Here are some stocks to look forward to this morning:
Midas Holdings, the manufacturer of aluminium alloy extruded products for passenger rail transportation sector in China, says it has won three contracts worth RMB66.7 million ($14.7 million) from two China-based companies. Shares of Midas ended at 22.5 cents on Monday.
Kingsmen Creatives, the interior fit-out specialists for retail stores, theme parks and museums, says it has acquired 5,251 sqm of vacant leasehold land at Plot 19 in Changi Business Park for about $7.1 million from JTC Corporation. Kingsmen Creatives intends to construct a multi-storey building on the property which will serve as the group’s new headquarters. Kingsmen Creatives closed at 78.5 cents on Monday.
Silverlake Axis, the Malaysia-based IT services provider says 2Q earnings nudged up 1% to RM74.7 million ($24.8 million) from RM 74.3 million a year ago. Revenue fell 8% to RM126.37 million from RM138.04 million a year earlier. Silverlake Axis, which is still suspended, last closed at 63.5 cents. The company made no mention of the short-seller report that was said to have triggered a 27% intra-day fall last Friday.
800 Super Holdings’ earnings nearly doubled to $17.56 million in the financial year ended June 30, 2015, from $8.97 million a year ago. The significantly improved bottomline came on the back of higher revenue and a one-time gain from sale of a property, says the environmental services provider. Revenue jumped 22% to $140.3 million from $115 million previously, mainly due to the award of new contracts and contracts re-awarded at revised pricing. Shares of 800 Super ended at 40 cents.
SunMoon Food Company’s own brand fruit cups are now available on Amazon.com, the fresh fruit and dehydrated produce company says. Items available include “Mandarin oranges with goji berries in apple juice”, “Pineapple in coconut water” and “Peaches with chia seeds in apple juice”, among others. Shares of SunMoon ended at 4.2 cents.
AP Oil International, the specialty chemicals and oils manufacturer, has incorporated a new subsidiary in China. The group will hold 51% of the registered capital of the new subsidiary, known as AP Oil Singapore (Chongqing). The remaining 49% will be held by Chongqing New Era Lubricant Co. Shares of AP Oil closed at 24 cents on Aug 24.
Market watch
Investors rattled about China sent US stock indices almost 4% lower on Monday in an unusually volatile session that confirmed the S&P 500 was formally in a correction, even after a dramatic rebound by Apple.
The Dow Jones industrial average briefly slumped more than 1,000 points, its most dramatic intraday trading range ever.
At the close, the Dow was down 588.4 points, or 3.57%, at 15,871.35. The S&P 500 lost 77.68 points, or 3.94%, to 1,893.21, putting it formally in correction mode. An index is considered to be in correction when it closes 10% below its 52-week high. The Dow was confirmed to be in a correction on Friday. The Nasdaq Composite dropped 179.79 points, or 3.82%, to 4,526.25, also in correction.
The CBOE Volatility index, popularly known as the "fear index", briefly jumped as much as 90% to 53.29, its highest since January 2009.
In Singapore, the Straits Times Index ended the day 4.30% lower at 2,843.39, the worst one-day drop in almost seven years since Oct 24, 2008. Market breadth was negative in the broader market. Decliners outnumbered gainers 523 to 50. A total of 1.85 billion shares worth $1.89 billion changed hands.
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Midas Holdings, the manufacturer of aluminium alloy extruded products for passenger rail transportation sector in China, says it has won three contracts worth RMB66.7 million ($14.7 million) from two China-based companies. Shares of Midas ended at 22.5 cents on Monday.
Kingsmen Creatives, the interior fit-out specialists for retail stores, theme parks and museums, says it has acquired 5,251 sqm of vacant leasehold land at Plot 19 in Changi Business Park for about $7.1 million from JTC Corporation. Kingsmen Creatives intends to construct a multi-storey building on the property which will serve as the group’s new headquarters. Kingsmen Creatives closed at 78.5 cents on Monday.
Silverlake Axis, the Malaysia-based IT services provider says 2Q earnings nudged up 1% to RM74.7 million ($24.8 million) from RM 74.3 million a year ago. Revenue fell 8% to RM126.37 million from RM138.04 million a year earlier. Silverlake Axis, which is still suspended, last closed at 63.5 cents. The company made no mention of the short-seller report that was said to have triggered a 27% intra-day fall last Friday.
800 Super Holdings’ earnings nearly doubled to $17.56 million in the financial year ended June 30, 2015, from $8.97 million a year ago. The significantly improved bottomline came on the back of higher revenue and a one-time gain from sale of a property, says the environmental services provider. Revenue jumped 22% to $140.3 million from $115 million previously, mainly due to the award of new contracts and contracts re-awarded at revised pricing. Shares of 800 Super ended at 40 cents.
SunMoon Food Company’s own brand fruit cups are now available on Amazon.com, the fresh fruit and dehydrated produce company says. Items available include “Mandarin oranges with goji berries in apple juice”, “Pineapple in coconut water” and “Peaches with chia seeds in apple juice”, among others. Shares of SunMoon ended at 4.2 cents.
AP Oil International, the specialty chemicals and oils manufacturer, has incorporated a new subsidiary in China. The group will hold 51% of the registered capital of the new subsidiary, known as AP Oil Singapore (Chongqing). The remaining 49% will be held by Chongqing New Era Lubricant Co. Shares of AP Oil closed at 24 cents on Aug 24.
Market watch
Investors rattled about China sent US stock indices almost 4% lower on Monday in an unusually volatile session that confirmed the S&P 500 was formally in a correction, even after a dramatic rebound by Apple.
The Dow Jones industrial average briefly slumped more than 1,000 points, its most dramatic intraday trading range ever.
At the close, the Dow was down 588.4 points, or 3.57%, at 15,871.35. The S&P 500 lost 77.68 points, or 3.94%, to 1,893.21, putting it formally in correction mode. An index is considered to be in correction when it closes 10% below its 52-week high. The Dow was confirmed to be in a correction on Friday. The Nasdaq Composite dropped 179.79 points, or 3.82%, to 4,526.25, also in correction.
The CBOE Volatility index, popularly known as the "fear index", briefly jumped as much as 90% to 53.29, its highest since January 2009.
In Singapore, the Straits Times Index ended the day 4.30% lower at 2,843.39, the worst one-day drop in almost seven years since Oct 24, 2008. Market breadth was negative in the broader market. Decliners outnumbered gainers 523 to 50. A total of 1.85 billion shares worth $1.89 billion changed hands.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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