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Stocks to watch: DBS, ST Engineering, Yangzijiang Shipbuilding, Keppel

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Bryan Kow

Published Thu, Mar 30, 2023 · 08:57 AM
    • DBS' digital services have encountered a day-long disruption on Wednesday.
    • DBS' digital services have encountered a day-long disruption on Wednesday. PHOTO: BT FILE

    THE following companies saw new developments that may affect trading of their securities on Thursday (Mar 30):

    DBS : After the bank’s digital services were disrupted on Wednesday, the Monetary Authority of Singapore said the incident was “unacceptable” and it would take “commensurate supervisory actions” against the bank. DBS shares closed 0.1 per cent or S$0.03 lower at S$33.59 on Wednesday, prior to the response from MAS.

    ST Engineering : GlobalData estimated ST Engineering’s new contract for the Singapore Navy will bring in US$1.2 billion in revenue for the company. The data analytics and consulting company on Wednesday projected a value of US$200 million for each of the six vessels. Shares of ST Engineering closed at S$3.65 on Wednesday, up 0.8 per cent or S$0.03, after the report was released. 

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    JC&C has entered into a conditional share and asset purchase agreement to sell its Cycle & Carriage automotive distribution and retail operations in Singapore and Malaysia.

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