Stocks to watch: Vibrant, Chip Eng Seng
Add BT as a preferred source
Renald Yeo
THE following companies saw new developments that may affect trading of their securities on Wednesday (Dec 14):
Vibrant Group : The logistics player posted a 20.4 per cent rise in net profit to S$3.5 million for the first half of its financial year, which ended on Oct 31. Its revenue rose 2 per cent to S$95.5 million for the period, largely due to contributions from international freight forwarding. Vibrant closed flat at S$0.087 on Tuesday prior to the announcement.
Chip Eng Seng : The property company will acquire the 30 per cent stake it does not already own in a Maldives joint-venture (JV) company for US$1.3 million, it announced in a Tuesday bourse filing. The JV company owns 99 per cent of an entity that holds the leasehold interest in a lagoon located in North Male Atoll in the Maldives, which Chip Eng Seng plans to develop into a five-star resort. The counter closed flat at S$0.75 on Tuesday prior to the announcement.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Dim sum chain Tim Ho Wan ramps up North America, Hong Kong expansion after Jollibee acquisition
GameStop CEO says eBay shut his account after buyout funding stunt
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
