Thursday, October 8, 2015

Noble, UOB, SIA Engineering, Oxley, PEC

The following stocks may be in focus today:

Noble Group Ltd's chief aluminum trader in Europe, Erik Gundersen, will leave the Asian commodities merchant, three sources familiar with the matter said, as the shake-up of its loss-making metals and mining division widens.

UOB’S cash management business recorded a 42% jump in revenue for the first half of this year from a year ago.

SIA Engineering Company has set up a joint-venture company, Boeing Asia Pacific Aviation Services, with Boeing.

Real estate developer Oxley Holdings has clarified that the reported acquisitions in International Healthway Corp (IHC) by its chief executive Ching Chiat Kwong and deputy CEO Low See Ching are "personal and independent investment decisions". It added that the purchases do not have "any connection or impact whatsoever" with the ongoing business activities of Oxley.

Specialist engineering group PEC has warned that it may log a net loss for the current financial year, after assessing the impact of its client, Jurong Aromatics Corp, being pushed into receivership.

Singapore Medial Group has entered into a non-binding memorandum of understanding (MOU) with Cardioscan Proprietary Limited, in relation to a proposed joint venture.

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