Monday, October 19, 2015

Noble, GuocoLand, GuocoLeisure, Olam, KLW, Qian Hu, Green Build Technology

The following stocks may be in focus today:

Noble Group has completed a US$1.1 billion ($1.52 billion) revolving borrowing base facility, which will be utilised by its subsidiaries, Noble Americas Corp and Noble Petro Inc, to fund their business growth.

Property group GuocoLand first-quarter earnings surged more than 20 times to $550.4 million from $26.9 million a year ago on gain from disposal of its Dongzhimen project in China.

GuocoLeisure, an investment company which owns and operates the Guoman and Thistle brand of hotels, posted a 89% rise in 1Q earnings to US$31.4 million ($43.4 million) from a year ago.

Olam International completed the acquisition of ADM's global cocoa business on Oct 16. The deal was done at an enterprise value of US$1.2 billion (on a cash free and debt free basis) and will make newly-created Olam Cocoa a global integrated supplier of cocoa products.

Catalist-listed KLW Holdings has appointed Quek Chek Lan as chief executive officer, effective Oct 16.

Ornamental fish service breeder Qian Hu Corporation reported a jump of 17.7% in third quarter earnings to $93,000 from a year ago as operating profitability for the fish and plastic segments surged.

Green Build Technology, the company formerly known as Youyue International, has won a contract to build an underground utiliity tunnel in Harbin City at a total investment cost of $209.8 million by the municipal government of Harbin.

Technics Oil and Gas says its wholly-owned subsidiary, PT Technics Offshore Jaya, has entered into a joint-operations agreement with Indonesian state-owned PT Elnusa Fabrikasi Konstruksi.

Social e-commerce company YuuZoo Corporation has acquired a 5% stake in Beijing-headquartered RS Media & Entertainment Group (RSMEG).

SinoCloud Group has entered into a placement agreement with four investors who will subscribe to a total of 1.38 million new shares at 0.35 cent each to raise $4.82 million.

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