|Bid||7.77 x 0|
|Ask||7.78 x 0|
|Day's Range||7.76 - 7.85|
|52 Week Range||6.72 - 7.86|
|Beta (3Y Monthly)||1.03|
|PE Ratio (TTM)||22.46|
|Earnings Date||Apr 25, 2019|
|Forward Dividend & Yield||0.30 (3.85%)|
|1y Target Est||7.97|
As mainland traders tucked into their dumplings with their families last week, down in Singapore iron ore futures jumped 8.4 percent on deepening concerns of a supply shortage. The main global contract traded in Dalian, to the southeast of Beijing, rushed to catch up Monday — putting in a 4.9 percent gain — after going dark throughout the Lunar New Year holiday. It’s increasingly rare for Singapore’s contracts to get the feeling of leading the Dalian market.
* Singapore cuts gains, factory output misses estimate * Indonesia posts fifth straight weekly rise * Malaysia closes higher for fifth session in six By Shreya Mariam Job Jan 25 (Reuters) - Most Southeast ...
* Philippines hits highest level in over 10 months * Indonesia on track to post fifth straight week of gains By Shreya Mariam Job Jan 25 (Reuters) - Southeast Asian stock markets rose on Friday, with Singapore ...
The Monetary Authority of Singapore (MAS) said on Monday it would offer grants worth S$75 million ($55 million) next month as part of the city-state's plans to shore up listings in its equity market. "Singapore has been working to enhance our private and public markets so that domestic and international growth enterprises are able to access different types of capital best suited to their needs," Ng Yao Loong, Assistant Managing Director at MAS, said in a statement. Over the past few years, SGX has taken many steps to help make Singapore an attractive listing destination in the face of tough competition from Hong Kong and regional exchanges.
Moody's Investors Service has withdrawn the Caa1 corporate family rating on Noble Group Limited, the Ca ratings on its senior unsecured notes, and the (P)Ca rating on its senior unsecured medium-term note (MTN) program. Moody's has withdrawn the ratings because of the completion of Noble's financial restructuring on 20 December 2018. Following the restructuring, Noble Group Holdings Limited acquired substantially all of the assets of Noble Group Limited.
Moody's Investors Service has today assigned a Green Bond Assessment (GBA) of GB1 (Excellent) to Indian Renewable Energy Development Agency Limited's (IREDA, Baa3 stable) US$300 million equivalent Indian rupee-denominated senior unsecured bonds (the so-called "IREDA Green Masala Bond") issued in September 2017, with a 5-year maturity. The bonds were issued under the issuer's US$300 million Medium Term Note (MTN) program and were listed on the London Stock Exchange's International Securities Market (ISM) and the Singapore Exchange (SGX-ST).
Moody's Investors Service has affirmed Frasers Centrepoint Trust's (FCT) Baa1 issuer rating and maintained its stable outlook. "FCT's Baa1 rating reflects the stability of its income from good quality, well-located suburban malls in Singapore, which have exhibited resilient operating track records on active lease management, with positive rental reversions through economic cycles," says Saranga Ranasinghe, a Moody's Assistant Vice President and Analyst. "The trust also has a strong financial profile and has displayed financial discipline in growth, such that leverage, as measured by net debt/EBITDA, has remained around 6x-7x," adds Ranasinghe.
Noble Group (NOBG.SI) said on Friday it will seek changes to its original debt restructuring plan, with the spotlight now moving towards what the once mighty commodity merchant has called the alternative: insolvency protection. In an unusually strong move, Singapore on Thursday issued a joint statement by police, the Monetary Authority of Singapore (MAS), and Singapore Exchange regulators that barred Noble from re-listing on the local bourse, which was part of its end-game strategy in a controversial $3.5 billion debt-for-equity re-structuring plan. The statement by Singapore authorities cited the start of an investigation into Noble for potential improper accounting.
Noble Group’s (NOBG.SI) $3.5 billion debt rescue plan was thrown into doubt on Thursday when Singapore authorities said they would block the re-listing of shares in what was once Asia’s top commodity trader. Singapore regulators took the decision after reviewing the findings so far of a probe into Singapore-listed Noble by Singapore police, the Monetary Authority of Singapore (MAS) and the Accounting and Corporate Regulatory Authority (ACRA). The Monetary Authority of Singapore, the city-state's central bank, and Singapore Exchange regulators concluded that "there are significant uncertainties about the financial position of New Noble," they said in a statement, referring to the restructured unit.
Singapore's central bank and the Singapore Exchange said on Thursday they have decided not to allow Noble Group Ltd to transfer its listing status to a restructured entity. The decision follows a review in an ongoing probe into Noble by the Commercial Affairs Department (CAD) of the Singapore Police, the Monetary Authority of Singapore (MAS) and the Accounting and Corporate Regulatory Authority (ACRA), central bank MAS and Singapore Exchange's regulatory unit said in a joint statement. "MAS and SGX RegCo have concluded that there are significant uncertainties about the financial position of New Noble," the statement said.
Moody's Investors Service has affirmed the A3 issuer rating of Genting Singapore Limited (GENS). "The rating affirmation reflects our expectation that GENS will continue to maintain strong credit metrics and excellent liquidity with a net cash position, supported by healthy cash flow generation from its operation of Resorts World Sentosa," says Jacintha Poh, a Moody's Vice President and Senior Credit Officer.
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Singapore authorities are investigating Noble Group Ltd (NOBG.SI) for suspected false and misleading statements, just days before the Singapore-listed company was to complete its $3.5 billion debt restructuring deal to prevent its collapse. Noble, once Asia's top commodity trader, has seen its market value all but wiped out from $6 billion in February 2015 after its accounting was questioned by Iceberg Research. To rescue itself, Noble has shrunk its business by selling billions of dollars of assets, taking hefty writedowns and cutting hundreds of jobs, while defending its accounting.
Market uncertainty due to the ongoing trade dispute between the U.S. and China has spurred a jump in trading volumes for the dollar-yuan currency pair in recent months.
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Moody's Investors Service has assigned a first-time Ba3 corporate family rating (CFR) to Interplex Holdings Pte. Ltd. At the same time, Moody's has assigned a (P)Ba3 rating to the company's proposed multicurrency medium-term note (MTN) program. Notes issued under the proposed MTN program will be unconditionally and irrevocably guaranteed by Interplex's major operating subsidiaries, other than restricted subsidiaries organized under the laws of the People's Republic of China.
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