Stocks to watch: SIA, Ever Glory, Oiltek, ST Engineering

THE following companies saw new developments that may affect trading of their securities on Thursday (May 18): 

Singapore Airlines (SIA): The national carrier announced bonuses of up to eight months for eligible staff on Wednesday. In a separate media and analyst briefing, the airline also said it expects robust demand for the near term and peak travel season at the end of this year. This news comes on the back of record earnings results it reported on Tuesday. Shares of SIA closed on Wednesday 1.5 per cent or S$0.09 higher at S$6.01.

Ever Glory United : The mechanical and electrical engineering service provider will begin trading on the Catalist board of the Singapore Exchange on a “ready” basis on Thursday. This comes after the company raised about S$3.1 million from the full subscription of 14 million placement shares, through its initial public offering which closed on Tuesday.