[ad_1]
Mon, October 19, 2020 – 8:55 am
THE following companies saw new developments that may affect their stock trading on Monday:
Singapore Post (SingPost): The postal service provider said on Monday that it plans to buy a 38 percent stake in Freight Management Holdings, a one-quarter logistics services company incorporated in Victoria, Australia, for AU $ 85 million ($ 84.1 million). Singaporeans) in cash. SingPost shares closed at 67.5 Singapore cents on Friday, down 0.5 cent or 0.7 percent.
Biolidics: The medical technology company issued a demand letter to Japan-based healthcare group Sysmex Corporation. Biolidics claimed that Sysmex violated its intellectual property obligations under a collaborative agreement for the joint development of biochips. Biolidics shares traded on the Catalist closed unchanged at 32.5 Singapore cents on Friday before the announcement.
Keppel DC Reit: The real estate investment trust joined the benchmark Straits Times index on Monday. Its units closed up S $ 0.05 or 1.7 percent at S $ 3.04 on Friday.
DBS: The bank is launching a new tranche of a structured product with an environmental, social and governance theme. Shares of DBS closed up S $ 0.32 or 1.5% to S $ 21.39 on Friday.
CLAUSE: A blow to the travel sector during the Covid-19 pandemic has validated and accelerated SATS’s plans to diversify its revenue streams from both aviation and Singapore’s domestic market. Shares of the on-board catering and shore services company closed down 0.04 Singapore dollars or 1.3 percent at 3.03 Singapore dollars on Friday.
Metech International: Clement Tay Ming Liang, CEO and CEO of the Catalonia-listed metals trader, resigned effective October 16 to “pursue his personal interests.” Metech shares closed up 0.2 Singapore cents or 1.7 percent at 12.2 cents on Friday, ahead of the announcement.
Rare: The Catalist-listed entertainment company said it expects to report a net loss for the first half of its financial year through September, as it was hit by the impact of the pandemic. UnUsUaL shares closed 0.1 Singapore cent or 0.7 percent lower at 13.6 cents on Friday before the announcement.
Olam International, Food Empire Holdings: Relatively inelastic demand for coffee, combined with the expected oversupply of coffee beans, can generate a stronger margin for coffee retailers and processors. Shares of Olam International closed unchanged at Singapore $ 1.29, while Food Empire Holdings closed up 1.5 Singapore cents or 2.6 percent at 60 cents on Friday.
Acesian partners: The High Court has accepted the request of the judicial managers and has ordered the liquidation of the 100% subsidiary of the company, Acesian Star (S). Shares of Acesian Partners closed unchanged at 1.1 Singapore cents on Friday, ahead of the announcement.
Commercial stop: Elite Commercial Reit, focused on the UK, requested a business interruption on Monday morning. Its units closed up £ 0.01 or 1.6 percent at £ 0.64 on Friday.
[ad_2]
