Thursday, January 12, 2012

Jan 12: China Fishery, Yoma Strategic, Qian Hu

Singapore shares may have a cautious start on Thursday as investors wait for results of bond auctions for Italy and Spain that could determine the direction of the euro zone crisis.

The benchmark Straits Times Index gained 1% on Wednesday to 2,747.13 points. Here are some stocks and factors to watch, according to Reuters:

Industrial fishing company China Fishery Group may be in focus after it said that it has decided not to go ahead with its dual primary listing in Hong Kong Stock Exchange due to the market condition.

Property company Yoma Strategic Holdings is betting on a middle class developing in Myanmar as it emerges from half a century of isolation under military rule, and investors are taking note.

Ornamental fish company Qian Hu said its fourth-quarter net profit rose 40% from a year earlier to $886,000 despite lower revenue, helped by the gains from selling its Guangzhou factory.

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