Here are some stocks to watch this Wednesday morning.
Frasers Property Australia, a division of Frasers Centrepoint Limited, says it closed A$229 million ($236 million) worth of sales at the launch of DUO, its residential development in Sydney. Frasers Centrepoint Limited closed 1.8% higher at $1.69.
Sembcorp Marine expects to post a net loss in 4Q15 ending Dec and a significant drop in earnings. The rigbuilder cited a challenging operating environment and customers deferring or seeking to defer their rig orders due to the slowdown. SembMarine reported earnings of $174 million for the 4Q14 ended December. SembMarine shares closed flat at $2.06 on Tuesday. Sembcorp Marine last closed at $2.06 on Tuesday.
EMS Energy said its 20%-owned associated company Oilfield Services and Supplies (OSS) has begun the pre-admission process for a planned initial public offering on the Catalist board of the Singapore Exchange. OSS is an oil and gas contractor that specialises in downhole drilling products and precision machining and drilling services. EMS shares closed at 35 cents on Tuesday.
Technics Oil & Gas has posted three straight years of pre-tax losses before exceptionals, triggering one of two conditions for potential delisting. However, Technics' market capitalisation on Tuesday was $152.1 million, above the $40 million 120-day average threshold that would activate the second condition. If both conditions are met, Technics could be placed on the watch-list. Companies that remain on the watch-list for two years will be delisted. Technics Oil & Gas last closed at 66.5 cents.
AM NGV (S), a wholly-owned subsidiary of Asian Micro Holdings, says Rolls-Royce Singapore has renewed its contract with the company to supply and transport compressed natural gas (CNG) and maintenance of the latter's CNG yard. The contract has been extended for an additional 15 months starting Jan 1, 2016, following the current five-year contract that will end on Dec 31, 2015. The contract extension is worth an estimated $3 million, excluding the option period. Shares of Asian Micro last traded at 1.1 cents.
An arbitration tribunal has awarded Intraco a final award of $3.2 million in interest in the trading company's dispute with privately held Timor Global over a 2007 joint venture agreement. Intraco had already been awarded a sum of $6.6 million in March out of its total claim of $9.8 million against Timor Global, but that was before interests and costs. Intraco closed at 34.5 cents.
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Frasers Property Australia, a division of Frasers Centrepoint Limited, says it closed A$229 million ($236 million) worth of sales at the launch of DUO, its residential development in Sydney. Frasers Centrepoint Limited closed 1.8% higher at $1.69.
Sembcorp Marine expects to post a net loss in 4Q15 ending Dec and a significant drop in earnings. The rigbuilder cited a challenging operating environment and customers deferring or seeking to defer their rig orders due to the slowdown. SembMarine reported earnings of $174 million for the 4Q14 ended December. SembMarine shares closed flat at $2.06 on Tuesday. Sembcorp Marine last closed at $2.06 on Tuesday.
EMS Energy said its 20%-owned associated company Oilfield Services and Supplies (OSS) has begun the pre-admission process for a planned initial public offering on the Catalist board of the Singapore Exchange. OSS is an oil and gas contractor that specialises in downhole drilling products and precision machining and drilling services. EMS shares closed at 35 cents on Tuesday.
Technics Oil & Gas has posted three straight years of pre-tax losses before exceptionals, triggering one of two conditions for potential delisting. However, Technics' market capitalisation on Tuesday was $152.1 million, above the $40 million 120-day average threshold that would activate the second condition. If both conditions are met, Technics could be placed on the watch-list. Companies that remain on the watch-list for two years will be delisted. Technics Oil & Gas last closed at 66.5 cents.
AM NGV (S), a wholly-owned subsidiary of Asian Micro Holdings, says Rolls-Royce Singapore has renewed its contract with the company to supply and transport compressed natural gas (CNG) and maintenance of the latter's CNG yard. The contract has been extended for an additional 15 months starting Jan 1, 2016, following the current five-year contract that will end on Dec 31, 2015. The contract extension is worth an estimated $3 million, excluding the option period. Shares of Asian Micro last traded at 1.1 cents.
An arbitration tribunal has awarded Intraco a final award of $3.2 million in interest in the trading company's dispute with privately held Timor Global over a 2007 joint venture agreement. Intraco had already been awarded a sum of $6.6 million in March out of its total claim of $9.8 million against Timor Global, but that was before interests and costs. Intraco closed at 34.5 cents.
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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