SGX Stocks and Warrants
Genting - Acquisition the Next Catalyst?
Warrants Highlight
Genting - Acquisition the Next Catalyst?
Macquarie is pleased to list the following new warrants this morning:
| Code | Name | Type | Expiry | Exercise Price |
| QK7W | GentingSMBeCW121105 | Call | 05-Nov-12 | 1.50 |
| QK8W | NOL MB eCW121203 | Call | 03-Dec-12 | 1.10 |
| QK3W | CoscoCoMBeCW121105 | Call | 05-Nov-12 | 0.950 |
| QK6W | KepCorp MBeCW121002 | Call | 02-Oct-12 | 9.50 |
| QK5W | OCBC Bk MBeCW121001 | Call | 01-Oct-12 | 8.30 |
| QK4W | UOB MB eCW121001 | Call | 01-Oct-12 | 17.30 |
The morphine boost from the much anticipated junket approval in March has faded. Analysts realised that the Singapore junkets are small and are not able to significantly drive volumes like its Macau counterparts. Genting share price retreated from 2012 high of $1.75 to yesterday closing level of $1.50. Some investors are wondering what could be the next catalyst for Genting Singapore.
Unused war chest
Genting went through 2 big cash raising exercises this year. It raised S$1.8bn in February and another S$500mn in April. Dow Jones reported that the management said that the war chest could be used on greenfield projects as well as gaming acquisitions. However, they have yet to announce specific plans.
NOL joining forces
On a separate note, NOL’s subsidiary, APL, announced on Wednesday that it will be launching a new joint service with PIL, linking the Far East and Red Sea. Eight post-Panamax ships will be deployed in the joint service, with APL operating three vessels. The first service will start in June.
Singapore Market Wrap
STI hovers just below 2,800
Singapore stocks closed unchanged day-on-day (dod) at 2,779.53 yesterday, finishing just half a point short of the 2,800 level.
Call STI 2950MBeCW120831 (QE8W) exercise level 2,950.*
Put STI 2850MBePW120831 (QE9W) exercise level 2,850.*
Call STI 3000MBeCW120629 (P8BW) exercise level 3,000.*
Put STI 2900MBePW120629 (P8CW) exercise level 2,900.*
World's strongest bank finishes strongest in S'pore
Ensuring that the STI didn't fall too far below the 2,800 mark yesterday was OCBC - named the world's strongest bank this year by Bloomberg. The smallest by assets amongst the three banks notwithstanding, OCBC put in a performance that came way ahead of its counterparts, rising 1.6% dod to $8.53 compared to DBS' +0.7% dod to $13.22 or UOB'+0.2% dod to $17.36.
OCBC was also the STI's top index mover.
Call OCBC Bk MBeCW121001 (QK5W) exercise price $8.30.*
Call OCBC Bk MBeCW120802 (P1VW) exercise price $9.00.*
Call DBS MB eCW120904 (QC6W) exercise price $14.00.*
Put DBS MB ePW120718 (P2NW) exercise price $12.80.*
Call UOB MB eCW121001 (QK4W) exercise price $17.30.* is listed today
Biosensors rebound
While the STI failed to finish above the 2,800 mark, medical device maker Biosensors finally saw a rebound that took it back up above the $1.30 level. The stock had been sold down 14.4% in just 10 days from its $1.315 level on May 4 to its recent low of $1.125 two weeks ago.
Yesterday, Biosensors spiked 3.2% dod to close at $1.31.
Call BiosensoMBeCW121101 (QD9W) exercise price $1.40.*
Overnight Market Wrap
Europe Rebound, US Flat
European indices rose more than 1% yesterday despite the European summit ending without any concrete decisions. Data showed that German exports grew by 1.7% QoQ, compared to a 1.5% contraction last quarter. In Paris, ratings agency Moody's reaffirmed France's Aaa rating.
S&P500 rose 0.1% yesterday to 1,320.68. US durable goods orders rose 0.2%, inline with Bloomberg estimates; while initial jobless claims decreased by 2,000 to 370,000.
Overnight Markets
| Indices | Last | Change |
|---|---|---|
| STI | 2779.53 |
-0.0%  |
| HSI | 18666.40 |
-0.6% |
| DJIA | 12529.75 |
0.3%  |
| S&P 500 | 1320.68 |
0.1% |
| Nasdaq | 2839.38 |
-0.4% |
Corporate News
Corporate Announcements
Results Announcement
Tue 29 May: Biosensors 4Q12
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
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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....
