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Why these two Russian metal stocks are forging their way back into Hong Kong investors’ hearts

Shares in Rusal, the world’s second-largest aluminium producer, have surged by 71 per cent since the United States signalled its intention seven weeks ago to lift sanctions against the company. But can the Hong Kong-listed stock rise further? It is possible, according to some analysts who said they considered the stock to be undervalued. The Moscow-based company has been beaten down by a geopolitical spat between the US and Russia, which led last April to US sanctions against 23 Russian heavyweights and the firms they control, including Rusal. US sanctions-hit…

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Singapore 

AVA recalls ‘kok zai’ peanut snack after metal fragment found in Malaysian product, Singapore News

SINGAPORE – A Chinese New Year snack has been recalled following a report that a metal fragment was found in the pastry. On Saturday (Jan 19), the Agri-Food and Veterinary Authority (AVA) said it ordered the importer of Da Ji Da Li brand Peanut Puff to recall the product after a small fragmented piece of metal was found. “Following investigation, AVA established that the fragmented metal piece came from a machine used for making the peanut puffs at the factory,” AVA said. It advised consumers not to consume the products…

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Singapore 

Metal object found in CNY peanut snack sold at Giant in Ang Mo Kio, Singapore News

SINGAPORE – All Ms Foo Yen Pyng wanted was to enjoy an early Chinese New Year snack. But when she bit into it, she was horrified to feel something hard and sharp. Promptly spitting it out, she saw that it was a piece of metal that had been hidden in her kok zai. “I was so surprised… Had I not been chewing slowly, I could have swallowed it!” said the 48-year-old analyst. She told The Straits Times on Saturday (Jan 12) that her 76-year-old father had bought the mini peanut…

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Singapore 

LTA to test metal detectors, X-ray scanners at selected MRT stations from Nov 12, Singapore News

SINGAPORE – Some train commuters may soon have to walk through a metal detector and pass their belongings through an X-ray scanner before entering the fare gates, as part of a new trial on enhanced security screening at MRT stations here. The six-month trial, which will begin next Monday (Nov 12), will see such screening equipment deployed at up to six MRT stations at a time, said the Land Transport Authority (LTA) on Monday. It will be conducted at selected MRT stations across all rail lines. LTA said that the…

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Singapore 

Man with OCD assaults parents with metal pole after father uses same tissue to wipe mouth and nose, Singapore News

SINGAPORE – A man with obsessive compulsive disorder (OCD) flew into a rage when he saw his father using the same piece of tissue to wipe his mouth as well as his nose. Foo Shun Xiang, 37, hit Mr Foo Sah Leong, 68, with a 1.2m-long aluminium pole, and continued beating the older man even after he started bleeding. When his mother, Madam Chow Ah Lee, 65, tried to intervene, Foo used the same pole to hit her multiple times until it broke. The court heard that her injuries included…

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