SG Morning Highlights | Creative Technology Files Notice of 3 Straight Years of Losses
Good morning mooers! Here are things you need to know about today's Singapore:
●Singapore shares opened higher on Thursday; STI up 0.55%
●Singapore's Most Defensive Active Stocks Over the Past 10 Weeks
●Stocks to watch: Centurion, Creative Tech, Oiltek
●Latest share buy back transactions
-moomoo News SG
Market Trend
Singapore shares opened higher on Thursday. The $FTSE Singapore Straits Time Index(.STI.SG$ rose 0.55 per cent to 3,210.55 as at 9.09 am.
Advancers / Decliners is 90 to 45, with 77.72 million securities worth S$83.87 million changing hands.
Breaking News
Singapore's Most Defensive Active Stocks Over the Past 10 Weeks
For the 10 weeks since the end of July, the STI declined 5.2% with reinvested dividends reducing the decline in total return to 3.5%. Because the regional Bank Sector was comparatively defensive, the STI generally outpaced Singapore's 200 most traded stocks this year, which generated a median 6.3% decline in total return over the period. One in five of the 200 stocks have booked positive defensive returns, of which most represented the Consumer Non-Cyclicals sector. This includes Catalist-listed Zixin, and Mainboard listed Golden Agri-Res, QAF, Food Empire, Delfi, First Resources and Bumitama Agri.
Stocks to Watch
$Creative(C76.SG$: Creative Technology has given notice that it has recorded pre-tax losses for three consecutive years. It however meets the financial entry criteria to avoid being placed on the Singapore Exchange's (SGX) watch list, as its six-month average daily market capitalisation as at Wednesday (Oct 11) was S$110.3 million. Creative Technology narrowed its losses in the second half ended Jun 30 this year after implementing cost-cutting measures. It posted a US$6.1 million net loss, an improvement from the year-ago loss of US$12.2 million.
$Centurion(OU8.SG$：Centurion Corporation, one of the largest dorm operators in Singapore, welcomed MOM's move to raise standards to improve the liveability of dorms. The group, which has nine facilities totalling over 34,000 beds, said it will retrofit its five purpose-built dorms, so that they meet the requirements under the DTS; these include the more-stringent requirements for isolation facilities.
$Oiltek(HQU.SG$: Oiltek International on Thursday (Oct 12) said its wholly-owned subsidiary obtained RM40.1 million (S$11.6 million) worth of new contracts in Indonesia and Malaysia. The new wins bring the group’s current order book to around RM357.2 million and the total contracts won in fiscal 2023 so far to RM260 million, the integrated process technology and renewable energy solution provider said. The group will design, fabricate, deliver, test and commission two shortening plants and one cocoa butter substitute plant in Indonesia, as well as a new dry fractionation plant in Malaysia.
Latest Share Buy Back Transactions
Source：Business Times, SG investors
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
