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Stocks to watch: Sembcorp Marine, Frasers Centrepoint, Noble, KLW

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THE following companies had announcements or developments that may influence trading on Friday:

Sembcorp Marine: Sembcorp Marine, which fully owns Jurong Shipyard, said that the standstill agreement between Jurong Shipyard and North Atlantic Drilling Ltd for the delivery of the West Rigel drilling rig has been extended to Jan 6, 2018. Sembcorp Marine's counter was down 0.5 Singapore cent, or 0.3 per cent, to end on Thursday at S$1.685.


Frasers Centrepoint: A unit of Frasers Centrepoint has agreed to acquire a 76.5 per cent stake, worth 20.5 million euros (S$32.1 million), in a German company that has freehold interest in an automotive logistics facility in Germany. It said on Friday that Geneba Properties NV has, through its wholly owned subsidiary Geneba RE19 BV, entered into a conditional agreement to acquire the stake in Harder, Gutperle, Harder & Gutperle GmbH GbR.


Noble Group: Shares in Noble Group surged nearly 40 per cent on Thursday, but the embattled commodity trader said that it was not aware of any reason that might explain the unusual trading activity. The inexplicable surge caused market observers to speculate that big players might be acquiring shares.

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KLW Holdings: The Catalist-listed investment holding firm said on Thursday that its independent auditor has included a qualified opinion and an emphasis of matters over the audited financial statements of the group for the financial year ended March 31, 2017.

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