Stocks to watch: Keppel Corp, Nio, Genting Singapore, F&N, Sasseur Reit

THE following companies saw new developments that may affect trading of their securities on Friday (Nov 11):

Keppel Corporation : Its offshore and marine (O&M) unit has signed bareboat charter contracts for two jackup rigs to be deployed in Saudi Arabia, bringing the total number of rigs Keppel O&M has on charter with ADES Saudi to four. The charters are expected to commence in H1 of 2023 and projected to generate revenue of about S$155 million for Keppel O&M, said the group on Friday. Keppel Corp closed Thursday S$0.02 or 0.3 per cent higher at S$7.10.

Nio : The Chinese electric vehicle maker announced a net loss of 4.1 billion yuan (S$801.4 million) for its third quarter ended Sep 30, up 44.9 per cent from a year ago. The wider losses were posted despite stronger total revenue, which rose to 13 billion yuan from 9.8 billion yuan in Q3 2021. Singapore-listed shares of Nio closed at US$9.19 on Thursday before the earnings release, down US$1.14 or 11 per cent.