Towards Financial Freedom
DBS Equity Research: Wired Daily 30 Mar 2016
A technical rebound as Yellen signals caution to rate hikes
Sembcorp Industries - To supply power to Myanmar for 22 years
U.S. stocks rose, commodities gained while the USD and bond yields fell after FED Chair Janet Yellen signaled the central bank remains wary of raising interest rates amid threats to American growth from a slowing global economy. Yellen indicated that deteriorating world growth warrants a slow approach to tightening monetary policy. With the latest comments, consensus now expects the FED to hold rates steady in April and pegs just a 30% chance for a June rate hike, down from 40% a week ago. Expects stocks in Singapore to rebound following the comments by Yellen and the decline in the USDSGD.
Sembcorp Industrieshas signed a long-term power purchase agreement (PPA) with Myanmar Electric Power Enterprise (MEPE) for the supply of 225 megawatts of power for a period of 22 years. The power to be supplied will be produced by Sembcorp's upcoming power project in Myingyan, Mandalay.
Nam Cheonghas received a notice of termination /cancellation from Petra Offshore Limited (POL), a whollyowned subsidiary of Perdana Petroleum Berhad, purporting to terminate/cancel the contract in relation to the sale of one unit of accommodation work barge entered in June 2014. The purported termination/cancellation of the contract is expected to have an impact to the earnings of the Group for FY Dec 16.
Nera Telecommunicationshas received contracts of approximately S$13.8m in aggregate. The contracts are in relation to the supply, delivery, installation and maintenance of IP network equipment for a leading regional telecom and cellular operator in the Asia Pacific region.
Karin Technology announced that its 60%-owned subsidiary, KCF A Store (KCF) which engages in the selling of Apple products and accessories through its In-Smart retail shops has issued a termination notice to Apple Asia to terminate the Apple Authorised Reseller Agreement in relation to the selling of Apple products, with effect from 30 June 2016. Due to the current challenging business environment, the Group has decided to focus on other areas.
The controlling shareholder of Japanese integrated engineering and IT services provider Xyec Holdings is planning to take the company private. Tokyo-listed Mamezou Holdings, which owns 59.92% of Xyec, is offering 30 Singapore cents per share for all Xyec shares that it does not own. This represents a 50% premium over Xyec's last traded price of 20 Singapore cents on March 22.
Source: DBS
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
Market Buzz
More articles on Towards Financial Freedom
Duty Free International Ltd. - A duty-free giant in the making
Created by kiasutrader | Oct 17, 2016
Cityneon Holdings - 'Avengers' showcasing in the Land Down Under
Created by kiasutrader | Jun 07, 2016
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Latest Videos
Apps
Top Articles
1
THE SINGAPOREAN INVESTOR
DBS, UOB, or OCBC - Which Bank Had the Best Performance for Q3 and 9M FY2024?
2
RHB Investment Research Reports
United Overseas Bank - 2025 Shaping Up to be An Interesting Year
3
RHB Investment Research Reports
OCBC Bank - More Patience Needed on Capital Management Plans
4
CEO Morning Brief
Singapore Airlines Vows to Expand Capacity Despite Rising Competition
5
SGX Market Updates
SIA Engineering Resumes Buybacks After Reporting H1 FY2025 Results
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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....
