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Stocks to watch: Ezra, SIA, Tiger, SingPost
THE following developments could lead to increased stock market trading activity on Monday:
Ezra Holdings announced before opening of the market on Monday that its subsea division, EMAS AMC, has won subsea contracts worth nearly US$70 million, including work with a new client in the Middle East.
Singapore Airlines (SIA), in response to a previous open letter from the Securities Investors Association Singapore, stressed that its takeover bid for Tiger Airways is fair and "compelling", and that market analysts have also recommended that shareholders accept the company's offer.
Singapore Post (SingPost), in a response published in The Business Times today on a commentary by the newspaper on its corporate governance, said that it is confident that the company is "on the right track to accelerate transformation". "SingPost needs leaders for continuity to carry through sustained efforts, and appropriate talent and expertise for e-commerce logistics to grow and develop internationally. Our board composition and management structure support these growth objectives and trajectory," wrote Jason Lim, vice-president of investor relations at SingPost.