Market is expected to be choppy for this few sessions. Despite recent volatility in oil price, some analysts remain bullish on crude. If they're correct, this will help some but not all Asian energy shares. US markets ended lower overnight on rising fears about the euro zone's debt problem, but local real estate stocks may get support from a takeover offer for Allgreen.
Property firm Allgreen may be in focus after Brookvale, a firm linked to Malaysian tycoon Robert Kuok, offered to take over the company private in a transaction that values the property firm at S$2.54 billion ($2.1 billion). Brookvale will pay S$1.60 per Allgreen share or 39 percent more than Allgreen's last traded price of $1.15 on Friday.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....