Friday, July 8, 2016

Keppel, Ellipsiz, SPH REIT, QT Vascular, SGX, GLP

Here are some stocks that could move the market this Friday morbing:

Keppel Corp's offshore & marine unit's wholly-owned subsidiary, Keppel Shipyard, has secured four contracts worth a total of about $120 million from repeat customers. Keppel Corp closed at $5.58 on Thursday. These included the installation and integration of topside modules for a newbuild floating, production, storage and offloading (FPSO) vessel and the fabrication of an internal turret mooring system for a FSO vessel.

Ellipsiz, the provider of semiconductor services and products, has received a takeover offer from the Lum family that controls Lum Chang Holdings. They are offering 38 cents for each share of it does not already own, it said in a Singapore Exchange filing released on Thursday evening. The offer price values the company at about $63.5 million. Ellipsiz had closed 1 cent higher at 37 cents earlier.

SPH REIT reported DPU in 3Q16 increased 0.7% to 1.36 cents on the back of higher rental income achieved from Paragon. Income available for distribution to unitholders rose 1.1% to $35.0 million in 3Q. Gross revenue grew by 1.9% to $52.2 million in 3Q as both SPH REIT’s Paragon and The Clementi Mall properties “continued to demonstrate resilience, with positive rental reversion and 100% occupancy”. SPH REIT closed flat at 94 cents.

QT Vascular has received CE mark clearance for the sale and distribution of the Chocolate Heart drug-coated percutaneous transluminal coronary angioplasty (PTCA) balloon in Europe. CE marking is a manufacturer's declaration that the product complies with the essential requirements of the relevant European health, safety and environmental protection legislation. QT Vascular closed 2.4% higher at 8.7 cents on Thursday.

Singapore Exchange (SGX) announced total securities market turnover rose 4% m-o-m to $22.5 billion in June 2016. Total derivatives volume climbed 4% m-o-m to 14.1 million, while commodities derivatives volume fell 26% m-o-m to 996,410. Compared to last year, however, total securities market turnover fell 9% y-o-y, total derivatives volume was down 35% y-o-y, while commodities derivatives surged 47% y-o-y. SGX closed at $7.69.

Global Logistic Properties (GLP) will start development of GLP Kobe Nishi II, a 764,000 sf modern logistics property in Greater Osaka at an estimated cost of JPY10.5 billion ($140 million). GLP closed 1.1% higher at $1.83 on Thursday.

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