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Friday, September 18, 2020 – 9:10 AM M.
THE following companies saw new developments that may affect their stock trading on Friday:
Top Glove Corporation: The glove maker said on Thursday it is in talks with bankers about plans to list in Hong Kong within six to nine months, after “supernormal” demand for disposable gloves during the Covid-19 pandemic saw its quarterly earnings drop. will skyrocket to a company record. It had reported a net profit for the fourth quarter of fiscal year 20 of RM1.29 billion (S $ 423.8 million), approximately 17 times higher than its net profit for the prior year period. Shares of Top Glove closed at S $ 2.63 on Thursday, down S $ 0.37 or 12.3% after the announcement.
Singapore Stock Exchange (SGX): The stock trader announced the listing of the world’s largest pure government bond exchange-traded fund (ETF) to meet the growing demand from investors to access China’s bond markets. SGX shares closed at S $ 8.59 on Thursday, an increase of S $ 0.01 or 0.1 percent before the announcement.
Sunpower Group: The motherboard-listed environmental protection solutions provider won a manufacturing and service tender worth more than 150 million yuan (S $ 30.1 million) from energy and chemicals group Sinopec, a regular customer, he said Thursday night. The accountant ended the day at 53.5 Singapore cents, down 0.5 percent or 0.9 percent.
Mermaid Maritime Public Co: A wholly-owned subsidiary of the Thailand-based oil services specialist will invest 77.5 million baht (3.4 million Singaporean dollars) in a 50% stake in a joint venture that will develop robotics and artificial intelligence technology to provide subsea engineering business services. Shares of the motherboard-listed company closed at 6.1 Singapore cents on Thursday, down 0.1 cent or 1.6 percent ahead of the announcement.
SLB development: The Catalist-listed real estate developer said Thursday that it signed a purchase agreement with Thye Hong Manufacturing for the acquisition of Thye Hong Center at 2 Leng Kee Road, a six-story, wholly-owned industrial building for S $ 112.5 million, not including goods. and tax on services. The counter closed flat Thursday at 11.5 Singapore cents ahead of the announcement.
Figtree Holdings: Figtree Real Estate, a wholly owned subsidiary, will acquire a 27.5% stake in DC Alliance for AU $ 2.75 million (approximately S $ 2.7 million) in cash, making it its first investment. strategy in a data center. Shares of the Catalist-listed company closed unchanged Thursday at eight Singapore cents ahead of the announcement.
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