Stocks to watch: ST Engineering, Sembcorp Marine, Wing Tai

THE following companies saw new developments that may affect trading of their securities on Thursday (Sep1): 

ST Engineering: The mainboard-listed tech group announced on Thursday (Sept 1) that it has clinched a S$1.4 billion contract to provide turnkey rail services for the new Kaohsiung MRT Yellow Line, through its subsidiary Urban Solutions. Shares of ST Engg closed down 1.6 per cent or S$0.06 at S$3.73 on Wednesday.

Sembcorp Marine : The company recently uncovered a cybersecurity incident in which an unauthorised party accessed part of its IT network via third-party software products, the company said in a filing to the Singapore Exchange late on Wednesday. Sembcorp Marine added that the incident and relative risks have been addressed, going by the investigations and impact assessment undertaken. The counter closed at 11.7 Singapore cents on Wednesday, down 0.1 cent or 0.85 per cent.