Tuesday, October 6, 2015

Miyoshi, Civmec, Jason Marine, A-Reit

The following stocks may be in focus today:

Miyoshi, an integrated engineering company that serves the data storage, consumer electronics and automotive industries, is taking steps to expand its light electric vehicle (LEV) business in China.

Australian-based Civmec’s new division offering refractory maintenance services has secured two new projects despite being recently established.

Jason Marine Group is expecting to record a net loss for the six months ended September (1HFY2016).

Ascendas REIT (A-Reit) will be issuing $300 million worth of subordinated perpetual securities that pay a distribution at the rate of 4.75%.

Markets

U.S. stocks jumped on Monday, with the S&P 500 rising for the fifth day in a row, as rising oil prices boosted energy stocks and investors bet the Federal Reserve would not raise interest rates this year. The Dow Jones industrial average rose 304.06 points, or 1.85%, to 16,776.43, the S&P 500 gained 35.69 points, or 1.83%, to 1,987.05 and the Nasdaq Composite added 73.49 points, or 1.56%, to 4,781.26.

The Straits Times Index ended Monday 2.08% higher at 2,851.25. Excluding warrants, gainers outnumbered decliners 297 to 121.

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