Stocks to watch: Singtel, SIA, China Everbright Water, Lippo Malls Indonesia Retail Trust

THE following companies saw new developments that may affect trading of their securities on Thursday (Mar 14): 

Singtel : Amid reports that it was intending to sell Optus for A$16 billion (S$14.1 billion), the telco on Wednesday clarified that there was no “impending deal” to offload Optus, contrary to what was reported by the Australian Financial Review. Shares of Singtel closed 3.8 per cent or S$0.09 up at S$2.48, before it called for a trading halt on the same day at 3.35 pm. The counter resumes trading on Thursday.

Singapore Airlines (SIA) : The national carrier and Garuda Indonesia have jointly submitted an application on their proposed cooperation, said the Competition and Consumer Commission of Singapore on Wednesday. Under the proposed alliance, the companies intend to split profits equally from their services between Singapore and Indonesia as they jointly plan and manage capacity, pricing, as well as inter-airline financial settlements. Shares of SIA closed S$0.03 or 0.5 per cent higher at S$6.39, before the announcement.