The following stocks may be in focus today:
Singapore Airlines’ general offer for the shares in Tiger Airways that it did not already own closes today. Tiger Airways is set to become a wholly owned subsidiary of SIA, as the compulsory acquisition threshold was achieved during the offer period.
US fund manager Franklin Resources has become a substantial shareholder of Sembcorp Marine after its two funds, Templeton International and Templeton Worldwide, bought $1.82 million in additional shares in the offshore and marine company on March 2. Franklin Resources says it has raised its total deemed interest to 5.03% from 4.97% after the funds bought some 1.15 million shares.
CapitaLand Commercial Trust will added to the constituents of the Straits Times Index, while Noble Group will be removed, following the March quarterly review.
Ground engineering specialist Ryobi Kiso has secured a total of $33.3 million worth of contracts since the start of the year. Some of the contracts awarded for foundation and geoservices work include those at Changi Airport Terminal 5; HDB estates in Sembawang and Tampines; Jurong Town Corp estates and Saigon South Apartment in Vietnam.
Dairy Farm International Holdings, the operator of Cold Storage supermarkets and Giant hypermarts, reported a 17% fall in FY15 earnings to US$424 million ($591 million), or 31.39 US cents, down from US$509 million a year ago. The group’s overall performance in 2015 was impacted by the challenging retail environment, with both the Food Division and the Health and Beauty Division reporting lower profits, although most key businesses achieved positive like-for-like sales growth. The Home Furnishings and Restaurants Divisions reported good increases in both sales and profits. Sales marginally rose year-on-year from US$11.008 billion in FY2014 to US$11.137 billion in FY2015, boosted by higher sales from the home furnishings and restaurants divisions.
Jardine Matheson Holdings saw a 5% rise in FY15 earnings to US$1.8 billion ($2.5 billion), or US$4.82 per share, from US$1.7 billion a year ago despite softening demand and intensifying cost pressures in many of the areas the group operates in.
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Singapore Airlines’ general offer for the shares in Tiger Airways that it did not already own closes today. Tiger Airways is set to become a wholly owned subsidiary of SIA, as the compulsory acquisition threshold was achieved during the offer period.
US fund manager Franklin Resources has become a substantial shareholder of Sembcorp Marine after its two funds, Templeton International and Templeton Worldwide, bought $1.82 million in additional shares in the offshore and marine company on March 2. Franklin Resources says it has raised its total deemed interest to 5.03% from 4.97% after the funds bought some 1.15 million shares.
CapitaLand Commercial Trust will added to the constituents of the Straits Times Index, while Noble Group will be removed, following the March quarterly review.
Ground engineering specialist Ryobi Kiso has secured a total of $33.3 million worth of contracts since the start of the year. Some of the contracts awarded for foundation and geoservices work include those at Changi Airport Terminal 5; HDB estates in Sembawang and Tampines; Jurong Town Corp estates and Saigon South Apartment in Vietnam.
Dairy Farm International Holdings, the operator of Cold Storage supermarkets and Giant hypermarts, reported a 17% fall in FY15 earnings to US$424 million ($591 million), or 31.39 US cents, down from US$509 million a year ago. The group’s overall performance in 2015 was impacted by the challenging retail environment, with both the Food Division and the Health and Beauty Division reporting lower profits, although most key businesses achieved positive like-for-like sales growth. The Home Furnishings and Restaurants Divisions reported good increases in both sales and profits. Sales marginally rose year-on-year from US$11.008 billion in FY2014 to US$11.137 billion in FY2015, boosted by higher sales from the home furnishings and restaurants divisions.
Jardine Matheson Holdings saw a 5% rise in FY15 earnings to US$1.8 billion ($2.5 billion), or US$4.82 per share, from US$1.7 billion a year ago despite softening demand and intensifying cost pressures in many of the areas the group operates in.
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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