Stocks to watch: First Sponsor, Mencast, Chiwayland

WITH the quarterly earnings reporting season largely over, all eyes are on the US Federal Reserve chairman's speech this week, which will likely set the tone for the US dollar and in turn oil prices.

Some of the stocks to watch on Monday are:

First Sponsor Group: It has tied up with China Vanke and Regent Land Investment Holdings in developing the group's mixed-use project in Dongguan in Guangdong province. The group said on Monday it had on Aug 19 entered into a share subscription agreement and assignment agreement with subsidiaries of China Vanke and Regent Land for the collaboration.

First Sponsor will retain a significant 30 per cent stake in the project, while Vanke and Regent Land will end up with 55 per cent and 15 per cent interests respectively. First Sponsor's net gain from the transaction is expected to be about S$95.3 million.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