Tuesday, 27 February 2018

Stocks to watch: Pacific Radiance, Centurion, CDL, Cityneon, Fragrance Group, UMS

SINGAPORE - The accompanying organizations saw new improvements that may influence exchanging of their offers on Wednesday (Feb 28): 

Pacific Radiance: Offshore marine administrator Pacific Radiance declared before showcase open on Wednesday morning a deliberate suspension of exchanging its offers with prompt impact, saying it will keep on pursueing finishing its obligation rebuilding after noteholders voted down an arrangement. (See adjustment note) At a gathering on Monday, the holders of S$100 million 4.3 for each penny medium-term notes voted against the arrangement to change over all their obligation into new value at 19 new offers for each S$5 held, or at 26.3 Singapore pennies for each offer. A moment proposition for one coupon installment and the expansion of talks was likewise voted down. Pacific Radiance keep going exchanged at US$0.078 on Feb 22. 

Centurion Corporation: Centurion has posted a 27 for every penny fall in net benefit to S$9.3 million for the final quarter finished Dec 31, down from S$12.8 million a year prior. This was in accordance with a 4 for every penny fall in income to S$33.6 million this year from S$35 million, due for the most part to a diminished commitment from Westlite Tuas in Singapore. Profit per share (EPS) came up to 0.73 Singapore penny for the quarter, contrasted with 0.40 penny a year ago. The board has suggested a last profit of one Singapore penny for each offer, and an extraordinary profit of 0.5 penny for every offer, bringing absolute profit payout for the 2017 monetary year to 2.5 pennies. Offers in Centurion shut at S$0.515 each on Tuesday. 

City Developments Limited (CDL): CDL on Wednesday posted a 23 for every penny fall in net benefit to S$186.7 million for the final quarter finished Dec 31, down from S$243.8 million a year prior. Income ascended by about 14 for every penny to S$1.33 billion for the quarter. EPS for the property engineer came up to 19.8 Singapore pennies, versus 26.1 pennies in the earlier year. CDL has suggested an exceptional last conventional profit of six Singapore pennies for each offer, notwithstanding the last customary profit of eight pennies for every offer. Offers in CDL shut at S$12.73 each on Tuesday. 

Cityneon Holdings: Mainboard-recorded Cityneon's monetary 2017 entire year net benefit dramatically increased to S$17.39 million from S$6.68 million a year ago. EPS remained at 7.1 Singapore pennies for FY17, up from 2.8 Singapore pennies in the year-prior period. No profit has been pronounced for the current money related period, unaltered from the former year. Also, the gathering's income rose 20.7 for each penny to S$116.74 million for the year, thought about against a year ago. While income from its different sections fell, this was more than counterbalance by an expansion in income from the gathering's Intellectual Property Rights specialty unit. Offers in Cityneon exchanged 3.77 for each penny, or four Singapore pennies higher to close at S$1.10 each on Tuesday. 

Scent Group: Full-year net benefit for Fragrance Group climbed more than fivefold to S$48.55 million on higher turnover, other working salary and offer of aftereffects of a joint wander. EPS for the year finished Dec 31 was 0.72 Singapore penny, up from 0.11 Singapore penny for FY16. Likewise, turnover bounced 66.8 for each penny to S$198.02 million on a 58.7 for each penny increment in commitment from property improvement, for the most part because of the City Gate venture, higher rental wage from its speculation properties, and first-time commitments from its five inns in the United Kingdom. The counter shut at S$0.154 each on Tuesday. 

UMS Holdings: The accuracy producer revealed a guard year as solid semiconductor deals floated comes about for the final quarter and entire year of FY17. Benefit inferable from proprietors of the organization for the final quarter finished Dec 31 soared 166 for every penny to S$15.83 million, on the back of a 13 for each penny ascend in income to S$38.67 million. EPS rose to 2.95 Singapore pennies in Q4 2017, up from a rehashed 1.26 Singapore pennies in the year-back period. UMS shut at S$1.14 on Tuesday, down one Singapore penny or 0.87 for every penny. 

Remedy take note of: A prior adaptation of the article expressed that Pacific Radiance shares were in required suspension. This is wrong. The article has been refreshed to mirror this.

Monday, 5 February 2018

Singapore shares tumble on opening; STI down 1.4%

SINGAPORE - Local stocks opened 1.4 for every penny bring down on Monday (Feb 5), in accordance with tumbling Asian stocks, with the Straits Times Index shedding 51.03 focuses to 3,478.79 as at 9:03am. 

Around 252.6 million offers worth S$198.7 million altogether changed hands, which worked out to a normal unit cost of S$0.79 per share. 

The most effectively exchanged counter was APAC Strategic, which was level at 0.3 Singapore penny with 28.2 million offers evolving hands. Different actives included Midas and Marco Polo Marine. 

Failures far dwarfed gainers 277 to 12, or around 23 down for each one up. 

Asian markets fell on Monday as fears of resurgent swelling battered securities, toppled Wall Street from record highs and started theory national banks all around may be compelled to fix all the more forcefully, Reuters announced. 

Dallas Fed President Robert Kaplan said on Friday that the Federal Reserve may need to lift loan fees more than three times this year. 

Japan's Nikkei slid 2.2 for each penny, while Australia's fundamental file facilitated 1.3 for every penny. MSCI's broadest record of Asia-Pacific offers outside Japan shed 0.8 for every penny for its third straight session of misfortunes. 

Speculators were spooked by Friday's US payrolls report which demonstrated wages developing at their speediest pace in more than 8 1/2 years, which fuelled swelling desires.