Stocks to watch: Singtel, SIA

THE following companies saw new developments that may affect trading of their securities on Friday (Jan 31):

Singtel : The telecommunications giant’s Australian subsidiary, Optus, has signed a A$1.95 billion (S$1.64 billion) committed revolving credit facility with 12 banks. The facility will be used to refinance the company’s existing credit facilities, as well as for other general corporate purposes, said Singtel on Friday (Jan 31). Shares of Singtel closed 1.9 per cent or S$0.06 higher at S$3.26 on Tuesday.

Singapore Airlines (SIA): The Competition and Consumer Commission of Singapore has granted conditional approval of the proposed joint venture between SIA and Deutsche Lufthansa. The collaboration is expected to increase passenger numbers and tourists to Singapore, lead to more competitive fares, as well as expand the virtual networks of the airlines, among other benefits. Shares of SIA closed flat at S$6.28 on Tuesday, before the news.