Stocks to watch: ST Engineering, UOI, Suntec Reit, OUE Reit, mm2 Asia

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Oct 24):

ST Engineering : The defence and engineering group announced on Thursday that it secured S$4.9 billion in new contracts in the third quarter of 2025. The sum comprises S$1.4 billion from the commercial aerospace segment, S$2.4 billion from the defence and public security arm, and S$1.1 billion from the urban solutions and satcom segment. For the nine months ended Sep 30, ST Engineering’s total contract wins amounted to S$14 billion. Shares in ST Engineering ended 0.5 per cent or S$0.04 higher at S$8.48, before the announcement.

United Overseas Insurance (UOI) : The general insurance arm of UOB reported a 34.9 per cent increase in total comprehensive income to S$40.6 million for the nine months ended Sep 30, from S$30.1 million in the year-ago period. Insurance revenue for the period rose 7.9 per cent to S$85.7 million, compared with S$79.4 million previously. Non-underwriting income climbed 33 per cent to S$13.7 million, from S$10.3 million in the same period last year. Shares of UOI closed 1 per cent or S$0.08 higher at S$7.78 before the news.