Home THE DAILY EDGE Business Jan 15: AusGroup, Ezra, Parkway Holdings
Jan 15: AusGroup, Ezra, Parkway Holdings

Tags: Ausgroup | China Fishery Group | Ezra Holdings | Financial One Corp. | Golden Agri-Resources | Indofood Agri Resources | Parkway Holdings | Wilmar International

Written by The Edge   
Friday, 15 January 2010 08:55
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The following companies may have unusual price changes in trading today, say Bloomberg and Thomson Reuters. The Straits Times Index gained 0.7% to 2,909.52 last evening.

Technology shares drove Wall Street higher last night on bets ahead of Intel’s quarterly results that business spending will bolster profits in the sector.

Palm oil suppliers: Crude palm oil for March delivery added 0.8% in Kuala Lumpur yesterday, snapping losses of 7.1% in the past five days. Golden Agri-Resources (GGR SP), the world’s second-biggest palm oil producer, gained 0.9% to 59.5 cents. Indofood Agri Resources (IFAR SP), the palm oil unit of Indonesia’s biggest noodle maker, lost 0.8% to $2.40. Wilmar International (WIL SP), the world’s biggest palm oil trader, was unchanged at $7.04.

AusGroup (AUSG SP): The provider of engineering services to the mining and oil and gas industries said it won a contract from Apache Energy The contract, worth A$5 million ($6.5 million) annually, will be for an initial term of three years, with an option to renew for another two years. AusGroup was unchanged at 68.5 cents.

China Fishery Group (CFG SP): The fishing fleet operator was downgraded to “neutral” from “buy,” citing valuation concerns. China Fishery advanced 9.9% to $1.88.

Ezra Holdings (EZRA SP): The provider of offshore logistics services to the oil and gas industry said first-quarter net income climbed 93% to US$18.4 million ($25.5 million) from a year earlier. Separately, the company said it won a US$12 million contract to provide maintenance services for an identified customer. Ezra gained 4.4% to $2.61.

Parkway Holdings (PWAY SP): Singapore’s biggest hospital operator said it agreed to sell 49% of Gleneagles CRC Pte., a clinical research company, to Japanese trading house Mitsui & Co. for $6.5 million. Parkway, whose stake in Gleneagles CRC will be reduced to 51%, lost 0.7% to $2.94.

Financial One Corp (FNON.SI) said yesterday it is seeking investors to buy up to 20% in its Chailease Holding subsidiary, which Financial One is considering listing on the Taiwan Stock Exchange.

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Last Updated on Friday, 15 January 2010 08:58