SGX Singapore Stocks & Forex Live Picks
SGX Live Morning Updates of Today!!
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Publish date: Wed, 18 Jul 2012, 12:08 PM
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>>S'pore: Shares open higher:
* Singapore share prices opened higher on Wednesday with the Straits Times Index up 5.04 points to 3,019.84.
* Shares were up 0.22% from its open.
* About 118.7 million shares were traded.
* Gainers beat losers 103 to 29.
>>CIMB cuts Keppel T&T target price:
* CIMB Research cut its target price for logistics company Keppel Telecommunications & Transportation to S$1.20 from S$1.22 and kept its 'neutral' rating, citing potentially higher operating expenses.
* By 0101 GMT, shares of Keppel T&T were 0.4 percent lower at $1.13 and have gained 1.8 percent since the start of the year, compared to the FT ST Industrials Index's 15 percent rise.
>>Stocks to watch on July 18:
* CAPITAMALL TRUST
CapitaMall Trust said its distributable income rose 5.5 percent in the second quarter to S$79.6 million from a year ago, helped by higher gross revenue from its shopping malls.
* ASCENDAS REAL ESTATE INVESTMENT TRUST
Ascendas REIT, which owns industrial assets, said its distribution per unit for April-June rose 10.3 percent to 3.53 Singapore cents from a year ago, helped by positive rental reversions and higher gross revenue due to acquisitions and the completion of development projects.
* KEPPEL TELECOMMUNICATIONS & TRANSPORTATION LTD
Logistics firm Keppel T&T said its second-quarter net profit fell 19.2 percent to S$14.3 million from a year ago, hurt by an increase in overheads and lower sundry income.
>>Market News:
* Nikkei opens up after Wall Street rally!
* Coke, Goldman earnings good enough for Wall St!
* Yields rise as Bernanke mum on new Fed action!
* Dollar volatile; Bernanke vague on further easing!
* Gold cuts losses after Bernanke, equities help!
* Oil up on Bernanke leaving stimulus door open!
* Key political risks to watch in Singapore!
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Ride The Bull Short The Bear
CS Tan
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
