Home THE DAILY EDGE Business Aug 26: Sembcorp, Yangzijiang, Sim Lian, Parkway, Olam, Cosco
Aug 26: Sembcorp, Yangzijiang, Sim Lian, Parkway, Olam, Cosco

Tags: Chip Eng Seng Corp | Chip Eng Seng Corp. | Cna Group | Cosco Corp | Cosco Corp (Singapore) | Cosco Corp. | Cosco Corp. Singapore | Cosco Corporation | Cosco Corporation (S) | Cosco Corporation (Singapore) | Olam International | Parkway | Parkway Hldgs | Parkway Holdings | Sembcorp Industries | Sim Lian Group | Yangzijiang | Yangzijiang Shipbldg Hldgs | Yangzijiang Shipbuilding

Written by The Edge   
Thursday, 26 August 2010 08:23
smaller text tool iconmedium text tool iconlarger text tool icon

Singapore stocks may open higher on Thursday after Wall Street shares broke a four-day losing, as key technical support triggered bargain hunting that offset weak economic data. Singapore’s benchmark Straits Times Index <.FTSTI> rose 0.13% on Wednesday to 2,926.55 points. Here are some stocks and factors to watch:

Sembcorp Industries (SCI SP): The conglomerate which gets 44 percent of revenue from utilities said it will invest $800 million to build a multi-utility facility and a power plant for Jurong Aromatics Corp., which signed a 20-year deal to use the facilities. Sembcorp Industries gained 1% to $4.13.

Yangzijiang Shipbuilding (YAZG.SI), a Singapore-listed Chinese shipbuilding firm, may be in focus after it said planned to raise as much as NT$4.56 billion ($143 million) in a dual listing in Taiwan, making it the first Chinese firm to sell shares on the island.

Sim Lian Group
(SLG SP): The Singapore-based property developer said full-year profit increased to $104.4 million from $38.7 million a year earlier. Separately, the company said it has proposed a one-for-two bonus issue. The stock was unchanged at 52 cents.

Singapore healthcare operator Parkway Holdings (PARM.SI) said on Wednesday it had appointed a new chairman and two new directors. Richard Seow, who was chairman and vice chairman of Parkway for five years, resigned from the board.

Singapore commodities firm Olam International (OLAM.SI) said on Wednesday that the New Zealand Overseas Investment Office had granted consent for its takeover offer for the shares of New Zealand agricultural company NZ Farming Systems Uruguay (NZS.NZ) that it does not already own.

Shipping firm Cosco Corporation (COSC.SI) said on Wednesday it had delivered a bulk carrier to its European buyer. The delivery documents were signed by Cosco’s subsidiary and the buyer on Tuesday.

CNA Group (CNA SP): The supplier of building automation systems said it won contracts valued at $11.4 million from customers in China, Singapore and Vietnam. The stock declined 2.2% to 22.5 cents.

Chip Eng Seng Corp. (CHIP SP): The construction company said it has won a contract valued at $142 million for the construction of public housing on Punggol Rd. in northeastern part of Singapore. Chip Eng Seng gained 1.4% to 36 cents.

Quote this article on your site

To create link towards this article on your website,
copy and paste the text below in your page.




Preview :


Last Updated on Thursday, 26 August 2010 08:25