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Markets & Investing

China's GDP growth to rebound to 8%

113 reads

Beating market consensus forecasts. According to Nomura, China's Real GDP growth to rebound to 8.0% y-o-y in Q4 from a low of 7.4% in Q3, underpinned by accommodative monetary and fiscal policies, inventory destocking coming to an end and a modest improvement in exports. Read ››

8 in 10 SMEs worried over manpower in 2013

187 reads

They're calling for more incentives for recruitment. According to the release, the Association of Small and Medium Enterprises (ASME) reports that 88.4% of Small and Medium Enterprises (SMEs) expects Manpower to be their greatest worry and main cause of cost increase for year 2013. Read ››

Starhill Global REIT manager clarifies Australian report

206 reads

No definitive agreement has been entered into for Perth property. Read ››

MLT completes acquisition in China

87 reads

The Mapletree Wuxi Logistics Park is MLT’s 111th property. The purchase consideration for the logistics development located in Wuxi New District was RMB 116 million or ~S$22.8 million. Read ››

Chart of the Day: S-REITs outperform

225 reads

LMIRT topped the list with a 9.6% gain. OCBC Investment Research reported that the FTSE ST REIT Index had risen by 3.8% versus benchmark index STI’s gain of 1.8%. Read ››

Interra Resources begins trading on SGX Mainboard

269 reads

Transfer from Catalist to support "next stage of growth". In a release, Singapore Exchange (SGX) announced that Interra Resources Limited will join the Mainboard under the stock code, “5GI”. Read ››

Maybank proclaims StarHub as top telco stock pick for 2013

559 reads

StarHub has the best dividend play, Maybank argues. In its telcos sector update, Maybank Kim Eng explained that SingTel is facing a lot of competitive pressure both domestically and overseas, which should keep margins low. Read ››

Interra Resources to transfer listing from SGX Catalist

159 reads

The move to the SGX Mainboard will take effect on January 10. Read ››

The Abraaj Group names Sarah Alexander as managing director

149 reads

She will head the group’s North American stakeholders. In a release, The Abraaj Group, announced the appointment of Sarah Alexander as a Managing Director. Read ››

Delay in F&N bid tagged as 'unreasonable'

198 reads

Analyst says F&N shareholders are running out of patience. IG Markets Singapore commented: Another day, another meaningless Fraser & Neave deadline. Read ››

What makes selling crazily hard in Singapore

Raymond McConnell
BY RAYMOND MCCONNELL
1591 reads

What makes it hard to sell in Singapore? I've written down the difficult aspects of selling: •Accurately analyzing the growth potential of customers •Creating an effective territory plan •Developing an appropriate prospecting message •Formulating meaningful qualifying questions •Preparing responses for the inevitable stalls and objections Developing an effective plan to meet sales goals Read ››

APB's delistment from Singapore Exchange slated on March 14

170 reads

Heineken also announced the extension of its cash offer. In a release, Heineken N.V. Read ››

Yongnam Holdings Limited to commence trading on OTCQX

131 reads

See why the SGX-listed construction group sought the listing. "This market platform will allow Yongnam shares to trade more easily on an international basis, enable the Company to diversify its shareholder base, encourage trading liquidity, and improve access to new capital markets," said Yongnam Holdings Limited (Yongnam) in its release announcing its ADRs will commence trading on the OTCQX starting 8 January 2013. Read ››

Maybank names Top 5 Singapore property stock picks for 2013

4740 reads

Find out who made the cut. In its latest property sector report, Maybank Kim Eng named its top picks as CapitaLand, CMA and Keppel Land "for their diversified business models with China exposure" as well as Wing Tai and Ho Bee "for their exposure to Singapore’s high-end residential segment." Here's more from Maybank: Read ››

Singapore stocks outfavored in Asia this year

280 reads

Eyes are all set on China stocks. As fears of a hard landing for China recede, CIMB analysts had advocated that investors step out of their ‘yield’ comfort zone and stretch for growth. Read ››

"Realistic investing" is best Singapore market strategy for 2013: Maybank

939 reads

Time to shift cautiously from defensive picks, says Maybank. In its 2013 Singapore Strategy advisory, Maybank Kim Eng said that "while we would shift some of our allocation from the defensive sectors toward the growth sectors however, we are mindful that there still exists significant uncertainties on the ground. Read ››

K1 Ventures appoints Annie Koh as Independent Director

200 reads

Her extensive experience as Dean of Singaporean universities earned her the post. Read ››

Richard Chandler Corp names David Walker as group chief executive officer

277 reads

He is RCC’s first group CEO under the new company organization. Read ››

Swissco transfers to SGX Mainboard

111 reads

The listing transfer is effective on January 9. The Board of Directors of Swissco Holdings Limited announced that the company is moving from Catalist to SGX Mainboard. Read ››

A quick guide to the top 12 stocks for 2013

2331 reads

Guess which stocks soared an impressive 20%. According to the OCBC, the STI has moved up 2.7% in the past three weeks, ushering in optimism for 2013. Read ››

Japan's Nikkei 225 up 2.8%

76 reads

The weaker yen has driven Japanese equities. IG Markets Singapore noted: Traders in Asia may have been gearing up for some consolidation and profit-taking after last week’s major gains. Read ››

SGX securities market hits record high in 2012

206 reads

Performance is up 20% for the year. Singapore Exchange reports that the securities market performance as measured by the Straits Times Index was up 20% in 2012. Read ››

Gold prices will swing up in 2013 before diving in 2014

926 reads

Fall in gold prices still a year away, says OCBC. Read ››

Singapore stock market a laggard in Asia this 2013

655 reads

China seen a brightspot. DBS Groug Research has positive outlook for equities but STI’s upside, it said, is capped by low earnings growth, a result of the slow-growth, high- inflation environment. Read ››

Analyst calls F&N bidding war 'phony'

262 reads

No improved offer, only extended deadlines. IG Markets Singapore noted: It remains to be seen whether the other big corporate story of 2012, the battle for Fraser & Neave, will lead to a positive outcome for shareholders. Read ››

SGX Iron Ore Swap hits record high

202 reads

A whopping 108.9 million tonnes. According to the release, Singapore Exchange (SGX) has cleared a record high of 108.9 million tonnes (217,803 lots) for its flagship iron ore swaps in 2012. Read ››

SGX questions trading share increase of two companies

302 reads

Possible breach of rule 703. On January 3, Aussino Group Ltd. Read ››

Singapore bond volume doubles to $31.5b in 2012

142 reads

It's the largest increase in Asia Pacific. According to Dealogic, Asia Pacific (ex Japan) DCM volume reached $1.08tr in 2012, the highest total on record and up 42% on 2011 ($763.2bn). Read ››

Singapore the most targeted nation for M&As in Southeast Asia

209 reads

Bids for F&N, Thai Bev, OUE totaled $21.9b. According to Dealogic, Asia Pacific (ex Japan) M&A volume totaled $509.4bn in 2012, down 5% on 2011 ($535.1bn) and the lowest volume since 2009 ($395.7bn). Read ››

F&N suitors acting 'half-heartedly'

263 reads

Analyst wonders whether they are really interested. IG Markets Singapore noted: In Singapore one M&A story very much in play is the battle for Fraser & Neave. Read ››

DBS tops Singaporean-issued bonds underwriting in 2012

209 reads

Proceeds reached US$6.4 billion. According to Thomson Reuters, primary bond offerings from Singapore-domiciled issuers witnessed a record volume of US$31.1 billion, as local companies tap both domestic and foreign bond markets to raise funds, soaring 108% higher than last year. Read ››

Vincent Chen Wei Ching steps down as Transpac Industrial Holdings' Lead Independent Director

339 reads

He opts to substantially reduce his work commitments as he turns 65 soon. Read ››

Top Global officially transfers to SGX Mainboard

409 reads

Shareholders have approved the jump from SGX Catalist. In a notice to the Singapore Exchange, Top Global Limited said that during an extraordinary general meeting held on 20 December 2012, the company's shareholders approved and passed the special resolution and ordinary resolution for the transfer of listing from SGX Catalist to SGX Mainboard. Read ››

Overseas acquisitions from Singapore at its highest since 2007

260 reads

It's up 21% to US$19.5 billion. According to Thomson Reuters, foreign acquisitions targeting Singapore-based companies reached a record high of US$27.2 billion, up three-times compared to 2011, driven by mega deals related to the competing bids for Fraser & Neave and acquisition of Asia Pacific Breweries by Heineken. Read ››

Mega rival bids for F&N push Singapore M&A to its best-ever annual level of US$47.1b

456 reads

Why are we not surprised? According to Thomson Reuters, the value of announced M&A deals involving Singapore surged this year posting a record volume of US$79.4 billion, up 82.5% from 2011, driven by competing bids for Fraser & Neave which are currently still pending and will spill over in 2013. Read ››

Shareholders snapping up Olam bonds but doubts remain

396 reads

"Why make the offer so attractive?", asks IG Markets. In its Singapore evening update report, IG Markets notes that Olam topped the list of STI gainers in the past trading day as short covering before the much maligned capital rights issue drove the price upward. Read ››

Ezion finds a new investor in EDB Investments

280 reads

EDBI will subscribe for 14.3m new shares. According to Maybank Kim Eng, Ezion has entered into a proposed share subscription agreement with EDB Investments Pte Ltd (EDBI). Read ››

CQG partners with Phillip Futures for regional expansion

318 reads

Asia-Pac traders see a firmer frontline. CQG, Inc. and Singapore-based Phillip Futures Pte Ltd. Read ››

SGX has 3 conditions for approving Olam's US$750 bonds issue

671 reads

No pain, no gain. Read ››

Noble Group appoints William J. Cronin as Chief Operating Officer

327 reads

He has almost 30 years in the commodity business and has held senior positions of President, General Manager, EVP among others. Read ››