Wall Street titan JP Morgan Chase has become the latest firm to apply for a controlling stake in a Chinese securities venture, taking advantage of new rules Beijing put in place last month as part of a move to open up the economy. JP Morgan Broking applied to establish a foreign invested securities firm with […]
Genting Singapore PLC (SGX:G13) Trading Outlook Overall, the bias in prices is: Upwards. Short term: Prices are stalling. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 1.39. The projected lower bound is: 1.28. The projected closing price is: 1.33. Genting Singapore PLC is […]
Bank of America Corp (NYSE:BAC) Cryptocurrency Exchange Platform? During the first week of December, the second largest bank in the U.S., Bank of America (BOA), was awarded a cryptocurrency exchange patent. The BOA cryptocurrency trading platform’s concept summary outlines three types of accounts where users and businesses can swap digital assets instantly. On December 5 […]
United Overseas Bank Ltd (SGX:U11) Trading Outlook Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 24.85. The projected upper bound is: 27.54. The projected lower bound […]
Singapore Telecommunications Limited (SGX:Z74) HEFFX Highlights Singtel Singapore’s largest mobile telecommunications company Singtel has announced attaining 1.1Gbps speeds on its 4G LTE network during a trial of licensed-assisted access (LAA) technology with Ericsson. The test, which took place in Singtel’s lab, utilised 4×4 Multiple-Input Multiple-Output (4×4 MIMO) and 256 Quadrature Amplitude Moderation (256 QAM) technology, […]
NVIDIA Corporation (NASDAQ:NVDA) “Most Powerful GPU Ever Created” Nvidia is stepping up its game in the artificial intelligence market with its new Titan V GPU, which the company said is the “most powerful PC GPU ever created.” Nvidia’s Titan V starts at a hefty US$2999 and is targeted at scientists and researchers who can use […]
Comfortdelgro Corporation Ltd (SGX:C52) Trading Outlook Overall, the bias in prices is: Downwards. Short term: Prices are stalling. Intermediate term: Prices are ranging. By the way, prices are vulnerable to a correction towards 2.10. The projected upper bound is: 2.12. The projected lower bound is: 1.91. The projected closing price is: 2.02. ComfortDelGro Corporation Limited […]
Rowsley Limited (SGX:A50) Trading Outlook Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 0.12. The projected upper bound is: 0.12. The projected lower bound is: 0.10. […]
Oversea-Chinese Banking Corp. Limited (SGX:O39) Trading Outlook Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 11.76. The projected upper bound is: 12.91. The projected lower bound […]
Singapore Telecommunications Limited (SGX:Z74) Trading Outlook Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are ranging. By the way, prices are vulnerable to a correction towards 3.75. The projected upper bound is: 3.84. The projected lower bound is: 3.73. The projected closing price is: 3.78. Singapore Telecommunications Limited […]
StarHub Ltd. (SGX:CC3) Trading Outlook Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 2.76. The projected upper bound is: 3.01. The projected lower bound is: 2.85. […]
Wilmar International Limited (SGX:F34) HEFFX Highlights Wilmar International Limited has partnered with ING to convert a portion of its existing bilateral, committed Revolving Credit Facility of US$150 million with the bank into a sustainability performance-linked loan. Wilmar says it is the first company in Asia and the palm oil industry to take a loan with […]
Comfortdelgro Corporation Ltd (SGX:C52) HEFFX Trading Outlook Overall, the bias in prices is: Downwards. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 2.09. The projected lower bound is: 1.91. The projected closing price is: 2.00. ComfortDelGro Corporation Limited is a Singapore-based investment holding company. The Company provides management […]
Tuan Sing Holdings Limited (SGX:T24) HEFFX Highlights Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. The projected upper bound is: 0.49. The projected lower bound is: 0.43. The projected closing price is: 0.46. Tuan Sing Holdings Limited is a Singapore-based investment holding company, which is engaged […]
Rowsley Limited (SGX:A50) HEFFX Trading Outlook Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 0.13. The projected lower bound is: 0.11. The projected closing price is: 0.12. Rowsley Ltd. is a […]
StarHub Ltd. (SGX:CC3) HEFFX Highlights Telco StarHub and telecomms firm Nokia will co-develop and launch commercial Internet of Things (IoT) applications and services here. The companies will devise applications for connected living, vehicles and buildings with an eye to offering commercial services to customers in the first quarter of next year. Smart parking, environmental sensors […]
SembCorp Industries Limited (SGX:U96) HEFFX Highlights Over the last 12 months, marine engineering and utilities conglomerate Sembcorp Industries Limited (SGX: U96) has seen its stock price gain 12% to S$3.06 currently. Given the respectable run-up, investors may be wondering: Is there more room left to run for Sembcorp Industries’ stock? There is no easy answer, […]
Twitter Inc (NYSE:TWTR) Apologizes to New York Times The company was criticized after it froze the account of actress Rose McGowan in October, when she included a phone number in one of her tweets about misconduct by movie producer Harvey Weinstein. Then, after verifying a white supremacist this month, the company paused the entire verification […]
Bank of America Corp (NYSE:BAC) HEFFX Outlook Overall, the bias in prices is: Upwards. Short term: Prices are stalling. Intermediate term: Prices are trending. The projected upper bound is: 27.42. The projected lower bound is: 25.85. The projected closing price is: 26.63. Bank of America Corporation is a bank holding company and a financial holding […]
Singapore Telecommunications Limited (SGX:Z74) HEFFX Trading Outlook Overall, the bias in prices is: Downwards. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 3.75. The projected lower bound is: 3.63. The projected closing price is: 3.69. Singapore Telecommunications Limited is a communications company. The Company is engaged in the […]
CapitaLand Limited (SGX:C31) Going Cashless In China Capitaland has struck an alliance with China UnionPay to enable cashless payment in China through the former’s cardless rewards programme, CapitaStar, at the IE Singapore – CapitaLand Tech & Innovation Summit in Beijing on Friday. CapitaLand also sealed technology collaborations with leading Chinese players, which include launching a […]
Oversea-Chinese Banking Corp. Limited (SGX:O39) HEFFX Highlights OCBC acquires National Australian Bank’s private wealth business in Hong Kong The move seeks to boost the bank’s mortgage and deposit books. OCBC Wing Hang Bank Limited, a wholly-owned subsidiary of OCBC, has completed the acquisition of National Australia Bank’s (NAB) Private Wealth business in Hong Kong on […]
Singapore Press Holdings Limited (SGX:T39) HEFFX Trading Outlook Overall, the bias in prices is: Downwards. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 2.81. The projected lower bound is: 2.65. The projected closing price is: 2.73. Singapore Press Holdings Limited is a media company. The Company’s businesses include […]
United Overseas Bank Ltd (SGX:U11) Hiring “Virtual Employees” United Overseas Bank (UOB) is employing two robot-like “virtual employees” as they are termed – to tackle tasks its human employees find too boring. The bank said yesterday that the “robots”, Amy and Eve, are slashing the time taken on such repetitive and time-consuming jobs as data […]
Xunlei Ltd (NASDAQ:XNET) HEFFX Highlights Shares of the China-based cloud-computing company Xunlei (NASDAQ:XNET) jumped as much as 12.6% on Friday — but the stock is up about 5% at the time of this writing. Bullishness toward the stock follows Bloomberg’s look at Xunlei’s cryptocurrency project. As Bloomberg states, Xunlei’s cryptocurrency ambitions seem to be getting […]
Singapore Telecommunications Limited (SGX:Z74) HEFFX Highlights DBS Group Holdings Ltd. has overtaken Singapore Telecommunications Ltd. to become the biggest company in Southeast Asia by market value. As of Thursday’s close, DBS had a market capitalization of $46.8 billion (S$62.97 billion) compared to Singtel’s $44.86 billion (S$60.42 billion). DBS adopted a “digital to the core” strategy […]
Noble Group Limited (SGX:CGP) HEFFX Highlights Noble Group Risks Equity Wipeout as Shares Retreat Yet Again Commodity trader transfers stock to staff in units being sold Company opens talks with creditors this week on restructuring Noble Group Ltd.’s stock sell-off deepened as the trader pressed on with an effort to restructure its debt and transferred […]
Rowsley Limited (SGX:A50) Trading Outlook Overall, the bias in prices is: Upwards. Short term: Prices are stalling. Intermediate term: Prices are trending. The projected upper bound is: 0.14. The projected lower bound is: 0.12. The projected closing price is: 0.13. Rowsley Ltd. is a real estate company. The principal activities of the Company are investments, […]
Singapore Telecommunications Limited (SGX:Z74) Trading Outlook Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are ranging. The projected upper bound is: 3.74. The projected lower bound is: 3.62. The projected closing price is: 3.68. Singapore Telecommunications Limited is a communications company. The Company is engaged in the operation […]
Lake Resources N.L. (ASX:LKE) HEFFX Highlights Lithium exploration company Lake Resources N.L. ( ASX:LKE) (“Lake” or “LKE”) announces that it has secured commitments to raise $1.665 million in an oversubscribed offer by way of the issue of 1,665,000 unsecured notes (Notes) to sophisticated and professional investors. The intention was to raise $1.5 million but due […]
MM2 Asia Ltd (SGX:1B0) HEFFX Highlights Fast-moving Singaporean mini-conglomerate MM2 has agreed on terms of purchase for the Cathay Cineplexes cinema chain. The move comes only months after MM2’s failed bid to buy rival Singaporean circuit Golden Village. Cathay currently operates eight multiplexes in Singapore, including one that was opened in September at Parkway Parade. […]
Rowsley Limited (SGX:A50) HEFFX Highlights Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 0.14. The projected lower bound is: 0.12. The projected closing price is: 0.13. Rowsley Ltd. is a real […]
Emeco Holdings Limited (ASX:EHL) HEFFX Highlights Heavy earthmoving equipment company Emeco (ASX:EHL) has announced the successful completion of its institutional entitlement offer. The company raised approximately $67 million through 320 million new shares at 21 cents a share. Emeco said it received strong support from existing eligible institutional shareholders with an uptake of 66 per […]
National Australia Bank Ltd. (ASX:NAB) Cuts 6,000 Australian Jobs Up to 6,000 jobs will be axed in a major restructure at National Australia Bank, the lender said Thursday after posting Aus$5.28 billion (US$4.1 billion) in annual net profits. The positions will go as it further automates and simplifies its business. Some 2,000 new jobs will […]
Singapore Telecommunications Limited (SGX:Z74) Trading Outlook Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 3.81. The projected lower bound is: 3.69. The projected closing price is: 3.75. Singapore Telecommunications Limited is a communications company. The Company is engaged in the […]
Rowsley Limited (SGX:A50) Trading Outlook Overall, the bias in prices is: Upwards. Short term: Prices are stalling. Intermediate term: Prices are trending. The projected upper bound is: 0.15. The projected lower bound is: 0.12. The projected closing price is: 0.13. Rowsley Ltd. is a real estate company. The principal activities of the Company are […]
Amazon.com, Inc. (NASDAQ:AMZN) HEFFX Highlights Amazon is getting almost no revenue from its bookstores Amazon broke out “physical stores” sales for the first time in the third quarter. Amazon has been expanding its physical presence, with Whole Foods, bookstores, and pop-up stores. Almost all of the revenue in the category comes from Whole Foods. Amazon.com, […]
Blackham Resources Ltd (ASX:BLK) Slammed Blackham looks like good buying today after being hammered in reaction to a fairly innocuous update, the financing seems to be the issue, the hedge and the possible dilution created a strong negative sentiment. I am not a fan of the hedge, but still if the operation is profitable, the […]
International Business Machines Corp. (NYSE:IBM) HEFFX Highlights IBM has named David La Rose as its new Australia and New Zealand (A/NZ) managing director, replacing Kerry Purcell, who has taken up a senior leadership role within IBM Japan. La Rose has clocked up 28 years at IBM in a variety of senior executive roles across Europe […]
Bank of America Corp (NYSE:BAC) Trading Outlook Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 25.29. The projected upper bound is: 28.59. The projected lower bound […]
Blackham Resources Ltd (ASX:BLK) Headed to 30c This could do better but the PPS will be limited by a recent funding that was done in the 30c range. Blackham Resources Ltd (ASX:BLK) provides the Annual Report to shareholders. Review of Operations Over the last six years, Blackham has consolidated the Wiluna Goldfield with a tenement […]
Woolworths Limited (ASX:WOW) HEFFX Highlights Supermarket giant Woolworths could face strikes at Victorian and NSW distribution centres as 2000 staff push for pay rises and job certainty. The National Union of Workers last week lodged applications in the Fair Work Commission flagging possible strikes. “Workers at four Woolworths distribution centes have applied for Protected Action […]
Wesfarmers Ltd (ASX:WES) Trading Outlook Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are ranging. By the way, prices are vulnerable to a correction towards 42.08. The projected upper bound is: 43.75. The projected lower bound is: 41.75. The projected closing price is: 42.75. Wesfarmers Limited is engaged […]
Verizon Communications Inc. (NYSE:VZ) HEFFX Highlights Verizon Communications Inc. is a holding company. The Company, through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. Its segments include Wireless and Wireline. The Wireless segment offers communications products and services, including wireless voice and data services and equipment sales, […]
Wesfarmers Ltd (ASX:WES) HEFFX Highlights Wesfarmers’ incoming chief executive Rob Scott has signalled plans to take a fresh look at the portfolio of businesses owned by the Perth based conglomerate, which could see a “very different” company in 10 years’ time. “The expectation of the board is that I look at everything with a fresh […]
NVIDIA Corporation (NASDAQ:NVDA) HEFFX Highlights One of the hottest growth markets for NVIDIA (NASDAQ: NVDA) right now is data centers. The same graphics processing unit (GPU) technology used to power video games is now being used by cloud service providers to process the mountains of data consumers create, including videos, photos, and messages that ultimately get […]
Bank of America Corp (NYSE:BAC) HEFFX Highlights The UK’s financial regulator has fined Bank of America’s Merrill Lynch £35m for breaking reporting rules. The US bank failed to report nearly 69 million transactions over two years, the Financial Conduct Authority said. Merrill Lynch’s fine was reduced by 30% because the bank agreed to settle at […]
Singapore Telecommunications Limited (SGX:Z74) Trading Outlook Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 3.82. The projected lower bound is: 3.70. The projected closing price is: 3.76. SINGTEL closed unchanged at 3.760. Volume was 34% below average (neutral) and Bollinger Bands […]
Fortescue Metals Group Limited (ASX:FMG) Trading Outlook Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 5.29. The projected upper bound is: 5.22. The projected lower bound […]
United Overseas Bank Ltd (SGX:U11) Trading Outlook Overall, the bias in prices is: Upwards. Short term: Prices are stalling. Intermediate term: Prices are ranging. By the way, prices are vulnerable to a correction towards 23.55. The projected upper bound is: 24.92. The projected lower bound is: 23.74. The projected closing price is: 24.33. United Overseas […]
Micron Technology, Inc. (NASDAQ:MU) Trading Outlook Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 35.64. The projected upper bound is: 42.96. The projected lower bound is: […]
General Electric Company (NYSE:GE) HEFFX Highlights Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 24.89. The projected upper bound is: 24.05. The projected lower bound is: […]
Microsoft Corporation (NASDAQ:MSFT) HEFFX Highlights Microsoft first unveiled its plans for ARM-powered Windows laptops last year. The new devices will be powered by Qualcomm’s Snapdragon 835 processor, and will support traditional desktop apps thanks to an emulator in Windows 10. While Qualcomm previously promised laptops before the end of the year, we haven’t heard much […]
Oversea-Chinese Banking Corp. Limited (SGX:O39) HEFFX Highlights OCBC Bank and StarHub announced the formation of Singapore’s first bank-telco strategic partnership to drive Singapore’s collaborative economy. Also known as the ‘We Economy’, businesses globally are moving beyond conventional industry silos into an interconnected ecosystem to shape better business outcomes and customer experiences. The previously clear lines […]
Westpac Banking Corp (ASX:WBC) HEFFX Highlights About 1,000 staff have been let go from Westpac over the past two years as a result of technological advancements such as automation; however CEO Brian Hartzer sees a silver lining, telling a House of Representatives committee his bank is also witnessing new jobs being created as a result […]
Bank of America Corp (NYSE:BAC) HEFFX Highlights Bank of America Report: Bitcoin’s True Value ‘Impossible to Assess’ A potential move by global brokerages to offer products around cryptocurrencies could have a big impact on the wider market, analysts at Bank of America Merrill Lynch wrote. In an Oct. 16 research note entitled “Introducing cryptocurrencies – […]
Rio Tinto plc (ADR) (NYSE:RIO) Disappointing Copper Numbers Global miner Rio Tinto on Tuesday said it had lifted its third quarter iron ore shipments by 6 percent after modernizing its haulage railway in Australia’s outback, but cut its production target for copper due to delays at a major mine in Chile. Iron ore shipments totaled […]
Aristocrat Leisure Limited (ASX:ALL) Long Term Bullish Outlook Aristocrat Leisure Limited (ASX:ALL) has a Price to Book ratio of 11.602426. This ratio is calculated by dividing the current share price by the book value per share. Investors may use Price to Book to display how the market portrays the value of a stock. Checking in […]
Woolworths Limited (ASX:WOW) HEFFX Highlights WOOLWORTHS has finalised its exit from its disastrous Masters hardware venture by completing the sale of its store sites. The supermarket giant said it has completed the sale of Hydrox – the joint venture company it set up with US firm Lowe’s to run Masters – to the privately owned […]
Westpac Banking Corp (ASX:WBC) HEFFX Highlights A $100 million class action has been filed against Westpac Banking Corporation over claims it overcharged customers for life insurance. Shine Lawyers filed the action in Federal Court yesterday, alleging the bank took advantage of its customers through referrals to Westpac financial planners who would then sign them up […]
Singapore Telecommunications Limited (SGX:Z74) HEFFX Highlights Singtel and Ericsson have joined forces to launch a Center of Excellence (CoE) to help the Republic gear up for the 5G mobile network switch. The duo will pump an initial S$2 million over the next three years into the CoE, which aims to spearhead the development of Singapore’s 5G […]
Twitter Inc (NYSE:TWTR) Trading Outlook Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are ranging. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 17.41. The projected upper bound is: 19.33. The projected lower bound is: 17.67. […]
Bank of America Corp (NYSE:BAC) Leasing Space In Paris, France Bank of America has signed a lease for office space in Paris, cementing plans to move its European trading hub to France after Brexit, Bloomberg reported on Wednesday, citing people familiar with the decision. BofA has agreed to rent about 100,000 square feet of space […]
Woolworths Limited (ASX:WOW) HEFFX Highlights Woolworths has finalised its exit from its disastrous Masters hardware venture by completing the sale of its store sites. The supermarket giant said it has completed the sale of Hydrox – the joint venture company it set up with US firm Lowe’s to run Masters – to the privately owned […]
Wesfarmers Ltd (ASX:WES) Trading Outlook News Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are ranging. By the way, prices are vulnerable to a correction towards 41.63. The projected upper bound is: 43.04. The projected lower bound is: 41.02. The projected closing price is: 42.03. Wesfarmers Limited is […]
Alibaba Group Holding Ltd (NYSE:BABA) HEFFX Highlights Alibaba says it will invest more than $15 billion over three years in global research program Alibaba announced it will invest more than $15 billion over the next three years in a global research and development program As part of the program, Alibaba will set up research labs […]
Twitter Inc (NYSE:TWTR) HEFFX Highlights Twitter confirmed it’s planning to launch a bookmarking feature to save tweets for later reading. The addition will help users keep a separate list of items they want to refer back to, instead of using the heart (aka “favorite”) button, which can indicate more of a “like” – similar to […]
Bank of America Corp (NYSE:BAC) Trading Outlook Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 24.63. The projected upper bound is: 26.81. The projected lower bound […]
Bank of America Corp (NYSE:BAC) HEFFX Highlights Bank of America plans to close another Des Moines area branch. The company said recently it will shutter the office at 501 E. Army Post Road in Des Moines on Nov. 14. “We are consolidating locations,” said Diane Wagner, company spokeswoman. More people are doing their banking online […]
NVIDIA Corporation (NASDAQ:NVDA) Trading Outlook Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 193.31. The projected lower bound is: 170.07. The projected closing price is: 181.69. Nvidia Corporation focuses on personal […]
BHP Billiton Limited (ASX:BHP) HEFFX Highlights The future of BHP Billiton boss Andrew Mackenzie has come under renewed scrutiny ahead of the miner’s AGMs, as its new chairman looks to further reshape the board. Investors have urged BHP to begin succession planning as Scottish-born Mr Mackenzie approaches his fifth anniversary as chief executive – and […]
Westpac Banking Corp (ASX:WBC) HEFFX Highlights WESTPAC have received backlash after encouraging their staff to vote Yes in the same-sex marriage plebiscite through a company wide email, which contained exaggerated information about LGBTI suicide rates in Australia. The email, sent by the bank’s Youth Network to Westpac and St George employees, stated that a Yes […]
Oversea-Chinese Banking Corp. Limited (SGX:O39) HEFFX Highlights OCBC’s 120,000 small and medium-sized enterprises e-banking customers will soon be able to speak to their Apple iPhone to activate a fund transfer. This will be possible with next Monday’s (Oct 9) roll-out of a new feature on its OCBC business mobile banking app that takes advantage of […]
Twitter Inc (NYSE:TWTR) HEFFX Highlights Overall, the bias in prices is: Upwards. Short term: Prices are stalling. Intermediate term: Prices are ranging. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 17.32. The projected upper bound is: 19.11. The projected lower bound is: 16.30. […]
Wesfarmers Ltd (ASX:WES) Trading Outlook Overall, the bias in prices is: Downwards. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 42.21. The projected lower bound is: 40.18. The projected closing price is: 41.20. Wesfarmers Limited is engaged in various business operations, such as supermarkets, liquor, hotels and convenience […]
Woolworths Limited (ASX:WOW) HEFFX Hightlights The consumer watchdog has delayed its final decision on BP’s proposed $1.8 billion acquisition of Woolworths’ 527 retail service station sites. The former proposed decision date of October 26 has been pushed back to November 30 to allow more time for analysis of data and information provided by all parties […]
Singapore Telecommunications Limited (SGX:Z74) Teams With Google Google will for the first time launch its Pixel smartphone in Singapore – making it the first Southeast Asian market to have the device. In the launch event here on Wednesday (Oct 4), Google announced that there are two models of its Pixel devices – the Pixel 2 […]
Oversea-Chinese Banking Corp. Limited (SGX:O39) HEFFX Highlights The facility, at OCBC Centre in Boat Quay, is run by the bank in partnership with NTUC First Campus, which manages The Little Skool-House childcare centre. Unlike most other such pre-schools, the OCBC facility provides dinner for the children and closes at 7.30pm. Others tend to shut their […]
BHP Billiton Limited (ASX:BHP) HEFFX Highlights The world’s largest mining company BHP Billiton said 2017 will be considered a tipping point for electric cars, boosting demand for commodities from copper to nickel. “I think if we look back in a few years we would call 2017 the tipping point of electric vehicles,” Arnoud Balhuizen, head […]
Singapore Telecommunications Limited (SGX:Z74) Offering Unlimited Data Singtel has become the latest telco to offer mobile plans with unlimited data. This comes two weeks after M1 and StarHub both launched unlimited data plans to cater to data-heavy users. In a statement yesterday, Singtel said its Singtel Combo 3, 6 and 12 mobile plans will be […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Fortescue Metals Group, the world’s No.4 iron ore miner, is looking to diversify its business by investing in energy infrastructure and exploring for gold and base metals, the head of the Australian company told Reuters on Wednesday. Chief Executive Neville Power who is due to step down in […]
Twitter Inc (NYSE:TWTR) To Testify On Russian Meddling Facebook, Google, Twitter asked to testify on Russian meddling Executives from Facebook, Alphabet’s Google, and Twitter have been asked to testify before the U.S. Congress in coming weeks. Lawmakers are probing Russia’s alleged interference in the 2016 U.S. election, committee sources said on Wednesday. A Senate aide […]
Bank of America Corp (NYSE:BAC) Chooses Executive To Run Post-Brexit EU Hub Bank of America Merrill Lynch is to relocate one of its top executives from New York to Dublin to head up its planned post-Brexit EU hub. The bank said in July that it aims to merge its existing Irish banking subsidiary with its […]
Westpac Banking Corp (ASX:WBC) HEFFX Highlights Westpac New Zealand is alleging the former wife of a Lane Walker Rudkin (LWR) kingpin was deceitful and fraudulent and wants $50 million. The bank’s court action came to light in a judgement released earlier this month by Associate Judge Rob Osborne in the High Court at Christchurch. Westpac […]
United Overseas Bank Ltd (SGX:U11) HEFFX Highlights Deputy chief inspector of the State Bank of Việt Nam Phạm Huyền Anh (second right) on Tuesday granted business licence to the Singapore’s United Overseas Bank Limited (UOB). — Photo SBV Viet Nam News HÀ NỘI — Deputy chief inspector of the State Bank of Việt Nam Phạm […]
Twitter Inc (NYSE:TWTR) Testing 280 Character Tweets The social media company announced Tuesday that it was testing tweets as long as 280 characters, double the previous amount of 140. However, the feature is only available to a select few at the moment, and is not available in Japanese, Chinese and Korean. “We want every person […]
Telstra Corporation Ltd (ASX:TLS) HEFFX Highlights Ericsson and Telstra have announced achieving the encryption of data while in transit over a 100Gbps link between Australia and the United States by using telecommunications equipment and software provider Ciena’s 100Gbps wire-speed ultra-low latency encryption solution. Using optical encryption technology, the companies claimed the ability to secure data […]
Twitter Inc (NYSE:TWTR) Not Removing ‘Newsworthy’ Tweets Twitter didn’t act to remove President Donald Trump’s tweet threatening North Korea in part because it is newsworthy, the company said today. Twitter says it will update its public guidance on what factors may lead to a tweet being pulled from the platform — or allowed to stay […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Fortescue Metals Group chief executive Nev Power will step down in February after seven years in charge of the mining company. The world’s forth-biggest iron ore exporter said Mr Power’s decision was consistent with its long-term succession plan to enter a period of growth in other business opportunities. […]
United Overseas Bank Ltd (SGX:U11) HEFFX Highlights Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are ranging. By the way, prices are vulnerable to a correction towards 23.32. The projected upper bound is: 24.09. The projected lower bound is: 22.83. The projected closing price is: 23.46. United Overseas […]
Wesfarmers Ltd (ASX:WES) HEFFX Highlights Wesfarmers boss Richard Goyder is going out on a high, taking home a record $12 million pay packet for his final full year at the helm of the retail conglomerate. The bumper pay packet brings the AFL commission chairman’s total remuneration since his appointment as Wesfarmer’s managing director in 2005 […]
Singapore Telecommunications Limited (SGX:Z74) HEFFX Highlights Singtel has been fined $150,000 for a fixed-lined telephone service disruption that left some 7,400 subscribers in Ang Mo Kio unable to make and receive calls for about five hours in 2015. This brings the total fines imposed on Singtel this year for fixed-line telephone service breakdowns to $350,000. […]
BHP Billiton Limited (ASX:BHP) HEFFX Highlights Andrew Mackenzie, boss of mining giant BHP Billiton, doubled his take-home pay this year, after the reinstatement of his short-term bonus. Mr Mackenzie earned $4.55m (£3.35m) in the year to June 30, compared with $2.24m the year before, the company’s annual report revealed. The rise was largely because BHP […]
Westpac Banking Corp (ASX:WBC) HEFFX Highlights All four of Australia’s biggest banks have decided to stop charging customers of other banks a $2 fee to withdraw cash from their ATMs. The Commonwealth Bank was the first to announced early on Sunday the abolition of the fee, citing ongoing consumer unhappiness with it. NAB, ANZ and […]
China Telecom Corporation Limited (HKG:0728) HEFFX Highlights China Telecom Ltd could participate in a plan to inject fresh capital into Oi SA, the Brazilian phone carrier under bankruptcy protection, a senior executive at the Brazilian firm said on Friday. Ricardo Malavazi Martins, Oi’s chief financial officer, said at the sidelines of an event in Rio […]
NVIDIA Corporation (NASDAQ:NVDA) HEFFX Highlights Red-hot Nvidia gets its most bullish Wall Street call yet due to A.I. Evercore ISI is optimistic about Nvidia’s market opportunity in artificial intelligence after meeting with the company’s management. “We are only at the cusp of AI’s growth potential and NVIDIA is creating THE AI computing industry standard,” the […]
Bank of America Corp (NYSE:BAC) HEFFX Highlights Bank of America is suing the U.S. government for $199.8 million the bank says it’s owed in interest it paid to the Internal Revenue Service. The suit, filed Wednesday in federal court in the Western District of North Carolina, centers on interest the Charlotte-based bank said it was […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Fortescue Metals Group, the world’s fourth largest iron ore exporter, said on Friday its chief executive Nev Power would step down in February after seven years in the role. The Australian mining group did not name a successor but said it was confident of finding a replacement for Mr […]
Westpac Banking Corp (ASX:WBC) HEFFX Highlights Australian bank Westpac has decided the time is right to bring its Distributed System Access service in-house, rather than continue an arrangement that saw it tended by IBM. The Register understands that Distributed System Access (DSA) is the Bank’s authentication infrastructure and is used to manage user accounts, group […]
Tencent Holdings Ltd (HKG:0700) HEFFX Highlights Spotify has long been linked with going public in the U.S. — it is speculated to be preparing for an IPO-less listing next year — but it has emerged that the company rebuffed the opportunity to sell to a major tech name earlier this year: Tencent, the Chinese internet […]