You are here

Stocks to watch: Yoma, Netlink Trust, TIH, a-iTrust, Del Monte Pacific, ComfortDelGro

THE following stocks made announcements that could affect their trading on Tuesday when the market opens:

Yoma Strategic Holdings: Mainboard-listed Yoma recorded a surge in third-quarter net profit to S$16.75 million, about 50 times more than its net profit of S$334,000 in the year-ago period. The increase was a result of gains from the disposal of the group's tourism-related businesses as well as higher revenue from its automotive & heavy equipment, and consumer businesses, the group said on Tuesday morning.


Netlink NBN Trust: Netlink Trust on Monday posted a profit attributable to unitholders of S$21.7 million for its third quarter ended Dec 31, up 32.5 per cent from its earlier forecast of S$16.4 million.


TIH: Independent financial adviser Tata Capital Markets has deemed the takeover offer by Indonesia's Lippo Group of mainboard-listed TIH as "not fair" and "not reasonable" and has recommended that the company's independent directors advise shareholders to reject the offer.

sentifi.com

Market voices on:


Ascendas India Trust (a-iTrust): A private placement for a-iTrust to repay a bridging loan was two times subscribed. The number of new units to be issued has been raised from 73 million to 97.4 million. Correspondingly, total proceeds increased from about S$75 million to about S$100 million, said its trustee manager.


Del Monte Pacific Limited: Del Monte Pacific is planning to list its wholly owned Philippine subsidiary on the Philippines Stock Exchange to repay certain loan facilities and for general corporate purposes. The company, however, will undertake to continue to own at least 67 per cent of Del Monte Philippines Inc for five years after the secondary offer.


ComfortDelGro Corporation: ComfortDelGro is buying 217 taxi licences and vehicles from a Shenyang company for 71.6 million yuan (S$15 million), to grow its fleet in the city by close to a fifth to 1,503 taxis.

Powered by GET.comGetCom