Stocks to watch: Frasers Property, ST Engineering, Yoma Strategic
Add BT as a preferred source
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$4.32 on Tuesday, after the announcement.
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
Japan Home closing outlets; staff say Valu$ taking over operations
Timah Partners lands S$60 million facility from lenders including UOB, RHB
