Stocks to watch: Singtel, ValueMax
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Michelle Zhu
THE following companies saw new developments that may affect trading of their securities on Friday (Nov 17):
Singtel : The telecommunications operator on Thursday clarified that the Nov 8 Optus network outage in Australia was not caused by the upgrade of Singtel Internet Exchange, STiX. It was addressing recent media reports indicating that “changes to routing information” from STiX, following a routine upgrade, led to Optus’ 14-hour-long network meltdown last week. Shares of Singtel ended flat at S$2.38, after its clarification was issued.
ValueMax Group : A company set up to own shares in ValueMax, Well Chip, has applied to list on the main market of Bursa Malaysia. This takes ValueMax a step closer towards listing its Malaysian associated companies on the domestic bourse, said the group on Thursday. Shares of ValueMax ended flat at S$0.305, before news of the potential listing.
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