Are penny Stocks still lucrative in Singapore equity market?

Here are a few stocks to watch this Friday in Singapore equity market:

Singapore Equity market Valuable Stock of the day:

UOB revealed 1Q income of $807 million, 5.4% higher than a year prior. Net intrigue wage grew 2.3% to $1.30 billion, to a great extent driven by expensive based credit development. Net intrigue edge diminished 5 premise focuses to 1.73%. Non-intrigue pay expanded 18.0% to $819 million in 1Q17. Shares of UOB shut 24 pennies bring down at $21.47 on Thursday.

Sembcorp Marine posted 1Q income of $39.5 million, down 27.9% from a year prior on lower deals. The gathering booked a pickup of $47 million from the divestment of its 30% stake in Cosco Shipyard Group Co. which was finished in January. Shares of Sembcorp Marine shut at $1.73 before the declaration.

Protection aggregate Great Eastern Holdings announced 1Q17 income dramatically increased to $217.9 million from $96.9 million a year prior. This was for the most part because of higher non-working benefit because of narrowing of credit spreads and rally in value showcase, and higher benefit from shareholders’ store’s speculations. Extraordinary Eastern shut 8 pennies higher at $21.47.

Keppel FloaTEC, an entirely possessed backup of Keppel Corp’s seaward and marine arm, has secured a US$40 million ($56 million) contract for the initial Tension Leg Wellhead Production Platform (TLWP) in Vietnam. Shares of Keppel Corp shut 2 pennies higher at $6.57 on Thursday.

iFAST Corporation, the venture, and finances stage have declared income of $2 million for the principal quarter finished March 31, about multiplying from the $1.2 million it posted in 1Q16 on higher income subsequent to accomplishing record high resources under organization (AUA). Shares of iFAST shut level at 60 pennies on Thursday.

Unitholders of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust will vote today on booting out the REIT’s director, and maybe twisting up the entire element.

Major Share Markets

On Thursday night, the Dow Jones Industrial Average rose 6.24 focuses, or 0.03%, to 20,981.33, the S&P 500 increased 1.32 focuses, or 0.06%, to 2,388.77 and the Nasdaq Composite included 23.71 focuses, or 0.39%, to 6,048.94, a record high.

Singapore Stock Market

The Straits Times Index shut 2.4 focuses weaker at 3,171.36 in direct turnover of 1.8 billion units worth $1.1 billion, however, the expansive market still dealt with a propel decrease score of 255-207 barring warrants.

More Profitable Singapore Stocks of the Day:

  • Addvalue Tech
  • UOB
  • HPH Trust USD
  • OCBC Bank

Our recent Stock Recommendations:
(25 April 2017): BUY BEST WORLD AT 2.47 TARGET 2.57, 2.67 SL 2.35

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