Here are some stocks to watch this Friday morning:
The Competition Commission of Singapore has slapped financial penalties totalling $909,302 on 10 financial advisers here. The financial advisers were found to have infringed the Competition Act by engaging in an anti-competitive agreement to pressurise their competitor, iFAST, to withdraw its offer of a 50% commission rebate on competing life insurance products on the latter's Fundsupermart.com website. iFAST closed 2% higher at $1.29.
UOB’s Taiwan asset management unit has attained the Securities Investment Trust Enterprise (SITE) licence in Taiwan. This allows Asset Management (UOBAM) (Taiwan) to offer a greater range of investment products such as onshore funds, as well as provide fund management services to domestic investors. The licence was awarded by the Financial Supervisory Commission of Taiwan. It is the first to be obtained by a fully foreign-owned fund management company in Taiwan since 2001. UOB ended at $19.23.
Midas Holdings, through its subsidiaries, has secured contracts worth RMB247.7 million ($52.4 million) to supply train car body components for high-speed trains and metro trains. Midas Holdings closed at 28 cents.
Environmental engineering company Citic Envirotech has landed two wastewater treatment projects worth $32 million in China. The projects will be funded by the proceeds from the group’s issuance of US$175 million ($241 million) senior perpetual securities in November last year. Citic Envirotech ended at $1.43.
South Korean shipping company Pan Ocean Co. saw its earnings for the year ended December plunge to US$34 million ($46.9 million), from US$748.5 million a year ago. This was largely due to a non-operating loss of US$95.2 million in 2015. The shipping segment recorded an increase in earnings in 2015 to US$1.76 million from US$1.6 million a year earlier. Revenue increased 2.7% to US$1.6 million. Pan Ocean last traded at $3.05 on March 8.
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The Competition Commission of Singapore has slapped financial penalties totalling $909,302 on 10 financial advisers here. The financial advisers were found to have infringed the Competition Act by engaging in an anti-competitive agreement to pressurise their competitor, iFAST, to withdraw its offer of a 50% commission rebate on competing life insurance products on the latter's Fundsupermart.com website. iFAST closed 2% higher at $1.29.
UOB’s Taiwan asset management unit has attained the Securities Investment Trust Enterprise (SITE) licence in Taiwan. This allows Asset Management (UOBAM) (Taiwan) to offer a greater range of investment products such as onshore funds, as well as provide fund management services to domestic investors. The licence was awarded by the Financial Supervisory Commission of Taiwan. It is the first to be obtained by a fully foreign-owned fund management company in Taiwan since 2001. UOB ended at $19.23.
Midas Holdings, through its subsidiaries, has secured contracts worth RMB247.7 million ($52.4 million) to supply train car body components for high-speed trains and metro trains. Midas Holdings closed at 28 cents.
Environmental engineering company Citic Envirotech has landed two wastewater treatment projects worth $32 million in China. The projects will be funded by the proceeds from the group’s issuance of US$175 million ($241 million) senior perpetual securities in November last year. Citic Envirotech ended at $1.43.
South Korean shipping company Pan Ocean Co. saw its earnings for the year ended December plunge to US$34 million ($46.9 million), from US$748.5 million a year ago. This was largely due to a non-operating loss of US$95.2 million in 2015. The shipping segment recorded an increase in earnings in 2015 to US$1.76 million from US$1.6 million a year earlier. Revenue increased 2.7% to US$1.6 million. Pan Ocean last traded at $3.05 on March 8.
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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