~ Stock News Singapore ~

S'pore: Shares open lower:

Singapore share prices opened lower on Wednesday with the Straits Times Index down 19.7 points to 2,944.92.
Volume was 86.6 million shares worth S$61.9 million.
Losers outnumbered gainers 87 to 26.

Singapore Daily Bulletin:

Keppel Kazakhstan Tie-Up Bags US$242m Jack-Up Rig Contract In another media release by Keppel Corporation, Keppel Kazakhstan LLP and its consortium partner, Ersai Caspian Contractor LLC, have announced bagging a US$242 million jack-up rig contract from Teniz Burgylau LLP, a unit of KazMunayGas, Kazakhstan’s state-owned oil and gas company.

DBS downgrades China Minzhong to hold:

DBS Vickers downgraded vegetable processing firm China Minzhong Food Corp Ltd to 'hold' from 'buy' and cut its target price to S$0.60 from S$1.45, citing cost challenges, lower margins outlook and muted growth prospects.
By 0215 GMT, China Minzhong shares were 1.6 percent lower at S$0.60 and have fallen about 26 percent so far this year, compard to the FT ST China Index's 2.4 percent rise.

IHH listing benefits ASEAN healthcare stocks-CIMB:

IHH Healthcare's planned $2 billion listing in Malaysia and Singapore - the third largest IPO of the year - has brought interest back into healthcare stocks in Singapore's Raffles Medical Group Ltd.
Shares of Raffles Medical were up 0.9% at S$2.36, and have gained 11% so far this year, compared to the Thomson Reuters Asia Pacific and Russia Healthcare Index's 5.6 percent rise.