Singapore stocks may fall after a Chinese central bank adviser warned of slowing growth amid renewed concern Greece may exit the currency bloc. Corn and soybeans dropped after touching all-time highs.
Singapore share prices ended 0.4% lower on Friday, snapping a five-session rally. The blue-chip Straits Times Index fell 13.43 points to 3,015.53, reversing some of the index's 1.9% gain over the last five sessions. Despite the fall, the index still ended the week 0.7% higher.
Here are some stocks and factors to watch:
Heineken launched a $5.1 billion bid to take control of Asia Pacific Breweries, seeking to push out a Thai billionaire and would-be partner and setting up a battle for the maker of Tiger Beer. F&N said in a statement its board was considering Heineken's offer.
Wilmar International, Golden Agri-Resources, Indofood Agri Resources: Exports of palm oil from Indonesia, the world's biggest grower of the edible oil, are likely to drop after top consumer India effectively doubled import taxes on refined products in a move that could also push rival Malaysia to overhaul taxes.
Singapore healthcare services provider, Raffles Medical Group, reported on Monday a 6.8% increase in second-quarter net profit to $12.4 million from a year earlier. Revenue rose 15% to $76.9 million.
AsiaMedic said on Friday it had signed a memorandum of understanding with Myanmar's Ni Ni Diagnostics and Healthcare to potentially set up a joint venture in Myanmar. The Ni Ni Group operates medical centres providing diagnostic imaging and laboratory services in Yangon.
Singapore property developer Ho Bee Investment said on Friday its subsidiary had signed contracts to acquire two residential sites in the Gold Coast, Australia, for a total of A$30 million ($39 million).
China Animal Healthcare said talks to arrange third-party financing for the possible delisting of its shares from the SGX are now at an “advanced stage”.
JB Foods said its IPO of 100 million shares at 30 cents apiece was 4.1 times oversubscribed based on the total shares available in the placement and public tranches.
OKP Holdings’ 2Q earnings fall 55.2% to $3.1 million.
AusGroup subsidiary AGC Industries Pty Ltd (AGC), the fabrication, construction, manufacturing, maintenance and scaffolding services company, said it signed a A$48 million ($62.7 million) contract to carry out structural, mechanical and piping works for the inflow circuit of the plant the Jimblebar Project for BHP Billiton Iron Ore.
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