Singapore opened this morning as a hot spot.

• Singapore stock market opened higher on Monday.

• The first day of trading of Yikang HealthcareIt is up 5% at present.

• The shift of investors to value stocks will push the sea index higher.

• The undercurrent of Hengwei's board of directors is surging.

• Follow stocks on Monday:Shengke Industry, Jibao Enterprises, Thai Brewery, Yikang Healthcare, Shanghai Industrial Environment Holdings, Hengwei Group

-Moomoo News Team

Opening snapshot

The Singapore stock market continued to rise at the start of trading today (April 19).

As of 9: 09 a.m.$FTSE Singapore Straits Time Index (.STI.SG) $At 3205.46 points, it edged up 0.12% or 3.70 points. The total trading volume was 200 million shares, with a trading volume of 172.33 million yuan, with 40.45 million rising stocks and 52 declining stocks.

Today's hot spot

The first day of trading in Yikang Healthcare is up 5%.

Econ Healthcare shares rose to 0.295 yuan on the first day of trading on the Kelly board today, 1.50 cents or 5.36 per cent higher than the initial public offering (IPO) price.

Its initial public offering was 4.1 times subscribed. Of the 1.8 million shares subscribed by the public, a total of 100 56.5 million shares were subscribed, which is equivalent to a subscription rate of 86.9 times. The Group issued 50 million shares at 28 cents per share, raising a net capital of 11.5 million yuan, which is planned to be used to expand its business in Singapore and overseas.

The shift of investors to value stocks will push the sea index higher.

The momentum of investors moving away from growth stocks to value stocks is expected to push Singapore's Straits Times index higher.

Analysts believe that although the HI has been ahead of the ASEAN stock market so far this year, it is still one of the markets with the lowest valuations in ASEAN, so it is expected to rise further after the consolidation of the current level. The sea index may reach the target of 3537 points within 12 months.

Growth stocks are stocks that are considered likely to outperform the market over a period of time, while value stocks are classified as stocks whose current trading price is lower than their actual value.

The undercurrent of Hengwei's board of directors is surging.

Two major shareholders of Hanwell, a locally listed company, have increased their stakes, prompting the share price to rise. Hengwei's shares have risen 48 per cent so far this year, the highest closing record since 2007.

Two major shareholders increased their shareholdings, triggering market speculation and expectation on the equity changes of Hengwei Group. But little is known about the current undercurrent of Henderson's board of directors, and the results of the upcoming annual general meeting of shareholders and the election of directors on April 29 may play a key role in the future development of Henderson and the trend of its share price.

Can pay attention to the stock

1.Shengke Industry (Sembcorp Industries)It was announced this morning (19th) that it had received a notice from Eastman Chemical Singapore (Eastman Chemical) to terminate the public utility service contract. Shengke has been supplying utility services to the customer since 1999, but as the customer withdrew from its manufacturing business on Jurong Island, it terminated the service contract.

In fiscal year 2020, about 5 per cent of Shengke's net profit from continued operations (excluding special accounts) came from Eastman Chemical. Shengke Industries closed at 1.94 yuan last Friday.

2.Gebao Enterprise (Keppel Corp)The contract for the construction of a floating production and storage tanker (FPSO) is being "in-depth negotiations" with Brazilian state oil company Petrobras. Keppel disclosed the news in response to industry media reports after the market closed on Friday. The floating production and storage tankers will be deployed in the Buzios oil field off the coast of Brazil.

According to industry media reports, Petrobras is fighting for two Asian shipyards to cut the price of contracts for the construction of floating production and storage tankers, with a deal of US $4.6 billion (S $6.1 billion) nearly finalised. However, Keppel said in a statement tonight that it had not yet signed a final binding contract with Petrobras. Keppel closed at 5.43 yuan last Friday.

3.Thai Brewery (Thai Beverage)In view of the "currently uncertain market conditions and volatile prospects, as well as the deterioration of the epidemic in Thailand and other countries", it was decided to postpone the plan to spin off BeerCo's beer business to the main board of the Singapore Exchange.

Thai Brewery revealed after the market closed on Friday that it made the decision after consulting its financial advisers to temporarily postpone the listing. It feels that the current situation is not good for the listing of its beer business. Thai Brewery will closely monitor the market situation, evaluate and explore plans to maximize shareholder value. This plan for spin-off and listing will be reviewed in due course. Thai brewery closed at 0.745 yuan last Friday.

4.Yikang Healthcare (Econ Healthcare)It's the first day of trading on the Kelly board today. Its initial public offering (IPO) received a subscription rate of 4. 1 times. Of the 1.8 million shares subscribed by the public, a total of 100 56.5 million shares were subscribed, which is equivalent to a subscription rate of 86.9 times. The Group issued 50 million shares at 28 cents per share, raising a net capital of 11.5 million yuan, which is planned to be used to expand its business in Singapore and overseas.

5.Shanghai Industrial Environment Holdings (SIIC Environment)After closing the market on Friday, it revealed that it had obtained an 80,000-ton sewage treatment project, a 30,000-ton reclaimed water project and a 50,000-ton pretreatment project in Jiaxing City, Zhejiang Province. This is the agreement signed by Pinghu Dushan sewage treatment Company, which is indirectly owned by Pinghu City, with a total investment of 700 50 million yuan (S $155.6 million) and a franchise period of about 25 years. Shanghai Industrial Co., Ltd. closed at 0.21 yuan last Friday.

6.Henway Group (Hanwell)At present, the undercurrent of the board of directors is surging, and it is said that the two major shareholders are competing to increase their shareholdings, and the annual shareholders' meeting to be held on April 29 will strive to control the company. Hengwei Group closed the market at 0.43 yuan last Friday.