Oil-related stocks take big hits on Monday, STI down 6%

9 Mar 2020 - The Business Times
SINGAPORE equities faced strong sell-offs on Monday as fears continue to escalate over Covid-19 but the local market's oil-related stocks were the most affected after sharp falls in oil prices. With the Organization of the Petroleum Exporting Countries (Opec) and Russia failing to agree to an output ...
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Singapore stocks: STI loses 4.5% on Monday afternoon

9 Mar 2020 - The Business Times
SINGAPORE equities resumed trading on Monday afternoon in negative territory following a steep selloff due to escalating worries over the economic repercussions of Covid-19 as well as a sharp fall in oil prices. The Straits Times Index (STI) was down 134 points or 4.5 per cent to 2,826.98 as at 1.06pm. The ...
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Hot stocks: Oil-related shares take beating after Riyadh sparks price war

9 Mar 2020 - The Business Times
SINGAPORE-LISTED oil-related stocks are facing large sell-offs on Monday after Opec (Organization of the Petroleum Exporting Countries) and its allies failed to agree to an output cut amid the Covid-19 outbreak. The inability to reach an agreement with Russia has resulted in a price war, with top exporter ...
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GSS Energy CEO Yeung scraps plan to acquire key operating subsidiary

27 Feb 2020 - The Edge Markets
SINGAPORE (Feb 27): Sydney Yeung, group CEO and controlling shareholder of GSS Energy, has dropped plans to buy the key operating subsidiary of the company, Giken Sakata (S) – just over a month after the proposal was mooted. “The Company understands that Mr Yeung intends to focus his efforts to manage ...
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Singapore shares jump 1.5% as novel coronavirus fears ease

12 Feb 2020 - The Business Times
THE region's equity markets continued to bounce back from their early-week losses as investors focused on picking up from Wall Street's lead, and fears about the spread of the novel coronavirus, which has been named Covid-19, faded. "Asian equities traded bid (on Wednesday) after a chorus of 'keep calm ...
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GSS Energy intends to acquire new business if deal with CEO goes through

11 Feb 2020 - The Edge Markets
SINGAPORE (Feb 11): GSS Energy intends to acquire other new businesses if the deal to sell its precision engineering unit to its group CEO Sydney Yeung goes through, so as to avoid being deemed a “cash company”. If the deal goes through, GSS Energy will be left with a 20% stake in GSS Energy Trembul, ...
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Singapore shares extend rally as virus worries begin to fade

6 Feb 2020 - The Business Times
AS attention pivots away from concerns over the spread of the novel coronavirus, risk-friendly activity in the region's equity markets continued to pick up on Thursday. Even though fatality and infection cases from the virus are still rising - more than 560 deaths and over 28,000 diagnosed, most Asia-Pacific ...
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GSS Energy CEO Yeung to buy out main operating unit

23 Jan 2020 - The Edge Markets
SINGAPORE (Jan 23): Sydney Yeung, group CEO and controlling shareholder of GSS Energy, is offering to acquire the key operating subsidiary of the company, Giken Sakata (S). “The company is still considering and formulating a response with respect to the potential transaction. “No definitive agreements ...
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Singapore stocks: STI resumes Thursday afternoon up 0.39% on day

2 Jan 2020 - The Business Times
SINGAPORE shares held onto their gains as trading resumed on Thursday afternoon, after the release of advance estimates on gross domestic product growth which was in line with private sector economists’ expectations. The Straits Times Index rose 0.39 per cent or 12.59 points on the day to 3,235.42 as ...
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Singapore shares drop 0.5% as HK bill fuels trade deal worries

28 Nov 2019 - The Business Times
ASIAN equities were mostly lower after US President Donald Trump signed the Hong Kong pro-democracy bill, just a day after reassuring markets that Beijing and Washington were in the "final throes" of a mini trade deal. "Although we knew this was coming, the market has reacted a bit negatively in a typically ...
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