Here are some stocks that could move the market this Wednesday morning.
Sembcorp Industries and Sembcorp Marine have been named as defendants in a lawsuit filed by EIG Management Company, a fund management company based in Washington, US. The lawsuit pertains to EIG's investments of over US$221 million ($305.2 million) in troubled Sete Brasil that may soon declare bankruptcy. Shares of SCI and SembMarine ended at $2.74 and $1.54 respectively on Tuesday.
mm2 Asia's earnings surged 52% to $7.63 million in the financial year ended March 31, 2016, from $5.03 million a year ago. Its gross profit margin widened to 48% from 39.5% previously. Revenue surged 58% to $38.3 million from $24.3 million a year earlier, boosted by additional revenue from the company's acquired subsidiary and newly-acquired cinema business. Shares of mm2 Asia ended at 58 cents.
Valuetronics Holdings, the designer and manufacturing partner for the world’s leading brands of consumer and commercial electronics, posted a 19.3% fall in FY16 earnings to HK$120.4 million ($21.4 million). FY16 revenue fell 19.6% to HK$1.95 billion. The counter closed at 48.5 cents.
EuroSports Global, the authorised dealership for Lamborghini in Singapore, is launching a supercar sharing club in the city state. Members can purchase one-to three-year memberships at $12,000 to $36,000, which will give them between 20,000 and 66,000 points that can be redeemed for drives. The number of points used per drive will depend on the marque chosen. EuroSports Global closed at 16 cents.
Earnings for luxury watch retailer The Hour Glass Group has fallen 10% to $52.3 million in FY16, on the back of a 4% drop in revenue to $707.5 million. Hour Glass on Tuesday said this was mainly due to “a backdrop of continued volatility in financial markets, which in turn affected economic outlook and resulted in softer global demand for luxury goods”. Shares of Hour Glass closed at 75 cents.
Hotel Grand Central (HGC) has agreed to sell Hotel Grand Chancellor Surfers Paradise in Australia for A$80 million ($79.2 million). The 408-room hotel was purchased by HGC in 2010 for A$47 million. HGC says the proposed sale transaction allows HGC to realise its investment in the hotel asset. Shares of HGC closed at $1.20, giving it a market cap of $795.6 million.
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
Sembcorp Industries and Sembcorp Marine have been named as defendants in a lawsuit filed by EIG Management Company, a fund management company based in Washington, US. The lawsuit pertains to EIG's investments of over US$221 million ($305.2 million) in troubled Sete Brasil that may soon declare bankruptcy. Shares of SCI and SembMarine ended at $2.74 and $1.54 respectively on Tuesday.
mm2 Asia's earnings surged 52% to $7.63 million in the financial year ended March 31, 2016, from $5.03 million a year ago. Its gross profit margin widened to 48% from 39.5% previously. Revenue surged 58% to $38.3 million from $24.3 million a year earlier, boosted by additional revenue from the company's acquired subsidiary and newly-acquired cinema business. Shares of mm2 Asia ended at 58 cents.
Valuetronics Holdings, the designer and manufacturing partner for the world’s leading brands of consumer and commercial electronics, posted a 19.3% fall in FY16 earnings to HK$120.4 million ($21.4 million). FY16 revenue fell 19.6% to HK$1.95 billion. The counter closed at 48.5 cents.
EuroSports Global, the authorised dealership for Lamborghini in Singapore, is launching a supercar sharing club in the city state. Members can purchase one-to three-year memberships at $12,000 to $36,000, which will give them between 20,000 and 66,000 points that can be redeemed for drives. The number of points used per drive will depend on the marque chosen. EuroSports Global closed at 16 cents.
Earnings for luxury watch retailer The Hour Glass Group has fallen 10% to $52.3 million in FY16, on the back of a 4% drop in revenue to $707.5 million. Hour Glass on Tuesday said this was mainly due to “a backdrop of continued volatility in financial markets, which in turn affected economic outlook and resulted in softer global demand for luxury goods”. Shares of Hour Glass closed at 75 cents.
Hotel Grand Central (HGC) has agreed to sell Hotel Grand Chancellor Surfers Paradise in Australia for A$80 million ($79.2 million). The 408-room hotel was purchased by HGC in 2010 for A$47 million. HGC says the proposed sale transaction allows HGC to realise its investment in the hotel asset. Shares of HGC closed at $1.20, giving it a market cap of $795.6 million.
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
0 comments:
Post a Comment