CFA Society Singapore
SINGAPORE (April 17): Here are some stocks that could move the market this Monday morning.
Frasers Property International, a subsidiary of Frasers Centrepoint Limited, is acquiring an 86.56% stake in Geneba Properties N.V. for $471.6 million. Following the acquisition, Frasers Property has also agreed to make an all-cash offer for the remaining 13.44% free-float interest in Geneba at an equivalent offer price of EUR 3.67 per depositary receipt.
Ascott Residence Trust, through subsidiary Zenith Residences Tokyo Tokutei Mokuteki Kaisha (Zenith TMK), is divesting its interests in 18 rental housing properties under Zenith TMK’s portfolio in Tokyo, Japan, for 12 billion yen ($153.6 million) to Nikko Zenith GK9. Units of ART closed 0.5% lower at $1.09 on Thursday.
SATS on Thursday launched its new eCommerce AirHub, a $21 million facility ranging 6,000 sq m co-funded by the Civil Aviation Authority of Singapore (CAAS). Shares of SATS closed 2 cents lower at $4.81 on Thursday.
USP Group had on April 7 received a letter from the solicitors representing one of the two requisitioning members. USP says the letter encloses a notice of Extraordinary General Meeting (EGM) on May 8 2017 at 2.30 pm at Conference Room 2, TKP Conference Centre Raffles Place, 55 Market Street #03-01. Shares of USP closed 2 cents higher at 17 cents.
Major US stock indexes fell on Thursday for a third straight day as investors weighed earnings reports from big US banks and geopolitical tensions, while the tech sector fell for a tenth consecutive session. The Dow Jones Industrial Average fell 138.61 points, or 0.67%, to 20,453.25, the S&P 500 lost 15.98 points, or 0.68%, to 2,328.95 and the Nasdaq Composite dropped 31.01 points, or 0.53%, to 5,805.15.
Singapore stocks closed weaker on Thursday. The Straits Times Index closed 16.77 points or 0.53% lower at 3,169.24. Volume of shares traded was nearly 2.2 billion with a value of $996.3 million. Losers outnumber gainers 315 to 158.