GSH, Thakral, CacheLog, SGX, Penguin In’tl, ST Engineering

SINGAPORE (Dec 20): Here are some factors and stocks that could move the market this Tuesday morning:

Property developer GSH Corporation, which has seen its share price nearly double over the last two months, is in talks to sell an asset it did not name. “The company is in preliminary discussion in relation to a potential disposal transaction,” GSH replied on Monday in response to a unusual trading query by SGX. GSH shares closed two cents higher at 53 cents. About 7.7 million shares were traded, compared to the 52-week average of 6.1 million.

Thakral Corporation and its joint venture partner Living Gems Lifestyle Resorts have launched two retirement resorts in Queensland, Australia, under the “GemLife” brand. These are GemLife Bribie Island and GemLife Highfields. Targeted at buyers over 65-years-old, the homes are designed for owner-occupiers and are priced between A$360,000 and A$575,000. Shares in Thakral closed at 21.5 cents on Monday.

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