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Singapore Share Market Update:FY18 to remain a year of transformation for SingPost

Singapore UOB Kay Hian is maintaining its hold recommendation on Singapore Post (SingPost) with a target price of $1.46 as FY17 draws to a close, on the notion that FY18 will remain a “year of transformation” for the group where elevated costs will continue to dampen its earnings. In a Thursday report, analysts Thai Wei-Ying … Continue reading "Singapore Share Market Update:FY18 to remain a year of transformation for SingPost"

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Singapore Share Market Update:Why SGX remains attractive despite weaker than expected trading volume pick up

RHB is maintaining its buy call on the Singapore Exchange (SGX) with an unchanged target price of $9.10, even as it lowers its FY17F securities average trading volume (SADV) projections to $1.19 billion from $1.27 billion previously on weaker than expected volume pick-up in February this year. In a Wednesday report, analyst Leng Seng Choon … Continue reading "Singapore Share Market Update:Why SGX remains attractive despite weaker than expected trading volume pick up"

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Singapore Share Market Update:Spackman to acquire company that leased equipment for The Legend of the Blue Sea

Spackman Entertainment Group has entered into a sale and purchase agreement to acquire a 100% interest in Korean equipment leasing company Frame Pictures from its owner, for a cash consideration sum of KRW 900 million ($1.1 million). Additionally, the transaction will include the group’s payment of 497,250 shares from its partially-owned associated company, Spackman Media … Continue reading "Singapore Share Market Update:Spackman to acquire company that leased equipment for The Legend of the Blue Sea"

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Singapore Share Market Update:Sterling slips as Brexit talks get green light Asian stocks subdued before Fed

Singapore Sterling slipped on Tuesday after Britain’s parliament paved the way for Prime Minister Theresa May to launch divorce talks with the European Union, while stocks were subdued ahead of an expected U.S. interest rate later in the week.The pound retreated 0.1 percent to $1.2201 after both houses backed the so-called Brexit bill, opening the … Continue reading "Singapore Share Market Update:Sterling slips as Brexit talks get green light Asian stocks subdued before Fed"

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Singapore Share Market Update:Negatives for this REIT priced in while market shows sign of stabilisation

Singapore, OCBC is maintaining its buy on Frasers Commercial Trust (FCOT) given its recent share price fall on uncertainties over renewal leases. Year to date, FCOT’s share price has declined by 0.8%, underperforming the FTSE ST REIT Index and STI which have risen by 4.0% and 9.2% respectively. In a March 14 report, lead analyst … Continue reading "Singapore Share Market Update:Negatives for this REIT priced in while market shows sign of stabilisation"

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