Stocks to watch: Seatrium, Thai Beverage, OCBC, First Resources, StarHub, AEM, Bumitama Agri

THE following companies saw new developments that may affect trading of their securities on Friday (May 12):  Seatrium : The group on Friday announced a net order book of S$20 billion for the year to date following the confirmation of multiple projects. The completion of the projects is likely to bolster the group’s financial performance, said Seatrium in its first quarter business update. Shares of Seatrium closed down 3.1 per cent or S$0.004 at S$0.126 on Thursday.

Thai Beverage (ThaiBev): The beverage giant posted a 3.4 per cent rise in net profit to 7.4 billion baht (S$289.6 million) for the second quarter ended Mar 31, 2023, as domestic consumption for alcoholic and non-alcoholic beverages made a gradual recovery in the first half of 2023. Shares of ThaiBev closed S$0.015 or 2.4 per cent lower at S$0.60, before the results were announced.

OCBC : The bank on Thursday announced that it has priced A$1 billion (S$894.8 million) of senior floating-rate green notes due 2026 under its US$30 billion global medium-term note programme. They are expected to be rated “Aa1” by Moody’s, “AA-” by S&P Global Ratings, and “AA-” by Fitch Ratings. OCBC’s shares ended trading down by S$0.02 or 0.2 per cent at S$12.30, before the announcement.