Friday, April 1, 2016

Sri Trang Agro, SATS, SingPost, Pacific Healthcare

Here are some stocks to watch this Friday morning.

Thailand’s Sri Trang Agro-Industry, which is dual-listed in Bangkok and Singapore, is hammering out a corporate transaction that could expand its rubber processing capacity by one-third to two million tonnes a year, The Edge Singapore understands from sources with knowledge of the deal. Sri Trang last closed at 45 cents on Thursday.

SATS has entered into a joint venture agreement with Oman Air SAOC (Oman Air) for cargo handling at Muscat International Airport. Under to the agreement, Oman Air will transfer its cargo handling business and related assets to its wholly-owned subsidiary Oman Air Cargo LLC. SATS will then acquire from Oman Air a 33% stake in Oman Air Cargo for $22.5 million. The jv company will then be renamed Oman SATS Cargo LLC. Oman SATS Cargo is expected to start operations during the second quarter of 2016. SATS last traded at $3.95.

Singapore Post has appointed Heidrick & Struggles to undertake the firm's corporate governance review, slated to be ready by July. It adds that a special audit into SingPost's corporate governance issues is in its final stages and a summary of the audit is expected to be communicated to shareholders in April. SingPost closed at $1.635.

Pacific Healthcare Holdings has announced the appointment of Leslie Koh Kok Heng as its chief executive officer from Friday. Formerly Pacific Healthcare's chief financial officer, Koh was initially appointed as the group's interim CEO following the resignation of the previous CEO, Wong Yee Kong to “pursue other career opportunities”. Pacific Healthcare last traded at 0.7 cent.

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