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Stocks to watch: Ezra, Huationg, Croesus, commodity stocks


THE following stocks could see movements on Tuesday due to individual announcements:

Ezra Holdings disclosed on Monday evening that DNB Bank ASA, Norway's biggest bank, has bought a 7.04 per cent stake in it for S$24.84 million. The company requested for a trading halt at 8.07am.

Catalist-listed civil engineering firm Huationg Global said on Tuesday morning that it has secured new civil engineering contracts worth S$81.3 million through wholly-owned subsidiary Huationg Contractor.

Croesus Retail Asset Management, the trustee manager of Croesus Retail Trust, said late on Monday night that it will buy Torius Property, a suburban retail mall in Fukuoka, Japan, comprising 36 buildings, for about eight billion yen (S$95.2 million). It will fund the acquisition with a mix of debt and equity.

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Global markets were roiled on Monday with commodity giant Glencore falling 29 per cent in London. Asian index futures signal more declines for Asian stocks on Tuesday.