PHILLIP SECURITIES | UOB KAYHIAN |
Singapore Banking Monthly – Interest rates show slight uptick
|
Aztech Global (AZTECH SP)
|
LIM & TAN |
LIM & TAN |
Sembcorp Marine ($0.083, up 0.1 cents) has successfully completed the Vito Regional Production Facility (Vito RPF) for Shell Off shore Inc. With the Vito RPF, the Group’s first floating production unit, Sembcorp Marine marks another major milestone in its newbuilding track record. Sembcorp Marine is currently undertaking the construction of a second FPU project for Shell, involving the fabrication and integration of the FPU topsides, living quarters and hull, for the Whale development
|
mm2 Asia ($0.051, down 0.1 cents) refers to the announcement made by the Company on 9 December 2020 in relaƟ on to the Heads of Agreement relaƟ ng to the proposed merger of the mm2 Asia Ltd cinema business with Golden Village cinemas in Singapore. The Long Stop Date under the Heads of Agreement by which the stated condiƟ ons of the proposed merger were required to be satisfied was 31 December 2021. As this date has passed with one or more conditions not fulfilled, the Heads of Agreement has lapsed. The Company will continue to explore new avenues to maximise stakeholder value and the Board will make additional announcements as required in due course to update shareholders. mm2 Asia’s market cap stands at S$118.6mln and is currently loss making. It currently trades at 0.71x PB and currently pays no dividends. |