Federal authorities accuse a N.Y. man of involvement in a stock fraud scam that netted millions of dollars. – Federal authorities unsealed an indictment Feb. 1 in Detroit
accusing stock broker Gregg M. Berger of New York
of running a multimillion-dollar quot;pump-and-dump quot; scam for more than
two years.
The superseding indictment accuses Berger, 47, of conspiring with Alan
Ralsky, Francis Tribble,…
Shares of BlackBerry maker Research In Motion (RIM) slipped about two percent Monday after India rejected its offer for partial access to its encrypted corporate emails. Since August last year, India has been seeking access to BlackBerry encrypted emails to counter threats to its national security. Since BlackBerry encrypted emails travel between smart phones through [...]
The following companies may have unusual price changes in Singapore trading. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index declined 1.6% to 3,179.72.
CEI Contract Manufacturing (CEI SP): The maker of electronics components said full-year net income increased to $5.2 million from $2.3 million a year ago. The stock surged 8.7% to 12.5 cents.
The following companies may have unusual price changes in Singapore trading. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index gained 0.3% to 3,229.69.
Biosensors International Group (BIG SP): The maker of drug-coated stents used to treat blocked arteries said third-quarter profit rose 8% to $13.3 million a from a year earlier. The stock was unchanged at $1.14.
The reasons to invest in Forex trading system are many. But the primary reasons are that the price movements are generally less volatile, the leverage is virtually limitless, and you can trade almost 24 hours a day and 7 days a week.
Shares of Malaysia Smelting Corp (MSC) (MSCB.KL) opened slightly above their offer price on their Singapore debut on Thursday, helped by the generally bullish outlook for commodity prices.
Around 9:02 a.m., MSC shares were being traded at $1.80 after opening at $1.78, a touch higher than the Singapore offer price of $1.75 a share.
Shares of the Kuala Lumpur-listed firm, which is involved in tin mining and smelting, closed 1.4% lower on Wednesday at 4.81 ringgit, or about $2.06, a share.
MSC, whose majority shareholder is Singapore’s Straits Trading Co (STCM.SI), raised net proceeds of $40.1 million in a Singapore secondary offering last week.
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The following companies may have unusual price changes in Singapore trading. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index climbed 1.3% to 3,220.78.
Ascendas India Trust (AIT SP): The operator of business parks in India said third-quarter income for distribution fell 7% to $13.2 million from a year ago. The stock gained 0.5% to 96 cents.
The following companies may have unusual price changes in Singapore trading. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index lost 0.1% to 3,181.15.
Fortune Real Estate Investment Trust (FRT SP): The Hong Kong-based shopping mall operator said fourth-quarter income for distribution increased 11% to HK$105.7 million ($17.4 million) from a year ago. The stock was unchanged at HK$4.05.
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The following companies may have unusual price changes in Singapore trading. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index was little changed at 3,185.76.
Boustead Singapore (BOCS SP): The provider of engineering services said its Boustead Salcon Water Solutions Pte. won a $25 million contract to build a water demineralization plant for a unit of Tuas Power, a supplier of electricity in Singapore. The stock was unchanged at $1.12.
The following companies may have unusual price changes in Singapore trading. Stock symbols are in parentheses, and share prices are from the previous close.
Singapore’s Straits Times Index dropped 1.1% to 3,205.48.
Ascott Residence Trust (ART SP): The serviced apartment operator partly owned by CapitaLand (CAPL SP) said fourth- quarter distributable income doubled to $23.9 million from $11.5 million a year ago. The stock lost 0.8% to $1.22.
The following companies may have unusual price changes in Singapore trading today. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index lost 0.2% to 3,241.96.
CapitaMall Trust (CT SP): Singapore’s biggest retail property trust, said its fourth-quarter payout to shareholders fell 1.4% to $75.4 million from a year earlier. The dividend beat its own forecast of $73.9 million. The stock was unchanged at $1.90.
Net income climbed to $74.2 million in the three months ended December from $71.8 million a year earlier, the company said in a statement today. Excluding $7.5 million of costs for the pending takeover of ASX, Australia’s main bourse, profit increased to $81.7 million. Analysts had expected US$85 million ($109.5 million), based on the median of five estimates compiled by Bloomberg News.
The following companies may have unusual price changes in Singapore trading today. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index gained 0.4% to 3,241.49.
CapitaCommercial Trust (CCT SP): The office landlord partly owned by CapitaLand (CAPL SP) had its stock rating lowered to “underweight” from “neutral” at JPMorgan Chase & Co. The shares lost 0.7% to $1.50.
Tiger Airways (J7X.SG) is +1.1% at $1.82, in average volume of 939,000 shares so far, as the airline’s solid December operating data fail to generate much excitement.
The carrier reported it flew 555,000 passengers in December, +22% on-year, +19.6% on-month, at an average load factor of 91%, +1 percentage point on-year.
The following companies may have unusual price changes in Singapore trading today. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index gained 0.8% to 3,279.70.
China Taisan Technology Group (CTSAN SP): The maker of knitted fabric used in sports apparel said it will buy $28 million of new machinery to boost production capacity, twice the amount it estimated earlier. The stock fell 2.6% to 19 cents.
Malaysia’s Maybank (MBBM.KL) is to acquire a stake in Singaporean stock broker Kim Eng (KEHS.SI) from a Taiwanese investor, a source with direct knowledge of the deal told Reuters on Thursday.
Taiwan’s Yuanta Financial Holdings (2885.TW) owns about 28% of Kim Eng.
Shares in Maybank and Kim Eng were suspended from trade on Thursday.
A Maybank official said the company would hold a press conference later in the day but declined to elaborate.
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Singapore stock broker Kim Eng Securities (KEHS.SI) has requested for a trading halt on its shares, it said on Thursday. Kim Eng said in December it had been approached by “potential interested parties” for a stake purchase in the firm, but did not name the potential buyers.
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