Stocks to watch: Genting Singapore, SingPost, SIA, Metro, Boustead Projects

THE following companies saw new developments that may affect trading of their securities on Monday (Jul 18):

Genting Singapore : The group on Sunday said it is not aware of nor involved in any ongoing discussions on a potential transaction involving the company. This comes after a Bloomberg report that US rival MGM Resorts International had recently approached the company’s controlling shareholder to express its interest in a deal. Shares of Genting Singapore were up S$0.055 or 7.3 per cent at S$0.805 as at the midday break on Friday before the group called for a trading halt. They will resume trading on Monday.

Singapore Post (SingPost): The group on Friday said it will deliver an operating loss for its post and parcel business for the first quarter to June, due to a significant increase in costs as well as a lower delivery volume from a major e-commerce customer. While it said the logistics and property units were doing well, the group flagged pressure faced by its international postal business. SingPost shares closed flat at S$0.645 on Friday before this was announced in its operational update.