Stocks Are Out For Today_ Check Out

Here we have few stocks which have shown the immense profit and good dividends. Check out for them:

Charisma Energy:

The Catalyst-listed group which owns and lease hydropower generation equipment and accommodation modules face material uncertainty as a going concern, its independent auditors from KPMG stated in a report on the audit of the company’s full-year financial statements.

Charisma said late Tuesday night that the KPMG auditors drew attention to three matters of material uncertainty reflected in the financial results for the year ended Dec 31, 2017. It incurred a full-year net loss of US$31.36 million and its current liabilities exceed current assets by US$34.81 million as at Dec 31, 2017. This group has defaulted its entire loan obligation and thus provides good opportunities for growth.

 

Keppel Corporation:

Keppel has sold its stake in a China marina development for 2.9 billion Yuan (S$597 million) and expects to recognize a gain of about S$289 million from the sale. In an exchange filing late on Tuesday night, the company said its unit Keppel Land China has closed the divestment of its stake in Keppel China Marina Holdings. The divestment had been in limbo last year as the project’s minority shareholder, Sunsea Yacht Club (Hong Kong) Company, had tried to block the deal.

 

Allied Technologies:

The adjuvant-listed firm will acquire 51 per cent in e-commerce ticketing solution platform Asia Box Office for S$30 million in cash, it announced on Tuesday night after the market had closed. The acquisition will be funded through proceeds gained from the issue and allotment of some 675.16 million placement shares on Oct 31 last year, Allied Tech said which thereafter will see Asia Box Office become a subordinate of Allied Tech. Asia Box Office’s ticketing platform focuses on sports, entertainment and lifestyle events in South-east Asia and Greater China.

 

Blumont Group:

Its auditors have highlighted a material uncertainty about the company’s ability to remain a going concern, citing a net loss, negative cash flows and net current liabilities for its latest financial year. The group had incurred, for the year ended Dec 31, 2017, a net loss after tax of S$2.6 million, recorded negative cash flows from operating activities of S$2.1 million and net current liabilities of S$5.2 million.

Blumont’s board said that while a material uncertainty exists, the steps proposed by the management are achievable and believe that the group will be able to raise sufficient funds to fund its operations for the next 12 months.

Thus, these were some of the stocks for today, stay updated on our website for latest news updates related to stock market.

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