Stocks to watch: Seatrium, Yangzijiang Financial, Best World, Stamford Land, GP Industries

THE following companies saw new developments that may affect trading of their securities on Monday (May 27):

Seatrium : The offshore and marine specialist has obtained S$11 billion worth of contracts to build two new floating production storage and offloading vessels (FPSOs) for Brazil’s national oil company, Petrobras, it said on Saturday. The FPSOs will be deployed in the Atapu and Sepia fields in the Santos Basin, offshore of the Brazilian city Rio de Janeiro. Shares of Seatrium fell 2.5 per cent or S$0.04 to close at S$1.54 on Friday.

Yangzijiang Financial : Yangzijiang Financial on Sunday said its entry into the maritime sector will not create a conflict of interest with its sister company, Yangzijiang Shipbuilding. Yangzijiang Financial also said it has “no intention to compete in the shipbuilding segment”. Shares of Yangzijiang Financial closed 1.5 per cent or S$0.005 lower at S$0.32 on Friday.