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Stocks to Watch: Noble, mDR, AsiaPhos, healthcare stocks
THE following stocks had announcements or developments that could affect their trading activity on Tuesday.
Noble Group: The commodities firm said on Tuesday morning that it has initiated a third party review of mark to market (MTM) models and valuations; PricewaterhouseCoopers LLP (PwC) has been appointed to conduct the assurance review.
mDR Ltd: The distributor and seller of mobile devices and services is poised to acquire a Japan-based company, engaged primarily in the business of developing and providing mobile content. mDR on Monday said that the deal is a "very substantial acquisition" or "reverse takeover". The expected consideration is between S$110 million and S$165 million, to be made in cash, shares and convertible debt.
AsiaPhos: The phosphate miner is acquiring the entire stake of LY Resources for S$36.8 million, in a bid to boost its operating cash flows and expand its resource base.
Healthcare stocks: According to a Singapore Exchange market update report on Monday, the 10 most active healthcare stocks averaged a price gain of 26.4 per cent in the first six months of this year.