Singapore shares may open higher on Wednesday after global markets rallied on strong manufacturing data and easing concerns about the Middle East, although volumes are expected to be light on the eve of Chinese New Year. Citigroup in a note its clients on Wednesday said ample global liquidity suggests continued Singapore dollar strength, low interest rates and buoyant commodity prices. Singapore’s benchmark Straits Times Index <.FTSTI> was up 0.16% to 3,184.74 points. Here are some stocks and factors to watch:
Posts Tagged ‘higher’
Jan 19: Singapore stocks may open higher; OUE, CapCom Trust in focus
January 19th, 2011 |
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Singapore shares may open higher on Wednesday, helped by stronger commodity prices, improving sentiment in the debt-laden euro-zone and robust earnings from US technology companies. Singapore’s benchmark Straits Times Index <.FTSTI> rose 0.34% on Tuesday to 3,249.58 points.
Here are some stocks and factors to watch:
Singapore hotel operator Overseas Union Enterprise (OVES.SI) may be in focus after IFR reported that Credit Suisse International is selling up to a US$116 million ($149 million) stake in the property firm.
Jan 17: Singapore stocks may open higher; China moves seen limiting
January 17th, 2011 |
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Singapore shares may open higher on Monday following gains on Wall Street overnight,lifted by financial stocks. However, any gains may be subdued due to China’s latest move to tighten monetary policy. Singapore’s benchmark Straits Times Index <.FTSTI> fell 0.3% on Friday to 3,245.96 points. Here are some stocks and factors to watch:
Jan 12: Singapore stocks may climb higher; Energy firms, Hyflux in focus
January 12th, 2011 |
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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:
Forrester, Gartner Forecast Higher IT Spending but Lower PC Sales in 2011
January 11th, 2011 |
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Global IT spending is due to increase in 2011, even as hardware sales decline because of a strong growth in software and mobile devices, according to Forrester Research and Gartner. – Global IT spending is expected to grow overall in 2011,
according to two different analyst reports. However, both Gartner and Forrester
analysts said spending in the PC segment will be impacted the increasing
popularity of tablets and smartphones.
Global IT spending will grow 7.1 percent to $1.7…
Chiropractic Software – A new higher standard to gauge by. Posted By : Kyle Swan
January 6th, 2011 |
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You the boss invest in Chiropractic Software just like you do with other workplace tools used within your practice, to be a benefit. As a result, you demand a superior level of performance from this system in order for it to benefit your practice, and in the end your patients.
STI remains up 1.2%; most bluechips higher
January 3rd, 2011 |
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Singapore’s STI remains up 1.2% at 3226.71, and looks likely to stay in positive territory for the rest of the session; good buying in blue chips is seeing about two thirds of STI components rise 1.0% or more, led by Golden Agri’s (E5H.SG) 2.5% gain to $0.820 with a good volume of 61 million shares.
Market breadth is still positive with 3 gainers per decliner and volume is better at 1.25 billion shares traded worth $842 million, as many players return to the market after the seasonal lull.
Palm oil firms rally on higher price hopes
January 3rd, 2011 |
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Shares of palm oil plantation stocks, which have higher exposure to plantation, rose on Monday as analysts were bullish on the sector as demand outstrips supply which could support higher prices.
At 0316 GMT, shares of Golden Agri-Resources (GAGR.SI) gained 2.5%, Indofood Agri Resources (IFAR.SI) rose 3.2% and First Resources (FRLD.SI) added 1.9%.
STI closes higher at 3,207.91
December 29th, 2010 |
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Singapore’s Straits Times Index gained 0.8% to 3,207.91 as of the close of trading. Twenty-eight stocks advanced and one fell in the benchmark equity index of 30 companies.
Shares on the measure trade at an average 15.7 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to data compiled by Bloomberg.
Women with wide waists face higher cancer risk
December 29th, 2010 |
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Almost half of women have a higher risk of cancer because of their bulging waistlines. Most people think men carry more weight around their tummy, but the reality is that women are way out in front. Forty-four percent of women in England have a large waistline linked to a range of cancers and other diseases, [...]
STI closes 0.2% higher at 3,143.80
December 24th, 2010 |
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Singapore’s Straits Times Index gained 0.2% to 3,143.80 as of the 12:30 p.m. close, trimming this week’s decline to 0.3%. The market shut early today for Christmas Eve. Two stocks advanced for each that fell in the benchmark equity index of 30 companies.
Shares on the measure trade at an average 15.3 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to data compiled by Bloomberg.
Sensex opens 23 points higher
December 23rd, 2010 |
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A benchmark index of Indian equities opened almost flat with a positive bias Thursday, taking cues from stability in the global markets. The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 20,038.83 points – up 23.03 points from the previous close of 20,015.80 points. At the National Stock Exchange, the 50-share [...]
STI closes 0.2% higher at 3,139.85
December 21st, 2010 |
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Singapore’s Straits Times Index gained 0.2% to 3,139.85 at the close. Two stocks rose for each that fell in benchmark equity index of 30 companies.
Shares on the measure trade at an average 15.3 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to data compiled by Bloomberg.
SATS off 0.4%; Earnings tweaked higher on TFK buy
December 21st, 2010 |
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SATS (S58.SG) off 0.4% at $2.83, giving back some of yesterday’s 0.7% gain which came amid a weak market on news the company has completed the acquisition of Japan Airlines International’s entire 50.7% stake in in-flight caterer TFK Corp. for $122 million.
Phillip Securities, which has a Buy call and raises its target to $3.48, says the purchase is a proxy to growth at Japan’s Narita and Haneda airports.
Palm plays tad higher; DMG likes First Resources
December 13th, 2010 |
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Palm stocks edge up with Golden Agri (E5H.SG) +0.7% at $0.775 and Indofood Agri (5JS.SG) +1.4% at $2.82; though volume is fairly light as the overall market is generally lackluster and investors are likely to be more cautious on palm plays now that most are near 2.5-year highs.
DMG, which is Neutral on the sector, notes Malaysia’s palm oil inventory started to decline last month as production began on a seasonal downcycle.
GMG Global +4.8%; Tracking rubber prices higher
December 9th, 2010 |
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GMG Global (5IM.SG) is +4.8% at $0.325 trading with a higher-than-average volume of 32 million shares.
The rubber producer’s stock is benefiting from elevated rubber prices, with Tocom rubber futures nearing the 30-year highs hit last month; the gains are the result of tight supply in Thailand due to bad weather, and rising Chinese demand amid brisk auto sales, while the broader macro picture of stronger global PMIs, rising crude oil prices and loose monetary policy are boosting the liquidity flow into the commodities complex.
Noble, Olam up; commodities get boost from higher oil
December 6th, 2010 |
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Shares of Singapore-listed commodity firms rose on Monday after oil prices hit a 25-month high in the U.S., spurred by a weaker U.S. dollar and colder weather in Europe.
Noble Group’s <NOBG.SI> shares rose 2.4% to $2.12 at 0215 GMT, with over 8.2 million shares changing hands. Olam International <OLAM.SI> rose 1.6% to $3.20.
Tobacco companies against higher taxes
December 3rd, 2010 |
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Three of the world’s biggest tobacco companies with factories in Serbia criticized higher cigarette excise tax without agreement with the industry.
This would have negative impact on business and the attracting of foreign investors to Serbia, they said.
Higher federal tax on US gasoline?
December 2nd, 2010 |
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Is this the automotive industry equivalent of turkeys voting for Christmas or is it an unpalatable measure whose time has come?
Edmunds.com CEO Jeremy Anwyl has called for a hefty increase to the US Federal Gas Tax. He’s arguing that it would be right as a means to nudge the industry towards a more fuel-efficient future. I recall Bill Ford making similar comments not so long ago.
It would also raise a lot of much-needed tax revenue for Uncle Sam.
As for the US fiscal deficit, well, no easy answers there and tackling it – through reduced public spending and/or higher taxes – is bound to bring some pain. We also have that uncomfortable conundrum here in Britain (and we are used to high taxes at the petrol pump which are basically a blatant tax grab that goes into the general government spending kitty, not ring-fenced for transport infrastructure, which was the original intention).
Maybe a higher tax on petrol in the US, while not exactly a pleasing prospect for many, would at least bring some longer-term positives and be preferable to some other options under consideration. It’s a policy option that at least deserves to be debated and in the mix.
Has its time come? As Jeremy Anwyl notes, probably not, but it is no longer crazy talk.