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Straits Times 3,210.99 -0.50 -0.02%
Hang Seng 27,079.16 -273.53 -1.00%
Dow Jones 27,219.52 +37.12 +0.14%
Shanghai Composite 3,034.41 +3.17 +0.10%
STI Lunchbell Top Gainers And Losers – 17/12/14
Lunchbell Update | 17 December 2014
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The Straits Times Index (STI) closed down 6.38 point (0.2 percent) at 3,208.71. The market traded on moderate volume of 134.04 million shares traded with 99 gainers and 228 losers as of 12:27pm.

Notable gainers were China Yuanbang, HuanHsin, UniFiber System, Annica and China Intl, with China Yuanbang leading the pack.

Notable losers were LH, Magnus Energy, Hor Kew, Amplefield and WE, with LH leading the pack.

Oversea-Chinese Banking Corporation announced the signing of a sales and purchase agreement to sell its entire 49 percent interest in Symphony BCSIS, to Symphony House. The cash consideration for the sales is approximately RM4.3 million ($1.6 million). As at 31 December 2013, the net asset value of Symphony BCSIS was approximately RM7.3 million ($2.7 million).

The Straits Trading Company announced a Rmb668.4 million acquisition of Times Midtown, a retail development in Nan ‘an District of Chongqing, China. Payment will be made progressively to Chongqing BBMG Dacheng Shanshui Properties Co upon completion of certain milestones. The mall will have a total gross floor area of 82,367 square metres, with excellent access to other parts of Chongqing via a link to the subway station in its basement floor. Making its first property investment in China, Straits Trading is expected to undertake further asset enhancement initiatives that will cost Rmb100 million to extract the best value from the property.

Huan Hsin Hldgs  -- -- --   
Business: Manufacturer of OEM & ODM used in products such as laptop hull module & printer. [FY18 Turnover] Wire, cable & related components (78.4%), moulded plastic pdts & finished pdt assembly (18.8%), others (2.8%).

Insight: Mar-19, FY18 revenue slid 35.3% in line with Co's ... Read More
Annica Hldgs  -- -- --   
Business: Co engages in the sale & trading of oil & gas equipment, provision of engineering services & developing of biomass projects. [FY17 Geographical] Malaysia (69.1%), Singapore (23.2%), Indonesia (7.7%).

Insight: Aug-18, 1H18 revenue decreased by 14% due to delay... Read More

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