Singapore Stock market News and Stocks To Watch of the day

StarHub has declared a consent to get a 51% stake in Accel Systems and Technologies for an aggregate thought of $19.4 million. Accel is a digital security frameworks integrator work in the arrangement of security arrangements, counseling and oversaw security administrations. Offers of StarHub shut 1 penny bring down at $2.70 on Friday at Singapore Stock Market.

KSH Holdings saw profit fall 33.4% to $41.0 million for the entire year finished March, from $61.5 million a year prior. This was principal because of the altogether lower offer of consequences of partners, which diminished by 82.5% to $8.5 million in FY2017. Offers of KSH shut 1 penny higher at 88 pennies on Friday.

Sunpower Group, the maker of vitality protection items in China, has won contracts totaling RMB116.68 million ($235 million). Offers of Sunpower shut 2 pennies higher at 73 pennies.

Roxy-Pacific Holdings reported Friday that completely claimed backup Roxy-Pacific Goulburn has gone into heads of consent to offer its freehold property at 59 Goulburn Street in Sydney to Fortius Funds Management for A$158 million ($164 million). Offers of Roxy-Pacific last shut down at 50 pennies on Thursday.

Singapore Press Holdings is designating previous Neptune Orient Lines (NOL) CEO Ng Yat Chung as its new CEO. Ng will supplant current CEO Alan Chan while Agent CEO Patrick Daniel will resign, the media and property rather reported on Friday. Offers of SPH shut at $3.30 on Friday, down 11.3% year to date.

Extravagance watch retailer Cortina Holdings saw 4Q income practically treble to $3.8 million from $1.4 million a year prior. Entire year profit came in 41% higher at $11.8 million. Offers of Cortina shut 5 pennies higher at 82.5 pennies.

Engineer Bukit Sembawang Estates detailed a 21.2% fall in FY17 income to $72.5 million from a year prior. Income diminished by 49.2% to $143.4 million because of acknowledgment of benefits from less undertakings. Offers of Bukit Sembawang shut 1 penny bring down at $6.09.


Money Street floated hardly higher to new records on Friday in spite of completing an essentially level in front of an occasion end of the week. The wide S&P 500 picked up a portion to end the week at 2,415.82, while the Nasdaq rose 0.8% to close at 6,210.19. The Dow Jones Industrial Average was for all intents and purposes level at 21,080.28, putting it down under three focuses underneath Thursday’s nearby. The business sectors is shut on Monday in recognition of Memorial Day and seemed, by all accounts, to be grabbing a seat following six days of unfaltering additions.

The Straits Times Index shut 14.95 focuses bring down on Friday, trimming its pick up for the week to only three focuses at 3,219.42.

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