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Stocks to watch: SPH, StarHub, TTJ, Courts Asia
THE following listed companies made material announcements before the Singapore market opened on Tuesday:
SPH, StarHub: Media and telecommunications titans Singapore Press Holdings (SPH) and StarHub have signed a memorandum of understanding to collaborate and innovate in areas of content creation, data analytics, marketing, and advertising sales. The partnership will create novel initiatives that will benefit SPH and StarHub stakeholders, such as joint subscription packages for new and upgrading customers, and the cross-promotion of content across each party's media platforms.
TTJ Holdings: Boosted by higher revenue, better margin and a fall in other losses, structural steel specialist TTJ Holdings reported a 40 per cent year-on-year increase in second-quarter net profit to S$5.41 million. The quarter ended Jan 31, 2016, saw revenue rise 4 per cent to S$28.56 million on the back of higher contributions from the group's structural steel business.
Courts Asia: Courts Asia will issue S$75 million of notes, upsized from an initial target size of S$50 million, at a fixed rate of 5.75 per cent per year. Payable semi-annually and in arrears, the notes will be issued on March 15, 2016, and will have a three-year tenor.