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Stocks to watch: SGX, Accrelist
THE following companies saw new developments which may affect trading of their shares on Wednesday:
Singapore Exchange: The stock exchange announced on Tuesday night that it is targeting an Aug 27, 2018 launch date for its new SGX FlexC FX Futures product. The feature will allow over-the-counter (OTC) bilateral trades with tailored expiration dates to be registered and cleared like standard SGX FX futures contracts through SGX's central counterparty clearing house.
Accrelist Ltd: Corporate accretion services provider Accrelist disclosed that its net profit for the financial year ended March 31 this year had been reduced to S$186,000 from S$667,000 following its audit. The company said in a Singapore Exchange announcement on early Wednesday morning that the differences resulted after finalising the audit and a purchase price allocation exercise involving Jubilee Industries Holdings.