Stocks to watch: Noble Group, Keppel Corp
THE following counters could see increased trading on Tuesday:
Commodity trader Noble Group warned of fourth-quarter and full-year losses as it wrote down the value of some of its coal-related contracts. Net asset value fell, but was "in excess of S$0.70 a share ".
Rigbuilding and property conglomerate Keppel Corp's shares are expected to be pressured by the ongoing Brazilian corruption investigations. The company announced it had put its agency relationship with Zwi Skornicki, a local representative of Keppel, on hold. Mr Skornicki, who had been accused of making illegal payments, was arrested in Brazil on Monday.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Europe: Stocks retreat on earnings gloom, weak US economic data
US: Stocks hit by GDP data, Meta results
Singapore stocks end lower after US market wobbles ahead of CPI data; STI down 0.2%
LSEG reports in-line first quarter as Microsoft partnership progresses
Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover
South Korea readies new system to detect illegal short-selling