Singapore stocks news 2

Singapore: Singapore shares opened higher on Thursday morning (Nov 22), climbing 12.34 or 0.41 percent to 3,050.99 after US stocks recorded a superior execution on Wednesday following a two-day drop.

At 9.02am, Gainers/Losers were 59/30. Among the most traded stock was Spackman Entertainment Group which edged up 0.1 penny or 3.85 percent to 2.7 pennies as 9.44 million offers were exchanged. In the interim, Singtel increased five pennies or 1.62 percent to $3.13 as 4.5 million offers were exchanged.

SGX Top Gainer Stocks

Stock Last Change
JMH USD 64.8 1.28
JSH USD 36.14 0.25
Best World 2.28 0.11
SIA 9.4 0.1
Haw Par 12.39 0.08

SGX Top Loser Stocks

Stock Last Change
UOB 23.87 -0.23
Pharmesis Intl 0.136 -0.144
Delong 6.35 -0.09
SGX 7.12 -0.09
Jardine C&C 34.53 -0.08

Top gainers included Jardine Matheson Holdings, which rose 1.46 or 2.3 percent to US$64.98.


Stocks to Watch

In economic front, Singapore’s non-oil domestic exports rose 8.0 percent as electronics exports continued to decline.
Stocks to watch: No Signboard, Ace Achieve Infocom, Soilbuild, Jumbo, Banyan Tree, AA Reit

No Signboard Holdings: In a documenting with the Singapore Exchange on Thursday, No Signboard said it had embraced an audit on the recoverability of the gathering’s generosity and immaterial resource of its brew business and has chosen to hinder the advantage as per Singapore Financial Reporting Standards. Consequently, it is relied upon to record bookkeeping misfortunes for Q4 FY18 and FY18. “Such debilitation is fundamentally owing to the way that the brewing business had not executed as foreseen,” it included. It is relied upon to discharge its outcomes at the latest Nov 29.

Expert Achieve Infocom: Ace Achieve Infocom intends to gain a 36 percent stake in a blockchain web-based exchanging and installment arrangements business for $1.9 million, as indicated by filings with the Singapore Exchange late on Wednesday.
Soilbuild Construction Group: The gathering on Wednesday said that it intends to purchase

Sembcorp EOSM – a related firm of Sembcorp Industries that plans and makes building materials in Singapore, Malaysia, and India – for some $12.3 million. The buy included purchasing the 60 percent stake held by Sembcorp Industries’ unit, and the rest of an accumulation of dealers including Thye Chuan Engineering Construction and a few people. Soilbuild said that the obtaining would “advantage the gathering by further understanding its vision to convey ideal development and administration answers for customers and to upgrade investors esteem”.

Kind sized Group: Chili crab eatery network Jumbo Group on Wednesday detailed a 23.8 percent fall in the net benefit for its financial 2018, as the gathering processed its development of the Jumbo Seafood chain in China, and an expansion of the establishment to work Hong Kong’s Tsui Wah Cha Chaan Teng in Singapore. Net benefit for the year finished Sept 30, 2018, remained at $11 million, down from $14.5 million per year prior. This comes regardless of a 5.5 percent lift in income to $153 million, as costs ascended at a faster pace. Income per share remained at 1.7 pennies, down from 2.3 pennies.

Banyan Tree Holdings: A unit of resort administrator Banyan Tree Holdings intends to offer 18.6 percent of its stake in a joint endeavor (JV) with China Vanke, Banyan Tree Assets (China) Holdings (BTAC), to China Vanke for $78.6 million. BTAC is a JV organization shaped between Banyan Tree Holdings and Vanke for holding principally the majority of the inns and land resources of the JV in China. The stake was sold through its unit, Banyan Tree China (BTC), which had possessed 22.8 percent of the shareholding in BTAC preceding the proposed deal.


Singapore Currency

Forex Signals: In Currency market SGD lost against US Dollar pointing to 1.3737 and trading in range 1.3725-1.3742
After GDP data below than expected weigh on the currency market.


Global Market Updates

U.S stocks closed higher on Wednesday, recovering from lows of two days ahead of Thanksgiving week in almost 50 years. The tech-prevailing Nasdaq Composite COMP, +0.92% was the best-performing significant list, quitting for the day, the S&P 500 SPX, +0.30% included 0.3% and the Dow Jones Industrial Average DJIA, +0.00% slacked, completing the session unaltered. In the monetary news, jobless cases rose to 224,000 and sturdy products orders fell 4.4%. Somewhere else, an organization news, offers of Footlocker Inc. FL, +14.91% climbed 15% after a second from last quarter profit beat. U.S. budgetary markets are shut for Thanksgiving on Thursday.

Index Last Change
Dow 30 24464.69 -0.95
S&P 500 2649.93 8.04
Nasdaq 100 6575.66 48.7
FTSE 100 7050.23 102.31
DAX 11244.17 177.76


Gold Price Forecast

Gold prices trade higher after weak US data and jobless claims raise investors to search for safe-haven assets December gold futures rose to $1230 an ounce up

Daily Gold trading Range: $1220-$1230

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