Stocks to watch: Sheng Siong, China Everbright, Creative Technology

THE following companies saw new developments that may affect trading of their securities on Friday (Jan 6):

Sheng Siong : The supermarket operator will open its fifth outlet in China, bringing its total number of stores – including those in Singapore – to 72. The new store is expected to be operational before the end of Q2 2023, said the group on Thursday. The counter closed down S$0.02 or 1.2 per cent to S$1.62, before the news.

China Everbright Water : The environmental services company has secured its first municipal-level sludge disposal project, which is expected to command an investment of some 186 million yuan (S$36.3 million). The counter ended unchanged at S$0.255 at the market close on Thursday, after the announcement was made.