Note: This article was first posted on 15 January 2022 at 11.21 am. It was updated on 16 January 2022 at 7.35 am to add a paragraph at the end of the section “Convoluted response” which is highlighted in bold. __________________________________ On 14 January 2022, Econ Healthcare responded to SGX queries about its share trading debacle, together with a press statement. The response is confusing... Source

The Straits Times Index rose every day, adding 76 points or 2.4% at 3,281.97 The main push on the index came from the three banks Also helping was a relatively firm Wall St where inflation worries lingered UOB to buy Citi’s 4 Asean assets for almost S$5b AEM, IFast, Econ Healthcare were among the stocks in focus Singapore is in a “sweet spot’’: Maybank Banks provided the main push for STI to rise every day last week The three banks were in focus during a week in which rising inflation and comments by US Federal Reserve chair Jerome Powell about the state of the US economy provided the backdrop. Overall sentiment was firm, but an air of caution could be detected, which is understandable, given that interest rates are expected to rise, possibly as early as March. As always, direct

Note: This article was first posted at about 2.20 pm on 13 January and has been updated at 7.00 pm the same day to reflect the “disclosure of interest” statements actually included in the company’s announcements, which are different from that specified under SGX Rules. It was further updated on 14 January at 7.15 am to amend my comment on the “disclosure of interest” statement in the Company’s... Source

Despite the COVID-19 global pandemic continuing to pose challenges to businesses both in Singapore and across the world, there were still some companies that pursued an initial public offering (IPO) on the Singapore Exchange (SGX) – with 2 companies listing on the SGX Mainboard while the other on the Catalists’ board. Among the three companies that had their IPOs on SGX in 1H2021, two of them were from the manufacturing sector. This is in line with the Ministry of Trade and Industry’s (MTI) 10-year “Manufacturing 2030” plan to attract companies at the frontier of manufacturing and promotion of Industry 4.0 Adoption. In this week’s edition of 4 Stocks This Week, we look at the IPOs in 1H2021 on the SGX and find out how these stocks have performed since being listed. Aztech

Despite the delisting wave, many companies have stepped up and list on the Singapore Exchange. In particular, the Catalist Board has seen a flurry of new listings, which is good news for the secondary board, as there has been a lack of new listings in recent years. With that, we will be looking into these 5 Catalist Companies, which are: OTS Holdings Limited (SGX: OTS) Econ Healthcare (Asia) Limited (SGX: EHG) Aedge Group Limited (SGX: XVG) Singapore Paincare Holdings Limited (SGX: FRQ) Southern Alliance Mining Limited (SGX: QNS).

Wall Street’s movements continued to set the direction; US market wobbled on Thursday after news of Biden’s tax plan but recovered on Friday after positive economic news; Bitcoin and other cryptocurrencies collapsed on the tax news; US Treasuries were mainly flat for the week; The STI fell below 3,200, down 7 points or 0.02% at 3,194.04; Countries in Asia like India and Japan continue to struggle to contain the virus Sembcorp Industries, Aztech Global were in play after positive analyst reports were issued; Econ Healthcare relisted after 9 years Biden’s tax plan rocked the US market but it recovered Trading in the local stock market last week followed familiar lines as prices tracked overnight movements on Wall Street at the start of each day’s trading, followed by rises and f

Econ Healthcare ("Econ" or the "Company") announced that its public offering of 1.8m shares was 86.9x subscribed. Including the 48.2m placement shares, the offering was around 4.1x subscribed.Mr Ong Chu Poh (王再保), founder, Executive Chairman and Group Chief ExecutiveOfficer of Econ Healthcare, said: "We are highly encouraged by the response we havegarnered for our IPO, which is indicative of the

Econ Healthcare (Asia) Limited ("Econ" or the "Company") is offering 50m shares at Singapore 28 cents each for its upcoming IPO of which 48.2m shares will be through placement and 1.8m shares for the public. The market cap based on the IPO price is around $72m. The IPO will close on 15 April 2021 on 12 noon and commence trading on 19 April, 9am.Principal BusinessAccording to the prospectus, Econ