Wednesday, 20 September 2017

Stocks to watch: Great Eastern, OCBC, CCT, Raffles Education


THE accompanying organizations saw new improvements that may influence exchanging of their offers on Thursday: 

Awesome Eastern Holdings: Great Eastern on Thursday said it is "evaluating conceivable choices" in light of reports on Wednesday that it was hoping to offer its stake in its Malaysian unit. In a documenting to the Singapore Exchange (SGX), the guarantor said the evaluation includes "a minority stake in Great Eastern Life Assurance (Malaysia) Berhad". Awesome Eastern exchanged 19 Singapore pennies bring down on Wednesday to close at S$25.70 an offer.

Oversea-Chinese Banking Corporation (OCBC): The potential offer of a stake in Great Eastern's Malaysian operations may show some "little esteem" for OCBC investors, a DBS Group looks into report said on Wednesday. By and large, Great Eastern contributes around 15 for each penny to OCBC's pre-charge gather income as OCBC holds 87.8 for every penny of Great Eastern. OCBC last exchanged at S$11.01 an offer on Wednesday.

CapitaLand Commercial Trust Management (CCT): CCT asked for an exchanging end on Thursday morning, pending the arrival of a few declarations. CCT shut at S$1.695 on Wednesday. 


Wagers Education Corporation: because of a SGX question on its exchanging action, director and gathering CEO of Raffles Education, Chew Hua Seng, said that he hosted been drawn closer by different gatherings every once in a while with respect to his shareholding in the organization. Be that as it may, no authoritative assertion has been gone into, and these exchanges have stopped. The gathering likewise reported yesterday that it has gotten the warning of offers buys by its significant investor, Oei Hong Leong. Pools Education last exchanged at S$0.265 an offer on Wednesday.

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