SINGAPORE (Jan 31): Here are some stocks that could move the market this Wednesday morning:
CapitaLand Retail China Trust (CRCT) announced a DPU of 2.37 cents for 4Q17, bringing total FY17 DPU to 10.10 cents, 0.5% higher than FY16. The 4Q17 DPU of 2.37 cents, though flat compared to 4Q16, included 1.54 cents paid on Dec 21 2017 for the period Oct 1 2017 to Dec 6 2017. The balance DPU for the quarter of 0.83 cents will be paid out on Feb 23. The book closure date is Feb 8. In SGD terms, gross revenue for 4Q17 decreased 4.6% to $54.1 million from 4Q16.
CapitaLand Retail China Trust's FY17 DPU comes in at 10.1 cents
OUE Hospitality Trust (OUE H-Trust) has announced distribution per stapled security (DPS) of 1.27 cents for the 4Q ended December, a decline of 6.6% from DPS of 1.36 cents a year ago. This bring DPS for the full year to a record 5.14 cents, 11.5% higher than DPS of 4.61 cents a year ago. Units of OUE H-Trust closed half a cent higher at 88.5 cents on Tuesday.
Koh Wee Meng, chief executive of Fragrance Group, now owns 53.05% of TMC Education at the close of his offer for the education provider. The property tycoon can now proceed to undertake a review of TMC's business and identify areas in which the strategic direction and operations of the group can be enhanced. Shares in TMC closed at 8.4 cents on Tuesday.
Koh Wee Meng owns 53.05% of TMC Education at close of offer
Sunpower Group, the environmental protection solutions specialist, says that its wholly-owned subsidiary, Jiangsu Sunpower Technology has won a tender worth RMB30.9 million ($6.4 million) to provide flue gas desulphurisation (FGD) engineering, procurement and construction (EPC) services to Qinghai Damei Coal Industry. Shares in Sunpower closed 1 cent lower at 58 cents on Tuesday.
Sunpower secures flue gas desulphurisation EPC tender worth $6.4 mil
Hong Leong Asia’s wholly-owned subsidiary, HL Building Materials, has established a 51%-owned joint venture (JV) company with Malaysia’s Sunway Construction Group (SunCon) for $25,000. Shares in Hong Leong Asia closed 4 cents lower at $1.14 on Tuesday.
Hong Leong in JV with Malaysian construction group to expand precast business
Markets
Wall Street stocks tumbled for a second straight session on Tuesday, with the Dow posting the largest decline since May, as health care shares sank on worries about Amazon's push into the sector. The Dow Jones Industrial Average fell 1.4% to 26,076.89, the biggest drop in percentage terms in more than eight months. The broad-based S&P 500 fell 1.1% to 2,822.43, while the tech-rich Nasdaq Composite Index shed 0.9% to 7,402.48.
The Straits Times Index finished 28.3 points or 0.8% lower at 3,548.74 on Tuesday. Some 3.2 billion shares worth $1.6 billion were transacted versus Monday's 2.3 billion shares worth $1.3 billion. Losers outnumbered gainers 324 to 150.
