Stocks to watch: Halcyon Agri, TTJ Holdings, Datapulse Technology, Procurri
Tan Nai Lun
THE following companies saw new developments that may affect trading of their securities on Monday (May 23):
Halcyon Agri : Revenue of the natural rubber supplier climbed 18.9 per cent to US$617.3 million in Q1 on the back of higher sales volume and higher average selling prices, it said on Friday. Its earnings before interest, taxes, depreciation and amortisation (Ebita) rose to US$15.1 million in Q1, up around 5.6 per cent from the year ago period. Shares of Halcyon Agri closed flat at S$0.23 on Friday before the announcement.
TTJ Holdings : The executive chairman of mainboard-listed TTJ Holdings is looking to take the structural steel specialist private at an offer price of S$0.23 in cash per share. The offeror intends to privatise the company and does not intend to preserve its listing status, it said on Friday. Shares in TTJ last closed flat at S$0.169 on Friday morning, before a trading halt was called pending the announcement. The counter will resume trading on Monday.
Datapulse Technology : The mainboard-listed company on Monday said it has recorded 3 consecutive years of pre-tax losses, based on its audited full-year consolidated accounts. Meanwhile, its latest 6-month average daily market capitalisation was at S$22.1 million as at May 20, placing it at risk of joining the Singapore Exchange’s (SGX) watch list for failing to meet the bourse’s criteria. The counter closed flat at S$0.085 on Friday.
Procurri Corporation : Technology incubator DeClout on Friday made a mandatory cash offer at S$0.425 per share for IT solutions provider Procurri Corp. DeClout, which originally owned a 29.4 per cent stake in Procurri, raised its stake to 30.8 per cent after it purchased 3.9 million shares in the latter and triggered a need for a compliance offer. Shares of Procurri were trading flat at S$0.425 on Friday after the announcement, before it called for a trading halt in the afternoon. The counter resumes trading on Monday.
Trading halts: Mapletree North Asia Commercial Trust (MNACT) and Mapletree Commercial Trust (MCT) called for trading halts on Monday morning, pending the release of announcements relating to their respective extraordinary general meetings and MNACT’s trust scheme meeting. On Friday, units in MNACT closed flat at S$1.20, while units in MCT were unchanged at S$1.81.
