SGX:ZKX

Singapore Shares Rally Despite Ongoing US-Iran Conflict; Clearbridge Health Zooms 100%

Singapore shares showcased resilience, ending Thursday in green, despite mixed performances across regional indices, in line with the flaring up of tensions across the Middle East following new US attacks on Iran.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,929.94 and 4,997.56 throughout the day. It ended the session at 4,988.10, up 29.25 points or 0.6% compared to Wednesday's close.On the corporate front, shares of Clearbridge Health (SGX:1H3) soared over 100% at the close as it signed subscription agreements to place around 2.15 billion new shares at SG$0.0018 per share, raising about SG$3.9 million.Q & M Dental (SGX:QC7) closed nearly 3% higher as it completed the acquisition of Ann Arbor Dental Surgery and issued 657,819 shares at SG$0.55 per share to vendors as part of the consideration.Meanwhile, shares of Ever Glory United (SGX:ZKX) were down over 1% as it allotted and issued 375,000 tranche C shares to vendors of Fire-Guard Engineering following the fulfilment of the 2025 profit milestones under the acquisition agreement.

Ever Glory United Allots, Issues Consideration Shares

Ever Glory United (SGX:ZKX) allotted and issued 375,000 tranche C shares to vendors of Fire-Guard Engineering following the fulfilment of the 2025 profit milestones under the acquisition agreement, according to a Wednesday filing with the Singapore Exchange.Additionally, 71,872 bonus shares were awarded after Fire-Guard exceeded its profit targets in 2023 and 2025.As a result, the total tranche C share issuance amounted to 446,872 shares.The new shares are expected to be listed on or around June 12.

CGS International Adjusts Ever Glory United's Price Target to SG$0.90 from SG$1.13, Keeps at Add

Geopolitical De-escalation Hopes Lift Singapore Shares; Frencken Group Closes 8% Lower

Singapore shares extended their winning streak on Tuesday, despite mixed regional showings, as hopes of a peace deal between the US and Iran were lifted following comments made by the US President Donald Trump.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,001.85 and 5,072.34 throughout the day. It ended the session at 5,072.34, up 75.59 points or 1.5% compared to Monday's close.Trump disclosed that a planned military strike against Iran had been deferred following direct intervention and mediation requests from Qatar, Saudi Arabia, and the UAE.On the corporate front, shares of Frencken Group (SGX:E28) closed nearly 8% lower, as its profit attributable to equity holders fell 20% during the first quarter of the year to SG$8 million from SG$10 million a year earlier.Ever Glory United (SGX:ZKX) was up nearly 4%, as it secured new contracts worth SG$230 million, taking the company's total order book to more than SG$900 million.Meanwhile, shares of Geo Energy Resources (SGX:RE4) closed over 4% lower, as it signed non-binding agreements to support the operations and development of Harfa Taruna Mandiri, the Indonesian mine operator it intends to buy.

Ever Glory United Bags New Contracts Worth SG$230 Million; Shares Surge 6%

Ever Glory United (SGX:ZKX) secured new contracts worth SG$230 million, taking the company's total order book to more than SG$900 million, according to a Monday filing with the Singapore Exchange.Shares of the mechanical and engineering contractor were up over 6% in Tuesday trading.The contracts include a transport infrastructure project for Singapore's Land Transport Authority, works at Resorts World Sentosa and contracts for various commercial and office building projects.

CGS International Adjusts Ever Glory United Holdings' Price Target to SG$1.13 from SG$0.90, Keeps at Add