Here are some stocks to watch this Wednesday morning.
Noble Group, the commodity trader battling criticism of its accounting, had its credit rating cut to junk by Moody’s Investors Service on concerns about the company’s liquidity amid a broad downturn in prices for energy and raw materials. Moody’s lowered Noble’s senior unsecured bonds to Ba1 from Baa3, the ratings company said Tuesday in a statement. The outlook for the company’s new rating in negative. In response, Noble says its rating metrics will “substantially exceed those required of an investment grade credit” once the sale of its Noble Agri to China's COFCO is completed. Noble closed 1.12% lower at 44 cents.
Sembcorp Industries has formed a joint venture with Chongqing Energy Investment Group’s subsidiary to invest in a mine-mouth 1,620-megawatt coal-fired power project in Chongqing municipality. The total investment value of the two power plants will be RMB6 billion ($1.3 billion), which is financed by a combination of equity and on-shore long-term financing. Shares in Sembcorp closed 0.65% lower at $3.05 on Tuesday.
The local and overseas units of Keppel Offshore & Marine, a subsidiary of Keppel Corp, have secured four contracts worth about $125 million from repeat customers. Shares in Keppel Corp closed 0.76% lower at $6.50 on Tuesday.
Triyards Holdings says it has won contracts to build two oil barges worth NTD 716 million ($30.8 million). They come from new client, CPC Corporation (CPC), a Taiwan state-owned oil and gas company responsible for supplying energy to its domestic market. Triyards closed 1.16% higher at 43.5 cents on Tuesday.
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Noble Group, the commodity trader battling criticism of its accounting, had its credit rating cut to junk by Moody’s Investors Service on concerns about the company’s liquidity amid a broad downturn in prices for energy and raw materials. Moody’s lowered Noble’s senior unsecured bonds to Ba1 from Baa3, the ratings company said Tuesday in a statement. The outlook for the company’s new rating in negative. In response, Noble says its rating metrics will “substantially exceed those required of an investment grade credit” once the sale of its Noble Agri to China's COFCO is completed. Noble closed 1.12% lower at 44 cents.
Sembcorp Industries has formed a joint venture with Chongqing Energy Investment Group’s subsidiary to invest in a mine-mouth 1,620-megawatt coal-fired power project in Chongqing municipality. The total investment value of the two power plants will be RMB6 billion ($1.3 billion), which is financed by a combination of equity and on-shore long-term financing. Shares in Sembcorp closed 0.65% lower at $3.05 on Tuesday.
The local and overseas units of Keppel Offshore & Marine, a subsidiary of Keppel Corp, have secured four contracts worth about $125 million from repeat customers. Shares in Keppel Corp closed 0.76% lower at $6.50 on Tuesday.
Triyards Holdings says it has won contracts to build two oil barges worth NTD 716 million ($30.8 million). They come from new client, CPC Corporation (CPC), a Taiwan state-owned oil and gas company responsible for supplying energy to its domestic market. Triyards closed 1.16% higher at 43.5 cents on Tuesday.
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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