Singapore stocks to watch Wednesday: Yoma Strategic, Addvalue Technologies, Spackman

Singapore two-dollar bills

These are Singapore stocks which may be in focus on Wednesday 28 November 2018:

Yoma Strategic Holdings

Yoma Strategic Holdings said on Wednesday that it was inviting shareholders to participate in a three-day, two-night trip to Yangon, Myanmar, in February, to visit key property development projects and its consumer, automotive and financial services businesses.

The company will provide ground transportation and sponsoring meals in the group’s restaurants, while shareholders will need to pay all other costs, including flights and accommodation, it said in a filing to SGX before the market open on Wednesday.

Addvalue Technologies

Addvalue Technologies said on Tuesday that it received another order of its in-house high-end proprietary software defined radio (SDR) communication module from a government agency, which has been purchasing various versions of the SDR Modules in repeat orders since the beginning of 2018.

Including the new order, the total contract value of the SDR Module so far is around S$2.2 million, with the outstanding order expected to be completed within the current financial year ending 31 March 2019, it said in a filing to SGX after the market close on Tuesday.

Addvalue said it expected growing demand for the SDR Module and SDR Technology to make them “star products” for the company.

Addvalue Technologies

Addvalue Technologies said on Tuesday that it allotted and issued 100 million placement shares at S$0.25 each to 10 shareholders.

Following the completion of the placement, the issued and paid-up share capital has increased to 1.87 billion shares, excluding treasury shares, from 1.77 billion, it said in a filing to SGX after the market close on Tuesday.

The placement shares are expected to be listed on the main board of SGX and begin trading on Thursday, it said.

Spackman Entertainment

Spackman Entertainment said on Wednesday that its upcoming film, Default, ranked No.1 in ticket reservations in South Korea as of Tuesday, ahead of its opening day on Wednesday, according to data from the Korean Film Council.

The film, which is a financial thrill about the lead up to the IMF bailout package for South Korea during the late 1990s Asian Financial Crisis, had a 35.1 percent market share of advance booking tickets, with a total of 125,652 tickets reserved, it said in a filing to SGX before the market open on Wednesday. Booking sales were recorded at 786.9 million won, or US$700,000 as of Tuesday, it said.

Default was produced by Spackman’s wholly owned subsidiary, Zip Cinema, and stars Yoo Ah-in, who is represented by Spackman’s associated company, Spackman Media Group, it said.

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