Shares in Singapore recovered from earlier losses to end flat on Thursday, on expectations that the US Federal Reserve may reduce its stimulus programme soon. The Straits Times Index declined 0.06 per cent, or 1.70 points, to end at 3,059.04. Here are some stocks and factors that could affect the market this Friday morning:
SingTel’s mio TV has been slapped with yet another record-breaking fine -- a $220,000 one for an island-wide service disruption on May 15. The disruption, which lasted nine hours, affected around 26,000 Mio TV subscribers across various parts of Singapore, the Media Development Authority of Singapore (MDA) said on Thursday. This disruption coincided with a crucial English Premier League match between Arsenal and Wigan.
TTJ has reported 45% higher earnings of $4.9 million for the quarter ended 31 October 2013 (1QFY2014) compared to $3.2 million a year ago (1QFY2013) as profitability improved with gross profit margin rising from 14.4% in 1QFY2013 to 25.3% in 1QFY2014. Revenue in fact declined 26% to $32.1 million from $43.2 mainly due to lower sales recorded in the structural steel business.
Keppel REIT says both the office and newly completed retail space at Ocean Financial Centre are fully committed. With this, all of Keppel REIT’s five Singapore properties are now 100% occupied, up from its Singapore portfolio average occupancy of 99.5% as at end-September 2013. This is also higher than the average Singapore CBD occupancy of 93.5% for the third quarter of 2013.
KSH Holdings’ wholly-owned subsidiary, Kim Seng Heng Engineering Construction (Pte), has won a $42.5 million construction contract by United World College of South East Asia. Under the contract, the group will carry out work on the proposed addition of 1 block of five-storey building with other ancillary works to the existing UWCSEA campus at 1207 Dover Road Singapore 139654. Construction is expected to commence in December 2013, with completion expected within 20 months.
Sheng Siong Group’s wholly-owned subsidiary, Sheng Siong Supermarket Pte Ltd, has been granted an option to purchase the commercial premises situated at Block 71 Kallang Bahru #01-531 Singapore 330071 for a consideration of $13.5 million. The Property has a floor area of 779 square metres and is located within a two storey shopping complex. The remaining leasehold tenure of the property is 60 years. The property is intended to be acquired subject to an existing tenancy which expires on 24 October 2014. The group intends to occupy and use the Property for the operation of a supermarket following the expiry of the existing tenancy which expires on 24 October 2014.
Cosco Corporation (Singapore) said that Cosco (Guangdong) Shipyard Co., a subsidiary of the company’s 51% owned Cosco Shipyard Group Co., has delivered a 4,500 sqm livestock carrier Ganado Express to its European buyer. The delivery documents were signed by and between Cosco Guangdong and the buyer recently. The livestock carrier measures 134.8 meters in length of all, 19.6 meters in breadth and 9.6 meters in depth.
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