Penny Stocks of Singapore Share Market

Here are a few Penny Stocks that may move the Singapore Share Market this Friday morning:

Economics Singapore Share market Movements

Global Logistic Properties (GLP): Today is the due date for offers by invested individuals to purchase the supplier of current coordinations offices. GLP last exchanged at $2.88.

Property developers: The Ministry of National Development today declared the second half 2017 (2H2017) Government Land Sales (GLS) Program, which includes six Confirmed List locales and 10 Reserve List destinations.

shopper360 on Wednesday finished its position of 38 million offers, containing 18 million new offers and 20 million merchant shares, for 29 pennies for every offer to raise net continues of around $11 million.

Second Chance Properties: posted a profit of $5.4 million for the second from last quarter finished May, up 72.3% from $3.1 million a year prior. Offers of Second Chance Properties shut level at 25 pennies on Thursday.

Del Monte Pacific detailed a 57.2% fall in FY17 profit to US$24.4 million ($33.8 million) from US$57 million a year prior. Offers in Del Monte Pacific shut down at 34 US pennies on Thursday.

Vibrant Group saw profit for FY17 finished April fall 65.9% to $3.4 million, from $10.0 million a year back. The gathering’s cargo and coordinations portion announced a net loss of $5.1 million, contrasted with a benefit after the duty of $2.4 million a year prior. Offers of Vibrant Group shut 1 penny higher at 39 pennies on Thursday.

Nordic Group says its completely possessed auxiliaries have as of late secured a few contracts with an aggregate estimation of $9.6 million. Offers in Nordic shut down at 38 pennies.

Keong Hong Holdings reported Thursday that aberrant completely possessed backup Grandwood (Japan) has gone into a deal and buy consent to procure a business working in Osaka, Japan for 950 million yen ($11.8 million). Offers of Keong Hong shut a large portion of a penny brings down at 48 pennies.

Keppel REIT’s entirely claimed sub-put stock in Keppel REIT (Australia) Sub-Trust 5 has gone into a usage deed to gain a half enthusiasm for a top notch office tower to be produced at 311 Spencer Street in Melbourne, Australia for A$347.8 million ($362.4 million). Units of Keppel REIT shut a large portion of a penny brings down at $1.15 on Thursday.

Global Share Market

Markets Wall Street fell strongly on Thursday, with the S&P 500 and the Dow industrials enduring their most exceedingly everyday day rate drops in around a month and a half, as a current decrease in innovation shares developed and exceeded quality in bank shares. The Dow Jones Industrial Average fell 167.58 focuses, or 0.78 for every penny, to 21,287.03, the S&P 500 lost 20.99 focuses, or 0.86 for each penny, to 2,419.7 and the Nasdaq Composite dropped 90.06 focuses, or 1.44 for each penny, to 6,144.35.

Singapore Stock Market

The Straits Times Index shut 42.95 focuses or 1.3% higher at 3,258.65 as purchasers drew motivation from an extensive overnight rally on Wall Street. Volume added up to 1.7 billion units worth $1.2 billion – the most elevated for the current week – and barring warrants there were 310 ascents versus 155 falls all through.

Penny Stock of the Day

  • MM2 ASIA
  • CWT

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