Stocks to watch: Seatrium, Sembcorp, F&N
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THE following companies saw new developments that may affect the trading of their securities on Tuesday (Dec 24):
Seatrium : The offshore and marine specialist was awarded a contract by BP Exploration and Production for a deepwater new-build floating production unit (FPU) in the US Gulf of Mexico. On Tuesday, Seatrium said its Goliath twin cranes will be used to integrate and lift the FPU’s topsides to the hull. The counter ended Monday S$0.02 or 1.1 per cent higher at S$1.93.
Sembcorp Industries : The energy and urban development company on Monday joined the Dow Jones Sustainability Index as the sole new entrant from Singapore. This came as part of S&P Dow Jones Indices’ annual review of its Dow Jones Sustainability Indices which are grouped by themes, including Asia-Pacific and emerging markets. Shares of Sembcorp closed S$0.01 or 0.2 per cent higher at S$5.35, before the news.
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