The Straits Times Index (STI) on Friday ended -3.13 points lower or -0.09% to 3327.09, taking the year-to-date performance to +5.12%. The top active stocks were OCBC Bank (+0.91%), STATS ChipPAC (+13.64%), ThaiBev (+3.65%), SingTel (-0.51%) and DBS (-0.22%). Here are some stocks and factors that could move the market today:
CapitaLand today announced that Jason Leow, currently CEO of CapitaLand China (CL China), will be appointed as CEO of CapitaMalls Asia (CMA) with effect from 15 September 2014. He will take over from Lim Beng Chee, who has decided to take a personal sabbatical and will leave CapitaLand by 31 December 2014.
Global Yellow Pages said the company’s indirect wholly-owned subsidiary, Global Food Retail Group, has agreed to acquire all the intellectual property rights including recipes and formulas held Wendy’s Supa Sundaes (WSS) and Innovation Ice Cream (IIC) for a consideration A$10 million ($11.67 million).
Jasper Investments said subsidiary Jasper cosmopolitan has been unable to raise sufficient funds to take delivery of the Jasper Cosmopolitan vessel. As such, shipbuilder Yiulian Shipyard has exercised its right to seek to sell the Jasper Cosmopolitan vessel.
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