Singapore Market Highlights for the Day: ➤Penny stock compact metal industries were most actively traded with some 137 million shares worth s$9.4 million on Monday morning. ➤Singapore refining company will shut a secondary unit at its 290,000 barrels-per-day refinery in Singapore’s jurong island this month, sources with knowledge of the matter said on Monday. ➤Frasers centrepoint (TQ5.SI), which recently acquired australand (AUAOF) for a$2.6 billion (s$2.9 billion), has picked Bob Johnston as chief executive of the combined Frasers property Australia and australand businesses. ➤SembCorp Marine (S51.SI) has clinched a us$240 million contract to build a new jack-up drilling rig from repeat customer Bot lease co ltd (botl), a leasing company of the bank of tokyo-mitsubishi ufj. ➤SMRT Corp (S53.SI) gains 8.5 Singapore cents or nearly 6 per cent to s$1.57 in the early session. the firm announced last Friday an impressive set of results for second quarter ended September - net profit jumped 76 per cent to s$25.3 million on the back of a 6 per cent rise in revenue to s$314.0 million from a year ago. ➤OSK DMG has trimmed MTQ corporation ltds (M05.SI) target price to $1.77 on the back of lower utilization in the Singapore facility and slow starts in the binder group. ➤United Industrial Corporation (UIC) (U06.SI) has posted a 37 per cent year-on-year increase in third- quarter net profit to S$59.69 million, on the back of a 17 per cent rise in revenue to S$178.38 million. #CapitalVia SIngapore Update
Posted on: Mon, 03 Nov 2014 12:01:31 +0000