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Stocks to watch: Raffles Medical, Oxley, YuuZoo
STOCKS that could come under trading focus on a quiet Monday morning are those of companies that have issued corporate results or news of corporate developments.
Raffles Medical Group marked a 1.2 per cent year-on-year rise in net profit to S$15.6 million in the third quarter ended Sept 30. Group revenue registered a 7.4 per cent growth from a year ago to S$101.5 million, on the back of stronger revenue from hospitality services and healthcare services divisions.
Oxley Holdings said it will issue an offer of up to S$125 million of four-year 5 per cent bonds due 2019. These bonds will be issued by the group's wholly owned unit Oxley MTN Pte Ltd and unconditionally guaranteed by the group. The offer will comprise up to S$100 million of bonds to the public in Singapore and an offer of up to S$25 million of bonds to institutional and other investors.
YuuZoo Corporation announced that it has, through its China joint venture YuuGames, secured the rights to co-organise the China Internet Gaming (CIG) 2015 e-sports competition with www.9eplay.com and the Ministry of Industry and Internet Technology (MIIT), the department responsible for the administration of China's industrial branches and information industry.