MARKET UPDATES :
- SINGAPORE-based engineering group Starburst Holdings is seeking a listing on Singapore’s Catalist board to raise S$13.5 million in net proceeds.The company is offering 50 million shares at S$0.31 each in its initial public offer.Two million shares will be offered for public subscription, while 48 million will be placed.
- Shares of Singapore’s Jaya Holdings Ltd soared as much as 23 per cent in high turnover on Wednesday, after they went ex-dividend. Jaya announced last week it would pay S$0.16 per share on or about July 14, and the record date for the purpose of determining the shareholders’ entitlement to the cash distribution would be July 4.
- THERE are six developmental challenges that industry stakeholders, including Olam International, have to address in this century, Sunny Verghese, group managing director and chief executive officer of Olam International, wrote in a blog entry celebrating the commodities firm’s 25th anniversary.These are: food security, water security, climate change, energy security and building a new paradigm of sustainable.
STOCK RECOMMENDATION :
- BUY WILMAR INETRNATINAL ABOVE 3.200 TG 3.240, 3.280, 3.340 SL 3.140