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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 – 13/03/15
Lunchbell Update | 13 March 2015
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The Straits Times Index (STI) traded at 3,366.53, down 7.07 points (0.21 percent) from previous close, at mid-day. The market traded on moderate volume of 549.9 million shares traded with 172 gainers and 142 losers as of 1:14pm.

Notable gainers were Sinotel Tech, Lereno Bio-Chem, MDR, Vicplas Intl and Albedo, with Sinotel Tech leading the pack.

Notable losers were Next-Gen Sat, China Oilfield, S i2i, Edition and Elektromotive , with Next-Gen Sat leading the pack.

Nordic Group entered into a non-binding memorandum of understanding to fully acquire Austin Energy (Asia) for $26 million. Austin Energy is principally engaged in the provision of construction services including thermal insulation, fire proofing in the petrochemical, pharmaceutical and offshore industries. The group views that the acquisition will be synergistic to its existing businesses as well as an avenue to broaden its service offering. The acquisition will be financed through internally generated funds and bank borrowings.

Raffles Education Corporation via its subsidiaries, agreed to acquire the remaining 41.8 percent of share capital in Educomp-Raffles Higher Education for INR986.4 million (approximately $21.6 million). The target company was set up through a joint venture between Raffles Education and Educomp Solutions to launch campuses and learning centres in India. The company intends to fund the acquisition via a combination of bank borrowings and internal resources.

MDR  0.002 -- --   
Business: After-market service provider for mobile phones & various consumer electronics products. [FY18 Turnover] Distribution mgt solutions (DMS) (90.2%), after mkt svcs (AMS) (7.3%), digital inkjet printing for out of home advertising solutions (DPAS) (2%), investment (0.5%).

Insight: May-19, 1Q19 revenue rose 7.2% mainly due to incre... Read More
VicPlas Int'l  -- -- --   
Business: R&D & mfr of medical devices thru our subsi, Forefront Medical Tech; mfg plastic bldg pdts i.e. pipes. [FY18 Turnover] Pipes & pipe fittings (55.8%), medical devices (44.2%).

Insight: Sep-18, FY18 revenue rose 7.8% to $68.7m mainly du... Read More
NGSC  -- -- --   
Business: Engaged in the business of providing satellite-based services to a variety of industries.

Insight: Feb-19, 9M19, Co did not register any revenue for ... Read More
Edition  -- -- --   
Business: Co engages in project management and property development activities in Singapore and Malaysia.

Insight: Feb-19, FY18 revenue was 91% lower at $46,000. Thi... Read More
Nordic Group  0.265 -- --   
Business: Co is an automation integration solutions provider for marine, oil & gas control systems, with a sales & support network that spans Asia & Europe. [FY18 Turnover] Project services (54.6%), maintenance services (41.2%), others (4.2%).

Insight: May-19, 1Q19 revenue slid 14.1% due to decreased r... Read More
Raffles Education Corp  -- -- --   
Business: Co is the largest private education group in Asia-Pacific. [FY18 Turnover] Education (81.6%), education facilities rental service (13.6%), real estate investment (4.8%).

Insight: Feb-19, 1H19 revenue fell 0.3% to $48.7m due to ch... Read More

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