Here are some stocks that could move the market this Tuesday morning.
Singapore Exchange-listed companies will eventually be expected to issue an annual sustainability report. The SGX announced on Monday that companies will have to publish a sustainability report at least once a year for any financial year ending on or after Dec 31, 2017. The report should describe sustainability practices with reference to five components: material environmental, social and corporate governance factors; policies; practices and performance; targets; the sustainability reporting framework; and the board statement. SGX shares closed 1.62% higher at $7.55 on Monday.
OKP Holdings, the civil engineering company, says subsidiary Eng Lam Contractors Co. has won an $18 million contract for the improvement of the drainage system along Lorong 22 to 44, Geylang, from PUB, Singapore’s National Water Agency. OKP closed at 26 cents on Monday.
Catalist listed Starland Holdings says it has entered into a conditional sale and purchase agreement to acquire a 100% stake in Ayondo Holding AG for $157.5 million. Ayondo is a financial technology group that provides social trading services and brokerage services for contracts for differences (CFDs). The proposed acquisition, if undertaken and completed, will result in the reverse takeover of the Starland. Starland shares last traded at 23.5 cents on Feb 5.
Trendlines Group announced that the Office of the Chief Scientist of the Israel Ministry of Economy (OCS) has approved Trendlines Medical’s request to establish 9 to 11 new portfolio companies a year in medical device and agtech fields. At the same time, OCS has also approved the group’s request to expand the mandate of its subsidiary Trendlines Medical-Misgav’s OCS incubator licence to include agtech investments. Trendlines ended 4.4% higher at 19 cents on Monday.
Rowsley will be acquiring mechanical and electrical engineering firm Squire Mech for up to $19.5 million. The proposed acquisition would further strengthen the multi-disciplinary capabilities of the group by allowing full control of mechanical and electrical engineering consultancy service, said the property group. Rowsley last closed at 13 cents.
Global Logistic Properties (GLP), the provider of modern logistics facilities, has signed new leases totalling 1.1 million sf with five leading companies in China. The new leased space is mainly related to expansion demand from the organised retail sector, including e-commerce and chain stores. GLP shares closed 0.3% higher at $1.80 on Monday.
Markets
Wall Street rose on Monday, though indexes ended far from the highs of the day, in a relief advance after indications that British voters later this week will choose to remain in the European Union. The Dow Jones industrial average rose 129.71 points, or 0.73%, to 17,804.87, the S&P 500 gained 12.03 points, or 0.58%, to 2,083.25 and the Nasdaq Composite added 36.88 points, or 0.77%, to 4,837.21.
Singapore stocks finished 1.4% earlier on Monday, with the Straits Times Index rising 37.45 points to 2,800.87. About 673.9 million shares worth $798.1 million in total changed hands, which worked out to an average unit price of $1.18 per share.
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Singapore Exchange-listed companies will eventually be expected to issue an annual sustainability report. The SGX announced on Monday that companies will have to publish a sustainability report at least once a year for any financial year ending on or after Dec 31, 2017. The report should describe sustainability practices with reference to five components: material environmental, social and corporate governance factors; policies; practices and performance; targets; the sustainability reporting framework; and the board statement. SGX shares closed 1.62% higher at $7.55 on Monday.
OKP Holdings, the civil engineering company, says subsidiary Eng Lam Contractors Co. has won an $18 million contract for the improvement of the drainage system along Lorong 22 to 44, Geylang, from PUB, Singapore’s National Water Agency. OKP closed at 26 cents on Monday.
Catalist listed Starland Holdings says it has entered into a conditional sale and purchase agreement to acquire a 100% stake in Ayondo Holding AG for $157.5 million. Ayondo is a financial technology group that provides social trading services and brokerage services for contracts for differences (CFDs). The proposed acquisition, if undertaken and completed, will result in the reverse takeover of the Starland. Starland shares last traded at 23.5 cents on Feb 5.
Trendlines Group announced that the Office of the Chief Scientist of the Israel Ministry of Economy (OCS) has approved Trendlines Medical’s request to establish 9 to 11 new portfolio companies a year in medical device and agtech fields. At the same time, OCS has also approved the group’s request to expand the mandate of its subsidiary Trendlines Medical-Misgav’s OCS incubator licence to include agtech investments. Trendlines ended 4.4% higher at 19 cents on Monday.
Rowsley will be acquiring mechanical and electrical engineering firm Squire Mech for up to $19.5 million. The proposed acquisition would further strengthen the multi-disciplinary capabilities of the group by allowing full control of mechanical and electrical engineering consultancy service, said the property group. Rowsley last closed at 13 cents.
Global Logistic Properties (GLP), the provider of modern logistics facilities, has signed new leases totalling 1.1 million sf with five leading companies in China. The new leased space is mainly related to expansion demand from the organised retail sector, including e-commerce and chain stores. GLP shares closed 0.3% higher at $1.80 on Monday.
Markets
Wall Street rose on Monday, though indexes ended far from the highs of the day, in a relief advance after indications that British voters later this week will choose to remain in the European Union. The Dow Jones industrial average rose 129.71 points, or 0.73%, to 17,804.87, the S&P 500 gained 12.03 points, or 0.58%, to 2,083.25 and the Nasdaq Composite added 36.88 points, or 0.77%, to 4,837.21.
Singapore stocks finished 1.4% earlier on Monday, with the Straits Times Index rising 37.45 points to 2,800.87. About 673.9 million shares worth $798.1 million in total changed hands, which worked out to an average unit price of $1.18 per share.
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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