Monday, December 14, 2015

Vard, UOL, Sim Lian, IPS Securex, LifeBrandz, USP

Here are some stocks to watch this Monday morning.

Vard Holdings says Petrobras Transportes notified the company has terminated the contracts for two LPG carriers on order from Vard Promar, a 50.5% owned indirect subsidiary. Vard says it intends to claim compensation from Transpetro for damages. Vard shares closed 5.45% lower at 26 cents on Friday.

UOL Group has won the tender for the residential site at Clementi Avenue 1 with a bid of $302.1 million. UOL closed 1% lower at $6.05.

Sim Lian Group is acquiring two properties in Queensland, Australia, for A$70 million ($71.2 million). They are Woolworths Shopping Centre and Masters Home Improvement Everton Park. Sim Lian closed at 74 cents on Friday.

An IPS Securex Holdings’ unit has received a $64.46 million Letter of Award (LOA) for the sale of Hyperspike acoustic hailing devices and their supporting accessories for delivery to a certain customer in Southeast Asia. IPS Securex closed at 31.5 cents on Friday.

LifeBrandz, the former niteclub operator turned healthcare company, reported 1Q net loss narrowed to $290,000. This compared to a net loss of $318,000 a year before. Revenue increased 9% to $255,000 from trading activities. LifeBrandz closed at 0.3 cent on Friday.

USP Group has signed an agreement to buy Supratechnic in a bid to diversify the former's business. The consideration for the acquisition will be $12.34 million in cash and 64 million new shares in USP Group. USP last closed at 3.9 cents.

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