HOT STOCK PICKS THAT MAY INFLUENCE TRADING TODAY

The following stocks had announcements or developments that may influence trading on Friday:

Global Logistic Properties (GLP): Friday is the deadline for bids by interested parties to buy the provider of modern logistics facilities. The exercise was, however, recently plagued with reports alleging insider bidding and that almost all its potential bidders were dropping out of the race. The company has since clarified that it has undertaken measures to alleviate potential conflicts of interest and ensure fairness of the process.

Reits: The Governance Index For Trusts (GIFT), unveiled on Thursday that it has launched a new set of corporate governance rankings. This officially puts both Singapore's real estate investment trusts (Reits) and business trusts (BTs) on notice that their corporate governance practices have been and will henceforth be scrutinised, assessed and tabulated for the investing public and wider market to see.

Second Chance: Its properties arm has reported a 72.32 per cent jump in net profit to S$5.4 million in the three months ended May 31, with its bottom line lifted after the disposal of certain securities. The third quarter also saw a 320 per cent jump in the group's other income to S$2.8 million. This profit was recorded after the group accepted a cash offer on the delisting of shares in a Singapore-listed company that it did not name.

Keong Hong Holdings: The property developer has bought a commercial building located in Minamihorie, Osaka in Japan for 950 million yen (S$11.64 million) on Thursday. The purchase was carried out through Grandwood (Japan), its indirect wholly owned subsidiary. Located near Minamihorie District, it is 100 per cent tenanted, mainly by offices. The acquisition will provide an alternative income stream for the group.

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SINGAPORE STOCKS OPENED 0.7 PER CENT HIGHER

Singapore stocks opened 0.7 per cent higher on Thursday, with the Straits Times Index advancing 21.56 points to 3,237.26 as at 9.06 am.

About 82.3 million shares worth S$123.3 million in total changed hands, which worked out to an average unit price of S$1.50 per share.

The most actively traded counter was Genting Sing, which rose S$0.015 to S$1.090 with 11.7 million shares changing hands. Other actives included Thai Bev and DISA.

Gainers outnumbered losers 111 to 33.

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SINGAPORE STOCKS OPENED 0.1 PER CENT LOWER

Singapore stocks opened 0.1 percent lower on Wednesday, with the Straits Times Index dropping 2.14 points to 3,217.39 as at 9. 01 am.

About 32.5 million shares worth S$40 million in total changed hands, which worked out to an average unit price of S$1.23 per share.

The most actively traded counter was DISA, which traded unchanged at S$0.012 with 7.2 million shares changing hands. Other actives included Golden Agri-Res and Thai Bev.

Losers outnumbered gainers 84 to 34, or about five down for every two up.

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STOCK PICKS FOR DAY TRADING IN SINGAPORE SGX MARKET

The following stocks have announced corporate developments:

Keppel Corp units Keppel Land China and Alpha Investment Partners have tied up with a co-investor to acquire an office and retail mixed-used development, SOHO Hongkou in Shanghai, China, for some US$525 million.

Noble Group said that it has sold three warehousing subsidiaries for US$4.7 million. Separately, Fitch Ratings downgraded the firm's credit ratings further into junk territory.

Oxley Holdings has priced an upcoming series of US$55 million bonds due 2021 at 6.375 per cent.

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DAILY SGX MARKET BRIEFING: NOBLE UP 16.5%

Beleaguered commodities trader Noble Group was hotly traded on Friday, rising 16.5 per cent to S$0.53 on 11.4 million shares traded by 9.09am.

This was after it said on Thursday that an Arab-linked group is now a substantial shareholder of the firm.

Goldilocks Investment Company had bought 50.5 million shares in the firm, boosting its stake in Noble from 1.18 per cent to 5.03 per cent.

Goldilocks has an investment management agreement with ADCM Altus Investment Management, which authorises it to act on Noble's behalf in acquiring and disposing of the company's shares. 

ADCM Altus is an indirect subsidiary of the privately owned Abu Dhabi Financial Group.

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STOCK PICKS FOR BENEFICIAL STOCK MARKET INVESTMENT

The following stocks had announcements or developments that may influence trading on Thursday.

United Overseas Bank: United Industrial Corp (UIC), UOL Group and Haw Par Corp, the three property companies that are substantially owned by veteran banker Wee Cho Yaw, called for a trading halt on Wednesday, resurfacing speculation of the potential privatisation of UIC. With the trading halt of these stocks and talk that Mr Wee, chairman of UOB, is about to consolidate his companies, UOB stock is a must-watch.

Singapore Airlines (SIA): The airline has re-clinched the No 2 position in the Skytrax World Airline Awards rankings, according to an announcement on the World Airline Awards website. In addition to taking the coveted second best ranking, SIA was also awarded Best Airline in Asia, Best Business Class Airline Seat, and Best Premium Economy Onboard Catering.

Cambridge Industrial Trust (CIT): Cambridge Industrial Trust Management Limited and Cambridge Industrial Trust will change their names to ESR Funds Management (S) Limited and ESR-REIT, respectively, from Friday. This is to signify the importance of the Reit as part of the e-Shang Redwood Group's (ESR) business activities. e-Shang Infinity Cayman Limited, a subsidiary of ESR, bought the aggregate 80 per cent indirect interest in CIT Management from nabInvest Capital Partners Pte Ltd and CREIM Limited in January.

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TRENDING STOCK PICKS FOR INVESTORS AND TRADERS

The following stocks had announcements or developments that may influence trading on Wednesday.

United Overseas Bank: United Overseas Bank (UOB) has deepened its support of Chinese companies expanding through the Belt and Road initiative by signing two memoranda of understanding (MOUs) on Sunday. The first agreement was signed with the Chinese Chamber of International Commerce (CCOIC), China's national business association, while the second was with the Qingjian Group, the largest construction conglomerate in Shandong province. The two contracts will build on the bank's existing efforts in facilitating Chinese business investment in South-east Asia.

BreadTalk: There is a change in leadership at multinational food and beverage corporation BreadTalk. It has appointed Henry Chu as its group chief executive officer (CEO). He takes over on July 1 from Oh Eng Lock, who will be stepping down on June 30. The move is in line with the group's leadership renewal process, BreadTalk said. Mr Chu, who has 20 years of experience in food and beverage (F&B) and retail in Singapore and the region, rejoined BreadTalk as group managing director last October.

Nam Cheong: A unit of offshore marine group Nam Cheong was issued a writ of summons and statement of claims by OCBC Bank in the High Court of Labuan in Malaysia on Monday. The firm owes OCBC over US$10 million and the bank is claiming against the subsidiary as borrower under a credit facility granted by it, and against Nam Cheong as guarantor of the loan.

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STOCK PICKS TO WATCH FOR INVESTING TODAY

The following stocks had announcements or developments that may influence trading on Tuesday.

Property stocks: Singapore property stocks are set for their best annual performance in five years, and strategists believe the rally is far from over. With an expected pickup in real estate following the easing of housing curbs, developers are seen to be the bright spot in Singapore equities. Already property stocks including City Developments and UOL Group are driving gains in Singapore stocks, with developers and property trusts making up half of the 10 best-performing stocks on the Straits Times Index.

ST Engineering: A Germany-based joint venture between ST Aerospace and Airbus Elbe Flugzeugwerke (EFW) announced on Monday that a global brand in the logistics industry, DHL Express, has ordered an additional four firm and 10 optional A330-300 passenger-to-freighter (P2F) conversions. And to take on the expanded conversion programme for DHL Express, ST Engineering's aerospace arm's global network of facilities will also be utilised for some of the conversions to ensure on-time redeliveries.

AsiaPhos: Phosphate-mining firm AsiaPhos Limited is carrying out internal restructuring, which will involve the assets, operations and activities of its subsidiaries in Singapore, Hong Kong and China. The revamp will facilitate the reorganisation, streamlining and expansion of the group's downstream business segment, comprising the production and sale of phosphorous and phosphate-based chemicals.

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STOCK TIPS FOR INVESTORS AND TRADERS

The following stocks had announcements or developments that may influence trading on Friday.

Hiap Hoe: Property company Hiap Hoe on Friday announced that it has signed a sale and purchase agreement to buy Holiday Inn Express in Trafford City, Mercury Way, Manchester, from Topland (No. 18), Mill Lane Estates, and Marick Capital. The purchase price of £26.3 million (S$46.2 million) will be fully funded through a combination of internal resources and debt.

Singapore Reits: These rate-sensitive instruments bear watching after the US Federal Reserve on Thursday morning raised interest rates to the 1-1.25 per cent range.

Singapore Airlines: The merger between Scoot and Tigerair is slated for completion on July 25, after which Tigerair flights will operate under the Scoot banner. Efforts to merge the two budget carriers - which are both owned by Singapore Airlines (SIA) - kicked off in May 2016, after the parent airline announced that the two low-cost carriers would be parked under a single holding company known as Budget Aviation Holdings.

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OIL PRICES ROSE EARLY ON MONDAY

Oil prices rose early on Monday as futures traders bet the market may have bottomed after a recent steep fall, even as physical markets remain bloated by oversupply, especially from a relentless rise in US drilling.

Brent crude futures were trading at US$48.44 per barrel at 0101 GMT, up 29 cents, or 0.6, from their last close.

US West Texas Intermediate (WTI) crude futures were at US$46.09 per barrel, up 26 cents, or 0.6 per cent.

Traders said that the price rises came on the back of speculative traders upping their investment into crude futures, by taking on large volumes of long positions, which would profit from a further price rise.

The rise in new long positions comes after Brent and WTI crude futures have fallen by around 10 per cent below their opening levels on May 25, when an Opec-led policy to cut oil output was extended to cover the first quarter of 2018 instead of expiring this June.

While the financial market seems to have some confidence that prices may have bottomed out, the physical market remains bloated, especially due to a rise in US drilling for new oil production.

US energy firms added eight oil rigs in the week to June 9, bringing the total count up to 741, the most since April 2015, energy services firm Baker Hughes Inc said on Friday.

This ongoing drive to find new oil has driven up US output by more than 10 per cent since mid-2016, to over 9.3 million bpd, a figure the US Energy Information Administration (EIA) says will likely rise above 10 million bpd by next year, challenging top exporter Saudi Arabia.

Soaring US output threatens to undermine an effort led by the Organization of the Petroleum Exporting Countries (Opec) to cut almost 1.8 million bpd of production until the first quarter of 2018 in order to tighten markets and prop up prices.

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STOCK PICKS FOR INVESTING IN SINGAPORE

SINGAPORE Airlines: South-east Asia's biggest carrier has said job cuts are possible as part of a business review it has kicked off to revive earnings following a surprise quarterly loss.

The premium carrier's staff is aware that headcount reduction is possible under the process, chief executive officer Goh Choon Phong told reporters on Tuesday at the annual meeting of the International Air Transport Association in Cancun, Mexico. The group, including affiliates and units, employed an average of 24,350 workers at the end of March 2016.

TTJ Holdings: The slowdown in structural steel business and lack of revenue contribution from its dormitory business dented the results of structural steel fabricators TTJ Holdings in its third quarter, with net profit falling 82.1 per cent to S$2.4 million from the previous year while revenue plunged 68.8 per cent to S$16.8 million for the three months ended April.

That said, the company had in May said it had secured several new contracts, bringing its order book to S$166 million as at May 22.

Yoma Strategic: RHB Research has said that catalysts for the stock price would be a recovering real estate market and further non-core asset divestments.

It said Yoma is scaling up the non-real estate businesses, which now comprise 47 per cent of the group's topline, and that it has added a new product line in construction equipment to its auto platform, and plans to open another 10 KFC stores in the current financial year.

In late May, Yoma released its Q4 FY17 results in which profit after tax and minority interests increased to S$24.1 million, up from S$8.9 million in the same period a year ago, largely due to higher fair-value gains on investment properties and improved gross profit margins driven by the sales of residences and land development rights in Q4 FY17 (as compared to mostly sale of buyback units in StarCity in Q4 FY16).

Sanli Environmental: The company, which debuts on the Catalist board on Thursday, said its initial public offering (IPO) of 52 million new shares was 12.8 times subscribed.

The shares were offered at 22.5 cents apiece, comprising 49.5 million placement shares and a public tranche of 2.5 million.

A total of 6,287 valid applications were received for the public tranche. Altogether, these applicants applied for 625.4 million shares, with application monies received amounting to about S$140.7 million.

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PROFITABLE HOT STOCKS FOR SINGAPORE STOCK INVESTMENT

KEPPEL Group: The offshore and marine group which operates a waste management plant and a sewage treatment plant as well as a shipyard in Qatar has said these facilities are "proceeding as normal", and it is "monitoring the developments closely".

This comes as a diplomatic crisis deepens between Qatar and its Arab neighbours. Reports said the Arab states moved to cut ties with the government in Doha after Qatar paid up to US$1 billion to release members of its royal family who were kidnapped in Iraq while on a hunting trip.

Some observers have said the development is unlikely to have much effect on Singapore businesses.

Keppel has 1,800 workers in Qatar, including 40 Singaporeans and Singapore permanent residents.

CapitaLand and The Ascott: CapitaLand said it sees potential to grow its assets under management (AUM) in Japan to S$5 billion, doubling from its AUM of over S$2.5 billion as at March 31.

And this would be achieved by exploring opportunities across asset classes, including tapping various capital sources and third-party assets, it has said.

On Tuesday, the group's wholly owned serviced residence arm The Ascott Limited marked the official opening of Ascott Marunouchi Tokyo, the first luxury serviced residence in Japan under Ascott's premier brand.

Noble Group: The embattled commodity trader saw its shares extend their decline to the lowest level since 2000 amid rising investor concerns that it may not be able to engineer a turnaround even as it presses on in talks with core banks to try to secure more funding.

The stock had tumbled as much as 11 per cent to 28.5 Singapore cents and traded at 30.5 cents at 1.22pm on Tuesday, heading for the sixth drop in seven sessions. The shares have sunk 83 per cent this year, cutting the group's market value to S$400 million. The company has about US$2.1 billion of debt obligations due by the end of 2018, according to Bloomberg.

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STOCK INVESTMENT PICKS FOR INVESTORS

Following stocks and shares may be in focus today:

Noble Group

Noble Group Ltd is asking lenders to extend a key credit facility until the end of the year as the embattled commodity trader seeks breathing room to negotiate its future. The company's core banks have hired law firm Clifford Chance LLP to advise them amid crisis talks over a US$2 billion credit facility that expires this month, sources told Bloomberg.

Frasers Logistics & Industrial Trust

The trust will be making its first portfolio acquisition of seven major industrial assets in Australia for about A$169.3 million (S$175.1 million) from Frasers Property Australia.

The portfolio, which comprises four completed properties and three properties under development, has a weighted average lease expiry of 9.6 years. All properties are fully leased or precommitted.

Twenty per cent of the assets are located in Sydney, 60 per cent are in Melbourne and the remainder in Brisbane.

Trendlines Group

The Catalist-listed company will sell its BioSight Ltd shares to Arkin Bio Ventures Limited Partnership that will garner pretax proceeds of about US$1.3 million.

The Israeli investment and innovation commercialisation company said the transaction is expected to be completed within 14 business days from the signing of the agreement.

It added that proceeds from the exit serve to further strengthen the group's cash position.

Q&M

THE dental services provider has said it was looking to deepen its presence in China through a joint venture partnership strategy with IE Singapore.

IE Singapore will introduce partners, facilitate discussions with partners across the value chain, including dental clinics, hospitals and equipment suppliers, and engage city and provincial governments closely. It will also support Q&M to expand its offerings across the entire dental service value chain, adding to their vision to become the leading integrated dental healthcare group in Asia.

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HOT SINGAPORE STOCKS PICKS FOR INVESTORS

Following Stocks Picks May be in focus today:

JARDINE Matheson Group: Mandarin Oriental International, a member of Jardine Matheson Group, said on Monday it wants to "test market interest in the possible sale" of The Excelsior in Hong Kong.

It said the intent follows a review of the hotel chain's long-term strategic options regarding the Hong Kong hotel - its only property not branded as Mandarin Oriental.

Singapore Myanmar Investco: The mainboard-listed company has said it has completed the debt conversion of its shareholders' loans.

It said an aggregate amount of 11.89 million debt conversion shares was allotted and issued to Ho Kwok Wai and Mark Francis Bedingham, in accordance with the terms of the debt conversion deeds.

Perennial Real Estate Holdings: The group's joint venture company Perennial TCM Management has set up Ming Yi Guan in partnership with Beijing Hospital of Traditional Chinese Medicine (TCM) at the House of Tan Yeok Nee in Orchard Road.

This is its first healthcare business in Singapore. Ming Yi Guan will be Beijing Hospital of TCM's first treatment facility outside China, and in South-east Asia.

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STI UP 0.2% TO 3,242.44

Singapore stocks gained at the open on Friday as the Straits Times Index advanced 0.2 per cent, or 6.48 points, to 3,242.44 as at 9.02 am following an overnight rally in US markets.

Gainers outnumbered losers 108 to 38, or about three up for every one down, as 77.5 million shares worth S$99.9 million changed hands.

Shares of Nico Steel lost a third of their value, or 0.2 Singapore cent, to 0.4 Singapore cent, following the company's announcement that it has agreed to cut the minimum conversion price of S$46 million unissued convertible bonds to 0.1 Singapore cent from one Singapore cent.

Singtel was a key index mover, rising 0.5 per cent or two Singapore cents to S$3.82.

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HOT STOCKS FOR SINGAPORE STOCK INVESTMENT

United Engineers: OCBC and Great Eastern (GEH) on Thursday said that they have received proposals from several parties regarding their combined stakes in United Engineers and WBL Corporation.

"OCBC Bank and GEH are evaluating these proposals and are in discussions with such parties, and there is no certainty that any transaction will materialise or that any agreement will be entered into," they said in a statement.

CapitaLand: CapitaLand said on Thursday that it has agreed to buy Guozheng Center, a newly completed office development in Yangpu District, Shanghai, China, for 2.64 billion yuan (S$535 million).

CapitaLand will also be divesting Innov Tower, an eight-year-old office building located in Shanghai's Xuhui District, to an unrelated party at 1.56 billion yuan (S$316 million).

k1 Ventures: Investment firm k1 Ventures has signed a redemption agreement with National Realty Trust to divest its 10.2 per cent equity interest in KUE 3 LP for about US$29 million.

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