Wednesday, September 17, 2014

Market News In 2 Minutes @ 17th September 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. Singapore Airlines (C6U) - Its long-haul budget carrier, Scoot, has opened its books for the first time and the picture is not pretty. It revealed losses of more than $25 millions less than two years, the Straits Times reported. (source : The Edge)

2. YuuZoo Corporation (AFC) - Started trading on the SGX Mainboard yesterday. The listing follows the reverse takeover of W Corporation by YuuZoo. YuuZoo says it is the first Singapore-based social e-commerce company to be listed on the SGX. (source : The Edge)

3. Keppel Corporation (BN4) - Secured a repeat contract from Gulf Drilling International for its fifth jackup rig from Keppel for US$227 million. The agreement for the jackup rig, scheduled for delivery in 1Q16, includes options for two more rigs for deliveries in 2017. (source : Shares Investment)

4. Singapore Medical Group (5OT) - Its flagship clinic, The LASIK Surgery Clinic, will offer the latest vision correction procedure, ReLEx® SMILE, to address the different needs and profiles of its patients.


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