Actions to watch for: Hi-P, DBS, Keong Hong, IHH Healthcare, Pine Capital, Stocks



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Wed 28 Nov 2018 – 08:35

The following companies have seen new developments that could affect the trading of their shares on Wednesday:

Hi-P International: On Tuesday, his shares climbed 3.77%, as more and more bettors made the prospect of a share purchase contract, although the company said it had not been contacted by any party. Rumors about a possible deal resulted in Monday's 30.9 percent increase in the contract manufacturer's shares, resulting in an unusual request from the Singapore Stock Exchange.


DBS Group HoldingsDBS plans to expand in the Middle East, focusing on a growing wealth segment seeking investment opportunities in Asia, the bank said Tuesday. It will make its Dubai office a strategic center for the Middle East and position itself as the partner of choice for clients wishing to enter the Asian market. The largest bank in Southeast Asia intends to double the number of private bankers in Dubai over the next five years, from more than 20 today, said a door of the DBS. The total number of the agency in Dubai is currently over 40.


Keong Hong Holdings: Keong Hong Holdings net profit in the fourth quarter fell in the absence of an exceptional gain and a decline in revenues. The construction and real estate group posted a 86.9% drop in net profit to S $ 6.8 million for the quarter ended September 30th.


IHH Healthcare: Foreign exchange losses on business unit borrowings drove IHH Healthcare (Malaysian company) into the red in the third quarter. The health group recorded a net loss of 104.1 million rand (34.2 million Singapore dollars) for the quarter ended September 30, 2018, compared to a profit of 82.1 million rand for the same period last year. the year before.


Pine Capital Group: The Group seeks gross proceeds in excess of US $ 2.15 million from the equity offering representing 13.67% of its existing equity, or 12.03% of its broader equity interest, in favor of management consulting firm JMO Pte Ltd.

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