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Stocks to watch: Sembcorp Marine, Mary Chia, TTJ Holdings
THE following stocks may be in focus on Wednesday:
SEMBCORP Marine on Wednesday said the standstill agreement between its unit Jurong Shipyard Pte Ltd (JSPL) and North Atlantic Drilling Ltd (NADL) for the delivery of the semi-submersible drilling rig, the West Rigel, has been extended to Sept 2, 2016. The agreement was due this month.
MARY Chia Holdings, which operates a chain of slimming centres, on Wednesday said a further charge was brought against its Spa Menu Pte Ltd for failure to obtain a valid work pass for a foreign employee.
BOOSTED by higher revenue and fatter profit margins, structural steel specialist TTJ Holdings reported a net profit of S$13.41 million for the third quarter ended April 30, 2016, up from S$1.6 million in the corresponding quarter a year ago.