Thursday, November 26, 2015

KS Energy, Cordlife Group, Asiatravel.com Holdings, Technics Oil & Gas, Citic Envirotech

The following stocks may be in focus today:

KS Energy says that KS Marinehub Pte. Ltd has acquired the remaining 20% stake in Oceanic Offshore Engineering Pte Ltd (OOE) that it did not already own, for $2.3 million.

Cordlife Group is currently in discussions with various parties on opportunities relating to acquisitions, divestments and joint ventures. These opportunities are at various stages, the group said in response to a query from Singapore Exchange on unusual trading activity involving its shares.

Asiatravel.com Holdings has reported net losses of $10.8 million for FY2015 ended September, 12.1% higher than the net losses of $9.6 million in FY2014. Revenue fell 2% to $88.2 million, due to the $4.4 million decrease in its offline wholesale business, partially mitigated by the $3.7 million increase from the group’s online business revenue.

Technics Oil & Gas reported 4Q losses widened 36% to $11.7 million from $8.6 million a year ago as the company recorded a vessel impairment of $11.4 million and negative other gains due to an adjustment of $4.9 million made against profit from the sale and leaseback of its property at 72 Loyang Way.

Water solutions provider Citic Envirotech has clinched four contracts worth about RMB617 million ($137 million).

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