Singapore August bank loaning up 0.3%

[SINGAPORE] Singapore's aggregate bank loaning in August rose 0.3 for every penny from July, on the back of higher advances to money related establishments, national bank information appeared on Friday.

Credits and advances by household managing an account units in the city-state added up to S$634.4 billion a month ago, up from S$632.6 billion in July.

Bank loaning in August rose 5.1 for each penny from a year sooner.

Advances and advances in Asian cash units (ACU) rose to S$569.1 billion in August from S$553.4 billion in July. It was at S$523.1 billion a year sooner. 

The ACU advertise alludes to credits named in monetary forms other than the Singapore dollar.

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Singapore stocks complete higher after Yellen's hawkish discourse helps banks

MONDAY's segment featured the way that the Straits Times Index's fortunes depend intensely on the banks and that development in bank shares was thus determined by loan fee desires.

Additionally examined was that rather than bringing down financing costs driving stocks higher, it was desires of higher rates which were thought to mean higher bank income and through to higher offer costs.

On Wednesday, the file bounced 24.11 focuses to 3,236.15 driven by an expansive bounce back in the three banks, their additions representing around 17 focuses. Uplifted action in the banks and furthermore Mandarin Oriental implied volume added up to 1.7 billion units worth S$1.1 billion contrasted with just S$890 million the day preceding.

On Tuesday, US Federal Reserve seat Janet Yellen conveyed a discourse that numerous deciphered as hawkish and indicated at a December rate climb which the market had beforehand thought improbable.

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Goldman updates Singapore Exchange to a 'purchase

GOLDMAN Sachs has updated the Singapore Exchange (SGX) to "purchase" from "unbiased" on an enhancing volume and income viewpoint. It has additionally raised the objective cost by 6 percent to S$8.60.

The SGX has failed to meet expectations peers and the Singapore file year to date as profit desires were changed down, said the Goldman report, which was issued on Sept 26, 2017, when the SGX was exchanging around S$7.45 and shut at S$7.31 an offer.

Goldman trusts the profit slices should reach an end and volume recuperation will incite upward updates to accord. In a setting of US Fed fixing, it trusts half of the SGX money showcase volumes could be liable to greater instability furthermore, henceforth could have higher speed.

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Singapore digital currency firms confronting financial balance terminations

Singapore banks have shut records of a few organizations which have practical experience in giving digital currency and installments administrations, as per two neighborhood bodies which speak to money related innovation firms. Noticing that digital currency firms have had comparative issues with their banks in different nations, the leader of Singapore's Cryptocurrency and Blockchain Industry Association, or Access, requested that the administration venture in. 

Access executive Anson Zeall said his association had gotten notification from organizations which had experienced issues with their keeping money connections in Singapore. The banks didn't give an explanation behind their activity, Mr. Zeall included.

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Singapore shares open up on Monday

SINGAPORE stocks opened higher on Monday, with the Straits Times Index increasing 0.4 for every penny or 13.27 focuses to 3,233.52 as at 9.01am.

Around 29.8 million offers worth S$55 million altogether changed hands. Gainers dwarfed failures 67 to 27.

The most effectively exchanged counter was Blumont Group, which was level at S$0.001 with 17.1 million offers evolving hands. Different actives included Genting Singapore and QT Vascular.

Moreover, aftereffects of Singapore's shopper value record will be discharged later today at 1pm.

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Singapore stocks complete blended, STI burdened by misfortunes in Jardine stable

IN generally calm exchanging, the Straits Times Index (STI) floated to a 4.25 point misfortune at 3,213.82. In spite of the fact that the volume of 1.8 billion units worth S$1.1 billion bettered Wednesday's S$824.4 million, it was still just barely over the business' informal breakeven of S$1 billion. Barring warrants, there were 215 ascents versus 211 falls so exchanging was more blended than powerless. 

Jardine stocks were the STI's greatest washouts, drove by Jardine Matheson which lost US$1.59 at US$63.65 on volume of 374,600.

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Singapore shares open lower on Thursday

SINGAPORE shares opened lower on Thursday.

This comes after the US Federal Reserve paved the way for another interest-rate increase this year and set an October start for shrinking its balance sheet.

About 92 million shares worth S$105 million changed hands. Losers outnumbered gainers 74 to 54.

The most actively traded stock was MDR, which saw more than 20 million shares traded flat at S$0.004 a share. Other actives included QT Vascular.

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Brisk REVIEW OF SINGAPORE BANKS and RESEARCH HOUSES' VIEWS

With the desires of rising fascinating rates and an enhancing economy on the scenery, Phillip Securities Research (PS) anticipates that Singapore banks' execution will get once more.
Beforehand, PS gave our neighborhood managing an account segment an Underweight call. As better credits volume and rate elements are relied upon to enhance, PS chose to update the part in general to Neutral. We take a gander at a few contemplations PS at present has and which bank merits some consideration.
Riches administration DBS and OCBC banks saw their riches administration arms developed while UOB is trailing behind its two associates.DBS's specialty in the upper well-to-do advertise fragment, in PS's view, puts the bank in the main position contrasted with OCBC and UOB.

Liquidity scope proportion 

Not all is ruddy for our nearby banks, however, obviously. Liquidity stays feeble among the banks on account of their seaward oil and gas vessels' quieted sanction rates and residencies.General net non-performing advances (NPL) may act issues for the banks like they have been now battling with liquidity for around two years now.

FHR and SIBOR

The Singapore Interbank Offer Rate (SIBOR) used to be critical to Singapore banks'execution.Nonetheless, after neighborhood banks with the exception of OCBC and a couple all the more abroad banks took off Fixed Deposit Home Rate (FHR) bundles, the SIBOR now inversely affects share costs.
DBS initially revealed a three-year FHR in 2014, which enabled it to catch a large portion of the piece of the pie. Two weeks prior, UOB, HSBC, and BOC went with the same pattern.
Lodging advances constitute around 15%-20% of Singapore banks' advance books. What's more, FHR is somewhat of a support for banks since it will render that part of the portfolio less delicate to rising SIBOR.

In that capacity, the playing field has changed from being financing costs delicate to advances development touchy. Unmistakably, with DBS holding a main piece of the pie, it is in a superior position than its companions.

Advances development will be critical 

In addition, DBS has the "most noteworthy current record bank account (CASA) proportion of 91% and the biggest general store base of $342.9 billion".In light of late audits of Singapore's banks, net premium salary (NII) execution no matter how you look at it depended to a great extent on credits development. That puts DBS at the highest priority on the rundown for the segment. PS thinks DBS has the edge over outside banks, for example, HSBC and BOC as well. Phillip Securities Research redesigned DBS Group Holdings Limited (SGX: D05) to Accumulate from Reduce, with an objective cost of $21.45.OCBC Research and UOB Kay Hian Research likewise gave DBS bullish approaches 14 Sep 2017 (target value $22.50) and 7 Aug 2017 (target cost $24.85) separately.

As an afterthought, Maybank Kim Eng Research, RHB Research, and CIMB Research gave DBS hold and impartial approaches 18 Sep 2017 (target cost $21.50), 11 Sep 2017 (target value $20.65) and 4 Aug 2017 (target cost $21.50).

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Basic things you should about Singapore Noble Share Price

Noble Group (SGX: N21) – a renowned Singapore-listed physical commodities trader is a market leading global supply chain manager of Energy, Metals and Carbon Steel material and Power and Gas products. But despite such a huge name in the commodity market, Noble group share prices have fallen by 62% in June 2016. As a result, they returned to a small profit of $8.2m last year.

With an aim to uncover all the hidden facts and to analyze the latest trend. here, in this quick hit referral guide, I am going to answer you with some of the most valuable questions about Noble Group. Which ultimately let you with the clear-cut vision about your investment strategy for Noble.

Why Have Noble Group Limited’s Shares Fallen?

From the past few years since 2002 when the company got included in Fortune 500. Noble group shares had been considered as a blue-chip stock. But last year in 2016 CapitaLand Commercial Trust replaced Noble stocks from Straits Times Index. Losing up with its blue-chip label Noble group share prices suffers a lot.

Acc to many renowned market analyst – The reason behind is the sudden resignation of their former CEO Yusuf Alireza. It may be one of the profound managerial reason But what I think the reason behind for this sudden fall is-

Poor Business Performance

Well, if we draw our attention at these facts, we ourselves will conclude the above statement. Noble group share prices which are continuously showing a downtrend from 2010 trading at its lowest price of S$2.10 in 2012 and S$1.55 in 2013. This downfall has taken a giant form in 2016 when Noble group quarterly revenue was cut down by 32% year-on-year to US$11.4 billion, as a result, its profit attributable to shareholders had plunged by 62% to US$40.5 million.

Why Is Noble Group Limited A Risky Stock For Investors?

Looking closer at the company’s track record in generating cash flow. We can find that from 2010 to 2015, Noble Group Limited has generated negative operating cash flow in this three years. Meanwhile, in 2016 the company’s business churned out a negative US$486 million in operating cash flow.

So it can be said that “Cheap rubbish is still rubbish” that is no matter for how long Noble is trading low and for how long it will trade low, what matter is Noble Group is still trading at its lowest and is continuously showing a downtrend.

So why to trade for an all-time low trading stock? Right or not?

Noble Latest News & Analysis:

According to Noble Group latest news release, 2016 was a year for them where they have made significant strides in forming a solid foundation for their future development. They have strengthened their capital base by US$ 500 million exceeded from their targeted rising of US$4 billion with the sale of Noble Americas Energy Solutions (NES) in dec 2016. Along with the rise in capital base, Noble Group has also reduced their Debt, lowered their gearing and increased liquidity by US$ 2billion.

Read More  - Singapore Stock Market Creeping on the growth way

Joint CEOs, Will Randall and Jeff Frase commented “Although we have more work to do, we look forward to 2017 with confidence, as we complete the repositioning of the Group. With strong roots in Asia, we believe we retain a unique capability to service energy and industrial commodity demand in the emerging markets, where we see rising demand for raw materials accompanied by an increasing flow of refined and processed products.”  

Singapore Stock Market Researcher Last Note:

I hope the discussed question will definitely let you form a clear vision of what to do with the Noble Group and how to deal with the Noble Group Share Prices to book a remarkable commodity profit. 

Source - The Intermediate Guide to Singapore Noble Share Price

Singapore shares open higher on Tuesday

SINGAPORE shares opened 0.2 for each penny higher with the Straits Times Index up 7.83 focuses to 3,249.68 as at 9.04am on Tuesday. 

The file was lifted after values on Wall Street made new records, while the US dollar snapped a two-day drop and Treasuries slipped as financial investors appeared to be casual about the possibility of the Federal Reserve starting to loosen up the boost. 

Around 55 million offers worth S$52 million altogether changed hands, which worked out to a normal unit cost of S$0.94 per share. 

The most effectively exchanged stock was Blumont, which exchanged at S$0.001 with 19.6 million offers evolving hands.

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Singapore shares open higher on MondaySingapore shares open higher on Monday

SINGAPORE shares opened 0.8 percent higher with the Straits Times Index up 24.98 points to 3,234.54 as at 9.02am on Monday.

About 84 million shares worth S$102 million in total changed hands, which worked out to an average unit price of S$1.21 per share.

The most actively traded stock was Blumont, which traded at S$0.001 with 19.6 million shares changing hands.

Other actives included YZJ Shipbuilding and Rowsley.

Gainers outnumbered losers 88 to 39.

In regional markets, Japanese markets are closed today for the respect-for-the-aged day while Bloomberg reported that South Korea's Kospi index rose 0.4 percent and Australia's main gauge was up 0.5 percent as at 9.15am Tokyo time.

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4 THINGS ABOUT SPH YOU NEED TO KNOW BEFORE INVESTING

Singapore Press Holdings (SPH) is Singapore's most established daily paper and media association that holds a syndication in the nation. 

In our present time, a mechanical disturbance is unavoidable: SPH's latest nine-month money related outcomes additionally demonstrate the difficulties the organization is confronting when they announced an 8.4% reduction in income and a 31.9% lessening in benefit. 

Speculators can anticipate that SPH will keep on facing an interruption in its industry pushing ahead. Fortunately, SPH saw the pattern years back and made the move to differentiate its business early.However, I for one think the speed of disturbance was quicker than anticipated and has found SPH napping. 

1. SPH's median income is diminishing 

Media business portion income diminished from a high of S$1,036.4 million of every 2012 to S$839 million of every 2016. SPH's most recent nine-month budgetary outcomes demonstrate that media income has again diminished by 12.3%. 

As of late, the ascent of computerized publicizing has contrarily affected SPH's daily paper promoting business. I anticipate that this pattern will develop and influence its business pushing ahead. 

Contrast this with advanced publicizing monsters like Facebook. Since its establishing in 2004, Facebook is presently the world's biggest interpersonal organization with more than two billion month to month dynamic clients all around. 

2. SPH is broadening its business 

SPH knows about the interruption it confronts and has expanded into property, nursing homes, ventures, and web-based business. Out of this, I trust its property section has been its best wander up until now. 

SPH has been getting a great rental salary (through its stake in SPH REIT) from properties like Paragon, Clementi Mall and Seletar Mall. 

3. Profit per share is diminishing 

Profit payouts have diminished from S$418.6 million of every 2007 to S$291.9 million out of 2016. From my past visits to Singapore Press Holdings' AGMs, I comprehend that SPH will pay a profit in view of its repeating income. On the off chance that you take a gander at the table over, SPH's repeating income has diminished from S$427.1 million out of 2007 to S$305.2 million of every 2016. 

SPH's most recent nine-month comes about report that benefits diminished by 31.9%. Along these lines, there is a high likelihood that the profit will diminish once more. 

4. Searching for a practical profit 

The diagram above demonstrates the 10-year profit yield of SPH. With SPH's offer cost at S$2.57 (as at 12 September 2017) and its FY2016 profit per share at 18 pennies, this mirrors a profit yield of 7.0%. 

New financial specialists will likely note the appealing yield as it substantially higher than our bank loan costs. In any case, we realize that SPH's income is relied upon to fall assist which implies its profit will most likely fall also. Subsequently, this 7.0% yield might be a hallucination. 

We as a whole realize that SPH's media portion is confronting interruption, so now we have to paint the direct outcome imaginable where we avoid any benefit from the media section totally. 

Accordingly, you should request a higher yield in light of the direct outcome imaginable to cushion against any potential value drops. Keep in mind, contributing is tied in with securing your drawback as much as development.

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Dispatch of Singapore's first startup stock trade expected by mid-year

SINGAPORE

A STARTUP stock trade that plans to help beginning time organizations discover 
subsidizing for their organizations, spanning the financing hole between crowd funding 
locales and conventional stock trades is relied upon to be propelled in Singapore this 
year.Plans for the trade are still in a beginning stage. In any case, Curacao-based Startup 
Stock Exchange (SSX), which was gained in May 2016 by the International Stock 
Exchange Group (ISEG) for an undisclosed whole, would like to get it up and running by 
the center of this year.

The trade, to be called SSX, will be the main such stage here for speculators to purchase partakes in new companies and for such organizations to raise the capital they have to develop and extend. "With SSX, new businesses can exchange securely, get their foot in the entryway regarding controls, and comprehend being a recorded organization. This 
enables them to indicate speculators that they are not kidding and have a leave 
methodology. Their following stage will be the huge board stock trades." 

Since SSX's establishing in 2012, it has amassed nearly 950 organizations on its stage, 
which incorporate versatile application creators, gaming new businesses, and little speculation firms. The following stage for SSX is to dispatch trades simultaneously in 50 nations crosswise over areas, for example, Asia, and Europe.Some showcase spectators are distrustful, guaranteeing that SSX will bring just restricted advantages to Singapore's financing scene which is now genuinely created with members, for example, government organizations, funding firms, heavenly attendant financial specialists and family workplaces. Many are worried that SSX will be interested in retail inancial specialists due to the hazards in startup contributing. 

A month ago, the Stock Exchange of Thailand said it will set up another stock trade for 
posting new companies in 2017. BT has learnt that it is untimely for MAS to remark on 
SSX's dispatch in Singapore now.

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Singapore banks sparkle in 'World's Safest Banks 2017' rankings

SINGAPORE banks DBS, OCBC and UOB shone indeed in exchange distribution Global Finance's "The World's 50 Safest Banks 2017" rankings.DBS Bank took an eleventh position, OCBC thirteenth, and UOB fourteenth. They took the initial three places of Asia rankings in that order.As the "Most secure Bank in Asia", DBS will be welcome to Global Finance's honors and 30th commemoration festivity in Washington, DC, in the US, on Oct 14 amid the International Monetary Fund and World Bank yearly meetings.In an Aug 22 report, Maybank Kim Eng Research said that it kept its "impartial" rating on Singapore banks.Exposure to the ambushed oil and gas segment remains a drag, it said.Separately, OCBC Investment Research on Sept 14 redesigned DBS from a "hold" to a "purchase", referring to positive advancements in its riches section and a change in the viewpoint for the neighborhood property showcase.

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Singapore telco stocks minimal changed after most recent iPhone dispatch

Singapore telco stocks minimal changed after most recent iPhone dispatch 

Offers in neighborhood telco administrators Singtel, StarHub and M1 were generally unaltered on Wednesday, a day after Apple propelled its eagerly awaited iPhone X.Singtel shares were exchanging at S$3.67 an offer, up one Singapore penny, or 0.3 for each penny at 12.32pm. StarHub was floating around S$2.58, down three Singapore pennies, 
or 1.15 for each penny, while M1 was at S$1.80, down a penny, or 0.55 for each cent.

On Tuesday, Apple CEO Tim Cook uncovered the organization's most recent contraption went for battling off developing competition.Analysts are careful about the upside handset profit may have on the telcos as the supply portion remains unclear.Apple's iPhone X will be accessible on Nov 3 in Singapore, with costs beginning from S$1,648 (64GB, without contract) to S$1,888 (256GB, without contract). Pre-orders begin from Oct 27.

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Keppel Gathering perceived in worldwide benchmarks for best reasonable practices

SINGAPORE - Keppel Corp has been recorded as a segment of the Dow Jones Maintainability Lists Asia Pacific File for the fifth back to a back year, it said in an announcement on Friday (Sept 8). 

The list tracks the execution of the best 20 for each penny of the 600 biggest Asia Pacific organizations that lead the field in maintainability. 

Independently, Keppel Land bested the Worldwide/Engineer/Private and Asia/Designer classes and kept up its third position all inclusive among designers in the Worldwide Land Manageability Benchmark (GRESB) 2017. 

GRESB surveys the maintainability execution of property organizations and land supports all around on its incorporated hierarchical approach and execution in natural estimation and administration. Organizations are assessed on seven parts of manageability, including data on execution pointers, for example, vitality, ozone depleting substance outflows, water, and waste. 

The Asia Full-scale Patterns Assets I and II under Alpha Speculation Accomplices, a unit of Keppel Capital, additionally looked after their "Green Star" grant status.

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SGX is going to suspend M Development from trading; company has 'no business operations'

SINGAPORE - M Development, an investment holding company on the exchange operator's Watchlist for risky companies, will be suspended from trading from Sept 12.

M Development has been deemed a "cash company" by the Singapore Exchange as it failed to recommence its trading business by Dec 31 last year.The company has zero revenue from operations and consists purely or substantially of cash or short-dated securities.The suspension will remain in force until the company has a business that can satisfy SGX requirements for a new listing.

Upon completion of the disposal of its operations and/or assets, M Development must place 90 per cent of its cash and short-dated securities in an escrow account. It must also provide monthly valuations of its assets and utilization of cash, and quarterly updates of milestones in obtaining a new business to the market via SGX filings.
M Development has up to 12 months to meet the requirements for a new listing. If it fails, the SGX will proceed to remove it from the Official List and the firm must provide an exit offer upon delisting.

M Development was placed on the Watchlist in June for failing to meet the minimum trading price rule.

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Don't rush into investments linked to virtual currencies

In recent years, virtual currencies such as bitcoins - and the huge gains these digital tokens have achieved - have made headlines globally. They started as virtual currencies but some have evolved to involve investment schemes.
Before you rush in, you should heed the advice of financial experts and the authorities who are urging investors to understand the potential risks of these complex products.

On Thursday, the Commercial Affairs Department (CAD) and the Monetary Authority of Singapore (MAS) warned retail investors not to throw caution to the wind when dealing with such investment schemes. They noted the emergence of an
initial coin (or token) offerings (ICOs), and other investment schemes involving digital tokens here. Some recent ICOs were TenX in June and Cross Coin last month.

Since 2015, a little over 100 police reports have been filed here involving five such investment schemes. And since January last year, the Consumers Association of Singapore (Case) has received five complaints about digital currencies, such as Bitcoin. The complaints focused on the lack of payouts after investing or unsatisfactory services.

The consumer advisory follows a recent clarification from MAS on its regulatory stance on digital tokens. MAS had said that the current securities regulatory framework requires that any offering of shares, debt instruments, or units in a collective scheme will have to comply with prospectus requirements, or exemption requirements (if any are applicable).

Singapore University of Social Sciences (SUSS) Professor David Lee said he has invested in digital tokens not to get good returns, but to learn and be involved in the digital token community. He declined to disclose the sum he had invested.

Besides hoping for high returns through appreciating token prices, advocates of digital tokens see the new technology as an enabler of the growth of community projects, particularly in areas where financial services infrastructure is lacking. Others like the transparency and liquidity opportunities.

Like any investment product, it is prudent to understand it first. When sellers of digital tokens fail to highlight the risks, consumers should make the effort to find out more information about the underlying project, business or assets. Look out for these eight risks.

1. FOREIGN AND ONLINE OPERATORS

The CAD and MAS warned that you are exposed to a heightened risk of fraud when investing in schemes that operate online or outside Singapore as it would be difficult to verify their authenticity.

2. SELLERS WITHOUT A PROVEN TRACK RECORD

Sellers of digital tokens may not have a proven track record, making it hard for one to establish their credibility. As with all start-ups, the failure rate tends to be high.

3. INSUFFICIENT SECONDARY MARKET LIQUIDITY

Even if digital tokens are tradable in a secondary market, in practice, there may not be enough active buyers and sellers or the bid-ask spreads may be too wide. This means you may not be able to exit your token investments easily.

4. HIGHLY SPECULATIVE INVESTMENTS, PRICE VOLATILITY

The valuation of digital tokens is usually not transparent and is highly speculative. Transparency could be limited as there might be little publicly available information that could help you gauge the fair value of the virtual currency.

There is a high risk that you could lose a portion or your entire investment amount. In the worst-case scenario, the digital tokens could be rendered worthless.

5. INSUFFICIENT SECURITY PRECAUTIONS

The platforms or persons you deal with may not have taken enough security precautions and this could lead to theft through hacking.

6. FRAUD AND SCAMS

Fraud has also occurred in relation to companies that claim to offer virtual currency payment platforms and other virtual currency-related products and services.

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Yamada Green Resources calls for compulsory trading suspension

SINGAPORE - Mainboard-listed Yamada Green Resources called for an immediate mandatory trading suspension in a pre-market filing around 7:30 am on Wednesday (Sept 6).

Yamada, which is a major supplier of shiitake mushrooms with cultivation bases in China's Fujian province, had said late on Tuesday night (Sept 5) it would be asking for its trading halt to be converted into a voluntary suspension, and for a further extension of time of an aggregate of seven months to announce its full-year financial results and hold its annual general meeting.

Yamada said the audit committee has also initiated an inquiry into the extent to which finance documents and it/computer hardware of the group are affected by the fire incident. It has also proposed to the board that, as an interim measure, oversight procedures be implemented in relation to cash balances in the bank accounts of the group, and this has been accepted by the board.

Shook Lin & Bok LLP has been appointed as the company's legal advisers to advise the board and the audit committee of the immediate measures and the actions to be taken in relation to the fire incident and the additional audit works, and moving forward, any other matter entrusted to them by the board and/or the audit committee arising therefrom.

Yamada had on Aug 25 said it was applying for more time to file its results and hold its AGM as it had experienced high staff turnover in the finance team and because its external auditors needed more time to complete its procedures.

On Aug 11, the company flagged a loss for the fourth quarter and full year.

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Jaya Holdings fails to get SINGAPORE EXCHANGE pre-clearance for reverse takeover of Papua New Guinea finance company SINGAPORE

SINGAPORE - Mainboard-listed Jaya Holdings said on Tuesday (Sept 5) that its proposed 
reverse takeover of Papua New Guinea personal and consumer lending firm Heduru Moni has 
failed to obtain pre-clearance from the SGX.

Jaya, who was earlier an offshore fleet and shipyard owner, became a cash company after it sold 
its businesses for S$625 million in 2014 to Mermaid Marine Australia. It entered into a reverse 
takeover agreement to acquire Heduru Moni in May last year in a S$232.2 million all-share deal.
Jaya said it was informed that taking into consideration the nature of Heduru Moni's business, 
together with the jurisdiction risks of the acquisition target, "it has not been demonstrated to 
SGX that the target is suitable for listing on SGX at this point in time."

Jaya said it is considering the options available and intends to seek further clarification from 
SGX on the pre-clearance.It said shareholders should note that there is no certainty the proposed acquisition can be completed by the new completion date of Sept 30, 2017, in which event the agreement may terminate.

Jaya also reminded shareholders that it faces delisting unless it can meet SGX's new listing 
requirements by Oct 3, 2017.

Read more- Stock market Singapore, Penny stock recommendations, Singapore Stock Analysis, stock market  rotation

4 SMALL CAP STOCKS THAT MIGHT       HELP YOU MAKE A COMEBACK

The Straits Times Index (STI) has been extending its losses over the past month as investors continue to take profit ahead of key events. The STI fell from 3,346.02 to 3,262.61 last Friday (25 Aug 2017) as it recorded a monthly loss of 2.5%.

Moving forward, the STI looks to be heading downwards in the month of September as markets continue to be impacted by geopolitical risk from North Korea as well as uncertainty over Donald Trump’s administration.
Here are four small-cap stocks that analysts are recommending.

1. Raffles Medical Group

Raffles Medical Group recently announced its 2Q17 results, which reflected headwinds that the company is facing.
However, analysts believe that Raffles Medical Group’s significant expansion plans over the medium term would help to buoy share price as the company evolves toward becoming a regional healthcare provider.
Raffles Medical Group management highlighted that it expects its planned hospitals in China to achieve EBITDA breakeven within three years.

The management has also indicated that it is looking to open its Chongqing hospital (operational by 2H18) with around 120 doctors (80 local) and 250 operational beds (50 public).
Daiwa Capital Markets: Raffles Medical Group Limited (SGX: BSL) – BUY; Target Price $1.46

2. SIA Engineering: Riding on tail of SIA

SIA Engineering is setting itself on a good long-term growth trajectory as it stands to be a key beneficiary of three long term trends.
Firstly, analysts note that SIA’s fleet is expected to grow by ~50% over the next decade. That means that there will be more fleet maintenance work for SIA Engineering.SIA has also been collaborating with original equipment manufacturers (OEMs) like Boeing and Airbus for fleet management services and airframe maintenance contracts respectively.
SIA Engineering is expected to be the lead beneficiary for SIA’s collaboration with OEMs.

In addition, SIA Engineering also embarked on a joint venture with GE Aviation to provide a full range of aircraft maintenance, repair and overhaul (MRO) services for GE90 and GE9x over the next three years.
Lastly, the opening of Terminal 4 in 2H17 will increase maintenance opportunities for SIA Engineering as the number of flights to and from Singapore increases.

Daiwa Capital Markets: SIA Engineering Company Limited (SGX: S59) – BUY; Target Price $4.10

3. Sinotrans: Laggard turning into outperformer on recovery in global trade

Sinotrans is one of the largest logistics company in China. With the recovery in global trade and the shipping industry, Sinotrans stands to be a beneficiary.The logistics industry looks to be recovering from its trough of the past three years. Analysts expect the recovery momentum to sustain and even extend into 2018 on the back of a global trade recovery.
Given that Sinotrans has been lagging behind its logistics peers, improving sentiment and profitability and the expected industry recovery will drive investor interest in Sinotrans over the next few months.

Daiwa Capital Markets: Sinotrans Limited (HKG: 0598) – BUY; Target Price HK$5.00

4. ThaiBev: Fried chicken and beer combo in the making?

ThaiBev’s subsidiary recently announced the acquisition of Yum Restaurants in Thailand. Upon completion of the deal, ThaiBev will own over 240 KFC stores in Thailand.
According to ThaiBev, KFC is the number-one quick service restaurant brand in Thailand by brand share and outlets.
Analysts believe that the expansion allows ThaiBev to venture further into the food business and enable ThaiBev to further understand Thai consumption trends.The deal will help ThaiBev move closer to its Vision 2020 plan to diversify and have 50% revenue contribution outside of alcoholic beverages.

Singapore Telecommunications Limited’s Mobile Business: 2 Big Trends Investors Should Know

Singapore Telecommunications Limited (SGX: Z74) reported its fiscal first-quarter results in early August.For the reporting quarter, Singtel reported an 8% rise in revenue, posting S$4.3 billion in sales.

The solid growth in the topline was credited to strong growth in the Australian consumersegment and the digital businesses.

However, the telco’s profit fell 5.6% year-on-year, dragged down by weaker earnings from its

regional associates.

Let’s take a look at the two opposing trends.

1. The Australian turnaround – click here

2. The Indian dilemma

Singtel has stakes in regional telcos such as Indonesia’s Telkomsel, India’s Bharti Airtel, Globefrom the Philippines and Thailand’s AIS and Intouch.

Over time, Singtel’s collection of regional associates has grown in importance. In the first-quarter, dividends from its associates accounted for almost 67% of the telco’s free cash flow.

The contribution is significant, and also important as free cash flow is the source of Singtel’s

dividends, and future investments.

For the fiscal first quarter of the financial year ending 31 March 2018 (FY17/18), regional

associates posted profits before taxes (PBT) of $673 million, a 4% decline from a year ago.Much of the decline was caused by lower profits at Bharti Airtel which posted a PBT fall of 42%year-on-year The most telling sign of Bharti Airtel’s impact is that Singtel would have posted a 9% increase inPBT if not for the Indian telco’s profit decline.

In a recent earnings briefing, Singtel’s chief executive Chua Sock Koong, said:

“Associates’ earnings were affected by intense market competition, especially in India. Theassociates made significant investments in networks and spectrum and recorded higherdepreciation and amortisation costs.

This is partially mitigated by strong results from Telkomsel.”

Bharti Airtel recorded an increase in its mobile subscriber base, but lost market share asReliance Jio, an aggressive competitor, entered the Indian telco market with cut-price offers. At the moment, it is unclear how long the competition in the Indian market will drag on. Until then,Singtel’s profits might take a sting.

We will have to continue watching developments in this space.

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