Stocks to watch: Yangzijiang Financial, SLB Development, Sabana Reit
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Daphne Yow
THE following companies saw new developments that may affect trading of their securities on Friday (Jul 21).
Yangzijiang Financial : The investment manager’s maritime private equity fund has invested in two chemical and product tanker projects for US$32.1 million. It has also agreed to co-charter for eight eco-medium-range chemical and product tankers for a period of less than a year for each vessel, it said on Thursday. Yangzijiang Financial shares closed flat at S$0.335 on Thursday, before the announcement.
SLB Development , Lian Beng: Property developer SLB Development, which is a subsidiary of Lian Beng, expects to log a loss for the second half of its fiscal year, it said in a profit guidance on Thursday. As a result, Lian Beng expects a lower profit for the full year ended May 31. Shares of SLB Development last traded at S$0.13 on Tuesday. Lian Beng, meanwhile, has been suspended from trading since Jul 10. It last traded at S$0.68 on Jul 7.
