SG Market: Spore shares may trade rangebound today after a tepid session for US shares after reporting uneventful retail sales numbers, and as players await crucial US jobs data later in the global day. Investors may also want to pause to digest recent strong gains for the STI, which closed up 0.8% at 3280 yday, and almost 3% over the last 4 sessions...
Not much in the way of company news today; oil futures settling at a more than 2-wk low on Nymex Thursday may have some negative bearing on commodities plays, rig builders. 3300 next STI resistance with 3260 as likely support.
Stocks to watch (news flow on smaller caps today):
* Tee Int’l: 1H net profit increased to $6.9m from $4.5m a year ago.
* GMG: co said shipments from its facilities in the Ivory Coast have resumed after delays last month caused by the nation’s political crisis.
* Pan Hong: gets sh/h approval to spin off Jiangxi unit via HK IPO.
* China Taisan: to buy $28m of new machinery to boost pdtn capacity, twice the amount it estimated earlier.
* Marco Polo Marine: to acq a utility vessel for US$4.9m. to be deployed in Thailand.
* Mirach: signed an agreement with Shanghai Petroleum and Natural Gas Co to operate and seek new fields.
* SHC Capital: signed an agreement that may lead to the purchase of an
Indonesian general insurance company it didn’t identify.
* Stratech: to buy 80% of Global Telecom Co, a provider of network solutions in South Korea, for $7.6m in cash and shares.
Stock ratings:
* Venture: KE maintains Buy, lifts target to $11.80 from $11.30.
* First Reit: OCBC initiates at Buy with $0.84 target.
No comments:
Post a Comment