Stocks to watch: Seatrium, YZJ Shipbuilding, Boustead, OUE Reit, ARA H-Trust, Ley Choon

THE following companies saw new developments that may affect trading of their securities on Tuesday (May 28):

Seatrium : The offshore and marine group has achieved a current net order book of S$25.8 billion, which comprises 31 projects with deliveries until 2030, excluding repair and upgrade projects. For the year-to-date period, Seatrium obtained more than S$11.4 billion in order wins, it said in a business update on Tuesday. Shares of Seatrium jumped 11.7 per cent or S$0.18 to close at S$1.72 on Monday.

Yangzijiang Shipbuilding (YZJ Shipbuilding): The maritime vessel maker’s order book stood at a record value of US$16.1 billion as at May 24, it said on Monday. It has 193 vessels in its backlog to be delivered by 2028, with a total compensated gross tonnage of 7.45 million. Shares of the company climbed 1.6 per cent or S$0.03 to close at S$1.93, before the update. 

Boustead Singapore : The mainboard-listed engineering and technology group posted a 64 per cent increase in its second-half net profit to S$37.3 million, from S$22.7 million in the previous corresponding period. On Monday, the counter ended 2.1 per cent or S$0.02 higher at S$0.995, before the announcement.

OUE Real Estate Investment Trust (OUE Reit): It completed an interest rate swap with a set of voluntary carbon credits, its manager said on Monday. The S$75 million structured derivatives transaction, completed through a transaction with OCBC, will help the Reit hedge against interest rate risk. Units of OUE Reit closed 3.8 per cent or S$0.01 higher at S$0.275, before the announcement.

ARA US Hospitality Trust (ARA H-Trust): An entity wholly owned by property tycoon Gordon Tang and his wife Celine will fully acquire the stapled group’s managers. The entity, Acrophyte Asset Management, will acquire all 1.5 million shares in the capital of the manager and all 50,000 shares in the trustee-manager. When the deal is completed, Acrophyte Asset Management will become ARA H-Trust’s new sponsor. Stapled securities of ARA H-Trust closed 1.8 per cent or US$0.005 lower at US$0.28 on Monday, before the announcement.

Ley Choon : The road works construction company posted a net profit from continuing operations of S$5.5 million for the second half ended Mar 31, 2024, it said on Monday. This represents an 18.4 per cent year-on-year increase from S$4.7 million. Shares of Catalist-listed Ley Choon rose 1.7 per cent or S$0.001 to S$0.06, before the announcement.