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Stocks to watch: Keppel O&M, Europtronic, SPH Reit, Lum Chang, Ellipsiz, Swiber, Triyards
THE following Singapore-listed companies made announcements after the market closed on Thursday that could affect their trading on Friday:
Keppel Offshore and Marine (Keppel O&M): Its wholly owned subsidiary Keppel Shipyard has secured four contracts worth about S$120 million in total. These contracts are not expected to have a material impact on its earnings or net tangible assets for the current financial year.
Europtronic Group: With other shareholders, it is selling Europtronic Suzhou, which manufactures and distributes in-house metalised film capacitors and plastic film capacitors, for 180 million yuan (S$36 million). Europtronic Group has an 89.05 per cent stake in the company, and will receive 160.29 million yuan.
SPH Reit: The owner of Paragon and The Clementi Mall has reported a 0.7 per cent rise in distribution per unit to 1.36 Singapore cents for the third quarter. This came on the back of higher net property income, which rose 1.8 per cent to S$40 million. Gross revenue was up 1.9 per cent to S$52.2 million.
Lum Chang Holdings: Members of the family that controls the construction firm have launched a takeover offer for Ellipsiz, a semiconductor equipment provider. They are offering S$0.38 for each share of the mainboard-listed company that it does not already own.
Swiber Holdings: The offshore and marine construction services provider said its US$710 million project in West Africa might be delayed due to weakness in the oil and gas sector.
Triyards Holdings: The yard-operating subsidiary of Ezra Holdings has posted a 24 per cent fall in its net profit to US$4.12 million for the third quarter ended May 31, despite a 28 per cent rise in revenue, due to lower gross profit margins from a different mix of projects.