Thursday, May 22, 2014

Market News In 2 Minutes @ 22nd May 2014

Market News in 2 minutes

As stock investors (even though a small one), it is important to keep abreast with the latest financial and market news. Since I am in it, I thought it might be worthwhile to share it out with my readers too.

Hence, I started this "Market News In 2 Minutes" series.
Following are the "Market News In 2 Minutes" for today :
1. KrisEnergy (SK3) - Said on Wednesday that it plans to buy the remaining stake in an oil block in Thailand from Mubadala Petroleum, a subsidiary of an Abu Dhabi state investor, for US$102.5 million ($128.4 million). For more details, click here. (source : The Edge)

2. Singapore is opening its bus services to more competitors in the second half to boost services and cut consumer waiting times. For more details, click here. (source : The Edge)

3. Ezra Holdings (5DN) - The provider of integrated offshore solutions to the oil and gas industry, announced the group has won contracts around the world and across its subsea services and offshore support services divisions totalling more than US$95 million ($119 million). For more details, click here (source : The Edge)

4. Sembcorp Marine (S51) - Its subsidiary, Jurong Shipyard has secured a US$236 million (about $296 million) contract to build a high specification, tailor-made jack-up rig for new customer Hercules North Sea. For more details, click here (source : The Edge)

5. Swee Hong (QF6) - Has bagged a contract from the Public Utilities Board worth $7.9 million for the ABC Waters Project at Pang Sua Pond and Toa Payoh Lorong 8. The commencement date of the contract is 16 June 2014 and the project is expected to be completed by 15 December 2015. (source : Shares Investment)

6. BH Global Corporation (B32) - Won a series of contracts totaling $18.8 million, for the provision of services and supplies to the drilling and subsea market sector. The contracts are expected to commence in 2014 with progressive delivery and revenue recognition until 2016. Further, the latest contract wins will lift the company’s order books to $47 million. (source : Shares Investment)


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