MARKET OVERVIEW- The market could face further pressure amid escalating US-China trade tensions with latest news that US President Trump has threatened to hit China with new tariffs on USD200b of Chinese imports. - Meanwhile, oil rose as some producers mull a smaller output boost ahead of OPEC meeting later this week..- Technically, the STI is grossly oversold but appears entrenched in a downtrend after breaking below its 200-dm at at 3,340 and could head towards the next support at 3,280.POSITIVE NEWS*Lian Beng- Awarded $95.8m contract by Tripartite Developers to build a condominium at Flora Drive.- The development comprise nine 8-storey residential blocks, clubhouse with one basement car park, swimming pool and tennis court.- Construction is expected to commence in Jul '18, for a period

One way to determine how cheap or expensive stocks are in the local stock market is to look at the number of net-net stocks that are available. A net-net stock is a stock with a market capitalisation that is lower than its net current asset value. The net current asset value can be calculated using the following formula: Net current asset value = Total current assets – Total liabilities In theory, a net-net stock is a steal as investors can get a discount on the company’s current assets, such as cash, after stripping off all liabilities. Moreover, the company’s fixed assets, such as properties, are thrown into the mix for free. Having said that, net-net stocks are usually businesses that are in serious trouble and/or have terrible business fundamentals. This means that investors

MARKET OVERVIEW- The broader market remains sluggish even as a tech rally on Wall Street lifted local blue chips against a backdrop of trade tensions.- Technically, the grossly oversold STI could reclaim more lost ground with near-term resistance at 3,510 (near 50-dma), while underlying support remains at 3,424 level (200-dma).POSITIVE NEWS*Keppel Corp- Secured a $50m contract from FueLNG (50:50 JV with Shell) to build Southeast Asia's first LNG bunkering vessel.- The 7.500m3 vessel is scheduled to be completed in 3Q20 and will support the growth of clean fuel newbuild solutions along the gas value chain.- FueLNG will receive a grant of up to $3m as part of the Maritime and Port Authority of Singapore's LNG Bunkering Pilot Programme.- Ytd, the group has won over $600m of new orders, compri

One way to determine how cheap or expensive stocks are in the local stock market is to look at the number of net-net stocks that are available. A net-net stock is a stock with a market capitalisation that is lower than its net current asset value. The net current asset value can be calculated using the following formula: Net current asset value = Total current assets – Total liabilities In theory, a net-net stock is a steal as investors can get a discount on the company’s current assets, such as cash, after stripping off all liabilities. Moreover, the company’s fixed assets, such as properties, are thrown into the mix for free. Having said that, net-net stocks are usually businesses that are in serious trouble and have terrible business fundamentals. This means that investors who

One way to determine how cheap or expensive stocks are in the local stock market is to look at the number of net-net stocks that are available. A net-net stock is a stock with a market capitalisation that is lower than its net current asset value. The net current asset value can be calculated using the following formula: Net current asset value = Total current assets – Total liabilities In theory, a net-net stock is a steal as investors can get a discount on the company’s current assets, such as cash, after stripping off all liabilities. Moreover, the company’s fixed assets, such as properties, are thrown into the mix for free. Having said that, net-net stocks are usually businesses that are in serious trouble and have terrible business fundamentals. This means that investors who