Stocks to watch: Frasers Property, ST Engineering, Yoma Strategic

THE following companies saw new developments that may affect trading of their securities on Wednesday (Jul 10):

Frasers Property : Its subsidiary secured a dual-tranche, sustainability-linked loan aggregating about S$904 million, announced the property group on Tuesday. Proceeds will be used to refinance existing loans, and for working capital and other general corporate purposes. Shares of Frasers Property ended flat at S$0.795, after the news.

ST Engineering : The technology and engineering group’s commercial aerospace unit is providing module repair offload support for two of Safran Aircraft Engines’ engine types under a new two-year contract. It also intends to reinforce its support to Safran Aircraft Engines by providing Leap-1B engines maintenance offload services. ST Engineering closed S$0.06 or 1.4 per cent higher at S$4.32 on Tuesday, after the announcement.

Yoma Strategic : The Myanmar-focused company on Wednesday clarified that no charges have been filed against its executive chairman Serge Pun. This came after a Myanmar news agency reported that Pun had been held in junta custody for more than a month over alleged violations of banking regulations. Shares of Yoma closed 4 per cent or S$0.006 lower at S$0.144 on Tuesday.

Trading halt: Mainboard-listed Second Chance Properties requested a trading halt on Wednesday morning, pending the release of an announcement. The counter ended Tuesday unchanged at S$0.215.