Here are some stocks that could move the market this Tuesday morning.
Sembcorp Industries’ wholly-owned unit, Sembcorp Development, has unveiled its seventh Vietnam Singapore Industrial Park (VSIP) development located in the Nghe An province, Vietnam. Sembcorp says it will develop the first phase of the project, which comprises 489.4 acres of industrial land and 200.2 acres of commercial and residential land under the Vietnam Singapore Industrial Park Joint Venture Co (VSIP JV). Sembcorp ended at $3.38 on Monday.
Frasers Property Australia, the Australian division of Frasers Centrepoint Limited, says it has secured over A$275 million ($276 million) worth of new development projects in the past 12 months. The new projects consist of industrial and commercial projects and comprise 210,900 sqm. The majority of the transactions were secured in Sydney and Melbourne with the remainder in Adelaide and Brisbane. The group's total commercial and industrial portfolio is currently valued at A$2.4 billion. FCL closed at $1.505 on Wednesday.
Olam International, one of the world’s largest food commodities traders, expects grain and oilseed prices to weaken further because the El Nino weather phenomenon will be less harmful to harvests than feared. "We are bearish," Olam Chief Executive Officer Sunny Verghese said in an interview in London on Tuesday. "El Nino will not be as severe" as many in the agricultural commodities market expect, he added. Olam ended at $2.01.
Printed circuit boards maker Elec & Eltek International posted US$3.3 million ($4.6 million) in losses for the second quarter ended June, compared with US$4.3 million in earnings one year ago. Revenue fell 14.6% to US$116 million. Elec & Eltek last traded at 71 US cents.
Sumpower Group has entered into a placement agreement of up to 400 million shares for Stirling Coleman Capital to procure subscribers at an issue price of 14 cents per share on a "best endeavour basis". This will raise gross proceeds of up to $56 million. Sunpower last closed at 19.4 cents.
Markets
US stocks rose strongly for the second straight session on Wednesday ahead of the Federal Reserve's decision on whether to raise interest rates for the first time in nine years.
The Dow Jones Industrial Average rose 140.10 points or 0.84% to 16,739.95. The broad-based S&P 500 rose 17.22 or 0.87% to 1,995.31, while the tech-rich Nasdaq Composite Index gained 28.72 or 0.59% to 4,889.24.
Singapore stocks advanced on Wednesday as most other markets in the region climbed back from their lowest levels in years ahead of the US Federal Reserve’s interest-rates decision.
The Straits Times Index ended the day 0.94% higher at 2,868.74. Gainers outnumbered decliners 275 to 126. A total of 1.33 billion shares worth about $1.1 billion changed hands.
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Sembcorp Industries’ wholly-owned unit, Sembcorp Development, has unveiled its seventh Vietnam Singapore Industrial Park (VSIP) development located in the Nghe An province, Vietnam. Sembcorp says it will develop the first phase of the project, which comprises 489.4 acres of industrial land and 200.2 acres of commercial and residential land under the Vietnam Singapore Industrial Park Joint Venture Co (VSIP JV). Sembcorp ended at $3.38 on Monday.
Frasers Property Australia, the Australian division of Frasers Centrepoint Limited, says it has secured over A$275 million ($276 million) worth of new development projects in the past 12 months. The new projects consist of industrial and commercial projects and comprise 210,900 sqm. The majority of the transactions were secured in Sydney and Melbourne with the remainder in Adelaide and Brisbane. The group's total commercial and industrial portfolio is currently valued at A$2.4 billion. FCL closed at $1.505 on Wednesday.
Olam International, one of the world’s largest food commodities traders, expects grain and oilseed prices to weaken further because the El Nino weather phenomenon will be less harmful to harvests than feared. "We are bearish," Olam Chief Executive Officer Sunny Verghese said in an interview in London on Tuesday. "El Nino will not be as severe" as many in the agricultural commodities market expect, he added. Olam ended at $2.01.
Printed circuit boards maker Elec & Eltek International posted US$3.3 million ($4.6 million) in losses for the second quarter ended June, compared with US$4.3 million in earnings one year ago. Revenue fell 14.6% to US$116 million. Elec & Eltek last traded at 71 US cents.
Sumpower Group has entered into a placement agreement of up to 400 million shares for Stirling Coleman Capital to procure subscribers at an issue price of 14 cents per share on a "best endeavour basis". This will raise gross proceeds of up to $56 million. Sunpower last closed at 19.4 cents.
Markets
US stocks rose strongly for the second straight session on Wednesday ahead of the Federal Reserve's decision on whether to raise interest rates for the first time in nine years.
The Dow Jones Industrial Average rose 140.10 points or 0.84% to 16,739.95. The broad-based S&P 500 rose 17.22 or 0.87% to 1,995.31, while the tech-rich Nasdaq Composite Index gained 28.72 or 0.59% to 4,889.24.
Singapore stocks advanced on Wednesday as most other markets in the region climbed back from their lowest levels in years ahead of the US Federal Reserve’s interest-rates decision.
The Straits Times Index ended the day 0.94% higher at 2,868.74. Gainers outnumbered decliners 275 to 126. A total of 1.33 billion shares worth about $1.1 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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