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Tue, October 13, 2020 – 8:48 am
UPDATED Tue, Oct 13, 2020 – 9:34 am
THE following companies saw new developments that may affect their stock trading on Tuesday:
Keppel Corp: The conglomerate said late Monday that Keppel Telecommunications & Transportation is selling its 24.01% stake in Thailand-listed Business Online Public Company for about 827.6 million baht (S $ 36 million). Furthermore, Keppel’s partner Floatel International’s forbearance agreement with its bondholders has been extended again and covers some US $ 22.8 million in past due coupon payments. Shares of Keppel were up S $ 0.06, or 1.3 percent, to close at S $ 4.55, prior to these announcements.
iFast Corp: The main board-listed brokerage and wealth manager said unaudited financial results to be released for the third quarter ending September 30 may explain unusual price movements in the company’s shares on Monday. The accountant finished S $ 0.22 or 8.5% higher at S $ 2.82, prompting a set of inquiries from SGX RegCo at 4.55pm
Tee International: The motherboard-listed firm said independent auditor Foo Kon Tan LLP issued a disclaimer of opinion on the group’s financial statements for the financial year ended May 31, 2020. Shares of Tee International were unchanged on Monday at S $ 0.03, before the announcement.
Parkson Retail Asia: Its auditor has noted the department store operator’s ability to continue as a going concern, given that its total liabilities exceeded total assets by approximately S $ 66 million. Shares on the watchlist closed unchanged at 1.4 Singapore cents on Monday.
Fabchem China: The motherboard-listed company on Monday signed a non-binding term sheet for the acquisition of Australian power plant operator Renewable Power Management. This will result in a reverse acquisition if the acquisition goes through. After the market closed on Monday, the company listed on the watch list requested that its trading suspension be lifted. The counter last traded at S $ 0.15 before trading stopped on October 9.
Singapore Stock Exchange (SGX): The total value of the market turnover of securities on the Singapore Stock Exchange increased 23 percent from a year earlier in September to S $ 24.3 billion, while the average daily value of securities rose 18 percent. cent to S $ 1.11 billion. SGX closed S $ 0.03 or 0.33% higher at S $ 9.10 on Monday.
Civmec Limited: The dual-listed construction and engineering group announced on Monday that it has bagged multiple projects with a combined contract value totaling around A $ 175 million (Singapore $ 171.3 million). Civmec shares closed unchanged at S $ 0.37 on the Monday before the announcement.
AusGroup: Its subsidiary has been awarded a five-year contract for insulation and scaffolding services with public company Esso (Thailand), the group said in a regulatory statement on Monday. AusGroup, which is listed on Mainboard, ended unchanged at S $ 0.02 on the Monday before the announcement.
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