Stock Market Today:Global Invacom expected to return to the black in FY17

RHB is maintaining its buy call on Global Invacom Group with a target price of 25 cents.

This comes even after the satellite communications provider in Nov 2016 issued a profit warning for FY16 saying it expected to report a net loss for the financial year, mainly due to one-off shutdown expenses for the closure of Radiance Electronics (Shenzhen).

Due to the one-off cost involved, the research house has trimmed its FY17F net profit after tax (NPAT) forecasts by 7%, but maintain that it still anticipates significant y-o-y NPAT growth ahead.

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Stock Market Today:Boeing wins $12.7 bil in 737 MAX orders, still short of goal

Boeing Co said on Wednesday it had booked firm orders for 80 of its 737 MAX 8 aircraft, valued at US$8.8 billion ($12.7 billion) at list prices, upping its 2016 tally but leaving it short of its goal.

The orders mean the world's biggest plane maker clinched at least 536 net jetliner sales last year compared with its target of selling as many commercial jets as it delivers, a total it puts between 745 and 750. Through November, Boeing had delivered 681 planes.

Boeing's order tally could climb again on Friday, as the company posts its final update for 2016.

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Stock Market Today:Singapore banks are still in the woods

Maybank Kim Eng has reiterated its negative rating on the Singapore banking sector as November's banking system data proved to be "uninspiring".

System loan growth saw its 11th consecutive quarter of contraction, declining 1.2% during the month. 

It was an improvement over the 2.2% decline in Oct, as lending improved in most sectors. Corporate loan growth declined by 1.9% and consumer loan growth grew by a mere 0.7%.

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Stock Market Today:This stock is ready to ride the O&M sector recovery

CIMB is reiterating its "add" recommendation on Mermaid Maritime with a higher target price of 24 cents from 17 cents previously, after the company last week announced that its associate, Asia Offshore Drilling (AOD), secured a three-year contract extension for its AOD III jackup rig.

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