Keep Eye on These Singapore Stocks

Here are some Singapore Stocks that could move the market Today:

M1 reported a nearly 5% dip in 3Q17 ended Sept earnings to $32.7 million from $34.4 million in 3Q16 a year ago, mainly due to higher depreciation and interest expenses. Shares in M1 closed at $1.80 on Monday.

The Infocomm Media Development Authority (IMDA) today announced that it has imposed a $500,000 financial penalty on SingNet, a subsidiary of SingTel, for a fiber broadband service disruption that occurred on Dec 3, 2016. Shares in Singtel closed 2 cents higher at $3.72 on Monday.

Keppel DC REIT announced a 9M17 adjusted DPU of 5.22 cents, excluding the one-off capital distribution that arose from the Keppel DC Singapore 3 acquisition in January. This is a 4.2% increase from 9M16’s adjusted DPU of 5.01 cents after adjusting for the impact of the pro-rata preferential offering and the one-off net property tax refund in 2016. Units in Keppel DC REIT closed 1 cent lower at $1.35.

Keppel Infrastructure Trust (KIT) has declared distribution per unit (DPU) of 0.93 cents for the 3Q ended September, unchanged from a year ago. Group revenue for 3Q17 was flat at $160.3 million, as lower revenue from the concessions, Basslink, and CityNet was offset by higher revenue from City Gas.

Singapore Airlines (SIA) saw its group-wide passenger load factor (PLF) improve by 2.9 percentage points to 80.8% in September. Passenger carriage increased 8.3% compared to last year, outpacing capacity injection of 4.3%. Shares in SIA closed 6 cents higher at $10.26 on Monday.

Hiap Seng Engineering says it has won three contracts worth $52 million in Singapore and Thailand. Shares in Hiap Seng closed 0.4 cents higher at 13.9 cents.

The Trendlines Group’s subsidiary Trendlines Medical Singapore has made its first investment by committing a total of US$60,000 ($81,150) to a medical device startup, an interval which is developing a urological catheter to address catheter-linked urinary tract infection. Shares in Trendlines closed 1.24% lower at 16 cents on Monday.

Global Share Markets

All three major indices ended at records on Monday, with the Dow Jones Industrial Average rising 0.4% to 22,956.96. The broad-based S&P 500 gained 0.2% to 2,557.64, while the tech-rich Nasdaq Composite Index gained 0.3% to 6,624.00.

Singapore Stocks Market

The Straits Times Index (STI) on Monday extended gains from last week, adding 3.95 points or 0.12% to push through to 3,323.06.

Singapore Stocks To Watch

  • ZIWO
  • UNUSUAL
  • SINGHAYI
  • RAFFLES EDU
  • MM2 ASIA

So Earn more With our Stock Recommendations

Recent Stock Recommendations

SGX:Buy PAN HONG || Level 0.350|| Cut Profit @ 0.375 || Return 7.14%

KLSE:Buy MESB || Level 1.20 || Cut Profit @ 1.37 || Return 14.17%

Source – theedgesingapore.com

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