Stocks to watch: Singtel, SIA Engineering, UMS, Samudera Shipping, Lum Chang Creations

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Jun 8):

Singtel : The telco announced on Friday that it will partner Digital Industry Singapore (DISG) to strengthen its capabilities in artificial intelligence-enabled operations. The initiative also covers talent development and employment, as well as governance and technology frameworks. Singtel is the first company to be funded through this new multi-year AI initiative by DISG. Shares of Singtel ended at S$4.29 on Friday, 0.7 per cent or S$0.03 lower, before the news.

SIA Engineering (SIAEC) : The company announced on Saturday that it partnered French aerospace giant Safran Aircraft Engines in a US$118 million joint venture (JV) to set up a full-fledged aircraft engine shop in Singapore. This will provide maintenance, repair and overhaul services for CFM Leading Edge Aviation Propulsion engines. Shares of SIA Engineering ended flat at S$3.18 on Friday.