Here are some stocks and factors to watch this Thursday morning.
Singapore's purchasing managers' index contracted for the fifth consecutive month in November, weighed down by lacklustre global demand. The PMI posted a reading of 49.2 last month as new domestic and export orders extended their decline. While this was slightly higher than October's 48.9, it was still below the key 50 mark, suggesting contraction.
Sembcorp Marine says a standstill agreement has been reached between North Atlantic Drilling and subsidiary Jurong Shipyard for the delivery of the sixth generation harsh environment semi-submersible drilling rig, the West Rigel, until June 2016. During the standstill, SembMarine says North Atlantic will continue to market the drilling rig for a contract while Jurong Shipyard find a buyer for the rig. SembMarine closed at $1.97 on Wednesday.
iFAST Corp has received regulatory approval to buy Hongkong stockbroking firm Winfield Securities for about HK$14.7 million ($2.67 million). The purchase price will be financed using iFAST's initial public offering proceeds. iFAST shares closed at $1.415 on Wednesday.
KS Energy says its indirect subsidiary, Atlantic Onshore Services B.V., has clinched a contract for the KS Discoverer 3 land drilling rig worth an estimated US$4.1 million ($5.8 million). The work in Pakistan is expected to begin in January next year, says the drilling and rig services provider. Shares of KS Energy ended flat at 26 cents.
CEFC International says the unusual trade volume it experienced yesterday may be explained by several previous announcements made to the Singapore Exchange (SGX). These announcements refer to the petrochemical products trader's 3Q results, corporate presentation materials and a further clarification in response to a previous SGX query. Shares of CEFC International ended higher at 38 cents.
Limestone miner GCCP Resources says vendor Ujiteknik Geoenviro has dropped a RM321,368 ($107,025) lawsuit against subsidiary Gridland, and that there will be no further legal proceedings on that dispute. Gridland has also withdrawn its counterclaim for RM163 million related to the same dispute. GCCP ended at 14.5 cents.
Mirach Energy says the company will be put on the Watch-List of the Singapore Exchange from Thursday. The company says it will “endeavour to meet the requirements of Listing Rule 1314 as soon a possible to exit from the watch-list, via improved operations, albeit a weaker Minerals, Oil and Gas industry climate as a whole”. Mirach Energy last traded at 25 cents.
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Singapore's purchasing managers' index contracted for the fifth consecutive month in November, weighed down by lacklustre global demand. The PMI posted a reading of 49.2 last month as new domestic and export orders extended their decline. While this was slightly higher than October's 48.9, it was still below the key 50 mark, suggesting contraction.
Sembcorp Marine says a standstill agreement has been reached between North Atlantic Drilling and subsidiary Jurong Shipyard for the delivery of the sixth generation harsh environment semi-submersible drilling rig, the West Rigel, until June 2016. During the standstill, SembMarine says North Atlantic will continue to market the drilling rig for a contract while Jurong Shipyard find a buyer for the rig. SembMarine closed at $1.97 on Wednesday.
iFAST Corp has received regulatory approval to buy Hongkong stockbroking firm Winfield Securities for about HK$14.7 million ($2.67 million). The purchase price will be financed using iFAST's initial public offering proceeds. iFAST shares closed at $1.415 on Wednesday.
KS Energy says its indirect subsidiary, Atlantic Onshore Services B.V., has clinched a contract for the KS Discoverer 3 land drilling rig worth an estimated US$4.1 million ($5.8 million). The work in Pakistan is expected to begin in January next year, says the drilling and rig services provider. Shares of KS Energy ended flat at 26 cents.
CEFC International says the unusual trade volume it experienced yesterday may be explained by several previous announcements made to the Singapore Exchange (SGX). These announcements refer to the petrochemical products trader's 3Q results, corporate presentation materials and a further clarification in response to a previous SGX query. Shares of CEFC International ended higher at 38 cents.
Limestone miner GCCP Resources says vendor Ujiteknik Geoenviro has dropped a RM321,368 ($107,025) lawsuit against subsidiary Gridland, and that there will be no further legal proceedings on that dispute. Gridland has also withdrawn its counterclaim for RM163 million related to the same dispute. GCCP ended at 14.5 cents.
Mirach Energy says the company will be put on the Watch-List of the Singapore Exchange from Thursday. The company says it will “endeavour to meet the requirements of Listing Rule 1314 as soon a possible to exit from the watch-list, via improved operations, albeit a weaker Minerals, Oil and Gas industry climate as a whole”. Mirach Energy last traded at 25 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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