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Stocks to watch: GSS Energy, Accordia Golf Trust, Noble Group

Tuesday, May 19, 2015 - 09:04
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The following Singapore companies issued announcements on Tuesday that may affect their trading activity.

THE following Singapore companies issued announcements on Tuesday that may affect their trading activity.

GSS Energy has invested US$5 million into Ramba Energy to participate in the latter's exploration programme at the West Jambi block in Sumatra, Indonesia.

This represents an expansion of GSS's existing operations in Central & East Java into Sumatra, which will enhance the group's overall growth potential, said GSS.

Accordia Golf Trust (AGT) - which debuted on the Mainboard last August - has posted a maiden distribution per unit (DPU) of 5.16 yen (5.71 Singapore cents) for the period from August 1, 2014, to March 31, 2015 (FY2014/2015).

Net profit attributable to unitholders for the period came up to 2.6 billion yen. Total operating income stood at 33.4 billion, 2.2 per cent below AGT's forecast, due to "unfavourable weather conditions and discounts given during winter season to attract more visitors", said AGT.

Commodity trader Noble Group said it has successfully closed a US$2.3 billion committed unsecured revolving loan facility from 35 global banks.

The sum will be used for the refinancing of "certain of its existing debt" and general corporate purposes, Noble said in a statement.