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Stocks to watch: Sembcorp, Frasers Property, First Resources, SBS, UMS

THE following companies saw new developments that may affect trading of their securities on Monday (Nov 14):

Sembcorp Industries: The group is acquiring three solar projects in northern China for about 15 million yuan (S$3 million), with future capital injection of up to 1,148 million yuan. This will be funded through a mix of internal cash resources and external borrowings. Sembcorp Industries is also acquiring an independent power producer in India for 27.8 billion rupees (S$474 million). Sembcorp shares rose S$0.02 or 0.7 per cent to close at S$3.04 on Friday, before the acquisitions were announced.

Frasers Property: The company on Friday posted a 12.4 per cent increase in net profit for the...

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