Stocks to watch: Keppel Corp, ST Engineering, Bukit Sembawang, Delfi, Second Chance

THE following companies saw new developments that may affect trading of their securities on Wednesday (Nov 16):

Keppel Corporation : BN4 0%: Its infrastructure unit on Wednesday announced that it is investing about 30 million euros (S$42.6 million) to take a 49.9 per cent stake in a new joint venture (JV) with Swiss-based energy company Met Group. The funds will come from Keppel Infrastructure’s sale of half of its 20 per cent interest in Met Group to the latter’s chief executive for 31.9 million euros. Shares of Keppel Corporation closed 0.3 per cent or S$0.02 lower at S$7.29 on Tuesday.

Singapore Technologies Engineering : S63 0% (ST Engineering): Its subsidiary has been awarded turnkey tolling system contracts worth a total of S$1.47 billion, to modernise tolling infrastructure in New Jersey. The contracts cover two projects that will last between 10 and 12 years. ST Engineering said the contracts are not expected to have a material impact on its net tangible assets per share and earnings per share for the current financial year ending Dec 31. Its shares closed 1.2 per cent or S$0.04 lower at S$3.42 on Tuesday, before the announcement.