STI (UPDATE) STI closed up 18.89 points to 2,800.75 on a volume of 1.2billion with a value of S$1.16 billion. Gainers led losers 239 to 220.
Stamford Tyres Corporation Limited (UPDATE) The company reported revenues for the first six months of the current fiscal year (1H2010) was $145.7 million, which was lower by 11.5% when compared to 1H2009. Gross profit was S$30.2 million compared to S$38.8 million a year earlier. Gross profit margin was 20.7% compared to 23.6% the year before. It returned a net profit of S$2.9 million for 1H2010, compared to S$1.0 million for the same period a year ago.
Achieva Limited (UPDATE) The company announced that it had received notification that Mr Henry Lim Yong Choon, a controlling shareholder of the Company, has sold his entire shareholding of 121,478,009 ordinary shares, representing approximately 23.36% of the issued ordinary shares in the capital of the Company at a price of S$0.125 per share, in a married deal. The buyer is SUTL Global Pte. Ltd. (“SUTL”). Achieva Limited is a IT distributor and solutions provider in digital and lifestyle products.
Keppel Corp (MAINTAIN OUTPERFORM) CIMB maintained its Outperform rating on Keppel Corp with a target price of S$10.80 after it managed to clinch three more contracts worth S$160m. They remained positive over wider opportunities and the recovering economy.
Stamford Tyres Corporation Limited (UPDATE) The company reported revenues for the first six months of the current fiscal year (1H2010) was $145.7 million, which was lower by 11.5% when compared to 1H2009. Gross profit was S$30.2 million compared to S$38.8 million a year earlier. Gross profit margin was 20.7% compared to 23.6% the year before. It returned a net profit of S$2.9 million for 1H2010, compared to S$1.0 million for the same period a year ago.
Achieva Limited (UPDATE) The company announced that it had received notification that Mr Henry Lim Yong Choon, a controlling shareholder of the Company, has sold his entire shareholding of 121,478,009 ordinary shares, representing approximately 23.36% of the issued ordinary shares in the capital of the Company at a price of S$0.125 per share, in a married deal. The buyer is SUTL Global Pte. Ltd. (“SUTL”). Achieva Limited is a IT distributor and solutions provider in digital and lifestyle products.
Keppel Corp (MAINTAIN OUTPERFORM) CIMB maintained its Outperform rating on Keppel Corp with a target price of S$10.80 after it managed to clinch three more contracts worth S$160m. They remained positive over wider opportunities and the recovering economy.
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