Monday, January 4, 2016

Pacific Andes, Yoma Strategic, Noble, Second Chance Properties

The following stocks may be in focus today:

The board of industrial fishing firm Pacific Andes Resources Development has formed a committee to look into the circumstances that led its subsidiary, China Fishery Group, into provisional liquidation.

Yoma Strategic Holdings has extended until 2048 the lease for its landmark hotel project at the former headquarters of the Myanmar Railway Company.

The chief executive of embattled commodity trader Noble Group defended its financial position after what it called an "unexpected" move by Moody's Investors Service to cut its credit rating to junk status, slamming its stocks and bonds.

Second Chance Properties posted a 48.4% rise in earnings to $2.5 million for the 1Q16 ended November, despite revenue recording a fall of 7.1% to $8.2 million.

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