You are here

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.

Your feedback is important to us

Tell us what you think. Email us at

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to