China Gaoxian (I4U.SG) is down 17.1% at $0.365 with 58 million shares traded, as its Korean depository receipts (950070.SE) tumble on their debut on the Korean stock exchange; in Seoul, the stock is down 4.3% at KRW6,030.
Posts Tagged ‘plays’
CPO prices to stay firm; UOB likes mid cap plays
January 25th, 2011 |
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UOB KayHian says firm CPO prices are likely to stay until mid-2011 as the peak production cycle is likely to be delayed to June/July vs earlier expectations of March/April.
The house says this is due to a lack of moisture after less-than-normal monsoon rainfall, while oil palm trees look stressed. It expects 2011 new add from Malaysia of 600,000-700,000 tons vs 800,000 tons earlier.
STI +0.1%; REITS, commodity plays, banks rise
January 19th, 2011 |
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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.
“Serbia plays key role in EU enlargement”
January 18th, 2011 |
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Greek FM Dimitris Droutsas has stated that Greece, which, along with Bulgaria, has assumed the responsibility of ushering neighboring countries into the EU.
Greece is doing everything in its power to promote the idea of the EU enlargement in the Western Balkan region, he said.
Madonna Plays Santa For Malawian Orphans
December 28th, 2010 |
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It was a very Madge Christmas in Malawi last weekend as Queen of Pop Madonna shipped boxes of toys, clothes, chocolates, and other sweets to six orphanages in the African nation, PEOPLE Magazine spills. Boxes of goods were shipped with a handwritten note from the star, which read: “To my Malawi children on Christmas and [...]
FCC Plays for Time with Fast Publication of Network Neutrality Decision
December 24th, 2010 |
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News Analysis: The FCC rushed to publish its Network Neutrality ruling on the agencys Web site on Dec. 23. But whether this move will breathe long life into the regulations remains doubtful. – The Federal Communications Commission published its “Open Internet” decision on Dec. 23 just two days after the 3-2 party line vote to impose network neutrality rules on Internet service providers.
The FCC rarely publishes its decisions this
quickly. After the rule has been published there is us…
Xbox Kinect, Bing and Kin: Microsoft’s Consumer Plays in 2010
December 23rd, 2010 |
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Microsoft’s 2010 saw a continued investment in Bing, its search engine, and the release of Kinect, a hands-free controller designed to increase the Xbox’s viability. – Microsoft made some substantial bets in 2010. In addition to pouring
millions of dollars into the development and marketing of its Windows
Phone 7, the reboot of its smartphone franchise, the company invested
in somewhat riskier endeavors.
One of those endeavors was Kinect, a hands-free control…
STI off 0.8%, May test 3,100; Korean plays weak
December 20th, 2010 |
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Unease over the increasing tension between the two Koreas is keeping buyers away from the Singapore market. Decliners outnumber gainers by more than 3.5 to 1 by the end of the morning session.
The STI is down 0.8% at 3,128.37 midday vs down 0.3% at 3,163.05 earlier. If it goes below the November low of 3,118 later in the session, the next support will be 3,100.
STI flat in low volume; Banks, rig plays up
December 17th, 2010 |
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The STI is flat at 3,148.20 in anaemic volume of 692 million shares worth $894 million, as a lack of global and domestic catalysts, combined with the fact that most participants are winding down for the festive season, means trade remains rangebound and largely directionless.
STI +0.2%; Rig builders, banks, commodity plays up
December 16th, 2010 |
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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.
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.
STI off 0.7%; 3,164 support; Penny plays favoured
December 10th, 2010 |
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Buyers are mostly avoiding larger-cap stocks in Singapore and going for lower liners amid a general lack of newsflow.
The STI at midday is down 0.7% at 3,186.76, coinciding with the 50-day moving average. Support is expected at this week’s 3,164 low set on Tuesday. In contrast, the FTSE ST Catalist Index is +1.4%.
Market breadth is negative with 2 decliners for every gainer.
Gisele plays animated superhero in eco-friendly web show for kids
December 9th, 2010 |
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Supermodel Gisele Bundchen has lent her likeness to the AOL Kids web video series “Gisele & the Green Team.” The Brazilian bombshell plays an animated superhero in this eco-friendly show for kids. “There”s a vital connection between empowering our youth and protecting our planet,” the New York Daily News quoted the supermodel as saying. “With [...]
DBS Vickers tips recovery in Singapore construction plays
December 1st, 2010 |
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DBS Vickers expects Singapore construction demand of around $24 billion in 2011-12, with public sector likely to account for about 55%.
Notes recent policy statements by PM Lee regarding urgent need for more HDB flats, enhanced public transport infrastructure; record number of sites in 2H11 Government Land Sales programme “also augurs well for construction demand”.
Limited policy risks on S-chip food plays: DMG
November 29th, 2010 |
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Overall impact of Beijing’s recent measures against food inflation on Singapore-listed China companies ranges from neutral to positive, although prospect of more controls in near term still poses concerns, says DMG.
Carmakers: Fiat plays double or quits with Chrysler
November 25th, 2010 |
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Sergio Marchionne reckons that Chrysler can help save Fiat from itself and from Italy. It is a gamble, but one he has to take
IN JANUARY Fiat cars will be back on sale in America for the first time in 27 years. The tiny, retro-styled Fiat 500 will appear in the showrooms of 130 dealers across the country. It was launched at the Los Angeles motor show last week, alongside a revamped Chrysler range. Fiat’s return to America is the first visible result of what is intended to be an ever closer union with Chrysler, agreed on last year when the Detroit giant was in bankruptcy. The two companies are betting that the Fiat 500—designed by Frank Stephenson, the man behind BMW’s transatlantic success with the MINI—will also prove as popular with Americans as it has with Europeans.
Returning to a country from which Fiat was driven out by poor quality—Americans used to quip that its name stood for “Fix It Again, Tony”—is a big risk. But the reward is to get back into one of the world’s largest markets and gain the scale that will promote Fiat from a smallish European firm (albeit with a successful business in South America) to the ranks of global carmakers. Its home market in Italy is too small, and its operations there too uncompetitive, to provide the basis for long-term survival. Merging with Chrysler will mean sharing development costs and technology, but will also mean having to turn around an ailing firm with competitiveness problems of its own. In sum, Fiat is playing double or quits. …
Buy Singapore O&M, commodity plays: DBS
November 22nd, 2010 |
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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.”
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Singapore-listed China food plays mostly lower
November 18th, 2010 |
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Shares of Singapore-listed China-based food companies mostly lower as investors cautious given Beijing’s plans for price controls on basic necessities, according to Dow Jones.
Sino Grandness Food (JS5.SG) off 1.2% at $0.40, Yamada Green Resources (MC7.SG) off 1.9% at $0.255, Synear Food (Z75.SG) off 2.1% at $0.235, China Minzhong Food (K2N.SG) flat at $1.25. Still, investors don’t appear to be overly bearish as selling pressure subdued based on modest volumes.
“The Chinese government’s comments on vegetable price intervention will help to moderate market expectations and put pressure on further price increases,” says DMG, but adds execution may be difficult as country’s fresh vegetables market highly fragmented.
Based on own checks with some of these companies, DMG says China Minzhong yet to receive official notice from government about price controls, while feedback from Yamada reveals subsidies have been given to supermarkets but no controls yet among fresh-food markets.
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Weekend Comment Jan 7: Jurong Point plays
GUTHRIE GTS and Lee Kim Tah Holdings are two retail mall plays which are trading below their net asset values. At 50 cents, Guthrie is trading below its NAV of 66 cents, at a price-to-book ratio of 0.75 times. Lee Kim Tah’s book value is 62.7 cents, and it is trading at a price-to-book of 0.9 times. The two companies own a 50% stake each in Jurong Point I, and a 25% stake each in Jurong Point II.
In a research note on Jan 7, Kim Eng Research raises the possibility of Guthrie GTS unlocking value of Jurong Point via a REIT. Following the completion of Jurong Point II, Jurong Point I and II together is Singapore’s largest suburban mall with a nett lettable space of about 750,000 sq ft, housing 450 shop units and adjacent to Boon Lay MRT station and a bus interchange.
Read more…