Stocks to watch: Index under-performers, Tiger, Linc Energy, UOL, Keong Hong

FUNDS close their books on Friday. Thursday's relatively quiet session could well be followed by a large push on Friday; if this does occur, it would likely be on non-performing or under-performing index counters, possibly Thai Beverage, Genting Singapore, Keppel Corp and others which have lagged far behind the outperformers that are the banks and Jardine Group.

In addition, the following stocks had announcements that could affect trading activity on Friday.

Tiger Airways: Its shareholders overwhelmingly voted in favour of both the divestment of its 40 per cent stake in loss-making Tigerair Australia, as well as a proposed rights issue that could raise up to S$234 million.

Tiger is selling off its loss-making Australian arm to Virgin Australia for A$1 (S$1.11), resulting in a loss of S$59.8 million from the sale. The group has also divested its stake in Tigerair Philippines, while in Indonesia, Tigerair Mandala has ceased operations. This leaves it with just Tigerair Singapore and a 10 per cent stake in Tigerair Taiwan.

Linc Energy: It has found evidence of oil in the Arckaringa Basin in southern Australia with its first exploration well.

Keong Hong Holdings: It reported a 10.1 per cent drop in full-year net profit to S$19.7 million, from S$21.9 million for the same period last year. This was despite the group announcing an 86.1 per cent increase in revenue to S$272.9 million for the financial year ended Sept 30, 2014 (FY2014).

Growth was largely due to a higher percentage of revenue recognised from the group's ongoing projects as well as new projects as they reached their active stage of construction.

UOL Group: The company will officially open its newest mall OneKM this Sunday (Nov 30). According to UOL, this is the largest shopping mall in the up-and-coming decentralised commercial hub in Paya Lebar. The addition of OneKM to the group's portfolio provides another avenue of recurring income and will raise its retail portfolio by 50 per cent in terms of net lettable area.