Here are some stocks to watch this Thursday morning.
Linc Energy revealed it has entered into a confidentiality, due diligence and exclusivity agreement with an Australian company on Nov 11 in relation to its shale oil assets. Linc says the counterparty has started due diligence in accordance with the agreement but no formal negotiations regarding the sale of the assets have been held at this time. Linc Energy closed at 16 cents on Wednesday.
Sembcorp Marine’s subsidiary Sembcorp Marine Rigs and Floaters has secured a contract to design and build a new floating, storage and offloading (FSO) vessel for MODEC Offshore Production Systems (Singapore), a subsidiary of MODEC, Inc. SembMarine did not reveal the value of the contract but says the vessel is scheduled for delivery in 1Q2018. SembMarine closed at $2.20.
Water recycler CITIC Envirotech says the company is in advanced negotiation for certain projects in water supply, wastewater treatment and recycling. The projects are valued at not less than RMB 1 billion ($225 million), reveals CITIC Envirotech. CITIC Envirotech closed at $1.475.
CosmoSteel Holdings, the supplier and distributor of piping system components, reported 4Q earnings fell by almost half to $1 million, or 0.37 cents, from $2 million a year ago. For the full FY15 ended September, the group swung to a net loss of $0.9 million in part due to higher depreciation charges. In FY14, it had posted earnings of $5.5 million. CosmoSteel closed at 14 cents.
In an update by HTL International Holdings, the leather tanner and sofa manufacturer says controlling shareholder BEM Holdings has entered into a framework agreement which could result in the acquisition of all the shares and its delisting. HTL closed at 42 cents.
Speciality concrete supplier EnGro Corporation says joint venture company, Wuhan Wuxin Materials Company has been approved for listing on the New Third Board in China. Wuxin is a collaboration between Engro and Wuhan Iron and Steel Group to produce Ground Granulated Blastfurnace Slag, a specialty building material. The company owns a 33% equity interest in Wuxin while Wugang owns the remaining. EnGro Corp closed at 98 cents.
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Linc Energy revealed it has entered into a confidentiality, due diligence and exclusivity agreement with an Australian company on Nov 11 in relation to its shale oil assets. Linc says the counterparty has started due diligence in accordance with the agreement but no formal negotiations regarding the sale of the assets have been held at this time. Linc Energy closed at 16 cents on Wednesday.
Sembcorp Marine’s subsidiary Sembcorp Marine Rigs and Floaters has secured a contract to design and build a new floating, storage and offloading (FSO) vessel for MODEC Offshore Production Systems (Singapore), a subsidiary of MODEC, Inc. SembMarine did not reveal the value of the contract but says the vessel is scheduled for delivery in 1Q2018. SembMarine closed at $2.20.
Water recycler CITIC Envirotech says the company is in advanced negotiation for certain projects in water supply, wastewater treatment and recycling. The projects are valued at not less than RMB 1 billion ($225 million), reveals CITIC Envirotech. CITIC Envirotech closed at $1.475.
CosmoSteel Holdings, the supplier and distributor of piping system components, reported 4Q earnings fell by almost half to $1 million, or 0.37 cents, from $2 million a year ago. For the full FY15 ended September, the group swung to a net loss of $0.9 million in part due to higher depreciation charges. In FY14, it had posted earnings of $5.5 million. CosmoSteel closed at 14 cents.
In an update by HTL International Holdings, the leather tanner and sofa manufacturer says controlling shareholder BEM Holdings has entered into a framework agreement which could result in the acquisition of all the shares and its delisting. HTL closed at 42 cents.
Speciality concrete supplier EnGro Corporation says joint venture company, Wuhan Wuxin Materials Company has been approved for listing on the New Third Board in China. Wuxin is a collaboration between Engro and Wuhan Iron and Steel Group to produce Ground Granulated Blastfurnace Slag, a specialty building material. The company owns a 33% equity interest in Wuxin while Wugang owns the remaining. EnGro Corp closed at 98 cents.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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