Here are some stocks that could move the market this Monday morning.
Eu Yan Sang, the distributor and retailer of traditional Chinese medicine products. A consortium consisting of Tower Capital TCM Holdings L.P., investment company Temasek and certain members of the Eu family has made a voluntary conditional cash offer of 60 cents per share for all the issued shares of Eu Yan Sang it does not own. The stock last traded at 64.5 cents on May 10 before a trading halt was called.
Vallianz Holdings, the offshore support vessels and integrated marine solutions provider, has sealed new deals worth up to US$120 million ($165 million) to bring its order book to a record-high US$1.2 billion. Vallianz’s shares last closed flat at 0.41 cents.
Jumbo Group, the seafood restaurant operator, posted a 48.7% rise in 2Q earnings to $5.8 million from $3.9 million a year ago. The jump was mainly due to ventures and a subsidiary being fully owned by the company after the IPO restructuring exercise and a general increase in net profit. Shares of Jumbo closed 2.15% lower at 46 cents.
Thai Beverage reported 1Q earnings grew 30% to 8.6 billion baht ($333 million) on the back of a 21% rise in revenue to 55 billion baht, boosted by higher sales of beer, spirit and food. The counter closed unchanged at 75 cents.
Q&M Dental’s 1Q earnings rose 28% to $3.7 million on the back of an 18.5% growth in revenue to $34.4 million. Revenue from the dental and medical clinics segment grew 28% to $22.1 million during the quarter, lifted by higher contributions from new and existing dental outlets in Singapore and China. Q&M shares closed 2.2% lower at 67 cents.
OKH Global says a surge in revenue reversed the company back into profitability with 3Q earnings of $3 million, compared to the previous year’s net loss of $1.6 million. Revenue shot up to $82.4 million, compared to $6 million a year ago due to higher income recognised from its property development business. The counter ended 4.2% lower at 9.1 cents.
Markets
US stocks fell on Friday as a decline in oil prices and gloomy quarterly reports from Nordstrom and J.C. Penney overshadowed upbeat April retail sales data. The Dow Jones industrial average dropped 1.05% to end at 17,535.32 and the S&P 500 lost 0.85% to 2,046.61. The Nasdaq Composite dropped 0.41% to 4,717.68.
Singapore stocks closed lower on Friday. At 5.15pm, the Straits Times Index closed 0.38% or 10.48 lower to end the week at 2,734.91. About 982.1 million shares with a value of $1.04 billion were traded.
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Eu Yan Sang, the distributor and retailer of traditional Chinese medicine products. A consortium consisting of Tower Capital TCM Holdings L.P., investment company Temasek and certain members of the Eu family has made a voluntary conditional cash offer of 60 cents per share for all the issued shares of Eu Yan Sang it does not own. The stock last traded at 64.5 cents on May 10 before a trading halt was called.
Vallianz Holdings, the offshore support vessels and integrated marine solutions provider, has sealed new deals worth up to US$120 million ($165 million) to bring its order book to a record-high US$1.2 billion. Vallianz’s shares last closed flat at 0.41 cents.
Jumbo Group, the seafood restaurant operator, posted a 48.7% rise in 2Q earnings to $5.8 million from $3.9 million a year ago. The jump was mainly due to ventures and a subsidiary being fully owned by the company after the IPO restructuring exercise and a general increase in net profit. Shares of Jumbo closed 2.15% lower at 46 cents.
Thai Beverage reported 1Q earnings grew 30% to 8.6 billion baht ($333 million) on the back of a 21% rise in revenue to 55 billion baht, boosted by higher sales of beer, spirit and food. The counter closed unchanged at 75 cents.
Q&M Dental’s 1Q earnings rose 28% to $3.7 million on the back of an 18.5% growth in revenue to $34.4 million. Revenue from the dental and medical clinics segment grew 28% to $22.1 million during the quarter, lifted by higher contributions from new and existing dental outlets in Singapore and China. Q&M shares closed 2.2% lower at 67 cents.
OKH Global says a surge in revenue reversed the company back into profitability with 3Q earnings of $3 million, compared to the previous year’s net loss of $1.6 million. Revenue shot up to $82.4 million, compared to $6 million a year ago due to higher income recognised from its property development business. The counter ended 4.2% lower at 9.1 cents.
Markets
US stocks fell on Friday as a decline in oil prices and gloomy quarterly reports from Nordstrom and J.C. Penney overshadowed upbeat April retail sales data. The Dow Jones industrial average dropped 1.05% to end at 17,535.32 and the S&P 500 lost 0.85% to 2,046.61. The Nasdaq Composite dropped 0.41% to 4,717.68.
Singapore stocks closed lower on Friday. At 5.15pm, the Straits Times Index closed 0.38% or 10.48 lower to end the week at 2,734.91. About 982.1 million shares with a value of $1.04 billion were traded.
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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