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Stocks to watch: CDL, SembMarine, Technics Oil & Gas

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Sembcorp Marine subsidiary PT SMOE inaugurated on Thursday a training and learning centre in Batam that will work towards retaining a core group of skilled workers for the delivery of both domestic and international projects.

THE following stocks had news or developments that may influence trading on Friday.

City Developments Limited (CDL): The developer is eyeing strategic investments in real-estate companies to take advantage of the current price discount in equity markets, under its plan to deploy S$5 billion in overseas expansion over five years. Group chief executive Grant Kelley said this is part of the "5-5-5" strategy stitched together since he joined the group in 2014; "5-5-5" is code for the deployment of S$5 billion in funds management and S$5 billion in overseas investments over a five-year period.

Sembcorp Marine: Sembcorp Marine subsidiary PT SMOE inaugurated on Thursday a training and learning centre in Batam that will work towards retaining a core group of skilled workers for the delivery of both domestic and international projects.

Technics Oil & Gas: The mainboard-listed offshore marine player is facing two more legal suits of close to S$5 million in loan repayments, even as a S$70.5 million newbuild order for its work fell through. The two new suits, both detailed in a filing to Singapore Exchange on Thursday evening, bring to three the number of legal proceedings that the company received on Thursday.