Here are some stocks to watch this Thursday morning.
OCBC’s private banking subsidiary, Bank of Singapore, has agreed to acquire the wealth and investment management business of Barclays Bank in Singapore and Hong Kong for US$320 million ($431.7 million) in cash. Barclays wealth and investment management business in Singapore and Hong Kong brings with it a base of more than 1,800 clients, with total AUM of US$18.3 billion as at Dec 31 2015, in two of OCBC Bank’s core markets – Singapore and Greater China. OCBC closed 0.11% lower at $8.72 on Wednesday.
Singapore Exchange says the total securities market turnover value in March rose 13% to $27.3 billion during the 22 trading days compared to 19 in February. March’s figure was also 9% higher compared to the 22 days in the same month a year ago. On the derivatives front, total volume was up 15% to 17.1 million from a year ago. The figure was also 23% higher than the month before. SGX ended 1.8% lower at $7.64 on Wednesday.
Keppel Corp says the Brazilian shipyard of Keppel Offshore & Marine has been awarded a floating production storage and offloading (FPSO) module fabrication and integration project by repeat customer MODEC Offshore Production Systems (Singapore) for a contract value of over 500 million real ($190 million). Keppel closed at $5.65.
Croesus Retail Trust has entered into a purchase and sale agreement to acquire Fuji Grand Natalie, a prominent and well-established income-producing suburban retail mall in Hatsukaichi City, Hiroshima Prefecture, for a consideration of JPY 3.3 billion ($40.2 million). Croesus Retail Trust last traded at 81 cents.
Triyards Holdings, the provider of offshore and marine engineering services, reported a 4% rise in 2Q earnings to US$5.3 million ($7.2 million) from a year ago on the back of higher revenue. Revenue for three months to February rose 15% to US$70.5 million, largely supported by work done on four liftboats, two multi-purpose support vessels and three chemical tankers. Triyards last traded at 38 cents.
The auditors of QT Vascular have expressed doubts whether the medical device manufacturer can continue as a going concern. KPMG says the company incurred a net loss of US$53 million for the current year and had deficiency in net assets of US$13.7 million and net current liabilities of US$23.9 million as of Dec 31. QT Vascular closed at 10.3 cents.
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OCBC’s private banking subsidiary, Bank of Singapore, has agreed to acquire the wealth and investment management business of Barclays Bank in Singapore and Hong Kong for US$320 million ($431.7 million) in cash. Barclays wealth and investment management business in Singapore and Hong Kong brings with it a base of more than 1,800 clients, with total AUM of US$18.3 billion as at Dec 31 2015, in two of OCBC Bank’s core markets – Singapore and Greater China. OCBC closed 0.11% lower at $8.72 on Wednesday.
Singapore Exchange says the total securities market turnover value in March rose 13% to $27.3 billion during the 22 trading days compared to 19 in February. March’s figure was also 9% higher compared to the 22 days in the same month a year ago. On the derivatives front, total volume was up 15% to 17.1 million from a year ago. The figure was also 23% higher than the month before. SGX ended 1.8% lower at $7.64 on Wednesday.
Keppel Corp says the Brazilian shipyard of Keppel Offshore & Marine has been awarded a floating production storage and offloading (FPSO) module fabrication and integration project by repeat customer MODEC Offshore Production Systems (Singapore) for a contract value of over 500 million real ($190 million). Keppel closed at $5.65.
Croesus Retail Trust has entered into a purchase and sale agreement to acquire Fuji Grand Natalie, a prominent and well-established income-producing suburban retail mall in Hatsukaichi City, Hiroshima Prefecture, for a consideration of JPY 3.3 billion ($40.2 million). Croesus Retail Trust last traded at 81 cents.
Triyards Holdings, the provider of offshore and marine engineering services, reported a 4% rise in 2Q earnings to US$5.3 million ($7.2 million) from a year ago on the back of higher revenue. Revenue for three months to February rose 15% to US$70.5 million, largely supported by work done on four liftboats, two multi-purpose support vessels and three chemical tankers. Triyards last traded at 38 cents.
The auditors of QT Vascular have expressed doubts whether the medical device manufacturer can continue as a going concern. KPMG says the company incurred a net loss of US$53 million for the current year and had deficiency in net assets of US$13.7 million and net current liabilities of US$23.9 million as of Dec 31. QT Vascular closed at 10.3 cents.
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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