SINGAPORE (Apr 23): Here are some stocks that could move the market this Monday morning:
China Jinjiang Environment reported 1Q18 earnings fell 20.9% to RMB 100.8 million ($21.1 million) from RMB 127.4 million in 1Q17 on lower sales and higher cost of sales and finance costs. Revenue increased by 35.4% to RMB 754.9 million from RM 557.6 million a year ago. Shares in China Jinjiang last traded at 53 cents on Friday.
China Jinjiang's 1Q earnings fall 21% to $21.1 mil; acquires stake in Brazilian WTE firm
Singapore Exchange (SGX) saw its earnings grow 21% to hit a decade-long high of $100.5 million for the 3Q18 ended March, from $83.1 million a year ago. Operating revenue rose 9.6% to $222.2 million in 3Q18, from $202.7 million a year ago. Shares of AusGroup closed 0.1 cent up, or 2% higher, at 5 cents on Friday.
SGX's 3Q earnings up 21% to hit 10-year-high of $100.5 mil
CapitaLand Mall Trust (CMT) has declared a 1Q18 distribution per unit (DPU) of 2.78 cents, 1.8% higher than its 1Q DPU of 2.73 cents a year ago on higher revenue and lower property expenses and finance costs. CMT closed at $2.10 per unit on Friday.
CapitaLand Mall Trust posts 1.8% rise in 1Q DPU to 2.78 cents
AusGroup’s subsidiary, AGC Industries, has been awarded a contract worth A$27 million ($27.4 million) for a structural, mechanical and piping installation package in Western Australia. Shares of AusGroup closed 0.1 cent up, or 2% higher, at 5 cents on Friday.
Declout says that Melvin Poh, the founder of property group, Fission Group, is now the second-largest shareholder. Poh acquired 78.15 million DeClout shares from the previous second-largest shareholder, in an off-market transaction on Apr 17 for 11.8 cents each. The acquisition price is 35.6% over the Apr 13 closing price. Over the next three days, Poh acquired a further 2.65 million shares at 9 cents each from the open market. Shares in DeClout last traded at 9.2 cents on Friday.
Founder of Fission Property Melvin Poh emerges as Declout's second-largest shareholder
Goldilocks, which owns 8% of Noble Group, says it is working on an alternative plan with other investors to keep the embattled commodities firm afloat. The Abu Dhabi-based investment fund says a specific proposal is currently being developed that will be shared with all stakeholders. Noble shares closed 0.3 cent lower at 10 cents on Friday. Noble shares closed 0.3 cent lower at 10 cents on Friday.
Goldilocks says working on alternative plan to keep Noble afloat
Markets
Weakness among tech stocks drove Wall Street equities lower for a second session, following a slide on Thursday by Apple Inc and its suppliers. The Dow Jones Industrial Average fell 201.95 points, or 0.82%, to 24,462.94, the S&P 500 lost 22.99 points, or 0.85%, to 2,670.14 and the Nasdaq Composite dropped 91.93 points, or 1.27%, to 7,146.13.
The Singapore market closed lower on Friday, with the key Straits Times Index down 25.35 points or 0.7% to finish at 3,573.38. Some 1.5 billion shares worth $1.4 billion were traded. Losers outnumbered gainers 271 to 144.
