FOR the 5 trading sessions that spanned Jun 3 to 9, the Straits Times Index (STI) declined 0.5 per cent, with the FTSE China A50 Index adding 3.0 per cent, the Hang Seng Index gaining 4.5 per cent and the FTSE Bursa Malaysia KLCI falling 1.9 per cent. 

As shares in Mun Siong Engineering climbed to 6.1 cents at 3.47pm on June 10, or 17.3% higher than its last-closed price of 5.2 cents, a query from market regulator Singapore Exchange Regulation (SGX RegCo) was triggered.In the bourse filing, SGX RegCo noted Mun Siong Engineering’s “unusual volu...

UOB Kay Hian analyst Llelleythan Tan has called Yangzijiang Financial Holding (YZJFH) an “undervalued gem” in an unrated report dated June 9.On June 8, the company had just obtained its shareholders’ approval to conduct its $200 million share buyback programme.The buyback was conducted on June...

Yangzijiang Financial Holding has commenced its share buyback, just a day after it was given the mandate by shareholders to do so.In an SGX filing on June 9, the company said it has bought one million shares at 51 cents each.On June 8, after shareholders gave the nod at an EGM, the company announced...

Maintaining the barbell approach recommended by analysts is proving heavy this year.Singapore investors not only have to contend with new waves of Covid-19 in July, as warned by health minister Ong Ye Kung, but also consider a host of worries abroad.RHB Group Research analyst Shekhar Jaiswal lists t...

Come November, there should be some respite for rising interest rates for stock markets and investors, says Paul Chew, head of research at Phillip Securities.Chew expects the US Federal Reserve to continue hiking up rates till September to tackle inflation because the Fed seems to be guiding a “ne...

THE following companies saw new developments that may affect trading of their securities on Thursday (Jun 9):

YANGZIJIANG Financial Holding is buying back up to S$200 million worth of shares after shareholders voted in favour of a share buyback mandate.

Yangzijiang Financial Holding has allocated $200 million for its share buy-back programme, following mandate given by shareholders. At an EGM held on June 8, 99.81% of the shareholders’ votes were in favour of the mandate. “The purpose of the programme is to increase Shareholders’ ...

CGS-CIMB Research has initiated coverage on Yangzijiang Financial Holdings (YZJFH) with an “add” call and a target price of 74 cents.YZJFH is the carved-out and spun-off debt investment and investment management division of Mainboard-listed Yangzijiang Shipbuilding.The target price is based on a...