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Stocks to watch: CapitaLand, Serrano, Civmec, telcos, banks

Friday, December 16, 2016 - 09:15

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SHARES of the following companies may be affected by recent events or announcements:

CapitaLand has acquired the 136-unit Temple Bar Hotel in Ireland for 55.1 million euros (S$83.6 million).


Catalist-listed interior design company Serrano Ltd said that Chia Wing Keong, its chief executive officer and executive director, has been declared bankrupt by the court. He is the second director to be made bankrupt in a month.


Australia-based constriction firm Civmec Limited is planning to invest A$80 million (S$85 million) to construct a shipbuilding facility in Henderson, a suburb of Perth, Australia.

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Telecommunication companies M1 and StarHub saw their share price take a hit on Thursday, a day after the announcement of a fourth telco entering Singapore's market. M1's share price closed 3.47 per cent lower on Thursday to S$1.95, while StarHub fell 3.1 per cent to S$2.81. Largest operator Singtel's share price slid only 0.8 per cent to S$3.73.


Bank stocks were affected by the United States Federal Reserve's decision to raise interest rates. They fell on Thursday amid concerns over asset quality, but largely recovered on the same day after overselling. UOB fell the most at 1.42 per cent to S$20.90, OCBC dipped 0.97 per cent to S$9.15, and DBS slid 0.17 per cent to S$17.93.

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