Wednesday, October 21, 2015

Noble, Wilmar, Keppel T&T, Mapletree Industrial Trust, SunMoon Food Company

The following stocks may be in focus today:

Noble Group, the commodity trader battling criticism of its accounting practices, may lose its investment-grade credit rating if its liquidity position does not improve in the next one to two quarters, according to Moody’s Investors Service.

Archer-Daniels-Midland Co. has raised its stake in Wilmar International Ltd., the Singapore-based company that trades almost half the world’s palm oil.

Keppel Telecommunications & Transportation, the logistics provider and data centre operator, posted a 17.1% drop in 3Q earnings to $15.3 million from a year ago on lower revenue.

Mapletree Industrial Trust has declared a 7.3% rise in distribution per unit (DPU) of 2.79 cents for the 2Q ended September from 2.60 cents a year ago.

SunMoon Food Company has reached full and final settlement to pay nTan Corporate Advisory a sum of $2.1 million plus 7 per cent GST in instalments in relation to a suit.

United Overseas Bank Brunei branch has sold its retail banking business to Baiduri Bank Berhad for BND65 million ($65 million).

Q&M Dental group says its indirect subsidiary Shenyang Xin'Ao Hospital Management Co has entered in to three separate definitive agreements to acquire a 60% stake in 5 dental clinics located in Liaoning Province, China.

The manager of First Real Estate Investment Trust (REIT) has announced that the REIT, through its unit PT Tata Prima Indah (PT TPI), entered into a proposed joint arrangement and asset swap with PT Saputra Karya (PT SK) in relation to the development works of the new Siloam Hospitals Surabaya and the divestment of the existing Siloam Hospitals Surabaya.

ST Engineering says Mobility Systems (MSPL), a unit of its land systems arm ST Kinetics, has injected BRL5.8million ($2.6 million) into Technicae Projectos e Serviços Automotivos.

Boustead Projects has been awarded two contracts in Singapore with a total value of $59 million.

Citic Environment has won a RMB 400 million ($88 million) engineering, procurement, construction (EPC) contract to construct a 80,000 cubic metres/day wastewater treatment plant in Tianshui City, Gansu Province, China.

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