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Stocks to watch: Singapore firms with British exposure, GLP, Boustead

Friday, June 9, 2017 - 08:28

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SINGAPORE companies with British exposure: These include transport giant ComfortDelGro, City Developments, Ho Bee Land, Ascott Residence Trust, Frasers Hospitality Trust and Sembcorp Industries.

The British pound has shed 1.4 per cent to S$1.7643 as at 8am on Friday since the first results of the British elections hinted at the possibility of a hung Parliament or slim Tory majority.

Global Logistics Properties (GLP): The mainboard-listed company's special committee has invited shortlisted bidders to submit their firm proposals by June 30 for "final evaluation", after having conducted due diligence on the company.

The proposals are in relation to the logistics group's independent strategic review to look at options available to boost shareholder value.

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Boustead Projects: The real estate solutions provider has, through its wholly owned subsidiary Boustead Projects E&C, secured a design-and-build contract from Veolia ES Singapore Industrial for a hazardous chemical waste treatment facility.

The plant in Tuas will be the group's first undertaking for hazardous chemical waste treatment facility and second in the waste management industry.

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