Stocks to watch: Seatrium, OCBC, Dyna-Mac

THE following companies saw new developments that may affect trading of their securities on Wednesday (Apr 3):

Seatrium : The offshore and marine engineering group has secured S$350 million worth of contracts to be completed by end-2025. On Wednesday, Seatrium said the contract works include upgrading and converting liquefied natural gas carriers into floating storage regasification units. Its shares ended Tuesday S$0.003 or 3.4 per cent lower at S$0.084.

OCBC : The bank is said to be exploring a redevelopment of its Chulia Street property, which sits on more than 120,000 square feet of land in Singapore’s Central Business District. On Wednesday, The Business Times reported that JLL was appointed to help identify a potential partner to carry out the redevelopment. Shares of OCBC ended Tuesday S$0.08 or 0.6 per cent higher at S$13.64.

Dyna-Mac : The offshore oil and gas contractor on Wednesday said it secured several contracts that bring its total net order book to a record S$896 million, with project deliveries stretching until 2026. Among these is a project to construct process modules, which the group said marks “the largest-ever contract win in Dyna-Mac’s history”. Shares of the group ended Tuesday up S$0.015 or 4 per cent at S$0.39.

Trading halt: Asia-Pacific Strategic Investments requested a trading halt on Wednesday morning, pending the release of an announcement. The counter ended the prior day unchanged at S$0.001.