Parkson, TungLok, Noble,Sunningdale,Kimly
Parkson: quite stable over 118 to 120 price. possible that it may move up.
TungLok: a sudden spike in volume this week. They have a change of COO in Nov 16
Noble: i think may drift lower. Maybe will break 180. no upcoming news.
Sunningdale: Chart tells a possibility of privatisation. Few cents shy of 1.80.
Kimly: Probably will drift lower due to contra players.
my 2 cents.
thank you all for your insights.
Stocks to watch:
*Keppel Corp: Wholly-owned Keppel Land signed a MOU with Vietnam's State Capital Investment Corp to collaborate on investment opportunities in Vietnam. The group currently has about 20 mixed projects in Vietnam and the deal is expected to deepen its presence in the market. MKE last had a Sell with TP of $4.57.
*Wee Hur: Secured a $22.8m contract from PUB to build a six-storey office block and redevelop existing WaterHub Building at 80 & 82 Toh Guan Road East. The project will commence on 31 Mar, and is targeted to complete within 15 months.
*Healthway Medical: Struck deal for revised convertible notes of $70m to be issued to PE firm Gateway Partners. The 1st tranche of $10m will be issued by 25 Mar, while the remaining $60m is subject to shareholders' approval on 21 Apr. The notes carry no coupon and are redeemable five years later, plus a cash redemption premium upon maturity or default, translating to a 6% IRR for Gateway.
*Auric Pacific: Privatisation offer by Stephen Riady and CEO Andy Adhiwana have reached 95.8% acceptances. The offer will close on 7 Apr.
*MMP Resources: Announced that its ski resort partnership in Niseko, Hokkaido, Japan, has made $46,454 profit in Feb, and estimates that it could hit a projected ROI above 30% for the season ending 25 Mar ’17.
*3Cnergy: Undertaking a renounceable non-underwritten 1-for-3 rights issue at $0.067 apiece, which will be attached with two warrants with an exercise price of $0.10 each for each rights share subscribed. Maximum net proceeds of $25.4m are intended for the phase 1 development of a plot of land in Nusajaya, Malaysia into a mixed-used development.
*Mapletree Industrial Trust: Issued $100m 3.16% fixed rate notes due 2024, under the $1b multicurrency medium term note programme.
*Cosco Corp: 51% owned Cosco Shipyard delivered a module carrier, Bigroll Beaufort, measuring 173m length, 42m breadth, and 12m depth, to its European buyer.