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Stocks to watch: Addvalue, Alliance Mineral, Keppel Corp
THE following companies saw new developments that may affect trading of their shares on Thursday:
Addvalue Technologies: Addvalue has signed an agreement with a partner to offer its maritime product and data solutions bundle for deep-sea fishing vessels. The duo are eyeing a market size of at least 500 fishing vessels. Addvalue's CEO said the partnership is expected to generate a monthly recurring revenue of about US$200,000. Addvalue closed at S$0.044 a share on Wednesday.
Alliance Mineral Assets: Alliance is placing A$19.575 million (S$20.9 million) of shares to Burwill Commodity as auditor, Ernst & Young (Australia), flagged uncertainty about the mining company's ability to continue operations if it is unable to raise more funds. The company's shares will resume trading today. Alliance last traded at S$0.30 a share on Sept 29.
Keppel Corporation: Keppel Shipyard has secured a floating production, storage and offloading (FPSO) vessel conversion contract from SBM Offshore NV. The contract is for the conversion of a Very Large Crude Carrier (VLCC) into an FPSO. Keppel last traded at S$6.52 a share on Wednesday.