Thursday, December 17, 2015

Noble, Trendlines, AusGroup, Ntegrator, Fortune REIT

Here are some stocks to watch this Thursday morning.

Commodities trader Noble Group said it is in advanced talks to sell the rest of its agriculture unit as it seeks to bolster liquidity through asset sales amid threats to its investment-grade credit rating. Cofco Corp, China's largest food company that already holds 51% of Noble Agri, is one of the potential buyers. Noble is reportedly seeking about US$750 million ($1.1 billion) for the stake. Noble closed 7.7% higher at 42 cents.

The Trendlines Group has established two new portfolio companies, Tandem Technologies and Zeev Implants, via its unit Trendlines Medical. The two new companies bring the total number of Trendlines portfolio companies to 47. Shares in Trendlines Group closed 3.28% higher at 31.5 cents on Wednesday.

AusGroup, the engineering service provider, said on Wednesday its recent contract awards and extensions now amount to about A$100 million ($101.8 million). AusGroup last traded at 15.1 cents.

Ntegrator International said it has won three contracts worth about $9 million from repeat customers in Singapore, Myanmar and Vietnam. The latest contracts lift its order wins in 2015 to nearly $68 million. Ntegrator last traded at 1.3 cents.

Unitholders of Fortune REIT can be assured that they can continue to trade its shares here in Singapore and Hong Kong. The only change moving forward is that annual general meetings will be held in Hong Kong, said SIAS in a statement on Wednesday evening. Fortune REIT closed 0.26% higher at HK$7.67.

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