Stocks to watch: Singtel, Sembcorp, Yangzijiang Shipbuilding

THE following companies saw new developments that may affect trading of their securities on Tuesday (Jun 27):

Singtel : The telco’s chairman Lee Theng Kiat has requested to receive S$960,000 in chairman’s fees in FY2023, instead of the all-in fee of S$1.15 million, the group noted on Tuesday. Separately, Singtel said in its sustainability report that it will bring forward its net-zero goal to 2045 from 2050. Singtel closed down 0.8 per cent or S$0.02 at S$2.48 on Monday. 

Sembcorp Industries : The energy solution provider said on Monday that its indirect wholly-owned Indian subsidiary, Green Infra Wind Energy, is in arbitration with its vendor, Siemens Gamesa Renewable Power, over issues and disputes from a composite supply contract and land and site development contract. Sembcorp shares closed 0.2 per cent or S$0.01 lower at S$5.40, before the news.