SGX Singapore Stocks & Forex Live Picks

Singapore SGX Stock updates

Your Advisor
Publish date: Thu, 02 Feb 2012, 12:21 PM
Your Advisor
0 10,452
Blog for SGX Singapore Stock & Forex Recommendations gives you Live Stock Picks, we provide all SGX Stock Picks, Singapore Share Prices, Forex Trading Recommendation along with STI Quotes. Get Live SGX Singapore Picks.
Asian shares, the euro and crude oil rose on Thursday as encouraging manufacturing data soothed fears about the global economic fallout from the euro zone debt crisis, with a drop in European government debt yields also supporting sentiment.

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) climbed as much as 1.3 percent to a five-month high of 438.52, with Australia and China leading the gains.

Credit Suisse has raised its target price for Singapore-listed palm oil firm Indofood Agri Resources Ltd to S$1.63 from S$1.40 and maintained its neutral rating. By 0331 GMT, shares of Indofood Agri were 1.7 percent higher at S$1.47 and have gained about 17 percent since the start of the year.

STATEMENT:
Credit Suisse said it has raised its earnings per share estimates for Indofood Agri by 21 percent in 2012 and 16 percent in 2013, to reflect its expectations of higher palm oil prices in the next two years. Indonesia's new crude palm oil export tax has made the country's upstream companies have higher earnings sensitivity to a change in palm oil prices, Credit Suisse said.

We provide you all SGX Stock picks, We provide live SGX prices with Singapore Stock Updates. For all STI Signals & Singapore Stock Recommendation along with SGX Nifty Tips, Fill our Form
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment