Auric Pacific, GSH Corp, Wing Tai, RHT Health Trust

Auric Pacific, GSH Corp, Wing Tai, RHT Health Trust

PC Lee
07/02/17, 08:55 am

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.

See Stephen Riady makes cash offer to take Auric Pacific private

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.

See GSH-led consortium to divest GSH Plaza for $725.2 mil

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.

See Wing Tai earnings grow 3% to $3.2 mil for 1H17

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.

See First sponsor FY16 earnings jump 68% to $113 mil

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.

See RHT Health Trust declares 3Q DPU of 1.25 cents, 31% lower on quarter

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.

See XMH Holdings in JV to break into Myanmar market

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.

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