Stocks to watch: Chip Eng Seng, Kimly, Marco Polo Marine, Keppel Corp, Golden Agri

THE following companies saw new developments that may affect trading of their securities on Friday (Nov 25):

Chip Eng Seng : The property player’s chairman, Celine Tang, and her husband have tabled a voluntary conditional cash offer to acquire all issued ordinary shares in the company at a price tag of S$0.72 apiece. They intend to privatise and delist Chip Eng Seng from the Singapore Exchange, should they attain more than 90 per cent of shares. Chip Eng Seng shares closed flat at S$0.725 on Thursday (Nov 24), before the announcement.

Kimly : The Catalist-listed coffeeshop operator posted a 13.4 per cent drop in net profit to S$34 million for FY2022, from S$39.3 million a year earlier, despite a revenue jump. This was mainly due to lower non-taxable government grants, said the company on Thursday. Earnings per share stood at 2.74 Singapore cents for the year ended Sep 30, down from 3.30 cents previously. A final dividend of 1.12 Singapore cents per share was proposed, with the date payable to be announced later. Shares of Kimly closed flat at S$0.35.