Showing posts with label Trading News. Show all posts
Showing posts with label Trading News. Show all posts

Thursday, August 18, 2016

Stocks to watch: Singtel, Epicentre, Sin Heng Heavy Machinery

39420426 - 11_08_2016 - SINGAPORE-TELECOM-SINGTEL-COMPANY-EARNINGS.jpgSINGAPORE Telecommunications (Singtel): The telco said on Thursday it plans to buy a 21 per cent stake in Intouch Holdings PCL and a 7.39 per cent stake in Bharti Telecom from Temasek for S$2.47 billion in cash.

It said the acquisitions give it a unique opportunity to increase economic exposure to high-growth telecom sectors in Thailand and India.

Epicentre Holdings: The group has issued a profit warning for the financial year ended June 30, 2016, adding that it expects to report a loss, due to "lower sale from certain Apple products as well as erosion of gross profit margin derived from the sale of third party accessories as a result of increased price competition".

It also provided added provisions in anticipation of the soft information technology and consumer electronics sector.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