SGX Listed Stock


SGD 0.255
0.000 / 0.00%
Share Price as of: 2018-01-22 16:18
Market / ISIN Code: Catalist / SG1CH1000006
GICS® Sector / Industry Group / Industry: Industrials / Capital Goods / Construction and Engineering

Acromec Blogger ArticlesACROMEC LIMITED Blogger Articles SGX Listed ACROMEC LIMITED (43F.SI) Blogger Articles 43F.SI Blogger Articles
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Alan Luo
2017-11-30 09:07:13
SG Market (30 Nov 17)
MARKET OVERVIEW- Trading in the market could be muted ahead of OPEC's decision on another extension to its output curb agreement, and a widely anticipated US tax reform vote later today.- Technically, STI sees underlying support at 3,390, with topside resistance at 3,460.POSITIVE NEWS*Chip Eng Seng- Acquiring 245-room Mercure & Ibis Styles Grosvenor Hotel in Adelaide, Australia, and adjoining commercial properties at 72 and 74-78 Hindley Street, for A$43m.- This lifts its rapidly growing hospitality portfolio to four, of which two are in Australia. - Last traded at 16.8x forward P/E.*Cosco Shipping Intl Singapore- 51% owned Cosco Shipyard delivered a 9,785 dwt subsea support vessel to Maersk Supply Service AS.- The vessel, MAERSK INVOLVER, measures 11 meters high, 27 meters wide, and 137m
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Alan Luo
2017-11-23 09:12:10
SG Market (23 Nov 17)
MARKET OVERVIEW- Market sentiment could be buoyed by firmer oil prices and dovish FOMC minutes.- Additionally, Singapore's economy outperformed in 3Q with GDP growth of 5.2% (est: 5%), which prompted an upgrade to the official full-year growth forecast to 3-3.5%, from 2-3% previously.- Technically, topside resistance for STI is seen at 3,460, with underlying support now at 3,390.SECTOR WATCH*Telco- New entrant MyRepublic is targeting to launch its mobile services in 1Q18, although a slight delay from its year-end launch previously.- This adds to increased competition in the domestic mobile space, which will also see the entry of TPG in the coming months.- MKE has a NEGATIVE view on the sector with Singtel (HOLD, TP $3.87) as its preferred pick, with SELLs on StarHub (TP $2.17) and M1 (TP $

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