Stocks to watch: YZJ Shipbuilding, Keppel, KIT, Lendlease Reit, OUE Lippo Healthcare, F&N
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Michelle Zhu
THE following companies saw new developments that may affect trading of their securities on Monday (Aug 8):
Yangzijiang Shipbuilding (Holdings) : On Sunday, it posted a 32 per cent increase in net profit from continuing operations to nearly 1.2 billion yuan (S$244.7 million) for the first half ended June, from the year-ago figure of 884.6 million yuan. Earnings per share on a continuing operations basis climbed to 29.76 RMB cents for H1 2022 from 22.98 RMB cents in H1 2021. The counter closed last Friday 0.54 per cent higher at 92.5 Singapore cents.
Keppel Corporation : Its subsidiary Keppel FELS has terminated its contracts with TS Offshore and Crystal Heights Holdings, which amount to over US$585 million in value. Keppel Corp said this was because of the “failure” of their respective clients to pay the outstanding amounts due and payable under each of the relevant contracts. Shares of the group closed S$7.05 on Friday, up S$0.02 or 0.8 per cent.
