Stocks to watch: OCBC, SIA, SGX, GuocoLand, China Aviation Oil, Del Monte Pacific

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jul 8):

OCBC : The bank aims to extend an additional S$3.5 billion in loans to serial entrepreneurs in its core markets by 2028 as part of its serial entrepreneur lending programme. This brings the total loan quantum under the initiative to S$5 billion by 2028, and builds on the S$1.5 billion in financing it already extends to over 1,8000 serial entrepreneurs with more than 8,000 businesses across Singapore and Malaysia as at end-2024, OCBC said on Monday. The counter finished 0.5 per cent or S$0.09 higher at S$16.57, before the news.

Singapore Airlines (SIA) : The national carrier on Monday said its proposed joint venture with Malaysia Airlines received conditional approval from the Competition and Consumer Commission of Singapore. The commercial cooperation, which is still subject to regulatory approval from the Malaysian Aviation Commission, will see both airlines cooperate on scheduling, pricing, sales and marketing, expanded codesharing of flights, among other things, on routes between Singapore and Malaysia. SIA shares closed 0.3 per cent or S$0.02 higher at S$7.05, before the announcement.