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Stocks to watch: Singtel, Keppel O&M, Great Eastern, Jiutian Chemical, Centurion

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Yong Hui Ting

Yong Hui Ting

Published Tue, Aug 2, 2022 · 08:20 AM
    • The insurance arm of OCBC posted a net profit of S$282.9 million for Q2, 22 per cent higher than the S$232.3 million recorded in the year-ago period. This was mainly due to higher profit from the insurance business, which grew 19 per cent.
    • The insurance arm of OCBC posted a net profit of S$282.9 million for Q2, 22 per cent higher than the S$232.3 million recorded in the year-ago period. This was mainly due to higher profit from the insurance business, which grew 19 per cent. PHOTO: BT FILE

    THE following companies saw new developments that may affect trading of their securities on Tuesday (Aug 2):

    Singtel : Bharti Airtel, a joint-venture company of Singtel, has secured 5G spectrum in India for a sum of 430.8 billion rupees (S$7.5 billion) and duration of 20 years, it said in a Monday press release. With this, Airtel said it will not need to spend any material sum on the spectrum for many years to come. Singtel closed at S$2.64 on Monday, up S$0.03 or 1.2 per cent.

    Keppel Offshore & Marine (O&M) : Keppel O&M, through its wholly-owned subsidiaries, Keppel AmFELS, Inc and Keppel Shipyard Ltd, announced on Monday that they have been awarded contracts worth around S$75 million for the refurbishment and completion of 2 floating production units. Shares of Keppel Corporation closed at S$6.96 on Monday (Aug 1), up S$0.08 or 1.16 per cent, before the announcement.

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