Stocks to watch: ST Engineering, ComfortDelGro, Nio, Fu Yu Corp

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Sep 2): ST Engineering and ComfortDelGro : Transportation company ComfortDelGro (CDG) became the sole owner of taxi operator CityCab on Monday, after acquiring all of ST Engineering Land Systems’ shares for a total purchase consideration of S$116.3 million. CityCab was a joint venture, with CDG having a 53.5 per cent stake and ST Engineering’s subsidiary owning the remainder. Shares of CDG closed at S$1.47, up S$0.02 or 1.4 per cent, while those of ST Engineering ended at S$7.61, down S$0.07 or 0.9 per cent, before the announcement.

Nio : The electric vehicle maker delivered 31,305 vehicles in August 2025, a 55.2 per cent year-on-year increase. This brought its cumulative deliveries to 838,036 as at end August, it said in a bourse filing on Monday. The counter closed 2.9 per cent or US$0.19 higher at US$6.74, before the announcement.

Fu Yu Corp : A pre-paid commission of nearly US$3 million due to KWW Consultancy for trades it executed for Fu Yu Supply Chain Solutions (FYSCS) was made to an entity independent of either company. In a Monday update on an ongoing probe into FYSCS’ activities, parent company Fu Yu Corp said that investigations could not conclusively determine the rationale for this, but confirmed that the trades underlying the payment were executed. The counter ended Monday 1 per cent or S$0.001 higher at S$0.103.