Friday, 12 January 2018

Stocks to watch: IEV Holdings, SingHaiyi Group, TIH

IEV Holdings: The Catalist-recorded seaward building organization is set to leave the rice-husk biomass business in Vietnam, with a two-year rent and-deal assention reported on Thursday night. This came after IEV said that it would offer its corporate central command in a cost-slicing drive and anticipated that would endure a shot to its 2017 monetary outcomes on a soured Indonesian oil and gas bargain. IEV shares were around 10 for each penny on Thursday, to 5.4 Singapore pennies. 

SingHaiyi Group: Property engineer SingHaiyi said that it will get a leasehold domain in Jalan Lempeng for S$841 million, in a joint wander with the organization's controlling investors. The proposed obtaining takes after an endeavor in December 2017 to raise some S$143 million for property speculations through a rights issue. The counter plunged by 0.1 Singapore penny on Thursday, to S$0.115. 

TIH Limited: A progressing lawful debate could change TIH's net resource esteem (NAV), the speculation subsidize has turned out to state, in the midst of a takeover offer that esteems TIH at more than S$60 million. The offer cost of S$0.57 an offer speaks to a premium of around 9.6 for every penny to the alluded NAV of S$0.52, however this does exclude the conceivable lift to the organization's esteem if TIH prevails upon its claim an interest in Mitsui Life Insurance. TIH shut higher on Thursday at S$0.535, up 0.5 Singapore penny.

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