SINGAPORE, Nov 23 (Reuters) - Dynamic Colours <DYCL.SI> will
be in focus on Friday on its first trading day, while ASL Marine
<ASLM.SI> may attract trading interest after brokerage firm
Cazenove said the shipyard is a possible takeover target.
U.S. financial markets were closed for a public holiday.
Stocks and factors to watch.
- Dynamic Colours, which makes chemicals used to colour
plastic casings of electronic devices, will start trade at 9 a.m.
(0100 GMT) after selling shares at S$0.215 each in its IPO.
- Cazenove said in a note that it remains "highly positive"
on ASL Marine's business prospects and that the Singapore
shipyard is a potential acquisition target.
Cazenove, which holds an "outperform" call for the stock,
said after a company visit that any potential forex loss for the
company would be relatively modest.
- CapitaLand <CATL.SI>, Southeast Asia's largest property
developer, said it has set up its first India private property
fund CapitaRetail India Development Fund, with a fund size of
about US$600 million.
CapitaLand said it holds a 45 percent stake in the fund,
worth about $272 million. [ID:nSNBM61652]
- DBS Group <DBSM.SI> said it may take 10 years for China to
start making a meaningful contribution to the bank's bottomline.
[ID:nSIN293284]
- Innovalues <INNV.SI>, which makes machine parts for hard
disk drive makers, said its operating performance for FY2007 will
be lower than FY2006 due to a worse-than-expected slowdown in the
hard disk drive industry in Thailand. [ID:nSNBM31521]
- WBL Corp <WEAS.SI>, whose business range from making
electronic circuit boards to distributing cars, posted a net loss
of S$20.2 million ($13.9 million) for its full year ended
September, compared to a net profit of S$58.9 million.
[ID:nSNBM31231]
- Construction firm Yongnam Holdings <YNAM.SI> said it will
raise S$100 million with a rights issue of about 366.6 million
warrants at S$0.03 each. [ID:nSNBM81471]
- Singapore's Straits Times Index <.STI> fell 1.03 percent to
3,312.88 points on Thursday.
(Reporting by Chua Baizhen; Editing by Ovais Subhani)
(([email protected]; +65 6403 5658; Reuters Messaging:
[email protected]))
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Keywords: MARKETS SINGAPORE STOCKS/