Here are some stocks to watch this Thursday morning.
Ezra Holdings reported a 1Q net loss of US$53.7 million ($77.2 million), compared to earnings of US$60.6 million the year before. The group cited lower gross profit and higher expenses amid a challenging market as reasons for its loss. Overall, revenue increased 19% to US$152.3 million, mainly due to higher sales from marine services division. Ezra closed 1.3% lower at 7.8 cents on Wednesday.
ST Engineering said on Wednesday it has secured $435 million worth of contracts in the last quarter of last year. The contracts were secured by its electronic arm, ST Electronics, for Rail Electronic & Transportation, Satellite & Broadband Communications, as well as Advanced Electronics & Information Communications Technologies solutions. ST Engineering closed at $2.90.
Cambridge Industrial Trust's 4Q DPU posted a 9% fall to 1.139 cents from 1.252 cents a year ago. The drop was due to a change in form of payment of management from units to cash as well as the absence of capital distribution compared to 4Q14. For the full year, DPU fell 4.2% to 4.793 cents from 5.004 cents a year ago due to lower distributions from capital and capital gains. Units of CIT last closed at 55 cents.
Frasers Hospitality, the hospitality arm of mainboard-listed Frasers Centrepoint, has launched its first gold standard serviced residence in Switzerland. The opening of the 67-unit Fraser Suites Geneva brings Frasers Hospitality's portfolio in Europe to 55 properties. Frasers Centrepoint closed at $1.625 on Wednesday.
Eindec Corporation, the clean air solutions provider, says its placement of 35.8 million shares at 21 cents each were fully subscribed by noon on Wednesday, raising $7.5 million from its IPO. Chinese property developer Weiye will maintain its 66.8% stake after the placement. Eindec will begin trading on Jan 15 on Catalist.
Viva Industrial Trust says it has completed the acquisition of two light industrial properties, and a third property acquisition is expected to be completed in 1Q2016. The new properties will raise its portfolio value to about $1.2 billion. The counter closed at 69.5 cents.
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Ezra Holdings reported a 1Q net loss of US$53.7 million ($77.2 million), compared to earnings of US$60.6 million the year before. The group cited lower gross profit and higher expenses amid a challenging market as reasons for its loss. Overall, revenue increased 19% to US$152.3 million, mainly due to higher sales from marine services division. Ezra closed 1.3% lower at 7.8 cents on Wednesday.
ST Engineering said on Wednesday it has secured $435 million worth of contracts in the last quarter of last year. The contracts were secured by its electronic arm, ST Electronics, for Rail Electronic & Transportation, Satellite & Broadband Communications, as well as Advanced Electronics & Information Communications Technologies solutions. ST Engineering closed at $2.90.
Cambridge Industrial Trust's 4Q DPU posted a 9% fall to 1.139 cents from 1.252 cents a year ago. The drop was due to a change in form of payment of management from units to cash as well as the absence of capital distribution compared to 4Q14. For the full year, DPU fell 4.2% to 4.793 cents from 5.004 cents a year ago due to lower distributions from capital and capital gains. Units of CIT last closed at 55 cents.
Frasers Hospitality, the hospitality arm of mainboard-listed Frasers Centrepoint, has launched its first gold standard serviced residence in Switzerland. The opening of the 67-unit Fraser Suites Geneva brings Frasers Hospitality's portfolio in Europe to 55 properties. Frasers Centrepoint closed at $1.625 on Wednesday.
Eindec Corporation, the clean air solutions provider, says its placement of 35.8 million shares at 21 cents each were fully subscribed by noon on Wednesday, raising $7.5 million from its IPO. Chinese property developer Weiye will maintain its 66.8% stake after the placement. Eindec will begin trading on Jan 15 on Catalist.
Viva Industrial Trust says it has completed the acquisition of two light industrial properties, and a third property acquisition is expected to be completed in 1Q2016. The new properties will raise its portfolio value to about $1.2 billion. The counter closed at 69.5 cents.
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I just stayed at Fraser Suites with my girlfriend and would highly recommend!
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