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Straits Times 3,159.68 +0.88 +0.03%
Hang Seng 26,435.67 -33.28 -0.13%
Dow Jones 26,935.07 -159.72 -0.59%
Shanghai Composite 3,006.45 +7.17 +0.24%
STI Lunchbell Top Gainers And Losers – 15/01/15
Lunchbell Update | 15 January 2015
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The Straits Times Index (STI) traded at 3,329.10, up 2.94 points (0.09 percent) from previous close, at mid-day. The market traded on moderate volume of 77.81 million shares traded with 165 gainers and 132 losers as of 12:03pm.

Notable gainers were Popular Holdings, Jasper Investments, WE Holdings, LCD Global Investments and Oceanus Group, with Popular leading the pack.

Notable losers were Foreland Fabrictech Holdings, Linair Technologies, China Great Land Holdings, Debao Property Development and Darco Water Technologies, with Foreland Fabrictech leading the pack.

Popular Holdings announced the receipt of a voluntary conditional cash offer from Grand Apex Holdings, for all issued and paid-up shares of the company at $0.32 per share. Popular Holdings’ chief executive officer Chou Cheng Ngok jointly owns Grand Apex together with his wife, Hu Nan Lee, and believes that the privatisation will provide greater management flexibility to develop its business, optimise use of resources and facilitate strategic initiates and operational changes. Shares of the company surged as it opened at $0.315 this morning. Its last traded price before the trading halt was $0.23.

Singapore Post has indirectly acquired a 90 percent interest in Famous Pacific Shipping (NZ) through its subsidiary Famous Holdings. An initial consideration of NZ$3.6 million (approximately $3.7 million) has been paid. However, the considered sum will be subjected to working capital adjustments. Coupled with a potential earn-out consideration of up to NZ$4.4m, SingPost could be looking at NZ$8 million for the investment. Net asset value of Famous Pacific Shipping (NZ) for FY14 stood at NZ$0.8 million (approximately $0.8 million). The acquisition will widen SingPost’s freight network, and allow entry into New Zealand’s freight market.

Jasper Investments  -- -- --   
Business: Principally invests in the offshore oil and gas drilling and svcs sector - key subsi, Jasper Offshore, owns oil rigs for deep sea drilling that are contracted out for exploration and pdtn activities.

Insight: May-19, FY19, Co did not register any revenue for ... Read More
AF Global  -- -- --   
Business: [FY18 Turnover] Hotel & service residence (95.4%), leisure & others (4.6%).

Insight: Feb-19, FY18 revenue decreased 6% to $33.9m. Holid... Read More
Oceanus Group  0.004 +0.001 +33.33%   
Business: Co's principal biz activities include aquaculture pdtn & abalone processing & distribution.

Insight: May-19, 1Q19 revenue slid 32.4% mainly due to a de... Read More
Acesian Partners  -- -- --   
Business: Co supplies and installs environment-control exhaust systems in Singapore and China. [FY18 Turnover] Manufacturing (69.4%), engineering services (30.6%).

Insight: Feb-19, FY18 revenue jumped 70.6% to $20.5m arisin... Read More
China Great Land Hldgs  -- -- --   
Business: Co is a cash company.

Insight: Aug-18, 1H18, No revenue generated as no project w... Read More
Singapore Post  0.945 +0.025 +2.72%   
Business: [FY19 Turnover] Post and Parcel (47.8%), logistics (31%), eCommerce (15.5%), property (5.7%).

Insight: May-19, FY19 revenue rose 2.9% to $1.6b largely du... Read More


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