Last Friday, the Straits Times Index (STI) ended -4.86 points lower or -0.15% to 3295.85, taking the year-to-date performance to +4.14%. The top active stocks were UOB (+0.09%), YZJ Shipbuilding (-10.62%), DBS (-0.47%), SingTel (+0.26%), and OCBC Bank (+0.83%). Here are some stocks that could move the market this Monday morning:
Shares in Tiger Airways surged as much as 21% to a seven-month high on Friday on what traders said was speculation that its largest shareholder, Singapore Airlines, was planning to increase its stake in the loss-making carrier.
Swing Media Technology Group posted record earnings of HK$83.13 million ($13.45 million) for the fiscal year ended March 31.
Old Chang Kee reported a 20.8% increase in net profit for the fiscal year ended March 31, 2014 on improved gross profit margin. Profit net of tax was $6.02 million on a 5% increase in turnover to $68.89 million.
Singapore's National Wages Council this year recommended that low-wage workers making above $1,000 be given a "equitable and reasonable" raise - or a lump-sum payment based on skills and productivity, in addition to a built-in wage increase of at least $60 for workers earning up to $1,000 a month.
Frasers Centrepoint Asset Management Ltd (FCAM), the manager of Frasers Centrepoint Trust (FCT), has privately placed 88 million new units at $1.835 per unit, raising gross proceeds of about $161.5 million.
Pacific Andes Resources Development said its indirect subsidiary, Quality Food (Singapore), has on Thursday agreed to sell 26.5 million shares in Tassal Group Limited for A$96.73 million.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....