Skip to main content

Posts

Showing posts with the label shipbuilding

Featured Post

Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
Post a Comment
Read more

Singapore Closing Bell: YZJ Shipbuilding Surges 10.7% as STI Sees Sector Rotation

Singapore equities ended Friday with strong stock-specific moves, led by a sharp rally in shipbuilding and property names. The benchmark  FTSE Straits Times Index  saw mixed sector performance, with industrial and property counters outperforming while select tech names corrected. STI Movers Top Gainers: Yangzijiang Shipbuilding Holdings Ltd  +10.71% (S$4.34) UOL Group Ltd  +5.62% Seatrium Ltd  +5.26% City Developments Ltd  +4.91% Jardine Matheson Holdings Ltd  +2.48% Top Losers: Venture Corp Ltd  -7.51% DFI Retail Group Holdings Ltd  -2.10% CapitaLand Integrated Commercial Trust  -2.00% Frasers Logistics & Commercial Trust  -1.98% Mapletree Logistics Trust  -0.77% Key Point: Capital rotated into industrial and marine names, while technology and REIT counters lagged. Most Actively Traded Yangzijiang Shipbuilding Holdings Ltd  was the most actively traded stock: Closing price: S$4.34 Turnover: S$299.98 million Gain: +10....
Post a Comment
Read more

Brokers Report: Muhibbah Engineering (M) - 9M16 Below Expectations

Retain outperform with lower target price (TP) of RM2.48 9M16 CNP of RM62.1m was below expectations, accounting for 68%/59% of our/streets? full-year estimates, respectively. The negative deviation was due to lower-than- expected operating margin stemming from the provisioning on its crane division coupled with a higher- than-expected contribution to its non-controlling interest. No dividend declared as expected. FY16-17E CNP was lowered by 7%-6%. No changes in call OUTPERFORM but lowered TP to RM2.48 (previously, RM2.53). Below expectations.  9M16 CNP of RM62.1m came in below expectations, making up only 68% and 59% of our and streets? full- year estimates, respectively. We believe the negative deviation was due to lower-than-expected operating margins mainly driven by the provisioning incurred on its crane division coupled with a higher-than- expected contribution to its non-controlling interest. No dividend was declared, as expected. Result highlights. YoY-Y...
Post a Comment
Read more