Apr 1: SGX, UIC, Tan Chong

Publish date: Tue, 01 Apr 2014, 08:50 AM
Shares in Singapore ended 0.52% higher on Monday, in line with most regional bourses. The Straits Times Index rose 16.45 points to end at 3,188.62. Here are some stocks that could move the market this Tuesday morning:

The Singapore Exchange (SGX) plans to launch an electricity futures contract on its derivatives trading platform. It has launched a public consultation on the proposed introduction of SGX Uniform Singapore Energy Price (USEP) Quarterly Base Load Electricity Futures. This is the first electricity futures to be introduced in Asia.

One of the largest investors in Mainboard-listed Singapore Land is opposing a takeover of the property developer by United Industrial Corporation (UIC). Investment fund Silchester International Investors, which holds 8.16% of SingLand shares, said in a statement on Monday that UIC's offer was "too low". It is the second biggest shareholder in the firm.

Motor distributor Tan Chong International has posted a 91% rise in net profit to HK$2.06 billion ($329.2 million). Contribution to consolidated profit derived from an increase in fair values of listed securities amounted to HK$1.4 billion. Thus, a significant portion of profit was obtained from investments.
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Feler Sed

Post removed.Why?

2014-04-01 16:56

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