Straits Asia Resources (AJ1.SG) for those seeking exposure to Singapore commodities sector says OCBC Investment Research, according to Dow Jones Newswires.
The broker says commodity markets have stabilised over last two quarters amid improving demand and supply fundamentals, loosening credit markets; “this bodes well for commodity supply chain managers such as Noble and Olam whose earnings are volume driven.”
STI gains 1.3%; Jardine, commodity plays lead gains
March 8th, 2010 |
No Comments
Singapore shares remain firmly in positive territory as better-than-feared US jobs data injects life back into market; STI +1.3% at 2,825.62 midday with traders tipping resistance at Jan 21 low of 2,850.
“Economic reports appear to suggest that the US economy is on the mend,” says DMG co-head of research Terence Wong; notes 36,000 US job losses in February was pleasant surprise as expectations ran as high as 100,000.
SICOM secures licence to roll out new commodity classes
March 2nd, 2010 |
No Comments
Singapore Commodity Exchange (SICOM), a subsidiary of Singapore Exchange (SGX), has secured a new licence to operate a Commodity Market and Clearing House under the Commodity Trading Act, the only such licence currently issued by International Enterprise Singapore. This new licence is in addition to SICOM’s existing recognised market operator licence under the Securities And Futures Act.
STI up 0.7%; tracks region; commodity plays rally
March 1st, 2010 |
No Comments
Singapore shares rise more, tracking broad regional equity market strength amid receding Greece debt jitters. STI gains 0.7% at 2,771.20 at midday vs morning low of 2,749.74 with next resistance tipped at last month’s intraday high of 2,797.
STI down 0.5%; commodity, O&M plays lead falls
February 9th, 2010 |
No Comments
Singapore shares head lower as bearish Wall Street cues, continued worries over Europe debt troubles keep buyers at bay.
The STI is down 0.5% to 2,680.24 as at 9:48 a.m. with near-term support tipped at yesterday’s intraday low at 2,665.
“We’ve moved into a phase of lower lows and lower highs, the mentality at the moment is to trim stakes on any rebound,” says a trader at a local house, according to Dow Jones Newswires.
Weekend Comment Oct 15: Play the plantation laggard
“It is quite possible that current conditions lead to a repeat of the commodity price-driven phony inflation scare world markets last experienced in 2007 and early 2008,” Wood writes.
Read more…