Thursday, October 15, 2015

Hot stocks to watch: GLP, Soilbuild, Biosensors, GRP, GKE, TPV

Here are some stocks to watch this Thursday morning.

Global Logistic Properties, the provider of modern logistics facilities, has signed new lease agreements totalling 25,000 sqm in Brazil. GLP closed at $2.29.

Soilbuild REIT declared a distribution per unit (DPU) of 1.625 cents for the third quarter ended Sept 30. That is 1.5% higher than the 1.546 cents declared a year earlier. Revenue jumped 22.4% to $20.7 million from $16.9 million a year ago, mostly due to the acquisitions completed in 2014 and 2015. Soilbuild closed at 82 cents.

Medical device developer and manufacturer Biosensors International Group says its Leaders Free clinical trial demonstrated “superior safety and efficacy” for BioFreedom compared with a bare-metal stent. Biosensors shares closed at 66.5 cents.

Industrial product supplier GRP Limited has entered into a conditional sale-and-purchase agreement to acquire 82.91% of Starland Holdings for $28.3 million. GRP will pay 23.6 cents in cash for each share, a premium of 38.8% over the last traded price of 17 cents on Oct 13. It does not intend to revise the offer price. GRP shares closed at 7.6 cents.

GKE Corp, the integrated logistics solutions provider, narrowed its net loss to $102,000 in the first quarter ended Aug 31, from a net loss of $434,000 a year ago, as a result of its streamlining efforts. GKE ended at 7.6 cents.

TPV Technology expects to record a net loss in the range of US$80 milion to US$100 million ($110.9 million to $138.3 million) in the nine months ended Sept 30, due to foreign exchange losses. TPV closed at 20 cents.

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