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Straits Times 3,059.28 -13.16 -0.43%
Hang Seng 25,771.67 +19.29 +0.07%
Dow Jones 24,453.18 +29.92 +0.12%
Shanghai Composite 2,594.09 +9.51 +0.37%
STI Lunchbell Top Gainers And Losers – 11/03/15
Lunchbell Update | 11 March 2015
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The Straits Times Index (STI) traded at 3,383.42, down 14.84 points (0.44 percent) from previous close, at mid-day. The market traded on moderate volume of 771.7 million shares traded with 113 gainers and 266 losers as of 1:08pm.

Notable gainers were Junma Tyre Cord, Yong Xin Intl, Darco Water Tech, Renewable Energy and Acma, with Junma Tyre Cord leading the pack.

Notable losers were Hiap Tong, Infinio, Magnus Energy Group, China Oilfield and IPCO Intl, with Hiap Tong leading the pack.

Nam Cheong has won contracts for two vessels – a 200-men accommodation work vessel and a 12,000 brake horsepower anchor handling towing supply vessel – worth US$58 million. The new contracts raises the firm’s order book to approximately RM1.7 billion and are expected to contribute positively to its FY15 and FY16 results.

WE Holdings has entered into a non-binding memorandum of understanding to acquire the entire stake in Singapore Hua Kai Engineering Co, a firm primarily engaged in the trading of sand, dredging and the supply of processed sand, for $25 million. The group believes the proposed acquisition will provide it with a ready entry into the land reclamation business, which it anticipates will have an increased demand. The consideration will be paid in $8 million cash and $2 million worth of the firm’s shares, with the remaining $15 million paid over a three-year period subjected Hua Kai attaining certain net profit targets.

Renewable Energy Asia Group  -- -- --   
Business: Renewable energy biz.

Insight: Jun-14, Co inked a cooperative framework agreement... Read More
Hiap Tong Corp  -- -- --   
Business: Co provides hydraulic lifting and haulage services to marine, petrochemical, and construction industries.

Insight: May-18, FY18 revenue rose 4.1% mainly due to stron... Read More
Rich Capital  0.006 -- --   
Business: Co is engaged in the mining & resources biz.

Insight: Nov-17, Co recorded no revenue for 1H18 mainly due... Read More
Renaissance United  0.002 -- --   
Business: Co operates as a developer, turnkey contractor, and investor in oil and gas, power, transportation, water and environment, and industrial infrastructure projects. [FY18 Turnover] Gas distribution (60%), electronics and trading (40%).

Insight: Jun-18, Co achieved a 26.3% increase in FY18 turno... Read More
Nam Cheong  0.008 -- --   
Business: An offshore marine group specialising in the building of offshore support vessels. [FY16 Turnover] Shipbuilding (85.9%), vessel chartering (14.1%).

Insight: Nov-17, 9M17 revenue jumped almost five times due ... Read More
Accrelist  0.004 -- --   
Business: Formerly WE Holdings, Co distributes electronics components and test equipment for the disk drive industry.

Insight: May-18, FY18, Co registered a turnover of $112.5m ... Read More

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