Stocks to watch: Sats, Hotel Properties, Manulife US Reit
Add BT as a preferred source
THE following companies saw new developments that may affect trading of their securities on Friday (Jan 10):
Sats : The company and its wholly owned subsidiary Worldwide Flight Services (WFS) have clinched 14 new cargo and ground-handling contracts from Air India in major airports around the world. The group landed these deals in a global tendering process, which also saw Air India renew 11 existing contracts with the in-flight caterer and ground handler and WFS. Shares of Sats closed 1.1 per cent or S$0.04 lower at S$3.62 on Thursday, before the news.
Hotel Properties Limited (HPL): Property tycoon Ong Beng Seng has acquired 150,000 shares in the company via an off-market transaction for S$3.58 per share, bumping his stake to 60.22 per cent. Ong, the founder and managing director of HPL, now holds a deemed interest in about 206.5 million shares of the company. The counter closed 0.3 per cent or S$0.01 lower at S$3.55 on Thursday, before the announcement.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Is it time to scrap COE categories for cars?
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?
