Jun 2: Tiger Air, Swing Media, Old Chang Kee

Publish date: Mon, 02 Jun 2014, 08:29 AM
Last Friday, the Straits Times Index (STI) ended -4.86 points lower or -0.15% to 3295.85, taking the year-to-date performance to +4.14%. The top active stocks were UOB (+0.09%), YZJ Shipbuilding (-10.62%), DBS (-0.47%), SingTel (+0.26%), and OCBC Bank (+0.83%). Here are some stocks that could move the market this Monday morning:

Shares in Tiger Airways surged as much as 21% to a seven-month high on Friday on what traders said was speculation that its largest shareholder, Singapore Airlines, was planning to increase its stake in the loss-making carrier.

Swing Media Technology Group posted record earnings of HK$83.13 million ($13.45 million) for the fiscal year ended March 31.

Old Chang Kee reported a 20.8% increase in net profit for the fiscal year ended March 31, 2014 on improved gross profit margin. Profit net of tax was $6.02 million on a 5% increase in turnover to $68.89 million.

Singapore's National Wages Council this year recommended that low-wage workers making above $1,000 be given a "equitable and reasonable" raise - or a lump-sum payment based on skills and productivity, in addition to a built-in wage increase of at least $60 for workers earning up to $1,000 a month.

Frasers Centrepoint Asset Management Ltd (FCAM), the manager of Frasers Centrepoint Trust (FCT), has privately placed 88 million new units at $1.835 per unit, raising gross proceeds of about $161.5 million.

Pacific Andes Resources Development said its indirect subsidiary, Quality Food (Singapore), has on Thursday agreed to sell 26.5 million shares in Tassal Group Limited for A$96.73 million.
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