Singapore should see a stronger day today and Shayne Heffernan best buys in Singapore today are Golden Agri-Resources down 1.5 per cent yesterday to S$0.670 and Noble Group which fell 0.9 per cent to S$2.20.
Golden Agri-Resources Ltd (GAR) is an investment holding company. Its primary activities include cultivating and harvesting oil palm trees, processing fresh fruit bunches into crude palm oil (CPO) and palm kernel (NYSE:PK) and refining CPO into industrial and consumer products. GAR operates in two segments: Indonesia Agri-business, which is engaged in the ownership and cultivation of oil palm plantation, ownership and operation of mills and refineries and producer of consumer cooking oil and margarine in Indonesia and China Agri-business, which is engaged in refinery, port, storage and oilseed crushing operations in China.
Noble Group Limited is an investment holding company. Its subsidiaries, jointly controlled entities and associates comprise managing the global supply chain of agricultural, industrial and energy products; ship ownership, chartering and the provision of technical ship management services; trade finance; coal mining, soybean and sugar cane crushing activities and ethanol production. It has two segments: Agriculture, which includes grain, coffee, cocoa, cotton, sugar and fertilizer product divisions; Energy, which includes coal and coke, oil and gas (which includes ethanol), petrochemical (which includes polymers), and carbon credits product divisions; metals, minerals and ores, which includes iron ore, ferro alloys/manganese ore/chrome ore, alumina/aluminum and steel products product divisions, and logistics, which comprises vessel chartering, vessel ownership and vessel management.
In Singapore yesterday The Straits Times Index rose 0.07 per cent or 2.31 points to end at 3,184.99.
Volume was 1.03 billion shares.
In the broader market, losers led gainers 262 to 194.
CapitaLand advanced 0.29 per cent to S$3.42, while City Developments climbed 1 per cent to S$11.74.
DBS was up 0.13 per cent at S$14.92, while Neptune Orient Lines dipped 0.53 per cent to S$1.89.
Shayne Heffernan oversees the management of funds for institutions and high net worth individuals.
Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.
For More Information Contact
Chutinush Taksinapinunt (ANISTA)
Business Development Director
Heffernan Capital Management