Stocks to watch: Cordlife, DFI Retail Group, SingLand, Tuan Sing, Vibrant Group
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[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Dec 4):
Cordlife : The cord-blood bank is facing claims of at least S$5.45 million in damages from clients who stored 109 cord-blood units with the company. The board warned that an order to pay the claims would hurt the group’s financials for the year ending Dec 31. Shares of Cordlife ended S$0.003 or 2 per cent lower at S$0.146 on Wednesday, after the announcement.
DFI Retail Group : The supermarket and retail store operator unveiled a three-year strategic road map targeting double-digit profit growth and a higher dividend payout, as it moves to leverage its scale and digital capabilities. The counter closed US$0.17 or 4.9 per cent higher at US$3.67 on Wednesday, before the announcement.
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