Below are some stocks that may be in focus today:
Noble Group says it is not aware of any financial or material business issues that might have caused the commodities and energy trader’s recent share price decline and volatility. The company has brought forward its 2Q earnings from Aug 13 to Aug 10, when it will address various allegations about its accounting practices.
Fraser and Neave says the Singapore Hight Court has dismissed the application by Myanma Economic Holdings Ltd (MEHL) for an interim injunction requiring F&N to take all steps necessary to transfer the company’s stake in Myanmar Brewery to MEHL upon it paying the sum of F&N 500 billion Myanmar kyat at current exchange rates. That fee is equal to US$405 million at today's exchange rates.
Cosco Corp swung to a net loss of $4.8 million in the second quarter ended June 30, 2015, from a net profit of $14.3 million a year earlier. The shipping services provider blames the loss on shipyard and shipping operations amid low crude oil prices, languid dry bulk shipping and slump in shipbuilding.
Property group United Industrial Corp’s 2Q2015 ended June earnings fell by 66% year-on-year to reach $58.8 million, despite a 14% rise in revenues to $191.2 million.
Jardine Matheson Holdings reported a 13% drop in 1H earnings to US$709 million ($970 million), or US$1.91 per share, from a year ago. Revenue, together with revenue of associates and joint ventures, rose 2% to US$31.5 billion.
US stocks ended on a sour note on Friday as a drop in energy stocks eclipsed wage data that supported expectations that the U.S. Federal Reserve might hold off on an interest rate. The Dow Jones industrial average ended down 0.31% at 17,690.46. The S&P 500 finished 0.22% lower at 2,103.92 after opening with a gain. The Nasdaq Composite edged down 0.01% to 5,128.28.
In Singapore, shares end weaker on Friday, after having traded in negative territory for the entire trading session, in line with the continued slide in Chinese markets. The Straits Times Index (STI) ended the day 1.45% lower at 3,202.50, after trading between 3,184.57 and 3,217.86. Excluding warrants, decliners outnumbered gainers 323 to 135.
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Noble Group says it is not aware of any financial or material business issues that might have caused the commodities and energy trader’s recent share price decline and volatility. The company has brought forward its 2Q earnings from Aug 13 to Aug 10, when it will address various allegations about its accounting practices.
Fraser and Neave says the Singapore Hight Court has dismissed the application by Myanma Economic Holdings Ltd (MEHL) for an interim injunction requiring F&N to take all steps necessary to transfer the company’s stake in Myanmar Brewery to MEHL upon it paying the sum of F&N 500 billion Myanmar kyat at current exchange rates. That fee is equal to US$405 million at today's exchange rates.
Cosco Corp swung to a net loss of $4.8 million in the second quarter ended June 30, 2015, from a net profit of $14.3 million a year earlier. The shipping services provider blames the loss on shipyard and shipping operations amid low crude oil prices, languid dry bulk shipping and slump in shipbuilding.
Property group United Industrial Corp’s 2Q2015 ended June earnings fell by 66% year-on-year to reach $58.8 million, despite a 14% rise in revenues to $191.2 million.
Jardine Matheson Holdings reported a 13% drop in 1H earnings to US$709 million ($970 million), or US$1.91 per share, from a year ago. Revenue, together with revenue of associates and joint ventures, rose 2% to US$31.5 billion.
US stocks ended on a sour note on Friday as a drop in energy stocks eclipsed wage data that supported expectations that the U.S. Federal Reserve might hold off on an interest rate. The Dow Jones industrial average ended down 0.31% at 17,690.46. The S&P 500 finished 0.22% lower at 2,103.92 after opening with a gain. The Nasdaq Composite edged down 0.01% to 5,128.28.
In Singapore, shares end weaker on Friday, after having traded in negative territory for the entire trading session, in line with the continued slide in Chinese markets. The Straits Times Index (STI) ended the day 1.45% lower at 3,202.50, after trading between 3,184.57 and 3,217.86. Excluding warrants, decliners outnumbered gainers 323 to 135.
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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