Stocks to watch: Sembmarine, iX Biopharma, MLT, Sim Leisure, Sats, Credit Bureau Asia

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

Sembcorp Marine S51 : The offshore and marine player on Monday said it estimates losses for the six months ended June 30, 2021, to "likely be in the region of" the full-year losses incurred for FY2020. This comes as the group expects to incur additional costs arising from delays in project execution as a result of the pandemic. Shares of mainboard-listed Sembmarine closed 0.8 per cent or 0.1 Singapore cent higher at 12.3 cents on Friday.

iX Biopharma 42C : The speciality pharmaceutical company is looking to spin off and list its pharmaceutical and medicinal cannabis business on the mainboard of the Stock Exchange of Hong Kong (HKEX), the company announced in a bourse filing on Monday. The company cited differing regulations, developmental pathways and sales channels experienced by the spin-off as well as giving the spin-off access to capital markets as reasons for the move. Shares of iX Biopharma closed flat at 23.5 Singapore cents on Friday.

Mapletree Logistics Trust M44U : The trust has been granted an option to buy a property in Changi for S$24.5 million from RSH Holdings, with the purchase expected to be accretive to its distribution, its manager said on Friday. Units in Mapletree Logistic Trust closed at S$2.10 on Friday, up S$0.05 or 2.4 per cent, before the announcement.

Sim Leisure Group URR : The Catalist-listed company's unit Sim Leisure Cameron said on Friday it has inked an agreement for the project management of the construction as well as the operation and maintenance of an environmentally sustainable theme park in Cameron Highlands, Malaysia. The counter ended unchanged at 19.9 Singapore cents on Friday, before the announcement.

Sats S58 : The inflight caterer and ground-handler said on Friday it has completed the S$21 million acquisition of an 85 per cent stake in Food City Company, making the Thai food facility its indirect majority-owned subsidiary. Shares of Sats closed at S$3.99 on Friday, up S$0.01 or 0.3 per cent, before the announcement.

Credit Bureau Asia TCU : The credit and risk-information provider said on Friday its subsidiary Dun & Bradstreet Singapore has teamed up with financial counselling charity organisation Credit Counselling Singapore to offer debt and credit advice to sole proprietors, partnership businesses and small and medium enterprises. Shares of Credit Bureau Asia closed on Friday at S$1.29, up S$0.01 or 0.8 per cent, after the announcement.

Shinvest Holding BJW : The precision manufacturer announced on Friday that it has further disposed of 198,767 shares of China-based fabless semiconductor firm Espressif Systems, generating net cash proceeds of 50.2 million yuan (S$10.5 million). Shares of Shinvest last closed flat at S$3.25 on Friday.

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