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Singapore Hot Stocks-Dyna-Mac soars on Keppel investment
SINGAPORE, Mar 3 - Shares of offshore oil and gas services firm Dyna-Mac Holdings rose as much as 12 percent on Thursday after Keppel Corp said it had acquired a substantial stake in the firm.
At 0149 GMT, shares of Dyna-Mac were 10.7 percent at S$0.415 with over 53.5 million shares changing hands, making it the most actively traded stock by volume.
Keppel's offshore and marine unit invested S$87.5 million in a 27.8 percent stake in Dyna-Mac through an equity placement.
" With Keppel as a strong partner, Dyna-Mac could possibly get more orders. That's the main attraction for the stock," said a local trader.
teeth53 ( Date: 02-Mar-2011 22:35) Posted:
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March 2 (Reuters)--SE Asia Stocks-Mkts fall as oil price woes hit confidence, geopolitical risks a worry * The drop in stocks was led by a 1.3 percent loss in Singapore Southeast Asian stocks fell on Wednesday in broad-based selling as escalating geopolitical risks in the Middle East made emerging market investors wary of the impact of oil-driven inflation on the global economic recovery. Oil rose towards a 2-1/2-year high and stocks around Asia fell as investors shunned risky assets on concern that the unrest in Libya would spread through the Middle East and disrupt fuel supplies. " Keppel buys 28% stake in Dyna-Mac" By Ryanh Huang | Posted: 02 March 2011 1947 hrs Teeth53 thot--This ship may worth something more then it offer price os 0.35c, a short to mid term play. Thing worth to note--Dyna-Mac play on it first day trading listed in SGX-Exchange is a strong indication of what is to be expected by big players interest, whether is vested or not, it give a good start to players big or small stake holders in this local Industries startup on been listed in SGX-Exchange. So many BBs. This maybe one reason....just my observation. 
Thing worth to note, don play play with fire or shorting..?. Of the 436,000,000 Invitation Shares (excluding the 30,000,000 Over-allotment Shares), KS Investments Pte Ltd has been alloted and/or allocated 250,000,000 Placement Shares representing 57.3% of the Invitation Shares. The following parties have each been allotted and/or allocated 5% or more of the balance 186,000,000 Invitation Shares: Name of Holder No. of Placement Shares UOB Asset Management Pte Ltd 25,000,000 Havenport Asset Management Pte Ltd 22,000,000 Hong Leong Assurance Berhad, HL Bank and Hong Leong Asset Management Berhad 15,050,000 Hwang DBS Investment Management Bhd 15,000,000 Prudential Asset Management (Singapore) Limited 15,000,000 |