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Techcomp shares soar to record high on news of pending split
SINGAPORE (Apr 25): Shares of Techcomp (Holdings) surged as much as 78% to 66 cents on Wednesday, after the laboratory equipment manufacturer announced a proposed group reorganisation which would see it split into two parts. This comes after Baodi International Investment Company, a firm linked to the government of China’s Yunnan province, last week agreed to buy over some 61.6% of the SGX ...
Civmec awarded contract for Australian offshore patrol vessel project
SINGAPORE (Apr 16): Civmec has won a contract from Luerssen Australia, a subsidiary of German shipbuilder Lürssen, to supply and process steel for all 12 vessels to be built for Australia’s SEA 1180 Offshore Patrol Vessel (OPV) project. While the value of the latest contract with Luerssen was not specified, Civmec says its order book now stands in excess of A$800 million ($815.8 million) ...
Kingboard Copper Foil triggers SGX query as share price jumps on unusual trading volume
SINGAPORE (Apr 9): Singapore Exchange (SGX) has issued a query to China-based copper foil producer Kingboard Copper Foil Holdings after unusual volume movements in the trading of its shares. As at 4.06pm on Monday, some 40.5 million Kingboard Copper Foil shares have changed hands. Its share price has jumped 7 cents, or 18.4% higher, to a decade-high 45 cents. In a filing to SGX at 2.24pm, ...
Venture Corp up $1.02 after UOB Kay Hian's target price upgrade
SINGAPORE (Feb 26): Shares in Venture are up by $1.02 or 3.8% to $27.68 on Monday with 2 million shares traded after UOB Kay Hian called a "buy" call on the stock with a higher target price of $31.88. UOB reported last week the company is the manufacturer of a leading consumer device which has potential revenue in excess of $2.5 billion per year. "Our findings without input from management ...
Creative Technology skyrockets 147% on 'holy grail'
SINGAPORE (Feb 23): Shares in Creative Technology have skyrocketed by 147% to $3.09, with some 4.7 million shares changing hands as at 3.43pm. Climbing by $1.84 to a two-year high, the surge triggered a query from Singapore Exchange (SGX) on unusual price movements on Friday morning. According to Creative's response to the bourse, this follows media reports on its new Super X-Fi ...
Sembcorp Marine shares fall 9.5% after results disappoint
SINGAPORE (Feb 22): Shares of Singapore's SembMarine fell as much as 9.5% on Thursday, a day after the company swung to a loss in its fourth quarter on the back of lower business volumes, and posted a smaller-than-expected annual profit. As at 3.26pm, shares of the company were trading down 25 cents at $2.38, their weakest level in a week. The stock had risen nearly 44% so far this year before ...
Y Ventures shares up as high as 75 cents; prompts SGX query
SINGAPORE (Feb 21): Y Ventures Group has been queried by the Singapore Exchange (SGX) for its “unusual price movements” after shares in the e-commerce company climbed as high as 75 cents on Wednesday morning, up 10.4% from its opening price of 68 cents. As at 3:43pm, shares in Y Ventures are trading 6.62% higher at 72 cents. In July 2017, it was reported by The Edge Singapore that Y ...
Delong is third top gainer after positive profit guidance
SINGAPORE (Feb 21): Delong Holdings is the third top gainer on the Singapore market this morning after announcing a positive profit guidance. As at 11.57am, shares in steelmaker are up 38 cents or 9.8% to $4.24 with 469, 200 shares traded. In a Tuesday night filing, Delong says it expects to report a significant increase in net profit in 4Q17 and FY17 compared to the corresponding year, ...
SGX shares opens near 7% lower on Nifty futures exit news
SINGAPORE (Feb 12): Shares in Singapore Exchange (SGX) opened at $7.40 -- nearly 7% lower than its Friday closing price of $7.89 -- following news that the Indian stock exchanges are intending to restrict the usage of Indian indices and market data by foreign exchanges, indices and data providers.    The move will prevent SGX from continuing to offer derivatives ...
Noble Group shares tumble on debt restructuring plan
SINGAPORE (Jan 30): Shares in Noble Group fell on Tuesday after it struck a deal with a group of creditors to restructure US$3.5 billion ($4.6 billion) of its debt in exchange for 70% of the firm, with existing equity holders' combined stake diluted to only 10%. See: Noble reaches in-principle deal to restructure debt; Iceberg urges creditors to reject In early Tuesday trade, Noble shares ...