Stocks to watch: Seatrium, SingPost, Sasseur Reit, CSE Global, United Hampshire US Reit
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THE following companies saw new developments that may affect trading of their securities on Thursday (Feb 20).
Seatrium : It announced on Thursday that its offshore jack-up designer, Seatrium Offshore Technology, won an international tender from shipyard International Maritime Industries for the supply of equipment and licence of a drilling unit. The company said this marks the start of new-build construction for the shipyard since its opening. Shares of Seatrium closed Wednesday 0.4 per cent or S$0.01 lower at S$2.55.
Singapore Post (SingPost) : The national postal service provider on Thursday reported a group operating profit of S$21.1 million for the third quarter ended December, down 23.8 per cent from S$27.7 million in the previous corresponding period. Group revenue rose 12.1 per cent on the year to S$510.6 million, driven by higher contributions from its Australia business and property leasing. Shares of SingPost ended Wednesday 0.9 per cent or S$0.005 lower at S$0.56.
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