On 2nd April 2012, DBS Group Holdings (D05.SI) made an announcement that it is acquiring a 67.4% stake in Bank Danamon for S$6.2b. DBS is largely held by Singapore’s state-run Temasek Holdings and mentioned that it will pay its parent company 45.2 trillion rupiah($4.9 billion) in new shares for its 67% stake and buy the remaining stock from other shareholders for 21.2…
Tag: Singapore Stock
Hyflux (600) – Short Term Reversal, Buy | Stock Prices | Singapore Stock Market
Hyflux stock surged a good 12% from previous day close. There is a series of Buy calls from various broking firms (DBS Vickers, Kim Eng) and after winning for Singapore’s second desalination plant at Tuas. Technical wise, Hyflux failed to breach top resistance of $2.4 during Jan 2011 and thereafter it corrected downwards through multiple Moving Averages. As anticipated, the…
Sinomen Technology (S14.SG) | Surge with takeover | Stock Market & Investment | Singapore
Prices of Sinomen Technology surged & gap up today on the nes of its takeover by Clean Water Investment at S$0.70 per share (31.6% premium to Sinomen’s NAV/Share) and 28.4% premium. Key resistance will be at 0.725 which represent upside at only 6%. Accumulate at consolidation towards S$0.65 will be favorable. Key support will now be at $0.575. OBV has…
Golden Agri – Bottom formation | Stock Prices & Investment | Singapore Market
As forecasted, with the general political instability and rising oil prices, most Singapore stocks suffered a rapid correction since Jan 2010. Golden Agri also suffered reversal from the peak of $0.83 all the way piercing through several MA support lines and reach a bottom support of $0.61. A visible bullish engulfing candlestick formation was formed and the prices have recovered…