30May
sgx-asx-tse

Financial Sgx Singapore Stock Market Trading Picks And News – 30th May 2014

MARKET UPDATES :

  • ABOUT 50 companies listed on Singapore Exchange (SGX) with a total market value of S$46.2 billion have reported business activity specific to Thailand in their most recent annual financial statements, a market update by SGX showed on Thursday. This represents about 7 per cent of all listed securities on SGX as at April.
  • BANYAN Tree Holdings said on late Wednesday that it has issued and successfully placed out S$125 million 4.875 per cent fixed rate notes.It plans to used the proceeds to finance the general working capital, capital expenditure and investment requirements and refinancing needs of the company and its subsidiaries
  • RH Petrogas shares continued uptrend on Thursday, underpinned by hopes of a possible takeover even after the company had said no binding offer has been made. Its shares opened at S$0.905 and quickly climbed to S$0.925, up 3 cents, or 3.3 per cent by 10:20 a.m.

STOCK RECOMMENDATION :

  • BUY NOBLE GROUP ABOVE 1.400 TG 1.440, 1.480, 1.540 SL 1.340

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