Markets and Investing

Midas Holdings’ net profit up 18.1% to $122.5m in FY14

223 reads

On back of lower tax expenses. Midas Holdings reported an 18.1% increase in net profit to $122.5m (RMB56.3m) in FY14, on back of a 83.2% decline in tax expense. Read ››

Sino Construction commences execution of Micro Power Plants in South Korea

290 reads

The first MPP will operate in April. Micro Power Plants, or MPPs, are finding easier ways to enter the market as developed countries implement preferential tariff rates for renewable fuel sources used in power generation. Read ››

SIA's new premium economy class now open for booking

710 reads

It will initially be launched on flights to Sydney. Singapore Airlines' newest Premium Economy cabins were officially opened for booking today. Read ››

WE Holdings to issue warrants to fund expansion into Philippine commodity markets

139 reads

Up to 4.2b warrants will be issued for $0.001 each. Read ››

Lian Beng clinched $64.4m Tampines land parcel

163 reads

Via its subsidiary Goldprime land. Lian Beng’s 51% owned subsidiary, Goldprime Land Pte Ltd has been awarded the tender for a land parcel at Tampines North Drive 1, plot 1 at a purchase price of SGD64.4m.  Goldprime intends to develop the land parcel subject to all necessary approvals from the relevant authorities. Read ››

Local insurance providers refuse to cover Hong Kong trip cancellations

234 reads

It's excluded in insurance policies. NTUC Income revealed that it will no longer cover cancellation of trips to Hong Kong, as the clashes continue between police and pro-democracy protesters in the island. Read ››

Rex International Holding to procure exploration technologies

336 reads

It’s a 100% shareholding interest in Rex Technology Management. RTM’s suite of proprietary and innovative exploration technologies will now be under Rex International Holding Limited, with the acquisition completed by 1 December. Read ››

RH Petrogas amasses 4.1% more barrels in 2Q

306 reads

Credits to the Basin production sharing contract. RH Petrogas remains a key player in the oil and gas sector as it continues to see profit growth in 2014. Read ››

Up for grabs: Q&M offers 1-for-5 rights issue

345 reads

It’s an attractive 140.5 million shares at $0.10/rights share. Dental group Q&M has announced a 1-for-5 rights issue to raise $14.1 million. Read ››

OKH Global Limited joins SGX Mainboard

1496 reads

Under the stock code “S3N”. To explain OKH Global Limited's stock code, Singapore Exchange explained that Sinobest Technology Holdings Ltd acquired OKH Holdings Pte Ltd for S$123 million. Read ››

Shanghai Asia Holdings notified of SGX-ST delistment

1233 reads

Securities trading suspended by June 4. The Board of Directors (“Board”) of Shanghai Asia Holdings Limited (the “Company”) announced that the Company has on 3 May 2013 received from the SGX-ST the notification of delisting from the Official List of the SGX-ST (“Delisting Notification”). Read ››

Rakuten Securities joins SGX as derivatives trading member

461 reads

Japanese online brokerage comes onboard. The Singapore Exchange (SGX) welcomed Rakuten Securities, Inc to its derivatives market as a Trading Member, in a release. Read ››

Courts Asia issues S$125m notes for debt repayment, general spending

1564 reads

Issuance slated for May 2. Read ››

Deutsche Bank expresses bearish bias on Singapore dollar

430 reads

See what positions you should be taking. Deutsche Bank also dismissed the idea of drawing confidence from Monetary Authority of Singapore's (MAS) decision to keep policy unchanged. Read ››

MAS implements new scheme to enhance investing in ASEAN capital markets

265 reads

Scheme takes effect April 2. In a release, the Monetary Authority of Singapore (MAS) announced the implementation of the ASEAN Disclosure Standards Scheme (Scheme) for multi-jurisdiction offerings of equity and plain debt securities in ASEAN together with the securities regulators in Malaysia and Thailand. Read ››

Tosei Corporation enters the SGX Mainboard

921 reads

Japanese firm seeks regional expansion through listing. In a release, the Singapore Exchange (SGX) announced that Tosei Corporation (Tosei) has listed on its Mainboard by way of a secondary listing via introduction. Read ››

Cleartrade Exchange launches liquidity scheme for Iron Ore Derivatives

378 reads

Get aggressive discounts on execution fees. In a release, Cleartrade Exchange (CLTX), the Singapore Regulated Futures Exchange, announced the launch of a new scheme for its members, offering discounts on existing execution fees in return for an upfront volume commitment. Read ››

Mapletree Greater China Commercial Trust enters the SGX Mainboard

893 reads

It's the largest REIT IPO to-date. Mapletree Greater China Commercial Trust listed on the Singapore Exchange (SGX)  Mainboard, under the stock code of “RW0U”. Read ››

KGI Capital joins SGX as first Taiwanese derivatives clearing member

522 reads

Also the 7th Taiwanese trading member. Read ››

Chasen Holdings transfers to SGX Mainboard

393 reads

Part of long-term growth strategy. Singapore Exchange (SGX) announced the official listing of Chasen Holdings Limited on Mainboard, under the stock code of “5NV”. Read ››

SGX cleared record iron ore volume in January 2013

367 reads

That's 18.2 million metric tonnes. In a release, Singapore Exchange (SGX) announced that the cleared volume for its Iron Ore swap and options contracts reached a record high of 18.2 million metric tonnes (36,365 lots) in January 2013. Read ››

See what made Oxley Holdings transfer to the SGX Mainboard

728 reads

Oxley Holdings gears into investor hunting mode. In a release, property developer Oxley Holdings Limited (Oxley) announced its successful transfer of its listing from the Catalist to the Mainboard of the Singapore Exchange. Read ››

Dividend theme deemed best defensive strategy for Singapore market

469 reads

Dividend resiliency is key. "Though Singapore remains our least preferred market in ASEAN 3, we believe the dividend theme provides the best defensive strategy in this market as long as bond yields and global growth remain low," according to the brokerage research firm Morgan Stanley's latest Asia Macro Debates report. Read ››

Singapore dollar trades weaker against the greenback

285 reads

US equities markets reached multi-year highs. IG Markets Singapore noted: The Singapore dollar trades weaker against the greenback as optimism on the global economy gains traction, pushing US equities markets to reach fresh multi-year highs. Read ››

STI set for further recovery

229 reads

Thanks to improved sentiments. OCBC Investment Research said: The more than 1% rally on Wall Street last Friday night is likely to provide significant inspiration to the local bourse this morning. Read ››

Singapore dollar trades at $1.2358

193 reads

FX markets stabilised. IG Markets Singapore noted: Last night was a choppy one for currencies, with US GDP and a Fed statement keeping traders on their toes. Read ››

STI up 0.8%

210 reads

The index overcame the 3280 resistance. OCBC Investment Research said: The mild pullback on Wall Street overnight is unlikely to provide any inspiration to the local bourse this morning. Read ››

Singapore dollar trades around $1.2340

206 reads

There had been panic buying of US dollars. IG Markets Singapore noted: Asian currencies did very little overnight as they await the end of the Fed's two-day policy meeting. Read ››

STI down 0.4%

242 reads

Positive impact of Wall Street gains is forecast to be minimal. Read ››

New Olam bonds and warrants hits SGX-ST tomorrow

692 reads

Trading begins 9:00 AM on January 31. In a release, Olam International described the trading of odd lots for the new bonds: Read ››

Singapore dollar down

261 reads

It trades at $1.2376 against the US dollar. IG Markets Singapore noted: Traders took a breather from rising equities last night and currencies were caught in the crossfire. Read ››

STI up 0.1%

192 reads

Stock markets took on a cautious tone, says IG Markets Singapore. Read ››

Singapore dollar loses ground

272 reads

The greenback has been strengthening. IG Markets Singapore noted: The Singapore dollar has lost a little ground to the greenback over the weekend after a period of USD strengthening. Read ››

STI up 0.6%

174 reads

Gains for January are forecast at more than 3%. OCBC Investment Research said: The higher Wall Street close last Friday night could continue to inspire the local bourse to further gains this morning. Read ››

Singapore dollar loses against the greenback

242 reads

There have been strong signals from the US economy. IG Markets Singapore noted: The greenback gained against the SGD as we went back through the 1.23 level again, after strong signals from the US economy with lower-than-expected initial jobless claims, which dropped to a five-year low. Read ››

STI up 0.5%

199 reads

The index hit a two-year high. OCBC Investment Research said: The mixed reactions on Wall Street overnight are unlikely to provide much inspiration to the local bourse this morning. Read ››

Singapore dollar trades in narrow ranges

236 reads

The local currency held firm against most major currencies. IG Markets Singapore noted: The SGD held firm against most major currencies, and traded in narrow ranges. Read ››

STI up 0.4%

178 reads

Gains could be limited though because of Apple results. OCBC Investment Research said: Continued strength on Wall Street overnight should see the local bourse get off to a positive start this morning. Read ››

Singapore dollar moves higher against the greenback

202 reads

The local currency is trading around 1.2270. IG Markets Singapore noted: The SGD has moved back higher against the greenback, currently trading around 1.2270, having once again tested what seems to be the short-term resistance level of 1.23 yesterday. Read ››

STI set for positive start

179 reads

Wall Street results should help. OCBC Investment Research said: Good start on Wall Street overnight should provide some positive boost to the local market this morning, especially after yesterday’s lackluster session. Read ››