Here are some stocks that could move the market this Tuesday morning.
Keppel Corporation on Tuesday said Third Dragon Development, a wholly owned subsidiary of Keppel Land, has divested its entire 95% stake in Jiangyin Yangtze International Country Club Co. to Changzhou Wan Bang Qi Che Xiao Shou Fu Wu Co. for 52.6 million yuan ($10.8 million), subject to post-completion adjustments. Jiangyin Yangtze International Country Club Co. owns and operates the Jiangyin Yangtze International Country Club in Jiangyin, Jiangsu Province, China. Keppel shares closed 0.4% lower at $5.28.
Ryobi Kiso Holdings, the specialist ground engineering solutions provider, has secured additional contracts worth $56.7 million, bringing the value of total contracts secured year to date to $90 million. Among the contracts secured for foundation and geoservices work were for City Gate mixed development; Eunoia Junior College; Executive Condominium at Choa Chu Kang Avenue 5 and the Underground Cavern Development at Jurong. Ryobi Kiso closed 8.1% higher at 20 cents on Monday.
Global Logistic Properties has signed new leases for 2.3 million sf of logistics space in Japan, with four leading companies. Ons of them is ASKUL, an e-commerce company, has leased 1.6 million sq ft of space at GLP Suita, Greater Osaka, making it ASKUL’s largest logistics centre in Japan. Following this lease, GLP Suita is now 100% pre-leased a year ahead of its completion. GLP shares closed lower at $1.75 on Monday.
Vard Holdings says it has agreed to terminate a shipbuilding contract with Norwegian shipping company REM Offshore ASA in return for a compensation. It was previously reported that Vard had won the contract, valued at about $168 million, from REM Offshore in June 2014. As part of the compensation, Vard is due to receive shares equal to about 4% of the total issued shares in REM Offshore after the restructuring. Shares of Vard last traded at 16 cents.
QT Vascular says its Chocolate XD propercutaneous transluminal coronary angioplasty (PTCA) balloon has received approvals from the US Food and Drug Administration for use in coronary interventions. The Chocolate series of balloons uses a nitinol constraining structure that is designed to reduce vessel trauma by producing a balloon inflation that is predictable, controlled and uniform. The Chocolate XD in particular also has improved trackability and deliverability. QT Vascular’s shares closed lower at 8.4 cents on June 27.
Stamford Tyres posted a 51.9% surge in earnings to $2.6 million for FY2016. For the full year to April, revenue fell by 17.5% to $242.2 million, on the back of lower sales in some markets. However, gross profit margins rose by 2.6 percentage points to 24.7% from the value added activities at its Stamford Tyres Mart retail chain and truck tyre centres, as well as lower cost of sales. Stamford Tyres’ shares closed lower at 26.5 cents on Monday.
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Keppel Corporation on Tuesday said Third Dragon Development, a wholly owned subsidiary of Keppel Land, has divested its entire 95% stake in Jiangyin Yangtze International Country Club Co. to Changzhou Wan Bang Qi Che Xiao Shou Fu Wu Co. for 52.6 million yuan ($10.8 million), subject to post-completion adjustments. Jiangyin Yangtze International Country Club Co. owns and operates the Jiangyin Yangtze International Country Club in Jiangyin, Jiangsu Province, China. Keppel shares closed 0.4% lower at $5.28.
Ryobi Kiso Holdings, the specialist ground engineering solutions provider, has secured additional contracts worth $56.7 million, bringing the value of total contracts secured year to date to $90 million. Among the contracts secured for foundation and geoservices work were for City Gate mixed development; Eunoia Junior College; Executive Condominium at Choa Chu Kang Avenue 5 and the Underground Cavern Development at Jurong. Ryobi Kiso closed 8.1% higher at 20 cents on Monday.
Global Logistic Properties has signed new leases for 2.3 million sf of logistics space in Japan, with four leading companies. Ons of them is ASKUL, an e-commerce company, has leased 1.6 million sq ft of space at GLP Suita, Greater Osaka, making it ASKUL’s largest logistics centre in Japan. Following this lease, GLP Suita is now 100% pre-leased a year ahead of its completion. GLP shares closed lower at $1.75 on Monday.
Vard Holdings says it has agreed to terminate a shipbuilding contract with Norwegian shipping company REM Offshore ASA in return for a compensation. It was previously reported that Vard had won the contract, valued at about $168 million, from REM Offshore in June 2014. As part of the compensation, Vard is due to receive shares equal to about 4% of the total issued shares in REM Offshore after the restructuring. Shares of Vard last traded at 16 cents.
QT Vascular says its Chocolate XD propercutaneous transluminal coronary angioplasty (PTCA) balloon has received approvals from the US Food and Drug Administration for use in coronary interventions. The Chocolate series of balloons uses a nitinol constraining structure that is designed to reduce vessel trauma by producing a balloon inflation that is predictable, controlled and uniform. The Chocolate XD in particular also has improved trackability and deliverability. QT Vascular’s shares closed lower at 8.4 cents on June 27.
Stamford Tyres posted a 51.9% surge in earnings to $2.6 million for FY2016. For the full year to April, revenue fell by 17.5% to $242.2 million, on the back of lower sales in some markets. However, gross profit margins rose by 2.6 percentage points to 24.7% from the value added activities at its Stamford Tyres Mart retail chain and truck tyre centres, as well as lower cost of sales. Stamford Tyres’ shares closed lower at 26.5 cents on Monday.
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