Here are some stocks that could move the market this Friday morning.
BREXIT: The bulk of the results from the UK referendum on EU membership is expected to be in by 10:30am Singapore time. With the outcome too close to call based on the latest polls, they are preparing for global fallout should Britons vote to withdraw from the world’s largest trading bloc.
Midas Holdings' 32.5% JV company, CRRC Nanjing Puzhen Rail Transport Co., has won four metro and tramway contracts totalling RMB3.3 billion ($671 million) in China. The largest contract, worth RMB1.88 billion, was awarded by Suzhou Rail Transit Group Co. for Suzhou Rail Transit Line 3, with delivery slated between 2018 and 2019. Midas closed 4% higher at 26 cents on Thursday.
Frasers Centrepoint Limited on Thursday announced that its hospitality arm, Frasers Hospitality Group, will open a 223-unit serviced residence in Tokyo in 2020. The 23-storey Fraser Suites Tokyo will be redeveloped from an existing 4-storey commercial building in the Japanese capital’s premier district of Minato-ku, Akasaka, in collaboration with Japan’s leading property and real estate developer, Sekisui House. Frasers Centrepoint Limited closed 0.64% higher at $1.57 on Thursday.
Croesus Retail Trust (CRT) on Thursday announced that at least $16 million worth of its units will be acquired by Croesus Retail Asset Management (CRAM) as part of the proposed internalisation of its trustee-manager. CRAM CEO and Executive Director Jim Chang Cheng-Wen and CRAM Non-Executive Director Yong Chao Hsien Jeremy have undertaken to acquire the CRT units from the open market before June 30, 2017. Units of Croesus Retail Trust closed 0.6% lower at 79 cents on Thursday.
S&P Global Ratings had downgraded its long-term corporate credit rating on Sabana Shari'ah Compliant REIT to "BB+" from "BBB-" with stable outlook, only to withdraw all ratings of Sabana upon the REIT’s request. Explaining the rationale of the downgrade, Standard & Poor's said that the REIT’s balance sheet has weakened on prolonged difficult industry conditions. Units of Sabana REIT last traded at 56 cents.
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BREXIT: The bulk of the results from the UK referendum on EU membership is expected to be in by 10:30am Singapore time. With the outcome too close to call based on the latest polls, they are preparing for global fallout should Britons vote to withdraw from the world’s largest trading bloc.
Midas Holdings' 32.5% JV company, CRRC Nanjing Puzhen Rail Transport Co., has won four metro and tramway contracts totalling RMB3.3 billion ($671 million) in China. The largest contract, worth RMB1.88 billion, was awarded by Suzhou Rail Transit Group Co. for Suzhou Rail Transit Line 3, with delivery slated between 2018 and 2019. Midas closed 4% higher at 26 cents on Thursday.
Frasers Centrepoint Limited on Thursday announced that its hospitality arm, Frasers Hospitality Group, will open a 223-unit serviced residence in Tokyo in 2020. The 23-storey Fraser Suites Tokyo will be redeveloped from an existing 4-storey commercial building in the Japanese capital’s premier district of Minato-ku, Akasaka, in collaboration with Japan’s leading property and real estate developer, Sekisui House. Frasers Centrepoint Limited closed 0.64% higher at $1.57 on Thursday.
Croesus Retail Trust (CRT) on Thursday announced that at least $16 million worth of its units will be acquired by Croesus Retail Asset Management (CRAM) as part of the proposed internalisation of its trustee-manager. CRAM CEO and Executive Director Jim Chang Cheng-Wen and CRAM Non-Executive Director Yong Chao Hsien Jeremy have undertaken to acquire the CRT units from the open market before June 30, 2017. Units of Croesus Retail Trust closed 0.6% lower at 79 cents on Thursday.
S&P Global Ratings had downgraded its long-term corporate credit rating on Sabana Shari'ah Compliant REIT to "BB+" from "BBB-" with stable outlook, only to withdraw all ratings of Sabana upon the REIT’s request. Explaining the rationale of the downgrade, Standard & Poor's said that the REIT’s balance sheet has weakened on prolonged difficult industry conditions. Units of Sabana REIT last traded at 56 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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