MARKET UPDATES :
- STARHUB has launched on Wednesday a new cloud marketplace, ‘SmartBusiness’, for small and medium sized businesses (SMBs) to buy software and services such as Microsoft Office 365 and McAfee Endpoint Protection.
- OCBC Investment Research on Wednesday upgraded KS Energy to a “buy” and pegged the fair value at S$0.58 a share. “The firm is still finding its footing in terms of earnings, but given that KS Energy is now trading at 0.64x P/B (Price to Book), we are seeing value in the stock,” OCBC said in a research note.
- XMH Holdings, a diesel engine provider for the marine and industrial sectors, on Wednesday said it has inked a memorandum of understanding (MOU) for an 80 per cent stake in Singapore’s Z-Power Automation for S$13.2 million.
STOCK RECOMMENDATION :
- BUY COMFOTDELGRO LTD ABOVE 2.560 TG 2.600, 2.640, 2.700 SL 2.500