Stocks to watch: ST Engineering, Olam, Yangzijiang Financial, Stoneweg Europe Stapled Trust

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Sep 5): 

ST Engineering : Over the next five years, the company will invest S$250 million into a programme to drive physical artificial intelligence (AI) applications such as robotics. The programme aims to improve physical AI, which is capable of interacting with and understanding physical space through sensors to tackle complex operational challenges. Under the programme, ST Engineering will equip its workforce with the necessary AI skills, it said at the InnoTech Conference on Thursday. Shares of ST Engineering closed on Thursday at S$7.95, up S$0.07 or 0.9 per cent.

Olam Group , Yangzijiang Financial : Following the Straits Times Index’s (STI) latest quarterly review, food and agricultural giant Olam Group and investment management company Yangzijiang Financial will be added to the STI reserve list. They replace hospitality player CapitaLand Ascott Trust and transport operator ComfortDelGro. Olam shares fell S$0.01, or 1 per cent, to close at S$1 on Thursday. The shares of Yangzijiang Financial closed at S$1.05, down S$0.02 or 1.9 per cent.