Stocks to watch: Sembcorp, SIA Engineering, MLT, Keppel Reit, Suntec Reit, ESR-Logos Reit
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Michelle Zhu
THE following companies saw new developments that may affect trading of their securities on Wednesday (Jul 26):
Sembcorp Industries : The energy company has scrapped plans to sell its waste-management business and its energy-from-waste plant. On Tuesday, Sembcorp said it will continue to review its portfolio to ensure strategic fit and maximise shareholder value. The counter ended flat at S$5.65, before the news.
SIA Engineering : The aircraft maintenance provider’s net profit for the first quarter of the financial year ended Jun 30 more than doubled year on year to S$27 million, driven by a revenue surge on the back of higher demand for the maintenance, repair and overhaul of aircraft. Shares of the company rose 0.6 per cent or S$0.015 to S$2.42 on Tuesday, prior to the announcement.
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