SGX Stocks and Warrants
Palm Oil Price Rebounds, Will Stocks Follow Suit?
Warrants Highlight
Palm Oil Price Rebounds, Will Stocks Follow Suit?
| Code | Name | Type | Expiry | Exercise Price |
| P9EW | BumitamaMBeCW120702 | Call | 02-Jul-12 | 0.85 |
| P9FW | BumitamaMBeCW120903 | Call | 03-Sep-12 | 1.00 |
| QF1W | Wilmar MBeCW121102 | Call | 02-Nov-12 | 4.60 |
| QD6W | IndoAgriMBeCW121101 | Call | 01-Nov-12 | 1.50 |
Agriculture is one of the worst performing sectors in Singapore for May. Many of them have fallen hard after their latest earnings results. Over the same period, the Malaysian palm oil futures price (Aug delivery) fell from around RM3,500/t to reach RM3,019/t on 23rd May, the lowest level this year. However, after reaching its through last Wednesday, palm oil prices have rebounded sharply by 4.1% to RM3,144/t yesterday.
Last week, Bloomberg reported that IOI Executive Director Mr Lee saying that he expects palm oil prices to be at RM3,200/t in the next 1 to 2 months on strong Ramadan and Eid festival demand. IOI is Malaysia's second-biggest palm oil producer
Here is a quick recap of the palm oil players listed in Singapore.
Bumitama Agri $0.91
With a market capitalisation of S$1.6bn, the Indonesian palm oil producer is Singapore’s first sizeable new listing on the SGX this year. It IPO-ed in April at $0.75 and remained resilient throughout the past 2 months.
Wilmar $3.76
Wilmar shares were punished after its earnings results earlier this month. It reported a 34% year-on-year decrease in net income, mainly due to an unexpected loss in the volatile Oilseeds & Grains division. However, the company other divisions (Palm & Laurics, Consumer Products and Plantations & Palm Oil Mills) posted robust earnings growth.
Indofood Agri $1.20
Indofood Agri is currently trading near its October 2011 low. Yesterday, the stock opened at $1.18 and reached an intraday high $1.225, before closing at $1.20.
Singapore Market Wrap
First rise in three days
Singapore stocks finally found their footing in green territory for the first time in three days, although the rebound was modest. The STI climbed 0.5 day-on-day (dod) at 2,787.22 yesterday.
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.*
While the HSI (+0.5% dod, 18,800.99) and STI remained under their respective resistance levels, the FTSE China A50 index stayed above its 8,000 level. The May A50 futures finished at 8,125, up 0.3% dod.
Call CN8000MBeCW120628 (QF9W) exercise level 8,000.*
Call CN8400MBeCW120628 (QC8W) exercise level 8,400.*
Put CN7800MBePW120628 (QG0W) exercise level 7,800.*
Put CN8200MBePW120628 (QD2W) exercise level 8,200.*
Noble sells along with investors
In news, Noble Group announced yesterday morning that they have agreed to sell Temmar Port Terminal for 160m Reais (US$80.5mn) to Ultrapar Participacoes SA. As with most commodity names, Noble Group appears to have lost favour with investors of late. Noble lost another 0.5% dod to $1.075 yesterday.
Call NobleGrpMBeCW121105 (QF8W) exercise price $1.20.*
Biosensors falls back down before results
As if trading in an inverse trend with the broad index, medical device maker Biosensors suffered a heavy retreat of 3.8% to $1.27 yesterday, ahead of its results today.
The stock had spiked 3.2% on Thursday to close above the $1.30 level and another one tick on Friday. The broad index saw a sell-off on both days.
Call BiosensoMBeCW121101 (QD9W) exercise price $1.40.*
Overnight Market Wrap
European Stocks Fell on US Holiday
The US markets were closed yesterday for Memorial Day. In Europe, stocks fell on Spanish banks concerns. The Germany's DAX Index fell 0.3%, while Spain's IBEX 35 tumbled 2.2%.
Troubled bank, Bankia, which is seeking EUR19bn bailout from the Spanish government fell 13% yesterday. The stock fell almost 30% at market open before recovering later in the day.
Overnight Markets
| Indices | Last | Change |
|---|---|---|
| STI | 2787.22 |
0.5%  |
| HSI | 18800.99 |
0.5% |
| DJIA | 12454.83 |
-0.6%  |
| S&P 500 | 1317.82 |
-0.2% |
| Nasdaq | 2837.53 |
-0.1% |
Corporate News
Corporate Announcements
Results Announcement
Tue 29 May: Biosensors 4Q12
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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....
