Stocks to watch: Centurion, Creative Tech, Oiltek

THE following companies saw new developments that may affect trading of their securities on Thursday (Oct 12):

Centurion : The dormitory operator on Wednesday said it will retrofit its five purpose-built dorms so that they meet the requirements under the Ministry of Manpower’s Dormitory Transition Scheme. Centurion was also given the provisional go-ahead to partially redevelop two of its purpose-built dorms, Westlite Toh Guan and Westlite Mandai. The works are estimated to cost S$250 million. Shares of Centurion ended S$0.005 or 1.3 per cent higher at S$0.40, before the announcement.

Creative Technology : The mainboard-listed technology company has given notice that it has recorded pre-tax losses for three consecutive years. It, however, meets the financial entry criteria to avoid being placed on the Singapore Exchange’s watch list, as its six-month average daily market capitalisation as at Wednesday was S$110.3 million. The counter ended Wednesday S$0.01 or 0.6 per cent higher at S$1.61, before the news.