Here are some stocks to watch this Monday morning.
Singapore Post is acquiring a 71.1% stake in Jagged Peak, Inc for US$15.8 million ($22.5 million). Singpost says Jagged Peak’s proprietary e-commerce logistics platform, used by more than 20 warehousing facilities across the US, Canada and Europe, will enable it to become a global e-commerce logistics provider for high-velocity consumer products. Singpost closed at $1.78 on Friday.
Infrastructure and civil engineering company, OKP Holdings, announced that its wholly-owned subsidiary, Eng Lam Contractors Co, has won a contract worth $12.7 million by JTC for the extension of road, drain and sewer works at Woodlands Avenue 4. OKP shares closed at 19.1 cents.
Cache Logistics Trust has agreed to acquire a warehouse on 203 Viking Drive, Wacol, in Queensland, Australia, for A$29.5 million ($30.2 million) from One Funds Management Limited, the trustee for Wacol Industrial Property Trust. Cache closed at $1.035.
Lifebrandz says it intends to transfer its listing from the Mainboard to the Catalist Board of the Singapore Exchange as the size of its business, market cap and investor profile “better resemble that of the companies on the Catalist”, says Lifebrandz in a filing. LifeBrandz last traded at 0.5 cent.
Wang Zhi Wei, China Sky Chemical Fibre’s non-executive chairman, has stepped down to pursue other activities. Wang, aged 45, was appointed to the position in May 2005. China Sky resumed trading on Sept 10 after being suspended in November 2011 amid investigations into a number of major transactions that included a botched purchase of land in China. The stock last traded at 5 cents.
Markets
US stocks kept their momentum from last Friday, when markets rallied after a poor jobs report was seen as dimming the prospects for a speedy Federal Reserve interest rate hike. The Dow Jones Industrial Average gained 33.74 points or 0.20% at 17,084.49. The broad-based S&P 500 rose 1.46 or 0.07% to 2,014.89, while the tech-rich Nasdaq Composite Index advanced 19.68 or 0.41% to 4,830.47.
The Straits Times Index ended Friday 1.75% higher at 2,998.50, after trading between 2,963.00 and 3,011.63. Gainers outnumbered decliners 326 to 102. A total of 1.87 billion shares worth about $1.45 billion changed hands.
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Singapore Post is acquiring a 71.1% stake in Jagged Peak, Inc for US$15.8 million ($22.5 million). Singpost says Jagged Peak’s proprietary e-commerce logistics platform, used by more than 20 warehousing facilities across the US, Canada and Europe, will enable it to become a global e-commerce logistics provider for high-velocity consumer products. Singpost closed at $1.78 on Friday.
Infrastructure and civil engineering company, OKP Holdings, announced that its wholly-owned subsidiary, Eng Lam Contractors Co, has won a contract worth $12.7 million by JTC for the extension of road, drain and sewer works at Woodlands Avenue 4. OKP shares closed at 19.1 cents.
Cache Logistics Trust has agreed to acquire a warehouse on 203 Viking Drive, Wacol, in Queensland, Australia, for A$29.5 million ($30.2 million) from One Funds Management Limited, the trustee for Wacol Industrial Property Trust. Cache closed at $1.035.
Lifebrandz says it intends to transfer its listing from the Mainboard to the Catalist Board of the Singapore Exchange as the size of its business, market cap and investor profile “better resemble that of the companies on the Catalist”, says Lifebrandz in a filing. LifeBrandz last traded at 0.5 cent.
Wang Zhi Wei, China Sky Chemical Fibre’s non-executive chairman, has stepped down to pursue other activities. Wang, aged 45, was appointed to the position in May 2005. China Sky resumed trading on Sept 10 after being suspended in November 2011 amid investigations into a number of major transactions that included a botched purchase of land in China. The stock last traded at 5 cents.
Markets
US stocks kept their momentum from last Friday, when markets rallied after a poor jobs report was seen as dimming the prospects for a speedy Federal Reserve interest rate hike. The Dow Jones Industrial Average gained 33.74 points or 0.20% at 17,084.49. The broad-based S&P 500 rose 1.46 or 0.07% to 2,014.89, while the tech-rich Nasdaq Composite Index advanced 19.68 or 0.41% to 4,830.47.
The Straits Times Index ended Friday 1.75% higher at 2,998.50, after trading between 2,963.00 and 3,011.63. Gainers outnumbered decliners 326 to 102. A total of 1.87 billion shares worth about $1.45 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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