Tuesday, January 5, 2016

SIA, Tigerair, Midas, GLP

The following stocks may be in focus today:

Singapore Airlines has raised its offer price for Tiger Airways to 45 cents per share from 41 cents per share originally. SIA stressed that this will be the final offer to shareholders. The new price represents a near 10% increase over the previous offer and values Tiger Air at about $1.125 billion.

Midas Holdings says joint venture company, Nanjing SR Puzhen Rail Transport Co. has secured a metro train contract worth RMB1.28 billion ($279 million).The contract is awarded by Guiyang Urban Rail Transit Co. for the Guiyang Rail Transit Line 1, with delivery scheduled between 2016 and 2017.

Global Logistic Properties has signed leases totalling 940,000 sf with three industry leaders in China including JD.com and Best Logistics.

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