Singapore Stocks to watch Sept 6, 2017

Here are some stocks that could move the market this Wednesday morning:

CapitaLand is acquiring the 192-unit serviced residence, Ascott Sudirman Jakarta, for $74.3 million. This brings the total value of its investment in The Statue Jakarta integrated development to $300 million from $220 million.& Shares in CapitaLand closed flat at $3.75 on Tuesday.

Ziwo Holdings, the manufacturer of foamed materials, says newly-incorporated Malaysian subsidiary, BM Mobility, has signed a dealership agreement to market and sell electric motor scooters made by Hong Kong-listed Yadea Group Holdings. Singapore Shares in Ziwo closed at 2.3 cents on Tuesday.

Emerging Towns & Cities Singapore, formerly known as Cedar Strategic Holdings, in increasing its stake in Uni Global Power (UGP), the developer of a luxury mixed-use property in Myanmar, from 70% to 87% for US$11.9 million. ETC will issue 179.2 million new shares to UGP at an issue price of 9 cents each as payment. This represents a premium of 5.9% over its Tuesday closing price of 8.5 cents.

Noble Group is in discussions with its North American lenders to extend an October deadline for a US$2 billion ($2.7 billion) credit facility, while also taking steps to sell parts of its business to cut debt, its chairman said on Tuesday. Shares in Noble closed 1 cent higher at 42 cents.

Creative Technology has launched Creative Chrono, a Bluetooth speaker that doubles up as a FM radio and alarm clock. The new product will be available in stores from mid-September 2017 for US$49.99 ($67.80). Shares in Creative closed 1 cent higher at $1.17 on Tuesday.

Gateway services and food solutions provider SATS is introducing augmented reality (AR) smart glasses in its ramp handling operations. The wearable device will provide SATS’ ramp handling staff with critical information such as loading instructions in real-time. Shares in SATS closed 1 cent higher at $4.77 on Tuesday.

Taiwan-based Dah Chang Futures, one of the investee companies of Dah Chang Securities, has joined the Singapore Exchange (SGX) as a trading member of the bourse’s derivatives market. Shares of SGX closed 7 cents higher at $7.49 on Tuesday.

Jaya Holdings was unsuccessful in obtaining a pre-clearance for the reverse takeover of Papua New Guinea finance firm Heduru Moni. The Singapore Exchange said Jaya had not been demonstrated that the proposed acquisition is suitable for listing on the bourse at this point in time. Shares in Jaya Holdings closed flat at 8 cents on Tuesday.

Global stocks Markets

US stocks sank on Tuesday as investors weighed fresh tensions with North Korea The Dow fell 234.25 points, or 1.07%, to 21,753.31, the S&P 500 lost 18.7 points, or 0.76%, to 2,457.85 and the Nasdaq dropped 59.76 points, or 0.93%, to 6,375.57.

Singapore stocks Markets

The benchmark Straits Times Index picked up by 20.29 points, or 0.63%, ending the day at 3,251.26 points, after a 46.29-point drop the day before. The volume of shares traded was 1.7 million units at $840 million. Gainers outnumbered losers 237 to 174.