Market:
The STI went up 4.03 pts to close at 2,851.64.
Volumes were at 991.3 mln at a value of S$1.03 bln. This means on average each share is worth $1.039.
Losers outpaced gainers 2 to 1.
*****
Stories of note:
OTTO MARINE LIMITED
Extends its specialized offshore services into North America
OVERSEAS UNION ENTERPRISES LIMITED
Raises S$425mln loan from OCBC
CHINA GAOXIAN FIBRE FABRIC HOLDINGS LIMITED
Seeks dual listing on the main board of the Korean Exchange
FRASER & NEAVE
Frasers Centrepoint acquires 13.7 hectares of site in Sydney
SAIZEN REIT
Moody’s revises outlook of REIT to stable from negative
KHONG GUAN
FY2010 Revenue: -3% to S$59.6 mln
Net Profit: S$6.3 mln vs S$85,000
Cash From Operations: S$1.2 mln vs -S$1 mln
Final Dividend: S$0.03, Special Divided: S$0.01
FREIGHT LINKS EXPRESS
FY2010 Revenue: -8% to S$125.8 mln
Net Profit: +73% to S$15.2 mln
Cash From Operations: S$14.2 mln vs S$28.2 mln
Final Dividend: 0.25 cents, Special Dividend: 0.1 cent
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