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Stocks to watch: Noble, Singtel, Singapore banks
THE following stocks had announcements or developments that could affect trading activity at Singapore Exchange on Friday.
Noble Group: The commodity trader has hired former oil trader Wael Amer to build up its operations in the Middle East and North and East Africa. Mr Amer was formerly the head of oil trading for the Middle East and Africa for Trafigura, one of the world's largest and, reportedly, most controversial commodities firms.
Singapore Telecommunications (Singtel): The telco on Thursday announced that it is investing S$400 million in a Tier 3-Plus data centre in Jurong to meet the growing demand for co-location and cloud services in Singapore. This is Singtel's biggest data centre investment in Singapore to date.
DBS, OCBC, UOB: In 12 to 18 months' time, banks in Singapore will be expected to disclose policies framing their risk assessment of environmental, social and governance factors for lending, under new guidelines set by the Association of Banks in Singapore.