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Stocks to watch: Noble Group, Best World International, Oxley Holdings
THE following companies saw new developments that may affect trading of their shares on Tuesday:
Noble Group: Noble Group may default on its debt in as soon as the next six months, said S&P Global Ratings and Moody's Investors Service, which again cut their scores on the commodity trader and warned that planned asset sales may be insufficient to cover obligations.
Best World International: Shares of Best World International, a direct seller of skincare and wellness products, on Tuesday fell 12 per cent or 18.5 Singapore cents to close at S$1.355 on news of China's crackdown on pyramid schemes.
Oxley Holdings: Homegrown property developer Oxley Holdings said on Tuesday its hotel development on Stevens Road had received the Temporary Occupation Permit (TOP) on Aug 3. The group said that the hotels at the development, operating under the Novotel and Mercure brands, are expected to commence operations in the second quarter of FY2018.