Reuters: Hot Stocks: STOCKS NEWS SINGAPORE-Nam Cheong rises on contract wins

Reuters: Hot Stocks Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

STOCKS NEWS SINGAPORE-Nam Cheong rises on contract wins Mar 29th 2012, 02:34 Wed Mar 28, 2012 10:34pm EDT Shares of Singapore-listed Malaysian offshore vessel builder Nam Cheong Ltd rose as much as 5.4 percent after it said its subsidiaries sold three vessels for $36.8 million. The vessels were sold to new customers from Singapore, including a Norwegian-based company, and are due for delivery in the second and third quarters of 2012, Nam Cheong said in a statement. Nam Cheong shares were up 4.9 percent at S$0.194 with volume of more than 4.3 million shares. This was 1.7 times the average daily volume traded over the last five sessions. Analysts said the contract wins were positive for Nam Cheong, as they mark an expansion in its customer base. "It's good that orders have been coming in, as they typically build the vessels before receiving orders from customers," said an analyst. For related story, click: 1028 (0228 GMT) (Reporting by Charmian Kok in Singapore; charmian.kok.thomsonreuters.com) ************************************************************ 08:44 STOCKS NEWS SINGAPORE-Singapore index futures fall Singapore index futures dipped 0.17 percent, indicating a weak start for the benchmark Straits Times Index . Asian shares eased for a second day in a row on Thursday as investors' concerns about growth prospects in the United States and China grew. Wednesday's data on new orders for U.S. durables increased modestly in February, falling below analysts' forecasts. 0840 (0040 GMT) (Reporting by Mark Tay in Singapore; mark.tay.thomsonreuters.com) Link this Share this Digg this Email Reprints

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions