Thursday, December 8, 2016

FT.com - Technology

FT.com - Technology


Lawsuit accuses Facebook director of disloyalty

Posted: 08 Dec 2016 04:32 PM PST

Network rejects claim Andreessen helped Zuckerberg secure control in shares move

Fujian drops Aixtron offer after US blocks deal

Posted: 08 Dec 2016 08:14 AM PST

Bid failure highlights protectionist backlash against Chinese investment in tech groups

SoftBank investors cheer Son’s savvy US move

Posted: 07 Dec 2016 08:52 PM PST

Stock climbs on view that pledge to invest $50bn tightens ties with US administration

Spotify abandons attempt to buy SoundCloud

Posted: 08 Dec 2016 01:07 PM PST

Music streaming service switches focus to IPO next year

Finance sector urged to ramp up cyber defences

Posted: 07 Dec 2016 09:02 PM PST

Deputy Treasury secretary claims basic security would have thwarted recent attacks

InvestorPlace

InvestorPlace


Why Tailored Brands Inc (TLRD) Stock Is Up Huge Today

Posted: 08 Dec 2016 12:38 PM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

Tailored Brands Inc (TLRD) shares are soaring on Thursday as the company reported quarterly earnings that topped expectations from analysts.

The post Why Tailored Brands Inc (TLRD) Stock Is Up Huge Today appeared first on InvestorPlace.

The 10 Best Index Funds for 2017, 2018, 2019 …

Posted: 08 Dec 2016 12:36 PM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

The 10 best index funds for 2017 are a mix of buy-and-hold ETFs that will serve you for decades, as well as a couple tactical trading tools.

The post The 10 Best Index Funds for 2017, 2018, 2019 … appeared first on InvestorPlace.

5 Ways to Play President Donald Trump’s First 100 Days

Posted: 08 Dec 2016 12:18 PM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

President-elect Donald Trump has a big to-do list for his first 100 days. These are the stocks that will move as a result.

The post 5 Ways to Play President Donald Trump's First 100 Days appeared first on InvestorPlace.

3 European Stocks to Buy for Big-Time Dividends

Posted: 08 Dec 2016 11:57 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

Don't overlook European stocks when it comes to dividends. Companies like Diageo (DEO), Novo Nordisk (NVO) and Eni (E) are stellar.

The post 3 European Stocks to Buy for Big-Time Dividends appeared first on InvestorPlace.

The 3 Best Janus Funds to Buy for 2017

Posted: 08 Dec 2016 11:54 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

The best Janus funds for 2017 are likely to be funds that have a good balance of growth potential and diversification.

The post The 3 Best Janus Funds to Buy for 2017 appeared first on InvestorPlace.

Thursday Apple Rumors: New iPhone Patent Includes Curved Display

Posted: 08 Dec 2016 10:52 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

Thursday's Apple Rumors include a demo for Super Mario Run at Apple Stores, a clever way to get water out of an iPhone 7 speaker and more.

The post Thursday Apple Rumors: New iPhone Patent Includes Curved Display appeared first on InvestorPlace.

Bluetooth 5: Everything You Need to Know

Posted: 08 Dec 2016 10:28 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

The Bluetooth Special Interest Group has officially revealed Bluetooth 5 and devices using it should show up in the next few months.

The post Bluetooth 5: Everything You Need to Know appeared first on InvestorPlace.

What Is the Pantone Color of the Year 2017?

Posted: 08 Dec 2016 10:10 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

What is the Pantone Color of the Year 2017? 'InvestorPlace' takes a look at the 2017 Color of the Year, which is Greenery.

The post What Is the Pantone Color of the Year 2017? appeared first on InvestorPlace.

Fitbit Inc (FIT) Stock Will Never Be More Than a Fad

Posted: 08 Dec 2016 09:51 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

Fitbit (FIT) isn't in good shape at all, and worse, it's products do not actually solve a problem. I see no chance for recovery in Fitbit stock.

The post Fitbit Inc (FIT) Stock Will Never Be More Than a Fad appeared first on InvestorPlace.

Amazon.com, Inc. (AMZN) DENIES Report It’s Planning 2,000 Grocery Stores

Posted: 08 Dec 2016 09:42 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

Amazon.com, Inc. (AMZN) is denying claims that it plans to open 2,000 grocery stores, saying it is still learning about physical retail.

The post Amazon.com, Inc. (AMZN) DENIES Report It’s Planning 2,000 Grocery Stores appeared first on InvestorPlace.

5 Potential Value Picks for 2017

Posted: 08 Dec 2016 09:36 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

Value stocks are outperforming growth ones this year, and these 5 value picks are worthy of investment consideration

The post 5 Potential Value Picks for 2017 appeared first on InvestorPlace.

3 Big Stock Charts for Thursday: Facebook Inc (FB), Tesla Motors Inc (TSLA) and Alphabet Inc (GOOG)

Posted: 08 Dec 2016 09:19 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

Facebook (FB), Tesla (TSLA) and Alphabet (GOOG) investors should note these technical battles, as they will determine big moves in each stock.

The post 3 Big Stock Charts for Thursday: Facebook Inc (FB), Tesla Motors Inc (TSLA) and Alphabet Inc (GOOG) appeared first on InvestorPlace.

Forget Trump, Buy Alibaba Group Holding Ltd (BABA) Stock Here

Posted: 08 Dec 2016 09:08 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

It might appear that a Trump presidency is bad for Alibaba (BABA), but there's an easy way to make money on BABA stock.

The post Forget Trump, Buy Alibaba Group Holding Ltd (BABA) Stock Here appeared first on InvestorPlace.

Nokia Corp (ADR) (NOK) Stock Has Analysts Pounding the Table

Posted: 08 Dec 2016 08:59 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

Analysts are positive on Nokia, saying we are about to enter a new demand wave for carrier networking gear that will make NOK stock surge.

The post Nokia Corp (ADR) (NOK) Stock Has Analysts Pounding the Table appeared first on InvestorPlace.

International Business Machines Corp. (IBM) Stock: 2 Reasons to Buy

Posted: 08 Dec 2016 08:52 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

IBM stock has enjoyed a scintillating year; however, the stock still has some upside potential based on its cloud initiatives.

The post International Business Machines Corp. (IBM) Stock: 2 Reasons to Buy appeared first on InvestorPlace.

4 Best REIT Stocks for 2017 (BRG, APTS, CHMI, GLPI)

Posted: 08 Dec 2016 08:32 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

Losses for the category have been relatively limited considering the surge in bond yields.

The post 4 Best REIT Stocks for 2017 (BRG, APTS, CHMI, GLPI) appeared first on InvestorPlace.

With Wal-Mart Stores, Inc. Poised On a Growth Track, Should You Hold WMT?

Posted: 08 Dec 2016 08:30 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

Wal-Mart Stores (WMT) has exhibited a bullish run on the index year to date, and here's why we see positive momentum going forward...

The post With Wal-Mart Stores, Inc. Poised On a Growth Track, Should You Hold WMT? appeared first on InvestorPlace.

Horizon Pharma PLC (HZNP) Stock Plunges on Drug Trial Failure

Posted: 08 Dec 2016 08:16 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

Horizon Pharma PLC (HZNP) stock was plummeting on Thursday following news of a drug trial failure to treat Friedreich's ataxia.

The post Horizon Pharma PLC (HZNP) Stock Plunges on Drug Trial Failure appeared first on InvestorPlace.

Facebook Inc (FB), Alphabet Inc (GOOGL) Shouldn’t Fear European Ruling

Posted: 08 Dec 2016 08:13 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

The European Commission reported that Facebook (FB), Alphabet (GOOGL) and other tech behemoths failed to handle reports of hate speech in a timely fashion.

The post Facebook Inc (FB), Alphabet Inc (GOOGL) Shouldn’t Fear European Ruling appeared first on InvestorPlace.

3 Trades to Play the Eye of the Storm in Energy Stocks

Posted: 08 Dec 2016 08:12 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

The years-long volatility in oil prices wreaked havoc in energy stocks, but there's a wealth of opportunity out there for options players.

The post 3 Trades to Play the Eye of the Storm in Energy Stocks appeared first on InvestorPlace.

Biogen Inc (BIIB) Stock Trade Showcases the ‘Art of the Steal’

Posted: 08 Dec 2016 07:47 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

Thank Trump by tweet when you steal BIIB stock off and on the price chart with this trade in Biogen.

The post Biogen Inc (BIIB) Stock Trade Showcases the ‘Art of the Steal’ appeared first on InvestorPlace.

Costco Stock Keeps Truckin’ Thanks to Q3 Earnings (COST)

Posted: 08 Dec 2016 07:45 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

The steady source of fees from its members is the lifeblood of Costco stock. Growth here allows COST stock to compete with e-commerce giants.

The post Costco Stock Keeps Truckin’ Thanks to Q3 Earnings (COST) appeared first on InvestorPlace.

Biggest Movers in Transportation Stocks Now – BBGI GASS ALGT PTSI

Posted: 08 Dec 2016 07:45 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

The following stocks were the biggest movers and shakers in the Transportation sector today.

The post Biggest Movers in Transportation Stocks Now – BBGI GASS ALGT PTSI appeared first on InvestorPlace.

Hottest Financial Stocks Now – MARPS VBTX MTR PBIB

Posted: 08 Dec 2016 07:45 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

The following stocks were the biggest movers and shakers in the Financial sector today.

The post Hottest Financial Stocks Now – MARPS VBTX MTR PBIB appeared first on InvestorPlace.

Biggest Movers in Wholesale Trade Stocks Now – FSTR ASPN RELY HWKN

Posted: 08 Dec 2016 07:30 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

The Wholesale Trade sector saw plenty of trading activity today, including the following leaders and losers.

The post Biggest Movers in Wholesale Trade Stocks Now – FSTR ASPN RELY HWKN appeared first on InvestorPlace.

Hottest Construction Stocks Now – BLD

Posted: 08 Dec 2016 07:30 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

The following stocks were moving the Construction sector today.

The post Hottest Construction Stocks Now – BLD appeared first on InvestorPlace.

Hottest Mining Stocks Now – SGY PES RSPP ECA

Posted: 08 Dec 2016 07:30 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

The following stocks were the biggest movers and shakers in the Mining sector today.

The post Hottest Mining Stocks Now – SGY PES RSPP ECA appeared first on InvestorPlace.

World Acceptance Corp. (WRLD) Will Be the CFPB’s Final Victim

Posted: 08 Dec 2016 07:27 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

The Consumer Finance Protection Bureau may go out with a swan song: the destruction of World Acceptance Corp. (WRLD).

The post World Acceptance Corp. (WRLD) Will Be the CFPB's Final Victim appeared first on InvestorPlace.

Lululemon Athletica inc. (LULU) Stock Defies Earnings. Get Ready to Sell.

Posted: 08 Dec 2016 07:18 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

Lululemon (LULU) soared after a solid beat and raise, and the increased confidence will do well when Christmas results are announced in March.

The post Lululemon Athletica inc. (LULU) Stock Defies Earnings. Get Ready to Sell. appeared first on InvestorPlace.

Hottest Manufacturing Stocks Now – VYGR LTEA LULU MEI

Posted: 08 Dec 2016 07:15 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

The following stocks were moving the Manufacturing sector today.

The post Hottest Manufacturing Stocks Now – VYGR LTEA LULU MEI appeared first on InvestorPlace.

Biggest Movers in Retail Trade Stocks Now – TLRD WINA PRTS ZUMZ

Posted: 08 Dec 2016 07:15 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

The Retail Trade sector saw plenty of trading activity today, including the following leaders and losers.

The post Biggest Movers in Retail Trade Stocks Now – TLRD WINA PRTS ZUMZ appeared first on InvestorPlace.

Hottest Services Stocks Now – COOL AVXL ACHC MATR

Posted: 08 Dec 2016 07:15 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

The Services sector saw plenty of trading activity today, including the following leaders and losers.

The post Hottest Services Stocks Now – COOL AVXL ACHC MATR appeared first on InvestorPlace.

BlackBerry Ltd Stock: Bears Will Be Bears, Bulls Will Be Bulls (BBRY)

Posted: 08 Dec 2016 07:00 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

When it comes to BlackBerry, there is very little middle ground, as analysts either expect great things or nothing. Here's the latest look...

The post BlackBerry Ltd Stock: Bears Will Be Bears, Bulls Will Be Bulls (BBRY) appeared first on InvestorPlace.

Samsung Plans to Rain on Apple Inc.’s (AAPL) iPhone 8 Parade

Posted: 08 Dec 2016 06:57 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

Samsung (SSNLF) reportedly plans to undercut Apple's big iPhone 8 launch in 2017 by launching a new Galaxy phone with some familiar features.

The post Samsung Plans to Rain on Apple Inc.'s (AAPL) iPhone 8 Parade appeared first on InvestorPlace.

Why Alphabet Inc’s (GOOGL) Pixel Will Never Kill the iPhone

Posted: 08 Dec 2016 06:52 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

The Google Pixel isn't an iPhone killer, but it'll still do a lot of good for GOOGL stock overall. Here's how it'll influence Alphabet Inc.

The post Why Alphabet Inc’s (GOOGL) Pixel Will Never Kill the iPhone appeared first on InvestorPlace.

Go Long Advanced Micro Devices, Inc. (AMD) Stock for Free

Posted: 08 Dec 2016 06:38 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

I can go long Advanced Micro Devices (AMD) even after the massive 2016 rally ... especially if I can get a doubler for free in AMD stock.

The post Go Long Advanced Micro Devices, Inc. (AMD) Stock for Free appeared first on InvestorPlace.

Give This Cheap SPDR S&P 500 ETF Trust (SPY) Trade a Chance

Posted: 08 Dec 2016 06:36 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

The Trump effect has taken stock and options prices to opposite extremes. The SPDR S&P 500 ETF Trust (SPY) is ripe for this cheap trade.

The post Give This Cheap SPDR S&P 500 ETF Trust (SPY) Trade a Chance appeared first on InvestorPlace.

Ring In 2017 With A 7.5 Percent Yield Stock (AB)

Posted: 08 Dec 2016 06:31 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

In the spirit of the upcoming Christmas season, I present you with an opportunity in the financial management space: AllianceBernstein (AB)

The post Ring In 2017 With A 7.5 Percent Yield Stock (AB) appeared first on InvestorPlace.

Trade of the Day: Suncor Energy Inc. (USA) (NYSE:SU)

Posted: 08 Dec 2016 06:03 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

Standard & Poor's estimates that this company's production will grow at 6%-8% per year through 2020.

The post Trade of the Day: Suncor Energy Inc. (USA) (NYSE:SU) appeared first on InvestorPlace.

3 “Preferred” Dividends for Secure 6% Yields

Posted: 08 Dec 2016 06:00 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

If you could earn 5% to 6% in income every year from a stock you don't have to watch, you'd hold it. Here are 3 "preferred" that fit the bill

The post 3 "Preferred" Dividends for Secure 6% Yields appeared first on InvestorPlace.

25 Software Stocks to Sell Now

Posted: 08 Dec 2016 06:00 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

The overall ratings of 25 Software stocks are down on Portfolio Grader this week. Each of these rates a "D" ("sell") or "F" overall ("strong sell").

The post 25 Software Stocks to Sell Now appeared first on InvestorPlace.

17 Internet Software & Services Stocks to Sell Now

Posted: 08 Dec 2016 06:00 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

This week, the ratings of 17 Internet Software & Services stocks on Portfolio Grader are down. Each of these rates a "D" ("sell") or "F" overall ("strong sell").

The post 17 Internet Software & Services Stocks to Sell Now appeared first on InvestorPlace.

12 Energy Equipment & Services Stocks to Buy Now

Posted: 08 Dec 2016 06:00 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

12 Energy Equipment & Services stocks are moving up in their overall rating this week, according to the Portfolio Grader database. Every one of these is graded an "A" ("strong buy") or "B" overall ("buy").

The post 12 Energy Equipment & Services Stocks to Buy Now appeared first on InvestorPlace.

Sears Holdings Corp (SHLD) Stock Is Officially a Lost Cause

Posted: 08 Dec 2016 05:54 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

Sears Holdings (SHLD) is a lost cause. If you own Sears stock, sell it now so you can still get a decent price for it.

The post Sears Holdings Corp (SHLD) Stock Is Officially a Lost Cause appeared first on InvestorPlace.

5 Textiles Apparel & Luxury Goods Stocks to Sell Now

Posted: 08 Dec 2016 05:45 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

The overall ratings of 5 Textiles Apparel & Luxury Goods stocks are down on Portfolio Grader this week. Each of these rates a "D" ("sell") or "F" overall ("strong sell").

The post 5 Textiles Apparel & Luxury Goods Stocks to Sell Now appeared first on InvestorPlace.

3 Hotels Restaurants & Leisure Stocks to Buy Now

Posted: 08 Dec 2016 05:45 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

3 Hotels Restaurants & Leisure stocks are moving up in their overall rating this week, according to the Portfolio Grader database. Every one of these is graded an "A" ("strong buy") or "B" overall ("buy").

The post 3 Hotels Restaurants & Leisure Stocks to Buy Now appeared first on InvestorPlace.

3 Hotels Restaurants & Leisure Stocks to Sell Now

Posted: 08 Dec 2016 05:45 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

This week, 3 Hotels Restaurants & Leisure stocks are worse, according to the Portfolio Graderdatabase. Each of these rates a "D" ("sell") or "F" overall ("strong sell").

The post 3 Hotels Restaurants & Leisure Stocks to Sell Now appeared first on InvestorPlace.

3 Internet Software & Services Stocks to Buy Now

Posted: 08 Dec 2016 05:45 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

This week, 3 Internet Software & Services stocks are improving their overall ratings on Portfolio Grader. Each of these stocks is rated an "A" ("strong buy") or "B" overall ("buy").

The post 3 Internet Software & Services Stocks to Buy Now appeared first on InvestorPlace.

6 Communications Equipment Stocks to Sell Now

Posted: 08 Dec 2016 05:45 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

This week, the overall grades of 6 Communications Equipment stocks are lower, according to the Portfolio Grader database. Each of these rates a "D" ("sell") or "F" overall ("strong sell").

The post 6 Communications Equipment Stocks to Sell Now appeared first on InvestorPlace.

3 Textiles Apparel & Luxury Goods Stocks to Buy Now

Posted: 08 Dec 2016 05:45 AM PST

InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips

The grades of 3 Textiles Apparel & Luxury Goods stocks are better this week, according to the Portfolio Grader database. Every one of these stocks has an "A" ("strong buy") or "B" overall ("buy") rating.

The post 3 Textiles Apparel & Luxury Goods Stocks to Buy Now appeared first on InvestorPlace.

Sharing is Caring

Sharing is Caring


SG Market (08 Dec 16)

Posted: 07 Dec 2016 05:06 PM PST

Funds flow may continue to power the hugely overbought market with rotational play shifting to the small mid-caps. Regional bourses in Tokyo (+1.2%), Seoul (+1.2%) and Sydney (+1.1%) opened higher.Technically, the overstretched STI could face some resistance at the 2,960 triple-top, with next objective at 3,040. Underlying support is at the 2,882 breakaway gap.

Stocks to watch:
*Riverstone. MKE believes that recent share price correction due to Malaysia's new FX repatriation policy has been overdone, as it has a limited earnings impact. Maintain Hold with TP of $0.92 (pegged to 16x FY17e P/E), as current valuation of 15x is not compelling.

*Citic Envirotech/ Sunpower: A consortium comprising the two, together with Guangdong Keying Zhiran Environmental has been awarded a Rmb3.2b PPP project consisting co-gen power and steam facilities, an industrial wastewater treatment plant, water cycling plant and other ancillary assets in Guangdong, China. Phase 1 will see an investment of Rmb2b to design and build a 40,000 m3/day industrial wastewater treatment plant and a 30,000 m3/day recycling plant, with completion by end-2017.

*Mermaid Maritime: Terminated a contract to construct a DP2 dive support and construction vessel for China Merchants Industry on mutual terms. The pre-paid installment of US$20.4m has been impaired in FY15, and no further obligations are due. Trading at 0.5x P/B.

*TTJ: 1QFY17 net profit was mostly flat at $4.1m (-1%) on revenue of $26.5m (+3.6%) due to stronger contributions from its structural steel business. However, gross margin contracted to 20.4% (-9.8ppts) due to lower margin projects executed during the period. Bottomline was supported by FX gains of $0.2m (1QFY16: $1.4m loss) as well as lower admin expenses (-9.6%). NAV/share at $0.372.

*Tianjin Zhong Xin Pharmaceutical: Obtained the certification from Zhongzhi (Beijing) Certification, indicating that the company has systems of intellectual property management which are compliant with the national standards. The certification will allow it to pursue higher standards in the management of its IP as it innovates in the Chinese medicine space.

*Foreland Fabrictech: Lodged a complaint against its former Executive Chairman with the CAD in relation to possible breach(es) of securities law or other offences.

*Asia Fashion: Proposed a placement of 35m shares at $0.11 apiece, representing a 37.5% premium to the average price on 7 Dec to four individuals to raise $3.75m for working capital. The placement shares will make up 40.94% of the enlarged share capital.

*Jason Holdings: The application for a scheme or arrangement has been granted by the Singapore High Court, and the company is expected to meet with creditors by 1 Feb '17 to approve the scheme.

*Amplefield: To be removed from the SGX watchlist on 9 Dec in light of its proposed transfer to the Catalist board.

Singapore Shares, Singapore Stocks, SGX, STI and More - PuntersGallery.Com

Singapore Shares, Singapore Stocks, SGX, STI and More - PuntersGallery.Com


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