SGX:JCO

DBS Bank Starts JustCo Holdings at Buy with SG$1.06 Price Target

Singapore Shares Pull Back, Mirror Regional Losses; Serial Achieva Up 5%

Singapore shares declined on Friday, tracking regional losses as Asian stocks slid on Apple's price hikes which could have an impact of booming global chip demand.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,155.95 and 5,214.11 throughout the day. It ended the session at 5,191.73, down 27.23 points or 0.5% compared to Thursday's close.In economic news, Singapore's manufacturing output increased 13% year on year in May, slowing from a revised 16.5% increase a month prior, according to data released by the Singapore Economic Development Board.On the corporate front, shares of Serial Achieva (SGX:XHV) were up nearly 5% at the close as it secured a co-location services contract in Malaysia, to provide data center capacity and related facilities to a local cloud services provider.GSH (SGX:BDX) closed nearly 4% higher as it raised SG$80 million in gross proceeds via an issuance of digital securities on the SDAX platform.Meanwhile, JustCo (SGX:JCO) was up nearly 3% at the close as it launched a new co-working space in Singapore at the Octagon.

JustCo Launches New Co-Working Space in Singapore; Shares Up 5%

JustCo (SGX:JCO) launched a new co-working space in Singapore at the Octagon, named Level 9, according to a Thursday filing with the Singapore Exchange.Shares of the co-working space provider were up nearly 5% in Friday trading.The launch is part of the company's expansion strategy outlined in its IPO prospectus.

JustCo's CEO Acquires 500,000 Company Shares; Shares Down 6%

JustCo's (SGX:JCO) chief executive officer, Kong Wan Sing, bought 500,000 company shares on June 3 and June 4 for about SG$339,144, according to a Saturday filing with the Singapore Exchange.Shares of the co-living workspaces provider dropped over 6% in Monday trading.Following the acquisition, Sing now has an 18.50% stake in the company.

Singapore Shares Remain in Green Despite US-Iran Strikes

Singapore shares remained in the green zone on Wednesday, gaining nearly 1% at the close, despite the US and Iran conducting strikes against each other, fueling an uncertain economic outlook to the region.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,112.86 and 5,150.69 throughout the day. It ended the session at 5,138.24, up 40.82 points or 0.8% compared to Tuesday's close.On the corporate front, shares of Vin's Holdings (SGX:VIN) closed over 7% lower after the company concluded its special investigation audit over irregular transactions linked to a former senior employee and confirmed fraud risk indicators.JustCo's (SGX:JCO) shares were down over 5% at the close as its stabilizing manager, DBS Bank, purchased 642,8000 shares in the company on June 2 between the price range of SG$0.685 and SG$0.765 per share.Meanwhile, Emerging Towns & Cities Singapore (SGX:1C0) secured a key regulatory waiver from the Singapore Exchange Regulation (SGX RegCo) regarding earlier undertakings in connection with a convertible loan agreement with Luo Shandong.

JustCo's Stabilizing Manager Buys Company Shares; Shares Down 4%

JustCo's (SGX:JCO) stabilizing manager, DBS Bank, purchased 642,8000 shares in the company on June 2 between the price range of SG$0.685 and SG$0.765 per share, according to a same-day bourse filing.Shares of the flexible workspace and co-working provider were down over 4% in Wednesday trading.

Singapore Shares Close Higher Amid Middle East Peace Hopes; JustCo Plunges 18%

Singapore shares closed higher on Friday, tracking regional gains as investors responded positively to hopes of the US and Iran reach a deal to end hostilities.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,039.79 and 5,072.00 throughout the day. It ended the session at 5,068.15, up 22.44 points or 0.4% compared to Thursday's close.On the corporate front, shares of JustCo (SGX:JCO) crashed nearly 18% at the close as it made a tepid trading debut on the Singapore Exchange on Friday, with its shares opening 11% below the IPO price.Keppel (SGX:BN4) shares closed nearly 5% higher as its proposed divestment of its telecommunications arm, M1, to Tuas Ltd. (ASX:TUA) subsidiary Simba Telecom was terminated.Meanwhile, shares of Bukit Sembawang Estate (SGX:B61) were up over 1% at the close as the company's profit before tax zoomed 58% in the fiscal second half ended March 31 to SG$99.4 million from SG$63.0 million a year earlier.

JustCo Shares Slide 11% on SGX Debut

JustCo (SGX:JCO) made a weak trading debut on the Singapore Exchange on Friday, with its shares opening 11% below the IPO price.The flexible workspace operator opened at SG$0.835 per share, versus its IPO price of SG$0.94.

JustCo Holdings Targets SG$100 Million in Singapore IPO

Singapore-headquartered flexible workspace operator JustCo Holdings is targeting to raise around SG$100 million through an initial public offering on the Singapore bourse, according to a company release on Friday.The company will offer around 32.1 million shares at SG$0.94 each, with cornerstone commitments of around SG$69.8 million representing 70% of the total amount.Meanwhile, the public offer will open on May 15 and will close on May 20, with the company slated to make its debut on the SGX-ST on May 22.The IPO and cornerstone issuance are expected to raise gross proceeds of about $100m million, the filing said.