CapitaLand, Jumbo, HC Surgical, ISR Capital, Midas

CapitaLand, Jumbo, HC Surgical, ISR Capital, Midas

PC Lee
04/01/17, 08:32 am

SINGAPORE (Jan 4): Here are some stocks that could move the market this Wednesday morning:

CapitaLand in alleged lease dispute with UK art gallery

Jumbo to open seafood restaurants in Vietnam

HC Surgical posts 92% fall in half-year earnings on higher expenses

John Soh-linked ISR Capital’s CEO Quah Su Yin resigns

Midas awarded new contracts worth $369 mil

Wall Street rose sharply on Tuesday as a post-election rally extended into the new year. The Dow Jones Industrial Average climbed 119.16 points, or 0.6%, to end at 19,881.76 points and the S&P 500 gained 0.85% to 2,257.83. The Nasdaq Composite added 0.85% to 5,429.08.

The benchmark Straits Times Index ended Tuesday 0.6% or 18.21 points higher at 2,988.97 on its first trading day of 2017. Volume of stocks traded was nearly 1.8 billion valued at $798 million. Gainers outnumbered loses 242 to 158.

CapitaLand Mall Trust upgraded to 'buy' by UOB on Jurong Lake District plans, Funan launch

SINGAPORE (May 27): CapitaLand Mall Trust will benefit from the development of Jurong Lake District (JLD) as it has three retail malls located within Jurong Gateway, says UOB KayHian. See: CapitaLand Mall Trust declares 3.6% higher DPU of 2.88 cents on higher income IMM Building, JCube and Westgate, which in total accounts for 20% of CMT’s portfolio valuation, are located within Jurong Gateway and adjacent to Jurong East MRT station. Meanwhile, Funan, which is about 90% pre-committed for retail space and 98% pre-committed for office space, is scheduled to open next month. See als....

Time to 'buy' MindChamps as growth initiatives bear fruit: RHB

SINGAPORE (May 27): RHB Research continues to keep MindChamps Preschool at “buy” at a lower target price of 83 cents compared to 87 cents previously, indicating a 26% upside plus 2.2% yield. The reduced target price comes after cutting FY19-20F earnings by 7% and 11%, respectively, upon management indications that adopting SFRS 16 has negatively impacted the group’s 1Q19 pre-tax profit by about $90 million or -15%. In a May 17 report, analyst Juliana Cai says she nonetheless remains positive on MindChamps as she expects the group to start reaping returns from its investments as its....

Ascendas-Singbridge establishes co-innovation lab with IMDA & Enterprise Singapore

SINGAPORE (May 27): Singapore’s smart nation ambitions have been further bolstered by a new partnership between Ascendas-Singbridge, Infocomm Development Authority of Singapore (IMDA) and Enterprise Singapore (ESG) to form the Smart Urban Co-Innovation Lab. All three parties are looking to have a total of 30 co-innovation projects come out from the lab, which is expected to be launched at the end of the year as the first developer-led lab in Southeast Asia. This announcement follows last year’s call for innovation led by IMDA, Ascendas and JTC. Ascendas has published 12 probl....