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.

Get Live Trading Signal With Us – www.equityprofit.com

sgx stock picks, sgx stock recommendations, sgx stock picks, Singapore stock recommendations, Singapore stock picks.......

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.

Get Live Trading Signal With Us – www.equityprofit.com

sgx stock picks, sgx stock recommendations, sgx stock picks, Singapore stock recommendations, Singapore stock picks.......

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.

Get Live Trading Signal With Us – www.equityprofit.com

sgx stock picks, sgx stock recommendations, sgx stock picks, Singapore stock recommendations, Singapore stock picks.......

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.

Get Live Trading Signal With Us – www.equityprofit.com

sgx stock picks, sgx stock recommendations, sgx stock picks, Singapore stock recommendations, Singapore stock picks.......

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.

Get Live Trading Signal With Us – www.equityprofit.com

sgx stock picks, sgx stock recommendations, sgx stock picks, Singapore stock recommendations, Singapore stock picks.......

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.

Get Live Trading Signal With Us – www.equityprofit.com

sgx stock picks, sgx stock recommendations, sgx stock picks, Singapore stock recommendations, Singapore stock picks.......

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.

Get Live Trading Signal With Us – www.equityprofit.com

sgx stock picks, sgx stock recommendations, sgx stock picks, Singapore stock recommendations, Singapore stock picks.......