Stocks to watch: OCBC, Seatrium, CapitaLand Investment, Yoma

Michelle Zhu

Published Wed, Jun 5, 2024 · 08:27 AM

OCBC will be using net proceeds from its fixed rate bond issue for general corporate purposes. PHOTO: BT FILE

THE following companies saw new developments that may affect trading of their securities on Wednesday (Jun 5):

OCBC : The lender has priced 500 million euros (S$732.8 million) of fixed-rate covered bonds due 2027 under its US$10 billion global covered bond programme. The net proceeds will be used for general corporate purposes, said OCBC on Wednesday. The shares closed on Tuesday down 1.1 per cent or S$0.16 to S$14.39.

Seatrium : The offshore and marine specialist was awarded a letter of intent by BP Exploration & Production for a deepwater new-build production unit. On Wednesday, the group said it is expected to carry out certain early engineering works, pending a finalised definitive contract for engineering, procurement, construction and commissioning work on BP’s Kaskida Floating Production Unit. Shares of Seatrium ended Tuesday 0.6 per cent or S$0.01 lower at S$1.78.

CapitaLand Investment (CLI): The global real asset manager has incorporated three new Scope 3 categories which are deemed key to its operations. On Wednesday, CLI added that it also enhanced reporting in existing categories, such as tenant consumption, enabling improved initiatives with tenants and the supply chains. Its shares closed on Tuesday down 0.4 per cent or S$0.01 at S$2.66.

Yoma Strategic : The group on Wednesday clarified that it was not involved in the selling of Thai properties. It added that any property sales events related to Bangkok condominiums were not connected to Yoma Land or the group in any way. This comes after Yoma’s stock jumped over 35 per cent since the release of its results on May 29, for the six months and full-year ended March. Shares of Yoma ended Tuesday S$0.003 or 3.3 per cent down to S$0.088.

Global Invacom , Keong Hong , Green Build Technology : All three companies were added to the Singapore Exchange Regulation’s (SGX RegCo) watch list from Wednesday. Global Invacom said its board will work at meeting the criteria to exit the watch list; Green Build Technology and Keong Hong said they would continue business as usual. Shares of the trio ended flat on Tuesday: Global Invacom at S$0.048, Green Build Technology at S$0.052, and Keong Hong at S$0.114.

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