The Straits Times Index (STI) on Wednesday ended 7.77 points or 0.23% higher to 3,342.96, taking the year-to-date performance to +5.63%. The top active stocks were DBS (+0.66%), OCBC Bank (+0.41%), UOB (+0.22%), SingTel (-0.51%) and STATS ChipPAC (+5.09%). Here are some stocks and factors that could move the market this Thursday morning:
Neo Group, the food catering group in Singapore, reported it has achieved earnings of $2.5 million for the six months ended July 2014 (6M2015), down 10.7% from $2.8 million in 6M2014 mainly due to the bottomline not capturing the full length of Chinese New Year season in the period as well as an increase in sales team and in advertising to drive business growth.
ST Engineering today announced that VT Mobile Aerospace Engineering, Inc (VT MAE) and the city of Pensacola have signed an agreement to set up an aircraft maintenance, repair and overhaul (MRO) facility at the Pensacola International Airport in Pensacola, Florida. This follows the signing of the Memorandum of Understanding in December 2013.
Global Logistic Properties, the provider of modern logistics facilities in China, Japan and Brazil, has signed new lease agreements totalling 936,000 square feet with three leading third-party logistics (3PL) companies in Eastern and Midwestern China. GLP is also extending strategic partnerships with Sinotrans and Best Logistics.
Sunmoon Food Company said it has signed a Letter of Intent (LOI) with Rio Vista Ventures LLC, trading under the business name of Giumarra, to form two joint venture companies to engage in the sourcing, acquisition, sale and distribution of fresh fruits and vegetables.
Olam International, the agri-business operating across the value chain in 65 countries, said its wholly-owned dairy farming subsidiary New Zealand Farming Systems Uruguay (NZFSU) will be investing US$80 million ($100.8 million) to establish a new dairy processing facility in the central region of Uruguay, accessible to its farms.
Mermaid Maritime Public Company Limited said it has established a 100% owned indirect subsidiary company, Mermaid International Ventures (MIV), through its 100% owned subsidiary, Mermaid Maritime Mauritius. Incorporated in the Cayman Islands, the main activity of MIV will be investment holding.
No comments:
Post a Comment