Stocks to watch: SIA Engineering, CapitaLand Investment, Sembmarine, Alpina
Michelle Zhu
THE following companies saw new developments that may affect trading of their securities on Monday (Apr 3):
SIA Engineering (SIAEC): The group has signed a S$120.8 million agreement with budget carrier Scoot to provide maintenance, repair and overhaul and fleet management support services. Shares of SIAEC ended Friday at S$2.25, down S$0.03 or 1.3 per cent, before the news.
CapitaLand Investment (CLI): The real estate investment manager on Monday said it agreed to acquire six multifamily assets in Central Osaka, Japan, for S$141.4 million for its regional core-plus fund. CLI shares closed S$0.03 or 0.8 per cent higher at S$3.68 on Friday.
Sembcorp Marine (Sembmarine): The rig builder on Monday continued to post notice of three consecutive years of losses. However, it avoids being placed on the Singapore Exchange’s watch list, as its six-month average daily market capitalisation as at Mar 31 was S$4.77 billion, meeting the required financial criteria. Shares of Sembmarine closed S$0.004 or 3.5 per cent higher at S$0.119 on Friday.
Alpina Holdings : A joint venture of its wholly-owned subsidiary has won a contract to design, install, construct, test and commission solar photovoltaic systems for an HDB project. The Catalist-listed group on Monday said the contract has a provisional value of S$117 million. Shares in Alpina Holdings ended Friday unchanged at S$0.18.
