Wednesday, March 26, 2008

Singapore Share Market Summary (260308)

Reports to check out:

GOLDEN AGRI-RESOURCES

Splitting shares, splitting hairs



CHT HOLDINGS Second Opinion

Hold, but not by choice

*****



Market:

The STI went down 4.97 pts to close at 2,995.22.

Volumes were at 1.47 bln at a value of S$1.56 bln. This means on average each share is worth $1.061.

Gainers and losers were 1 to 1.

*****



Stories of note:

TEE INTERNATIONAL

Gets S$109 mln Marina Bay Sands contract



LOW KENG HUAT

To be more selective in tenders



ASCENDAS REIT

Buys CGGVeritas Hub for S$18.25 mln and Rutherford and Science Hub for S$51.52 mln from Ascendas companies



ASIA PACIFIC BREWERIES

Expands production capacity of Hanoi brewery in Vietnam

Spends US$1 mln to increase capacity from 30 mln litres to 46 mln litres



HENGXIN TECHNOLOGIES

Issues summons to ex-CEO and ex-director for breach of contract



SWIBER

Shipyard delivers floating crane barges to OBT Holdings

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