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Showing posts from March, 2015

Sino Construction shoots up 21% on news of placement

Sino Construction’s share price rose on Monday morning after the company said it would raise S$6.5 million through the placement of 262 million new shares.

Buy upgrade and takeover rumours buoy NOL

Goldman Sachs report spurs fresh talk of possible merger or acquisition

NOL’s allure as takeover candidate grows after unit sale

The shipping company that helped cement Singapore’s status as a global trade hub may be shaping up as a takeover candidate.

Crisis warnings are flashing, but investors aren’t listening

People who are in a position to know have been saying loudly and clearly of late that we may be headed towards another global financial crisis. But it seems that these are “voices crying in the wilderness” and even if others are able to understand the threat, they do not care.

Noble files HK suit after third Iceberg report

It acts against ex-Noble credit analyst and a firm which registered Iceberg site

Singapore stocks: mostly unexciting, ignored, and cheap in Asean

But analysts and fund managers are still keen on global cyclical stocks here like airlines, soft commodities and Reits, besides banks and telcos

MAS fines former UOB Kay Hian remisier $157,000 for false trading

The Monetary Authority of Singapore (MAS) said on Thursday it has taken civil penalty action against former UOB Kay Hian remisier Tan Hua Ann for false trading.

MAS, CAD to jointly investigate market misconduct

Decision to pursue civil or criminal action to be decided after probe is concluded

Loss of market confidence here - just look at cases such as Sino Construction

The question is not why the company’s share price recently collapsed - but why it has taken so long. Are there more such cases to come?

Blumont mulls over options to meet minimum share price of S$0.20 for mainboard listing

Blumont Group said on Monday that it is considering its options on how to comply with Singapore Exchange’s (SGX) requirement that securities listed on the Main Board must maintain a minimum share price of S$0.20 each.

Lifebrandz to close F&B outlets in Clarke Quay

Lifebrandz is shutting down its food and beverage (F&B) establishments in Clarke Quay after its subsidiaries were unable to pay employees their salaries for the month of February.

Blumont waives all conditions for Genesis bid

Blumont Group said on Friday that it has waived all conditions to its off-market takeover bid for Australia-listed mineral exploration and development company Genesis Resources Limited via a share swap.

MAS has had two meetings with remisiers’ reps

TRs have proposed splitting trading day into two sessions with a shorter lunch break than before

SGX clarifies need for continuous all-day trading

I refer to Mr Natarajan A’s letter, “SGX, do elaborate on rationale for continuous trading” (BT, 4 March).

Delivering best market for all investors

As the market operator, the Singapore Exchange (SGX) has to balance the interests of all participants: retail and institutional investors, traders and intermediaries, such as brokers and remisiers, all of whom have differing objectives and concerns (“Investing not the same as trading” by Mr Narayana Narayana; Wednesday).

Sino Construction rebound rests on transformation success

The massive collapse in Sino Construction’s shares once again highlights the dangers of punting on fast-rising “concept” plays.

Is illiquidity bad?

In a costly blue chip market, investors willing to do research should check out listed SMEs

Blumont says Genesis directors recommend its shareholders reject takeover offer

Mainboard-listed Blumont Group said on Wednesday that the directors of Genesis Resources (GES) have recommended on March 3, 2015, that the shareholders of the Australia-listed miner reject its takeover offer.

SGX, do elaborate on rationale for continuous trading

Recently, Chew Su Tat of the Singapore Exchange (SGX) commented in the local media on the issue of continuous all-day trading (CAT) in our local bourse.

Sino Construction shares take another hard knock

Sino Construction took another hit on Tuesday, with another 48.7 per cent of its value wiped off during the session. This comes after its share price had tumbled 55.8 per cent on Monday, after the company warned on Friday of an expected net loss for FY14 and a month-long extension to its financial results release.

Sino Construction dives after profit warning

Sino Construction shares plunged 55.8 per cent on Monday, with S$194 million wiped off its market cap within a single trading session. This comes after the company warned investors last Friday of an expected net loss for FY14 and a month-long extension to its financial results release.

SGX minimum-trading-price rule kicks in

Affected firms have one year to bring share price above 20 cents

JES seeks extra month to report results

JES International Holdings will ask the Singapore Exchange (SGX) for an additional month to report its 2014 results and to hold its annual general meeting because of issues related to its Chinese subsidiaries.