SGX Stocks and Warrants
Will UOB surprise on upside like DBS?
Warrants Highlight
Will UOB surprise on upside like DBS?
Macquarie is pleased to list the following new warrants this morning:
| Code | Name | Type | Expiry | Exercise Price |
| QD8W | Ezra MBeCW121101 | Call | 01-Nov-12 | 1.10 |
| QD6W | IndoAgriMBeCW121101 | Call | 01-Oct-12 | 1.50 |
| QE0W | NOL MB eCW121101 | Call | 01-Nov-12 | 1.30 |
| QD7W | UOB MB eCW121101 | Call | 01-Nov-12 | 19.00 |
UOB – reporting today
The second of the three Singapore banks to report, UOB will release its 1Q12 results today. According to seven analysts polled on Bloomberg, the consensus is an adjusted net income of $626.14mn. UOB’s counterpart DBS had reported record Q1 numbers two weeks ago, with total income crossing $2billion for the first time. UOB closed up 0.7% at $18.33 yesterday.
IndoFood – prediction for palm oil production to gain most in seven months
Another Bloomberg survey revealed expectations for Malaysian palm oil production for the month of April to gain the most in seven months. Median estimates of three plantation companies expect output to advance 6.6% to 1.29mn metric tons from the 1.21mn tons in March. Official numbers will be published by the Palm Oil Board tomorrow.
Palm oil prices have gained 5.8% this year after soybean harvests in South America declined on droughts, draining cooking-oil supplies.
Palm oil play IndoFood Agri closed down 0.4% at $1.405 yesterday.
NOL – shipping rates boosted
Last Friday, Bloomberg reported that container lines are raising Asia-Europe rates for the third time in 2012, helped by restricted capacity, pooled ships and an end to price wars that caused industry wide losses last year. According to the Shanghai exchange, Asia-U.S. west coast route rates have risen 43 percent this year.
The rising rates will bode well for container-line stocks if demand sustains. NOL closed up 0.4% at $1.215 yesterday.
Singapore Market Wrap
Mild Rebound Yesterday
Jittery investors who sold off shares on Monday were calmer yesterday, with the STI rebounding 0.2% day-on-day (dod) to close at 2,932.0. Shares were mixed with strong rebounds seen in smaller cap CPO names, while property developers continued to slide further.
Bumitama Agri rebounds
Bumitama Agri, the newly listed Crude Palm Oil (CPO) play rebounded 2.7% dod and closed at $0.94 yesterday. Since listing, the stock has risen 25% based on yesterday's closing price.
Call Bumitama MBeCW120702 (P9EW) exercise price $0.85.*
Call Bumitama MBeCW120903 (P9FW) exercise price $1.00.*
Property developers continued to slide
Property developers continued to get sold down, especially those with exposure to the Chinese property market. CapitaLand (-1.8% dod, $2.73) and Yanlord (-2.7% dod, $1.08) both closed in the red. CapitaLand went ex-div on Monday this week.
Call CapitalaMBeCW120904 (QC5W) exercise price $2.979.*
Put CapitalaMBePW121004 (P5OW) exercise price $2.979.*
Long dated CapitalaMBeCW130603 (L0SW) exercise price $4.270.*
Call Yanlord MBeCW120801 (O8XW) exercise price $1.15.*
Biosensors nearing October low
Biosensors tumbled 3.1% dod and closed at $1.245 yesterday. The stock is nearing its October 2011 low of $1.115 after touching a high of $1.70 in February this year. Macquarie will be listing a new warrant which will start trading today.
Call BiosensoMBeCW121101 (QD9W) exercise price $1.40.*
Overnight Market Wrap
Greek Worries Continue
S&P500 pared earlier losses but remained in negative territory, falling 0.5% day-on-day to 1,363.72. The failure to form a new Greek government over the weekend continued to spook the markets as investors are afraid that the country may default in coming months.
Crude oil fell for the fifth trading session to $97.01 per barrel, while the EUR broke its $1.30 support level again.
Overnight Markets
| Indices | Last | Change |
|---|---|---|
| STI | 2931.98 |
0.2%  |
| HSI | 20484.75 |
-0.3%  |
| DJIA | 12932.09 |
-0.6% |
| S&P 500 | 1363.72 |
-0.4% |
| Nasdaq | 2946.27 |
-0.4% |
Corporate News
Corporate Announcements
Cosco Corp posted a 1Q12 net profit of $27.8mn, a 25% drop from the previous year.
Results Announcement
Wed 9 May: UOB 1Q12, SembMarine 1Q12, Ezion 1Q12
Thu 10 May: Wilmar 1Q12, SingTel 4Q12, Genting Singapore 1Q12, Noble Group 1Q12
Fri 11 May: OCBC 1Q12, Golden Agri 1Q12
Mon 14 May: STX OSV 1Q12
Tue 15 May: Olam 3Q12
Ex-Dividend Date
Wed 9 May: DBS ($0.28), Genting ($0.01)
Tue 15 May: Noble Group (US$0.0165)
Thu 17 May: Yangzijiang ($0.055)
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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....
