Tuesday, December 8, 2015

Rowsley, SGX, Select, Cordlife, Spackman Entertainment, TTJ, ST Engineering

Here are some stocks to watch this Wednesday morning.

Rowsley and Thomson Medical has signed a Memorandum of Understanding (MOU) for Thomson Medical to be Rowsley’s strategic partner in the RM5 billion ($1.7 billion) Vantage Bay Healthcare City project in Iskandar in southern Malaysia. Rowsley closed 1.7% lower at 18 cents.

Singapore Exchange has made some changes to its organisational structure to serve customers better and improve operational efficiency. These changes include merging the sales and product teams to form three vertical businesses - equity and fixed income, derivatives and market data & connectivity (MDC). The new structure will also consolidate SGX’s international offices under a single unit - membership and international coverage (MIC). SGX closed lower 0.26% to $7.65 today.

Select Group has entered into a joint venture to explore suitable food retail and food court locations in Cambodia. Singapore-incorporated Universal Dining Global, a 100% owned subsidiary, plans to form a joint venture company with Cambodia-incorporated M .W Metropolitan International Brands Co. Select last traded at 47.5 cents.

Cordlife Group has acquired 2.7 million shares of StemLife Berhad, for RM1.22 million ($404,007) or RM0.45 for each StemLife share. With the acquisition, Cordlife’s stake in StemLife has increased to about 50.03% from 48.94%. Upon completion of the acquisition, StemLife will become a subsidiary of Cordlife. Cordlife closed 3.4% higher at $1.38 on Monday.

Spackman Entertainment Group is producing reality show series The Best Gift to be aired on China's state-owned network channel CCTV-4. Delmedia Co., a subsidiary of its associated company Spackman Media Group, has signed an agreement with Fengcan (Beijing) Culture Media to produce the series for RMB 23 million ($5.1 million). Spackman Entertainment Group closed 0.7% lower at 15 cents on Monday.

TTJ Holdings posted a 2% fall in 1Q earnings ended Oct (1Q16) to $4.1 million from $4.2 million a year ago on higher foreign exchange losses. Revenue rose 4% to $25.6 million to $24.7 million, lifted by higher sales from the group’s structural steel business. TTJ closed 1.6% higher at 31 cents on Monday.

ST Engineering said today that it has streamlined its businesses in San Antonio, US. The group hopes to strengthen its aircraft interior engineering capability and improve operational efficiency through its latest move. ST Engineering closed 1% higher at $2.97 today.

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