Here are some stocks to watch this Wednesday morning.
Media and property group Singapore Press Holdings’ 1Q earnings rose 17.3% y-o-y to $81.3 million. Group operating revenue came in 3.5% lower at $296.2 million with higher contribution from property and growth businesses cushioning the slide in the media business, said the firm in an announcement. SPH closed 1.1% lower at $3.67.
Biosensors International’s substantial shareholder CB Medical Holdings has agreed to raise the offer price to 84 cents for each Biosensors share for the proposed amalgamation of the two companies announced on Oct 28 2015. Shares of Biosensors last traded at 81.5 cents on Tuesday.
Aquarium fish seller Qian Hu Corporation eked out a net profit of $19,000 for its financial year ended Dec 31, 2015, 95% lower than a year ago. Revenue fell 6.7% to $78 million. For its fourth quarter, the company made a $198,000 loss, due to falls in operating profit across its fish and accessories segments. Qian Hu closed trading at $0.159.
Trading in shares for Halcyon Agri has been halted on rumours that rubber processor Halcyon Agri would be acquired by China state-owned firm Sinochem Group. Sinochem also owns a controlling stake in GMG Global, which is said to be among the assets that will be injected into Halcyon as part of the deal. Halcyon Agri, which declined to comment closed at 69 cents.
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Media and property group Singapore Press Holdings’ 1Q earnings rose 17.3% y-o-y to $81.3 million. Group operating revenue came in 3.5% lower at $296.2 million with higher contribution from property and growth businesses cushioning the slide in the media business, said the firm in an announcement. SPH closed 1.1% lower at $3.67.
Biosensors International’s substantial shareholder CB Medical Holdings has agreed to raise the offer price to 84 cents for each Biosensors share for the proposed amalgamation of the two companies announced on Oct 28 2015. Shares of Biosensors last traded at 81.5 cents on Tuesday.
Aquarium fish seller Qian Hu Corporation eked out a net profit of $19,000 for its financial year ended Dec 31, 2015, 95% lower than a year ago. Revenue fell 6.7% to $78 million. For its fourth quarter, the company made a $198,000 loss, due to falls in operating profit across its fish and accessories segments. Qian Hu closed trading at $0.159.
Trading in shares for Halcyon Agri has been halted on rumours that rubber processor Halcyon Agri would be acquired by China state-owned firm Sinochem Group. Sinochem also owns a controlling stake in GMG Global, which is said to be among the assets that will be injected into Halcyon as part of the deal. Halcyon Agri, which declined to comment closed at 69 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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