Stock Market Analysis for today

Source: BloombergKeppel Offshore and Marine (KOM) has through its subsidiaries, clinched contracts worth a combined value of about S$300 million, the firm said on Wednesday. The contracts include the designing and construction of an ice-class LNG bunker vessel, refurbishment of a Floating Produ...

Source: BloombergHong Kong’s stock exchange has rejected CNMC Goldmine’s dual listing on its mainboard, saying that the company is not able to meet the minimum market capitalization requirement to list and views that the listing does not provide liquidity for the company’s shares in Hong Kong. ...

Source: BloombergThe Asia Pacific insurance unit of HSBC Holdings has received regulatory approval to sell its stake in a Malaysian life insurance joint venture to Hong Kong-based insurer FWD Group. The United Kingdom-headquartered lender said in a statement late on Thursday it has gotten the a...

Source: I12 KatongKeppel Corporation's DC REIT Holdings has entered into a sale and purchase agreement to buy up the remaining shares of I12 Katong shopping mall at an aggregate cash consideration of S$56.6 million. DC REIT is a wholly-owned subsidiary of Keppel Land, the property arm of conglo...

Source: BloombergJohnson and Johnson stock has fallen to its lowest point in 15 years after a bombshell report that the company knew for decades that their products contained asbestos. The multinational business has denied the claim since the report was released. ‘Any suggestion that Johnson an...

Leading drug distributorAustralian Pharmaceutical Industries Ltd (API) offered A$727 million to Sigma healthcare. API announced its proposal to buy Sigma on Friday, offering A$0.686 per Sigma share, and API shareholders owning 63% of the combined entity if the deal was to go ahead. API already ...

Source: BloombergGAM will suspend its 2018 dividend after forecasting its assets under management have fallen to CHF 60.8 billion (€53.8 billion), down from CHF 84.4 billion in June, as well as expecting to report a full-year loss of CHF 925 million. The announcement sent the Swiss asset manage...

Source: BloombergUK tech stocks to watch Although UK technology stocks are often thought to have less value than those found in other major economies, such as the US or China, there are a huge range of tech companies in the UK that have great potential to lead the market. A lot of UK tech stock...

The proposed joint venture between the two telco giants was announced in August this year, in a bid to take on bigger rivals Telstra Corp Ltd. and Optus. The $15 billion dollar planned merger combines Australia's third- and fourth-largest Telcos into a larger third player using TPG's fibre net...

Source: BloombergSiemens and Alstom announced that they have both filed remedies to appease European competition regulators who raised concerns that the proposed rail merger risked creating a monopoly in certain European rail markets. ‘The proposed remedies include mainly signalling activities ...

Source: BloombergDaimler announced on Tuesday that it has allocated €20 billion to spend on battery cells over the next decade in a move that will see it electrify its entire range of fossil fuel powered cars. The German carmaker declined to name which supplier it will acquire it batteries from...

Source: AFPEmbattled commodities firm Noble Group will be making an application to the Bermuda court in a bid to carry on with its restructuring plans, it said in a regulatory filing on the Singapore Exchange on Tuesday. Assuming that the order of the Bermuda court is obtained on December 14, t...

The Tex-Mex industry in Australia and New Zealand is set for a shake-up, as it was announced on Tuesday, over 60 Taco Bell Restaurants will open across both regions over the next few years. The deal will see the more than 60 restaurants begin construction as early as January 1, 2019 and finishi...

Source: BloombergWall Street rallied at the end of a trading day after a 500 point drop. The comeback in the US markets comes on the strength of tech stocks. Wild day of trading The trading day started with a downturn in stocks as investors worried about the US-China trade impasse. The recent a...

Source: BloombergOn the heels of rival car sharing service Lyft filing for an IPO, Uber has announced that it has filed paperwork with the US Securities and Exchange Commission (SEC) for an initial public offering (IPO). The IPO is one of the most highly anticipated of 2019. Uber’s rocky path t...

Source: BloombergTrafigura recorded the lowest annual profit it has seen in eight years, with the commodities trader seeing its gross profit margin hit 1.3%, down from 1.6% last year after struggling with challenging market conditions and increased competition. The pressure on margins that the ...

Source: AFPAlibaba Group on Monday said it will increase its stake in Hong Kong-listed Alibaba Pictures, a move which will give Alibaba a controlling stake in the firm. Alibaba, which currently owns a 49% stake in Alibaba Pictures, will increase their stake to 51%. The move will be done through...

The S&P/ASX200 index fell as much as 1.9% in early trade on Monday, falling to one of its lowest levels since 2016. Analysts say there are many factors at play, and data may have contributed to bringing down the shares, ignitubg China and US tensions. This comes after China on Sunday demand...

Financial markets have witnessed an increase in volatility of late, which has led to several initial public offerings (IPOs) to be delayed till the new year as companies opt to wait for markets to stabilise and investor sentiment to improve. But while there may be a slight drought in IPOs for the.....

Shares of IOOF Holdings LTF fell 33% on Friday, in one of their steepest intraday drops to date. It comes as Australia’s prudential regulator seeks to disqualify IOOF MD, Chair and CFO. Australia’s prudential regulator APRA is acting against five top employees for failing to act in their custom...

Source: AFPNoble Group is disputing regulators’ allegations of improper accounting acts and will continue to try to complete its restructuring plans even after Singapore authorities said its relisting plans have been blocked. The board is looking at other processes that do not involve a transfe...

Source: BloombergLyft is one step closer to going public. The ridesharing company has applied for an initial public offering (IPO) with the US Securities Exchange Commission (SEC). The corporation acknowledged the filing in a statement. ‘The initial public offering is expected to commence after...

Source: BloombergThames Water announced a disappointing set of half-year results, with the water services company seeing profits fall more than 60% as the business contends with the adverse weather conditions brought on by climate change. Underlying pre-tax profits came in at just £43 million i...

Source: BloombergTakeda Pharmaceutical has secured support from its shareholders to proceed with its £46 billion acquisition of Shire. The deal will be Japan’s largest ever corporate takeover and will see Takeda become a leading global pharmaceutical company with combined revenues exceeding $30...

Source: BloombergRoyal Mail, AA and Thomas Cook all face being kicked out of the coveted FTSE indices at the end of the year, making a bad year worse for the three businesses which have had to issue several profit warnings and watch their respective share prices take a tumble. It has been a tou...

Source: BloombergWall Street is down after plunging 800 points in a single trading day. The fall is sparking fears of an economic slowdown. The US-China trade trouble While the US stock market soared on the news of a possible US-China trade truce, the delay in implementing the deal is worrying ...

Source: BloombergNasdaq announced its acquisition of Quandl, a leading provider of alternative data and core financial information, for an undisclosed sum on Tuesday. The deal is a reaction to a wider trend that sees investors coveting non-traditional data sets, which has led to Nasdaq looking ...

Source: Getty ImagesTencent Holdings’ subsidiary Tencent Music is planning to raise as much as US$1.23 billion from its New York Initial Public Offering (IPO), the firm said in a regulatory filing with the United States (US) Securities and Exchange Commission on Monday. In the regulatory filing...

An Australian tech startup just got an investment boost from two powerhouse Singapore companies. On Tuesday, tech startup Data Republic said it has raised A$22 million in a Series B funding round led by Singtel’s corporate venture capital (VC) arm Innov8. In a filing on the Singapore Exchange, ...

Source: BloombergGlaxoSmithKline(GSK) announced it will acquire oncology focused biopharmaceutical company TESARO for an aggregate cash consideration of around $5,1 billion. The proposed transaction will see GSK strengthen its pharmaceutical business, particularly its pipeline and commercial ca...