Tuesday, 31 January 2017


And here's how to visit Japan and Singapore for less than $750 round-trip.

Buying pork keeps getting pricier in Singapore. While the overall cost of living stopped falling in the city-state, the average prices of traditional caramelized barbecue pork have climbed the most in at least four years in the weeks leading up to the Lunar New Year. The food item, commonly known as bak-kwa, is a popular gift and snack for the season in Singapore and Malaysia. Read more here.

It has been an optimistic start to 2017 in Singapore, as recent estimates from the Ministry of Trade and Industry reveal that the city state has sidestepped a technical recession, posting 1.8% growth in GDP for 4Q2016, and an overall growth rate of 1.8% for the year. While this is gratifying news, we still face a subdued economic outlook both globally and domestically. In Singapore’s real estate sector, the combination of slower employment, earnings and population growth is impacting housing demand. Add to that expectations of rising interest rates — thanks to likely hikes by the US Federal Reserve — and the overall sentiment is fairly gloomy. Thus, house prices in Singapore are under considerable downward pressure. With this in mind, the residential real estate market is likely to remain stagnant, with cooling measures still in place alongside ongoing slow economic growth. Read more here.

Still trying to decide where to go in 2017? We have an idea. For as little as $747 round-trip, travelers can visit Singapore and Japan anytime between now and May, or from August until early December. By extending your layover in Tokyo, travelers can see two cities for the still very low price of a round-trip fare to one. For more information on how to book, check out The Flight Deals detailed directions. Travelers will need to use ITA Software Matrix Airfare Search to locate the lowest fares, and use an advanced routing code to find connections greater than 48 hours. Read more here.



Monday, 30 January 2017

SINGAPORE BONDS POWER TO FRESH HEIGHTS


PRICES of Singapore dollar bonds continue to rise, hitting new highs, powered by lack of supply.
"There's not enough supply to soak up liquidity," said Clifford Lee, DBS Bank head of fixed income on Friday.

The Markit iBoxx Singapore corporates return index hit 118.5385 on Thursday in an almost non-stop rally since the start of the year. So far primary issuance has been slow and bond investors have been buying in the secondary market focusing on familiar names and high-grade credit, said Mr Lee.

Prices of Mapletree Investments' S$625 million 4.5 per cent perpetual bonds have risen strongly, it was quoted at 101.645 on Thursday. The wholly owned Temasek Holdings company sold its perpetual bonds on Jan 12 at 100 par. It was also the first deal for 2017.

Said Neel Gopalakrishnan, Credit Suisse emerging markets bond analyst, private banking research:"In the SGD market, there has been no meaningful supply of new bonds or further negative credit news, which has supported secondary market valuations."

Building on the sluggish end to 2016, 2017 has started on a similarly slow note, said bondsupermart in a Jan 24 note. New Singdollar issuance was down 55.9 per cent lower year-on-year for Q4 2016.
As of Jan 24, we've seen just three Singdollar issues launched so far in 2017, for a total issuance of S$895 million, it said. bondsupermart is a unit of iFast Corp.

In comparison, the year-ago period saw S$2.44 billion of new Singdollar issuance, although the timing of the Chinese New Year may be a factor - the holiday period falls in January this year, while the 2016 Chinese New Year period was in the month of February, it said.

"We've seen the USD-SGD correct somewhat this year, which has been accompanied by a decline in domestic rates - this has boosted the performance of SGD corporate bonds so far in 2017," said Terence Lin, assistant director of bonds and portfolio management at iFast.

The Singdollar weakened again on Friday; it was quoted at S$1.43 from S$1.42 on Thursday, though it is still stronger than the one-month low of S$1.45 on Dec 28. The 3-month SOR or swap offer rate has fallen substantially since the start of the year; it stood at 0.801 per cent on Thursday, down from 1.04 per cent on Dec 29.

"We're also observing an improvement in investor risk appetite in the high yield SGD segment, which has led to a pick-up in some of the higher-yielding SGD bonds," said Mr Lin.

Year-to-date Oxley Holdings 5 per cent 2019 has returned 3.2 per cent; Rowsley Ltd 6.5 per cent 2018 is up 1.5 per cent; and G8 Education 5.5 per cent 2019 has returned 1.3 per cent.


Saturday, 28 January 2017

SINGAPORE STUMBLES IN THE MOST-VISITED CITY RANKINGS


Bangkok nudged to 2nd place, pushing Singapore to 4th place.

Bangkok knocks off London and Singapore as it places second in the most-visited cities in 2015, according to the international market research group Euromonitor.

Singapore is now fourth in the rankings, with around 16.9m arrivals recorded in the said year. It enjoyed a comfortable position at the second place in 2012 and 2013, but it was bumped by London in 2014 to third place. Bangkok saw a 10% increase in arrivals to 18.6m, nabbing the second 
position
Meanwhile, despite the 3.9% drop in arrivals for the said period to 26.7m arrivals, Hong Kong still maintained its position as the most visited city.

Euromonitor said, 2015 was another turbulent year. Terrorist attacks, geopolitical conflicts, economic uncertainty, and health scares including MERS and Zika were just some of the factors impacting city arrivals. Nevertheless, top cities outperformed global travel flows, registering growth of 5.5% in international arrivals compared to 2014, showing the resilience of global cities as travel destinations." 



Friday, 27 January 2017

HDB RESALE TRANSACTIONS DOWN 9.1% IN Q4; KEPPEL CUTS JOBS AMID INDUSTRY SLUMP


And here are eight places in Singapore where you can have lunch for less than $15.

Resale prices of HDB flats dipped by 0.1 percent in the fourth quarter of 2016, according to a complete data published by the Housing Board. For the whole of 2016, the Resale Price Index slipped by 0.1 percent. On the other hand, resale transactions fell by 9.1 percent to 5,012 cases in Q4 2016 from 5,514 cases in the previous quarter. On an annual basis, resale transactions rose by 7.8 percent to 20,813 cases last year from 19,306 cases in 2015. 

Keppel Corp, the world's biggest oil-rig maker, said Thursday it cut 10,600 jobs last year and mothballed two overseas shipyards as weak crude prices continued to batter the industry. The cuts were in the conglomerate's Offshore and Marine (O&M) division, which has been hard hit by the downturn in oil and gas exploration following a prolonged slump in crude prices since 2014. Three shipyards in Singapore are also in the process of being closed, Keppel Corp chief executive Loh Chin Hua said at a media briefing.

Some people voluntarily choose to get up at 6am so they can hit the gym, take a free MRT ride to work and have a leisurely breakfast. Most of us are not one of them. For those of us who view waking up early in the morning as an endeavour that’s worse than re-sitting the O levels, it’s wise to replace weekend invitations to breakfast with brunch appointments. But nobody wants to pay $25 for a fancy version of eggs on toast. Here are eight places when you can enjoy brunch on a budget.


  • CAPITALAND
  • THAIBEV
  • ALLIANCE MINERALS
So Earning More on this Stock is profitable for Intraday & Contra Day Trader.

Our Stock Recommendations :
1. SGX INTRADAY SIGNAL: BUY AA AT 0.041 TARGET 0.043, 0.045 SL 0.038 …
2. KLSE INTRADAY SIGNAL: MBSB AT 1.10 TARGET 1.15, 1.20 SL 1.04 …



Wednesday, 25 January 2017

SINGAPORE SHARES OPEN 15 POINTS HIGHER ON WED


SINGAPORE share prices opened higher on Wednesday, with the Straits Times Index up 14.96 points, or 0.49 per cent, to 3,056.91 at 9.17am.

The exchange's three biggest movers in early trading were DBS, Singtel and Global Logistic Properties.

Some 221.7 million shares worth S$208.4 million changed hands, with gainers outnumbering losers 124 to 50.

Another SGX Market Penny Stocks of the Day:

  • YUUZOO
  • SINGTEL
  • GLOBAL LOGISTIC
  • SUNPOWER
So Earning More On These Stocks is profitable for Intraday & Contra Day Trader.

Our Stock Recommendations :
1. SGX INTRADAY SIGNAL: BUY YUUZOO AT 0.145 TARGET 0.150, 0.155 SL 0.139  …
2. KLSE INTRADAY SIGNAL: BUY EMICO AT 0.290 TARGET 0.300, 0.310 SL 0.275  …



Tuesday, 24 January 2017

SGX STOCKS TO WATCH: ASCOTT REIT, IHC, CACHE LOGISTICS TRUST, FRASERS COMMERCIAL TRUST


THE following companies had announcements that could affect the trading of their shares on Tuesday:

Ascott Residence Trust announced on Tuesday that its distribution per unit (DPU) for the fourth quarter ended Dec 31, 2016, was 1.93 Singapore cents, down 7 per cent from 2.7 cents a year ago, after adjustment for a one-off item. If unadjusted, DPU for Q4 was 2.04 Singapore cents, still a one per cent decline year-on-year.

A heated boardroom battle at Catalist-listed healthcare group International Healthway Corp (IHC) came to a head on Monday afternoon as shareholders voted to remove the entire board at an extraordinary general meeting (EGM) that lasted over two hours.

Cache Logistics Trust's fourth quarter distribution per unit (DPU) slid 10.8 per cent year on year to 1.85 Singapore cents, due to a lower capital distribution and an enlarged unit base compared to the year-ago period. In Q4 FY2015, sales proceeds from the disposal of Kim Heng warehouse lifted capital distribution.

Frasers Commercial Trust (FCOT) posted stable distribution per unit (DPU) of 2.51 cents for the fiscal first quarter ended Dec 31, 2016, and announced a S$45 million makeover for Alexandra Technopark that will commence in mid-2017.

Another SGX Market Penny Stocks of the Day:

  • NATURAL COOL
  • SUNMOONFOOD
  • HEALTHWAY MED
  • GENTING SING
  • GLOBAL LOGISTICS
So Earn More These Stock are profitable for Intraday & Contra Day Trader.

Our Stock Recommendations :
1. SGX INTRADAY SIGNAL: BUY BANYAN TREE AT 0.520 TARGET 0.540, 0.560 SL 0.495  …
2. KLSE INTRADAY SIGNAL: BUY IFCAMSC AT 0.405 TARGET 0.420, 0.435 SL 0.385  …



Monday, 23 January 2017

FRASERS CENTREPOINT TRUST'S NET INCOME DOWN 5.7% TO $31.6M IN Q1


Losses were due to renovations at Northpoint.

Frasers Centrepoint Asset Management announced that the distribution per unit of Frasers Centrepoint Trust were up 0.7% in 1Q17 to 2.89 Singapore cents.

This came as gross revenue came down by 6.4% to $44.1m, due to lower contribution from Northpoint which is undergoing renovations. The upgrading is set to be completed by September this year and the group claims that there are already retailers showing keen interest by pre-committing their leases.

Meanwhile, Causeway Point’s revenue rose 3.4% and accounts for about 48% of the total revenue. Net property income for the quarter declined 5.7% YoY to $31.6m, in line with the lower revenue achieved. Higher net property income contributions from Causeway Point, Bedok Point and YewTee Point helped to offset the lower contributions from rest of the malls.

During 1Q17, 66 leases accounting for 12.4% of FCT’s total net lettable area (“NLA”) were renewed at an average rental reversion of 6.9%. Causeway Point, which accounted for 52% of the total NLA of the leases renewed during the quarter, achieved average rental reversion of 10.6%.

Frasers Centrepoint Asset Management CEO Dr. Chew Tuan Chiong said, “We are pleased that FCT has delivered steady performance for 1Q17, with higher DPU of 2.89 cents compared with 1Q16. The financial position of FCT remains strong with gearing level at 29.7% and we will continue to stay vigilant on capital market conditions and mall operations.

SGX Market Hot Stock of the Day:
  • WILTON RESOURCES
  • TRENDLINES
  • SEMBCORP MARINE
  • ASL MARINE

So Earn More These Stock are profitable for Intraday & Contra Day Trader.

Our Stock Recommendations :
1. SGX INTRADAY SIGNAL: BUY ASL MARINE AT 0.158 TARGET 0.164, 0.170 SL 0.152  …
2. KLSE INTRADAY SIGNAL: BUY DOLPHIN AT 0.415 TARGET 0.430, 0.450 SL 0.380 …