Markets highlights

1 Pacific Andes Resources Development said its business has been significantly affected. Revenue was HK$76 million (S$13.6 million) for the two months to Nov 28, compared with HK$282 million for the same period in 2014.

2 Property player Roxy-Pacific is acquiring the leasehold interests of an island known as Kudafunafaru at Noonu Atoll in the Maldives for US$31 million (S$43.2 million).

3 SBI Offshore expects a loss for the year to Dec 31, primarily due to lower revenue, unrealised exchange losses arising from the strengthening of the US dollar, and an impairment loss on trade debtors.

4 Far East Group expects a net loss for the year to Dec 31. This is due to slower projects, mainly in China, resulting in deferred or cancelled orders, increased labour costs and more competition.

5 HG Metal Manufacturing expects a loss for the fourth quarter and full year to Dec 31. This is due to provisions for asset impairment, plus lower revenue generated in the fourth quarter.

A version of this article appeared in the print edition of The Straits Times on February 06, 2016, with the headline 'Markets highlights'. Print Edition | Subscribe