Posts

Showing posts from March, 2016

Over a fifth of SGX Mainboard stocks in MTP danger zone

Nearly a month after Singapore Exchange's (SGX) minimum trading price (MTP) rule kicked in, more than a fifth of Mainboard-listed firms on the local bourse still appear to be in the danger zone.

Innopac in talks to reduce consideration for failed China CNG investment

A second bid by investment and telecommunications firm Innopac Holdings to move into China's natural gas market has failed, with the firm now in negotiations to reduce the consideration paid for a related acquisition.

Why the stony silence in insider trading probes?

Any premature disclosure may compromise ongoing probes, jeopardising their outcome

Iceberg attacks: Setback for Noble in Hong Kong lawsuit

Court turns down commodities trader's bid for summary judgment against credit analyst and his company

Developers sanguine about selling out before ABSD deadlines

Despite much industry lobbying for an extension of deadlines for developers to meet the conditions for additional buyer's stamp duty (ABSD) remission on residential sites, it appears that many developers are sanguine about the looming deadlines.

Anchor Resources plunges in debut trading

Anchor Resources found itself caught in a downward spiral on Friday when it made its debut trading on Catalist. The stock kicked off trading at 18.2 Singapore cents, 27.2 per cent below its initial public offering (IPO) price of 25 cents. The plunge saw it fall as low as 14.4 cents before closing at 14.6 cents, down 41.6 per cent from the issue price. The intra-day high was 19.9 cents.

A plea for help: How China asked the Fed for its stock crash play book

Confronted with a plunge in its stock markets last year, China's central bank swiftly reached out to the US Federal Reserve, asking it to share its play book for dealing with Wall Street's "Black Monday" crash of 1987.

Millions of OKH Global shares force-sold

The stock of property developer OKH Global plunged yesterday after millions of shares that its chief executive had pledged to financial companies were force-sold.

Ex-directors of Celestial Nutrifoods being sued

Liquidator of failed firm taking bosses to court for claims estimated at over $22 million

Frugality the order of the day at broking houses

When the stock market was booming, wine flowed freely at the annual parties of some brokerages. But last year as market conditions deteriorated, employees at one brokerage noticed that the plonk was restricted to just one bottle per table.

Where's the follow-up to SGX queries on price swings?

The sudden rise in the share price of healthy-lifestyle firm OSIM International in the days before it announced a privatisation offer illustrates one of the most troubling governance lapses in the local stock market - the potential leakage of material, price-sensitive information. This has been occurring with sufficient regularity to be of concern and is an issue on which regulators should focus their investigative energies.

Investors take heed of the tale of two Chinas

China’s stock market cannot be taken at face value and the quadruple-whammy events of January 2016 are a case in point. The CSI 300 index ended 21 per cent down for January!