Stocks to watch: SIA, Samudera, Top Glove, Amara
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Daphne Yow
THE following companies saw new developments that may affect trading of their securities on Monday (Jun 19).
Singapore Airlines (SIA): Responding to queries from Reuters on Friday, SIA refuted claims that it might raise its stake in Air India from 25.1 per cent to about 40 per cent to create a larger full-service India national carrier. The index counter closed 1.8 per cent down or S$0.14 at S$7.77 on Friday, ending its 12-day winning streak.
Samudera Shipping Line : The company has agreed to purchase two container vessels with a capacity of 1,500 twenty-foot equivalent units each for a total of US$59.9 million. The purchase is not expected to have any material impact on the net tangible assets and earnings per share of the group for the financial year ending Dec 31, 2023. Samudera shares closed at S$0.915 on Friday, down 2.1 per cent or S$0.02, before the news.
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