Singapore bond market

- A + A KUALA LUMPUR (Aug 17): Homegrown digital solutions and application development specialist Agmo Holdings Bhd (Agmo) has plans to expand in Singapore, targetting to set-up teams within 18 months of its listing on Bursa Malaysia’s ACE Market on Thursday (Aug 18). Agmo aims to raise RM22.10 million from its initial public offering (IPO). Its chief executive officer Tan Aik Keong said with a dedicated team in the city state, Agmo will be able to focus on growing the business and enhancing its customer relationships there. “We will expand our regional footprint by venturing into Singapore, where the mobile and web application development and digital solutions industries are expected to continue on a strong growth trajectory. “The establishment of our business presence there is expected to increase the group’s profile in the region,” he told Bernama . He said Singapore is a key global financial centre and also a regional base for many technology-related … [Read more...] about Agmo to set up Singapore teams within 18 months of listing

Rama Steel Tubes: Nomura Singapore buys 1 lakh shares in Rama Steel Tubes. Nomura Singapore bought 1 lakh equity shares in the company via open market transactions on June 15. These shares were acquired at an average price of Rs 371 per share. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × ICICI Direct's research report on Timken India Timken India is into manufacturing, distribution and sale of antifriction bearings, primarily tapered roller bearings, cylindrical roller bearing and other bearing components and accessories. They are also in power transmission product brands & partner with renewable energy companies to power some of world’s largest wind mills • Timken offers products to defence, mining, aerospace, agriculture, rail, energy and automotive industry • It has state-of-the-art manufacturing plants in Jamshedpur … [Read more...] about Buy Timken India; target of Rs 3560: ICICI Direct

Rama Steel Tubes: Nomura Singapore buys 1 lakh shares in Rama Steel Tubes. Nomura Singapore bought 1 lakh equity shares in the company via open market transactions on June 15. These shares were acquired at an average price of Rs 371 per share. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Prabhudas Lilladher's research report on Hero Motocorp Hero’s 1QFY23 EBITDA margin at 11.2% (flat QoQ PLe: 11.7%) came below our expectations and was impacted by higher raw material costs (gross margin contraction of ~350bps QoQ). However, management expects margin expansion in the quarters ahead led by commodity cost softening, consistent price hikes and increase in volumes. It targets EBITDA margin recovery to at least 14% vs ~11% currently. Festive season is expected to be healthy on the back of normal monsoons and increase in crop prices. … [Read more...] about Buy Hero Motocorp; target of Rs 3130: Prabhudas Lilladher

Share to Twitter Share to Linkedin Oil is flirting with becoming the nation’s most valuable export, just five years after accounting for more than 1% of all U.S. exports for the very first time. If this were to happen it would certainly be the first time in decades, if not ever. While it won’t happen this year, if ever, it today ranks second among some 1,200 export categories, second only to gasoline and other refined petroleum products. It has now passed the civilian aircraft category, the perennial No. 1 for many years. Oil’s percentage of total U.S. exports has increased fivefold in just five years, to 5.3%, according to the latest U.S. Census Bureau data available. With top-ranked refined petroleum products at 6.4%, the value of oil exports is little more than a percentage point from the top spot. This is the fourth in a series of columns about the nation’s exports. It follows similar series I did for the countries that are the nation’s top … [Read more...] about Once Unimaginable, Oil Flirts With Being Top U.S. Export

- A + A KUALA LUMPUR (Aug 17): The ringgit ended flat against the US dollar on Wednesday (Aug 17), amid the possibility of the Federal Reserve (Fed) taking a significant interest rate adjustment to bring rising inflation under control. At 6pm, the local currency stood at 4.4660/4685 versus the greenback from Tuesday’s close of 4.4660/4680. The United States Commerce Department data showed construction of new homes hit 18-month lows in July. The data pointed out that new residential construction in the US fell 9.6% last month to 1.45 million, suggesting that the real estate market is struggling more than expected, and this could generate further inflation. A trader said this has further boosted the greenback’s safe-haven appeal, ahead of the release of the Fed’s July meeting minutes and US July retail sales data later on Wednesday that could give further clues about the pace of future interest rate hikes. He said Fed officials have signalled the need for more … [Read more...] about Ringgit settles flat vs US dollar on Aug 17 as inflation fears cloud sentiment