MARKET UPDATES :
POPULAR Holdings on Friday reported a 76.8 per cent increase in net profit to S$9.4 million for its first quarter ended July31, 2014. Its turnover rose 5.9 per cent to S$141.4 million, thanks to higher revenue from its retail, distribution, publishing and e- Learning divisions.
Pan Ocean said on Friday it would sell its near 85 per cent stake in Heungkuk Mutual Saving Bank for 2.2 billion won (S$2.7 million) to Investor United Inc.
FUJI Offset Plates Manufacturing Ltd on Friday said that it was unaware of any reasons, other than its announced disposal of a property, that explain the unusual price movements in its shares recently.
Asia and second in the world for intellectual property (IP) protection for the fourth straight time, the latest World Economic Forum’s (WEF) Global Competitiveness Report showed.
Singapore’s sovereign fund GIC is joining PSP Investments and Ontario Teachers’ Pension Plan in together investing US$700 million in XPO Logistics Inc, the US company said, adding it plans to use proceeds for unspecified acquisitions In a statement released in the United States, XPO said the deal will be carried out through the sale of newly issued common stock and preferred stock to the investors, who will hold about 22 per cent of XPO after conversion. Greenwich, Connecticut-based XPO, a provider of freight transportation services, has a market value of US$1.8 billion.
STOCK RECOMMENDATION :
BUY JARDINE CYCLE ABOVE 43.750 TG 44.000, 44.300, 44.700 SL 43.450
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POPULAR Holdings on Friday reported a 76.8 per cent increase in net profit to S$9.4 million for its first quarter ended July31, 2014. Its turnover rose 5.9 per cent to S$141.4 million, thanks to higher revenue from its retail, distribution, publishing and e- Learning divisions.
Pan Ocean said on Friday it would sell its near 85 per cent stake in Heungkuk Mutual Saving Bank for 2.2 billion won (S$2.7 million) to Investor United Inc.
FUJI Offset Plates Manufacturing Ltd on Friday said that it was unaware of any reasons, other than its announced disposal of a property, that explain the unusual price movements in its shares recently.
Asia and second in the world for intellectual property (IP) protection for the fourth straight time, the latest World Economic Forum’s (WEF) Global Competitiveness Report showed.
Singapore’s sovereign fund GIC is joining PSP Investments and Ontario Teachers’ Pension Plan in together investing US$700 million in XPO Logistics Inc, the US company said, adding it plans to use proceeds for unspecified acquisitions In a statement released in the United States, XPO said the deal will be carried out through the sale of newly issued common stock and preferred stock to the investors, who will hold about 22 per cent of XPO after conversion. Greenwich, Connecticut-based XPO, a provider of freight transportation services, has a market value of US$1.8 billion.
STOCK RECOMMENDATION :
BUY JARDINE CYCLE ABOVE 43.750 TG 44.000, 44.300, 44.700 SL 43.450
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