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Friday, March 11, 2016

OCBC, M1, Singtel, StarHub, Datapulse Technology, Lifebrandz, Sysma Holdings

The following stocks may be in focus today:

Oversea-Chinese Banking Corp has priced A$300 million ($309.8 million) of senior floating rate notes due 2020 under its US$10 billion global medium term note program. It will bear interest at the three-month bank bill swap reference rate plus 1.2 % per annum, payable quarterly in arrears.

Datapulse Technology has swung into a net loss of $580,000 in the second quarter ended Jan 31, 2016, from earnings of $71,000 a year ago. Revenue tumbled 21.5% to $4.8 million from $6.1 million previously, due to weak demand for media storage products and services and cards products and services in the quarter.

LifeBrandz’s loss from continuing operations widened to $366,000 in the second quarter ended Jan 31, 2016, from $294,000 a year ago. Revenue declined 20% to $303,000 from $377,000, mainly due to lower F&B sales activities for Mulligan’s, an Irish bar it owns at Clarke Quay.

Earnings of construction services provider Sysma Holdings tumbled 68.6% to $499,000 in 1HFY2016, from $1.6 million a year ago. The poorer bottom line was partly due to a higher effective income tax rate of 22.1% during the period compared to an income tax refund last year. Revenue, however, jumped 17.6% to $68 million from $57.8 million previously, despite the absence of revenue contribution from its former petroleum and chemical distribution business.

StarHub has introduced a new 3GB-for-S$3 data upsized option for mobile postpaid customers, the telco announced after the market closed on Thursday. Customers who sign up for or renew their StarHub 4G plans can enjoy the new 3GB data upsize at a promotional monthly rate of $3. The usual monthly rate of $6 will apply for customers who sign up from April 1.

M1 has added its mySIM+ 15 and mySIM+ 20 plans to its existing post-paid plans, which allow mobile subscribers to not commit to a two-year contract. For $15 a month, the mySIM+ 15 plan offers 1GB data, 100 minutes of calls and 600 SMS/MMS. For $20 a month, mySIM+ 20 offers 4GB data, 150 minutes of calls and 800 SMS/MMS. M1 also launched a new upsized data feature, priced at $5.90 a month, for new and recontracting customers to boost their data bundles by up to 12GB. M1's Upsized Data bundle will be available for use and billed from 1 April 2016. In a bid to expand its data-centric mobile plan offerings, Singtel introduced DataX2 on Wednesday. This new feature allows customers to double their mobile data allowance for $5.90 net a month.

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