Stocks to watch: Seatrium, OCBC, Dyna-Mac
Add BT as a preferred source
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.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
US-China rivalry and the Kindleberger Trap: Why inaction – not escalation – is the biggest risk
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
Malaysia’s 8th richest man Jeffrey Cheah wants Sunway business to last 10 generations
