Here are some stocks to watch this Wednesday morning:
Ezra Holdings and Chiyoda Corp have entered into an agreement to set up a joint venture company to provide subsea services. Ezra says the JVCo. will benefit from the broad range of capabilities from itself and Chiyoda. Th JVCo. will also be able to consolidate its global position as a leading subsea services player. Prior to the completion of the proposed transaction, Ezra will also restructure the ownership of its subsea services business such that it is held, directly or indirectly, under the JVCo. Ezra ended at 12.1 cents on Tuesday.
Biosensors International Group will start commercialising its BMX-J drug-eluting stent system in Japan on Oct 1 onwards after BMX-J received approval from Japanese regulators in August. Shares of Biosensors at 67 cents.
CNMC Goldmine Holdings' Sokor Gold project has recorded the largest single gold pour of 3,771.19 ounces of gold doré bars. This represents the highest production output on record for a single gold pour since the start of the company’s gold production in July 2010. Gold doré bars are a form of a crude gold and silver bullion which is usually produced at the mining site. It is then sent to a refiner, where the silver and gold are parted, and the gold is refined to commercial-grade gold bullion. Shares of CNMC closed at 19.5 cents.
Serrano, the interior solutions provider, says a total of 122.4 million rights shares were subscribed at the closing of its rights issue on Sept 23. The shares represent 81.57% of the total 150 million rights shares that were available for subscription under the right issue. Net proceeds of $8.2 million were raised from the rights issue. Shares of Serrano closed at 7.5 cents.
Printing company Xpress Holdings has revealed that it is no longer in a negative working capital position as at July 31 and has settled all its outstanding debts. In its 4Q ended July financial statements, Xpress also says it has also fully settled its bank borrowings with the exception of an overdraft facility that is backed by a bank fixed deposit of the same amount. In 4Q, Xpress posted a net loss of $0.17 million, down from the net loss of $142.4 million a year ago. Total revenue fell 34.7% to $1.69 million mainly due to lower revenue contribution from its local and overseas operations. Xpress closed at 1.8 cents.
Cacola announced that the proposed reverse takeover of the group by Sharp Year Ventures has been terminated. Explaining the move, Cacola says the market conditions are not conducive for raising funds to satisfy the cash consideration. In addition, the company and the vendor believe that certain conditions precedent are unlikely to be fulfilled by the Long-Stop Date. Cacola last traded at 0.9 cent. It is on the SGX Watch-list.
Markets
US stocks closed slightly higher in a choppy session, and an early rally in biotechs faded to deal the sector its eighth straight drop. The Dow Jones industrial average rose 47.24 points, or 0.3%, to 16,049.13, the S&P 500 gained 2.31 points, or 0.12%, to 1,884.08 and the Nasdaq Composite dropped 26.65 points, or 0.59%, to 4,517.32.
The Straits Times Index ended Monday 0.14% lower at 2,787.94. Decliners outnumbered gainers 271 to 126. A total of 1.23 billion shares worth about $1.28 billion changed hands.
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Ezra Holdings and Chiyoda Corp have entered into an agreement to set up a joint venture company to provide subsea services. Ezra says the JVCo. will benefit from the broad range of capabilities from itself and Chiyoda. Th JVCo. will also be able to consolidate its global position as a leading subsea services player. Prior to the completion of the proposed transaction, Ezra will also restructure the ownership of its subsea services business such that it is held, directly or indirectly, under the JVCo. Ezra ended at 12.1 cents on Tuesday.
Biosensors International Group will start commercialising its BMX-J drug-eluting stent system in Japan on Oct 1 onwards after BMX-J received approval from Japanese regulators in August. Shares of Biosensors at 67 cents.
CNMC Goldmine Holdings' Sokor Gold project has recorded the largest single gold pour of 3,771.19 ounces of gold doré bars. This represents the highest production output on record for a single gold pour since the start of the company’s gold production in July 2010. Gold doré bars are a form of a crude gold and silver bullion which is usually produced at the mining site. It is then sent to a refiner, where the silver and gold are parted, and the gold is refined to commercial-grade gold bullion. Shares of CNMC closed at 19.5 cents.
Serrano, the interior solutions provider, says a total of 122.4 million rights shares were subscribed at the closing of its rights issue on Sept 23. The shares represent 81.57% of the total 150 million rights shares that were available for subscription under the right issue. Net proceeds of $8.2 million were raised from the rights issue. Shares of Serrano closed at 7.5 cents.
Printing company Xpress Holdings has revealed that it is no longer in a negative working capital position as at July 31 and has settled all its outstanding debts. In its 4Q ended July financial statements, Xpress also says it has also fully settled its bank borrowings with the exception of an overdraft facility that is backed by a bank fixed deposit of the same amount. In 4Q, Xpress posted a net loss of $0.17 million, down from the net loss of $142.4 million a year ago. Total revenue fell 34.7% to $1.69 million mainly due to lower revenue contribution from its local and overseas operations. Xpress closed at 1.8 cents.
Cacola announced that the proposed reverse takeover of the group by Sharp Year Ventures has been terminated. Explaining the move, Cacola says the market conditions are not conducive for raising funds to satisfy the cash consideration. In addition, the company and the vendor believe that certain conditions precedent are unlikely to be fulfilled by the Long-Stop Date. Cacola last traded at 0.9 cent. It is on the SGX Watch-list.
Markets
US stocks closed slightly higher in a choppy session, and an early rally in biotechs faded to deal the sector its eighth straight drop. The Dow Jones industrial average rose 47.24 points, or 0.3%, to 16,049.13, the S&P 500 gained 2.31 points, or 0.12%, to 1,884.08 and the Nasdaq Composite dropped 26.65 points, or 0.59%, to 4,517.32.
The Straits Times Index ended Monday 0.14% lower at 2,787.94. Decliners outnumbered gainers 271 to 126. A total of 1.23 billion shares worth about $1.28 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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