CFA Society Singapore
SINGAPORE (Feb 7): Here are some stocks that could move the market this Monday morning.
Auric Pacific Group has received a privatisation offer of $1.65 per share from Silver Creek Capital, an entity jointly owned by Dr Stephen Riady and Dr Andy Adhiwana. The offer values the company at $208 million. Auric Pacific last closed at $1.455.
A consortium led by GSH Corporation has entered into a binding term sheet with Hong Kong-listed Fullshare Holdings for the proposed sale of the consortium's investment vehicle, Plaza Ventures which owns owns GSH Plaza, at $725.2 million. Shares in GSH closed at 53.5 cents on Monday.
Wing Tai Holdings reported a 3% rise in half year earnings to $3.19 million, as a sharp fall in revenue from development properties was mitigated in part by gains from its Uniqlo joint venture in Singapore and Malaysia. Shares in Wing Tai closed at $1.785 on Monday.
First Sponsor Group has reported earnings of $113.1 million for FY16, a 67.9% improvement over the earnings of $67.4 million in FY15. Revenue fell 11.7% to $189.7 million. Shares in First Sponsor closed at $1.325 on Monday.
RHT Health Trust has declared a distribution per unit of 1.25 cents for 3QFY17, a 30.9% decrease from the 1.81 cents declared in 2QFY17. Shares in RHT Health Trust closed at 92.5 cents on Monday.
XMH Holdings’s wholly-owned subsidiary XMH Engineering entered into an MOU with Myanmar MarcoPolo Co. (MMP) to incorporate a JV company in Myanmar. XMH shares closed at 29 cents.
Wall Street stocks retreated on Monday with petroleum-linked shares falling on lower oil prices. The Dow Jones Industrial Average shed 0.1% to end the day at 20,052.42. The broad-based S&P 500 declined 0.2% to 2,292.56, while the tech-rich Nasdaq Composite Index dropped 0.1% to 5,663.55.
The Straits Times Index closed 14.97 points higher at 3,056.91. Turnover amounted to 2.7 billion units worth $1.24 billion, in line with the daily averages of the past month. Excluding warrants there were 278 rises versus 147 falls.