Hyflux (600.SG) off 0.3% at $3.28, in line with weak broader market, with ews of company winning US$100 million ($129.8 million) EPC contract to build 40,000 cubic metres/day desalination plant in Libya with three-year operations, maintenance deal, not doing much to generate interest in stock; moderate 367,000 shares traded, says Dow Jones.
Posts Tagged ‘dow jones’
OCBC may rise; Strong set of 3Q results: Analyst
November 1st, 2010 |
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OCBC (O39.SG) may rise after it reports 3Q net profit +27% on-year, +13% on-quarter at $570 million, says Dow Jones.
This beats the $548.7 million tipped in Dow Jones poll; with rise in profit mostly due to increase in non-interest income, which is up 59% on-year to $621 million (excluding last year’s $213 million loss on insurance policy redemption, growth more modest at 3.0% on-year).
STI +1.5% midday; Volatility to remain: UOB KayHian
November 1st, 2010 |
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STI +1.5% at 3,188.44 midday, tracking sharp gains in China, HK markets after robust China PMI manufacturing data boosts sentiment across region; 1.09 billion shares traded worth $1.31 billion; gainers outstrip losers 2.9 to one, says UOB KayHian.
UOB KayHian, in technical report, says expects volatility to remain, with key resistances approaching, according to Dow Jones.
IDT Hldgs +10.4% on $0.54/share delisting bid
October 6th, 2010 |
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IDT Holdings Singapore (I05.SG) last +10.4% at 3-year high of $0.53, closing in on $0.54/share price offered by parent IDT International (0167.HK) to take company private, says Dow Jones.
Volume remains thin despite gains, although not surprising as investors generally wary of company given its money-losing streak.
STI may slip; Beware sentiment swing: Asiasons
September 28th, 2010 |
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Profit-taking in Singapore may surface in early trade with shares now at 27-month high, especially in wake of retreat in US stocks, says Dow Jones.
Support for STI, up 0.7% at 3,113.46 yesterday (highest since June 2008), expected at last week’s 3,069 low. Any upside expected to meet resistance at 3,146, higher end of breakdown gap formed in June 2008.
Genting Singapore off 0.5% after multi-year high
September 9th, 2010 |
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Genting Singapore (G13.SG) off 0.6% at $1.81, succumbing to light profit-taking after yesterday’s multi-year high of $1.82, says Dow Jones.
Modest volume indicates underlying demand still intact, with 10-day moving average, last at $1.75, expected as support. “Although GENS has already performed very well, upside on market size expectations (for Resorts World Sentosa) and further re-rating can drive further upside in our view,” says UBS, which has Buy call with $2.02 target.
Wing Tai +3%; High end exposure no big risk: Morgan Stanley
August 24th, 2010 |
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Wing Tai (W05.SG) +3% at $1.74 as developer’s return to profitability in June quarter encouraging investors to take another look at stock, which still trades below book value, unlike large-cap developers, says Dow Jones.
Orderbook quotes suggest shares may struggle to clear last week’s $1.75 high.
UOB may test morning low; 2Q10 earnings in line
August 10th, 2010 |
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UOB (U11.SG) may revisit morning low of $19.40 in post-lunch trade as 2Q10 results not expected to inspire, according to Dow Jones.
Stock +0.4% at $19.60 midday, representing 1.65x P/B. 2Q10 net profit +27.9% on year at $602 million, in line with $600 million tipped in Dow Jones poll, as lower impairment charges offset weakness in both interest income, non-interest income.
UOL Group off 2.7%; OUE may be better bet: CIMB
August 10th, 2010 |
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UOL Group (U14.SG) off 2.7% at 5-session low of $3.99 despite strong 2Q10 results as investors opt to lighten positions after recent run-up, which enabled stock to close above $4.00 for whole of last week for first time since April, according to Dow Jones.
Keppel Corp 2Q net profit likely +8% y-o-y: Poll
July 21st, 2010 |
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Singapore rig builder Keppel Corp. (BN4.SG) 2Q net profit likely +8% on-year at $343 million vs $318 million year earlier due to realized revenue from previously placed contracts, higher contributions from Keppel Land, according to Dow Jones poll of five analysts.
GuocoLeisure +7.6%; Potential payouts, say Kim Eng
July 16th, 2010 |
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GuocoLeisure (B16.SG) +7.6% at $0.635 on above-average volume, with stock benefiting from investors looking for underperformers in property space, according to Dow Jones.
Olam off 0.4% but recent rise likely intact
June 24th, 2010 |
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Olam (O32.SG) off 0.4% at $2.62, pausing for breather after rising to two-month high of $2.70 this week, according to Dow Jones.
Selling not widespread as volume thin, indicating steady rise since late May unlikely to reverse any time soon.
CDL Hospitality +0.6%; May seek Japan buy, says UBS
June 24th, 2010 |
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CDL Hospitality Trusts (J85.SG) +0.6% at $1.78, clawing back some of yesterday’s 6.4% loss triggered by dilution stemming from $200 million placement exercise, says Dow Jones.
Yanlord off 3.2%; Firmer demand unlikely near-term, says DBS
June 22nd, 2010 |
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Yanlord Land (Z25.SG) off 3.2% at $1.81, surrendering part of yesterday’s +8.7% gain triggered by hopes that stronger yuan will spur demand for China assets, including property, says Dow Jones.
Osim up 1.7%; Likely to head above $0.90 soon
June 15th, 2010 |
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Osim (O23.SG) +1.7% at six-week high of $0.885, extending largely sustained rebound since hitting three-month low of $0.695 in late May, according to Dow Jones.
Wing Tai raised to Outperform by CIMB, but cuts target price
June 14th, 2010 |
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CIMB has upgraded Wing Tai Holdings (W05.SG) to Outperform from Neutral on view price has been overly beaten down, according to Dow Jones.
CWT upgraded to Outperform from Neutral by CIMB
June 11th, 2010 |
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CIMB has upgraded CWT (C14.SG) to Outperform from Neutral on view valuations more reasonable after underperformance in last 3 months, says Dow Jones.
Genting Singapore flat; Expect firmer earnings, says Macquarie
June 10th, 2010 |
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Genting Singapore (G13.SG) pares gains, flat at $1.04 on substantially lower volume, still locked in tight morning band of $1.03–$1.05, according to Dow Jones.
Asiatravel.com raised to Buy by DMG, cuts target
June 9th, 2010 |
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DMG has upgraded Asiatravel.com (5AM.SG) to Buy from Neutral on view valuation attractive with stock trading at 14.7x P/E, 35% below peers, says Dow Jones.