The Straits Times Index (STI) on Monday ended +4.78 points higher or +0.14% to 3330.28, taking the year-to-date performance to +5.23%. The top active stocks were OCBC Bank (-4.04%), DBS (+0.11%), UOB (+1.01%), CapitaLand (unchanged) and SingTel (+0.78%). Here are some stocks that could move the market this Tuesday morning:
United Engineers Limited said StarChase Motorsports (Singapore) has agreed to acquire the entire issued and paid-up share capital in each of Wearnes Automotive and Associated Motor Industries from its 67.6% owned subsidiary, WBL Corporation. StarChase a member of the StarChase group of companies which is a distributor and retailer of premium automobiles in some of Asia’s most populous regions. The consideration for the proposed disposal is $455 million on a debt-free, cash-free basis.
The manager of Cambridge Industrial Trust today announced the proposed acquisition of 12 Ang Mo Kio Street 65 for a purchase consideration of $39.8 million. This 6-storey purpose-built light industrial building has a GFA of approximately 16,762 square metres. The property is currently 85% leased.
Otto Marine, the offshore marine company which owns and operates offshore support vessels, announced that the group has secured time charter contracts with two Oil Majors for its Deep Water Anchor Handlers, GO Sirius and GO Spica, worth A$57 million ($66.2 million).
Cordlife Group, the stem cord bank, reported that earnings for the full year ended 30 June 2014 (FY2014) more than doubled to $30.4 million from a year ago (FY2013).
Singapore's sovereign wealth fund GIC Pte is in final talks to buy a Tokyo office tower for about 170 billion yen ($2 billion), three people with direct knowledge of the deal said, in what would be Japan's biggest property transaction since the global financial crisis.
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