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Straits Times 3,203.93 -7.56 -0.24%
Hang Seng 27,124.55 -228.14 -0.83%
Dow Jones 27,219.52 +37.12 +0.14%
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STI Lunchbell Top Gainers And Losers – 30/09/14
Lunchbell Update | 30 September 2014
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By:

The Straits Times Index (STI) closed down 23.85 points (0.72%) at 3,265.87 on moderate volume of 477.89 million shares traded with 103 gainers and 217 losers as of 12:02pm.

Notable gainers were New Wave, Chinese Global, KLW, InnoPac and SBI Offshore, with New Wave leading the pack.

Notable losers were Jacks Intl, Smartflex, China Oilfield, LifeBrandz and Top Global , with Jacks Intl leading the pack.

In other alerts, LifeBrandz’s revenue sank 13.9 percent to $21.8 million for the year ended 31 July 2014, in conjunction to the closure and revamp of operating outlets, slowdown in crowd traffic and stiffer competition from other clubs in the vicinity. Total expenses expanded mainly due to a 256.9 percent increase in other operating expenses, mainly attributable to impairment loss on fixed assets and receivables. Subsequently, the company sank into losses of $5.7 million.

Singapore Exchange is expected to launch the trading of the Singapore kilobar gold contract on 13 October 2014. The contract is the first wholesale 25 kilobar gold contract to be offered globally and is catered to the continuing strong demand for physical gold in Asia. In addition, the gold contract is based on kilobar gold of at least 99.99 percent fineness of an approved brand, and minted from an approved refinery by the Singapore Bullion Market Association.

New Wave Hldgs  0.009 +0.003 +50.00%   
Business: Distributes active and passive components and aluminum products. [FY19 Turnover] Aluminium pdts distribution (88.1%), components distribution (11.9%).

Insight: May-19, FY19 revenue rose 5.1% boosted by contribu... Read More
Chinese Global Investors Group  -- -- --   
Business: Provides waterproofing and building protection solutions. [FY17 Geographical] Singapore (68.8%), Malaysia (16%), China & others (15.2%).

Insight: Aug-18, FY18 revenue decreased by 20.1% due to dec... Read More
KLW Hldgs  0.004 +0.001 +33.33%   
Business: Engaged in the manufacture and distribution of engineered doors.

Insight: May-19, FY19 revenue slid 9% primarily due to lowe... Read More
Innopac Hldgs  -- -- --   
Business: Co principally engages in investments of marketable securities, financial instruments and investment properties.

Insight: May-19, 9M19 revenue slid 56.3% due to decreased r... Read More
SBI Offshore  -- -- --   
Business: Distributes offshore drilling & pdtn rig eqmt to offshore players in APAC.

Insight: Feb-18, FY17 revenue decreased 65.2% to US$0.4m ma... Read More
Asia Vets Holdings  0.136 -0.044 -24.44%   
Business: Co is currently a cash company.

Insight: Feb-18, FY17 Co continues being a cash company tha... Read More


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