Stocks to watch: SIA, MCT, Hwa Hong

THE following companies saw new developments that may affect trading of their securities on Wednesday (Jul 6):

Singapore Airlines (SIA): The mainboard-listed airline group is adding frequencies and service points to Japan, Los Angeles, Paris and India by December, raising its group capacity to 81 per cent of pre-pandemic levels, according to a Tuesday statement. SIA shares were 1 per cent or S$0.05 lower at S$5.08 on Tuesday when the market closed, before these additional flights were announced.

Mapletree Commercial Trust (MCT): Its manager announced in a bourse filing on Tuesday that it has appointed former OCBC chief executive Samuel Tsien as a non-executive director to its board. Concurrently, Tsien is a non-executive director of Mapletree Investments, the sponsor of MCT, and a member of the sponsor’s investment committee. MCT units closed down 1.6 per cent or S$0.03 at S$1.80 on Tuesday before the announcement.