Here are some stocks that could move the market this Thursday morning.
Singapore Exchange (SGX) has entered into “exclusive discussions” over a cash offer for 100% of the share capital of London-based The Baltic Exchange. This comes on the heels of SGX’s announcement on Feb 26 that it had submitted a non-binding bid for the acquisition of the Baltic Exchange. SGX shares closed at $7.67.
Metro Holdings' earnings plunged 84.8% to $1.2 million in the fourth quarter ended March 31, 2016, from $7.6 million a year ago. Revenue tumbled 21.9% to $32.6 million from $41.7 million previously as the retail division had ceased operations of Metro Sengkang and Metro City Square.
Neo Group saw its FY16 earnings fall 42.9% to $4.2 million although revenue rose 62% to a record $125.4 million lifted by a $37.3 million maiden 10-month revenue contribution from its food manufacturing subsidiary, Thong Siek Holdings and its subsidiaries. The stock last closed at 63 cents.
Jason Marine Group sunk into full-year losses of $6 million from earnings of $3.9 million a year ago on difficult market conditions. Revenue fell 34.1% to $37.2 million for the marine electronics system integrator and support services provider. Jason Marine last traded at 18 cents.
Tower crane manufacturer Yongmao Holdings’ FY16 earnings plunged 93.8% to RMB 3.91 million ($0.67 million) from RMB 62.85 million in FY15, as revenue for the financial year ended 31 March 2016 fell 41.9% to RMB 455.0 million. Shares of Yongmao Holdings last closed at 35 cents.
Trek 2000 International says some of its staff are assisting the Commercial Affairs Department (CAD) of the Singapore Police Force in their investigations. But Trek 2000 says CAD has not given the company any details of its investigations and the board is currently not aware if any offence has been committed. Trek 2000 last traded at 18.6 cents.
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Singapore Exchange (SGX) has entered into “exclusive discussions” over a cash offer for 100% of the share capital of London-based The Baltic Exchange. This comes on the heels of SGX’s announcement on Feb 26 that it had submitted a non-binding bid for the acquisition of the Baltic Exchange. SGX shares closed at $7.67.
Metro Holdings' earnings plunged 84.8% to $1.2 million in the fourth quarter ended March 31, 2016, from $7.6 million a year ago. Revenue tumbled 21.9% to $32.6 million from $41.7 million previously as the retail division had ceased operations of Metro Sengkang and Metro City Square.
Neo Group saw its FY16 earnings fall 42.9% to $4.2 million although revenue rose 62% to a record $125.4 million lifted by a $37.3 million maiden 10-month revenue contribution from its food manufacturing subsidiary, Thong Siek Holdings and its subsidiaries. The stock last closed at 63 cents.
Jason Marine Group sunk into full-year losses of $6 million from earnings of $3.9 million a year ago on difficult market conditions. Revenue fell 34.1% to $37.2 million for the marine electronics system integrator and support services provider. Jason Marine last traded at 18 cents.
Tower crane manufacturer Yongmao Holdings’ FY16 earnings plunged 93.8% to RMB 3.91 million ($0.67 million) from RMB 62.85 million in FY15, as revenue for the financial year ended 31 March 2016 fell 41.9% to RMB 455.0 million. Shares of Yongmao Holdings last closed at 35 cents.
Trek 2000 International says some of its staff are assisting the Commercial Affairs Department (CAD) of the Singapore Police Force in their investigations. But Trek 2000 says CAD has not given the company any details of its investigations and the board is currently not aware if any offence has been committed. Trek 2000 last traded at 18.6 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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