Here are some stocks that could move the market this Tuesday morning.
Ascendas REIT is proposing the acquisition of a portfolio of 26 freehold logistics properties located in Australia for $1 billion, from the real-estate arm of GIC and Frasers Property Australia. The proposed acquisition is expected to generate a net property income yield of 6% post-transaction costs. Ascendas REIT closed 1.4% higher at $2.24 on Thursday.
Genting Hong Kong has entered into an agreement to acquire 50% and 70% equity stakes in Germany-based companies LIV and LWB respectively for EUR17.5 million ($27.9 million). LIV is principally engaged in letting and leasing real estate and operating facilities, while LWB is principally engaged in operating a shipyard. Genting Hong Kong says the investment acquisition will “facilitate the company's fleet expansion and brand development plan”. Shares of Genting Hong Kong on SGX ended at 30.5 US cents.
Silverlake Axis, the provider of computing solutions and services to banks and financial institutions, is buying SunGard Ambit (Singapore) or SAS -- also previously known as System Access Limited -- for US$12 million ($16.8 million) expand its suite of software and services. Silverlake Axis closed at 54 cents.
Soilbuild Construction Group's wholly owned subsidiary, Soil-Build Limited, together with its joint-venture partner Shincon Industrial, have won a construction contract worth $39.7 million by the LTA to construct covered linkways to Downtown Line 3 and the Tuas West Extension Stations. Soilbuild closed flat at 24.5 cents.
TTJ Holdings has won structural steelworks contracts worth $16 million in Singapore and Malaysia. It will engage in structural steelworks for a liquefied natural gas project at Pengerang, Johor, and will provide civil defence doors for MRT Stations along the Thomson Line. Shares of TTJ ended at 32.5 cents.
iX Biopharma’s lead drug product, Wafermine, has passed the Phase 2a and 2b clinical trials, which were approved by the US Food & Drug Administration. Wafermine is one of three iX Biopharma products under development and the world’s first oralsublingual analgesic employing ketamine as its active compound. Shares of iX Biopharma ended at 28.5 cents.
Markets
Major Wall Street indexes gave up a 1% rally to end lower on Thursday after the Federal Reserve cited concerns about global economic growth in its decision to hold off on raising interest rates. The Dow Jones industrial average fell 65.21 points, or 0.39%, to 16,674.74, the S&P 500 lost 5.11 points, or 0.26%, to 1,990.2 and the Nasdaq Composite added 4.71 points, or 0.1%, to 4,893.95.
Meanwhile, Singapore stocks ended higher earlier on Thursday. The Straits Times Index ended the day 0.94% higher at 2,895.81, after trading between 2,877.23 and 2,903.58. Gainers outnumbered decliners 221 to 161. A total of 1.08 billion shares worth about $1.15 billion changed hands.
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Ascendas REIT is proposing the acquisition of a portfolio of 26 freehold logistics properties located in Australia for $1 billion, from the real-estate arm of GIC and Frasers Property Australia. The proposed acquisition is expected to generate a net property income yield of 6% post-transaction costs. Ascendas REIT closed 1.4% higher at $2.24 on Thursday.
Genting Hong Kong has entered into an agreement to acquire 50% and 70% equity stakes in Germany-based companies LIV and LWB respectively for EUR17.5 million ($27.9 million). LIV is principally engaged in letting and leasing real estate and operating facilities, while LWB is principally engaged in operating a shipyard. Genting Hong Kong says the investment acquisition will “facilitate the company's fleet expansion and brand development plan”. Shares of Genting Hong Kong on SGX ended at 30.5 US cents.
Silverlake Axis, the provider of computing solutions and services to banks and financial institutions, is buying SunGard Ambit (Singapore) or SAS -- also previously known as System Access Limited -- for US$12 million ($16.8 million) expand its suite of software and services. Silverlake Axis closed at 54 cents.
Soilbuild Construction Group's wholly owned subsidiary, Soil-Build Limited, together with its joint-venture partner Shincon Industrial, have won a construction contract worth $39.7 million by the LTA to construct covered linkways to Downtown Line 3 and the Tuas West Extension Stations. Soilbuild closed flat at 24.5 cents.
TTJ Holdings has won structural steelworks contracts worth $16 million in Singapore and Malaysia. It will engage in structural steelworks for a liquefied natural gas project at Pengerang, Johor, and will provide civil defence doors for MRT Stations along the Thomson Line. Shares of TTJ ended at 32.5 cents.
iX Biopharma’s lead drug product, Wafermine, has passed the Phase 2a and 2b clinical trials, which were approved by the US Food & Drug Administration. Wafermine is one of three iX Biopharma products under development and the world’s first oralsublingual analgesic employing ketamine as its active compound. Shares of iX Biopharma ended at 28.5 cents.
Markets
Major Wall Street indexes gave up a 1% rally to end lower on Thursday after the Federal Reserve cited concerns about global economic growth in its decision to hold off on raising interest rates. The Dow Jones industrial average fell 65.21 points, or 0.39%, to 16,674.74, the S&P 500 lost 5.11 points, or 0.26%, to 1,990.2 and the Nasdaq Composite added 4.71 points, or 0.1%, to 4,893.95.
Meanwhile, Singapore stocks ended higher earlier on Thursday. The Straits Times Index ended the day 0.94% higher at 2,895.81, after trading between 2,877.23 and 2,903.58. Gainers outnumbered decliners 221 to 161. A total of 1.08 billion shares worth about $1.15 billion changed hands.
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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