Companies & Markets

Stocks to watch: Keppel, Sembcorp Marine, Enviro-Hub, Suntec Reit

Published Tue, Jun 8, 2021 · 08:25 AM

THE following companies saw new developments that may affect trading of their securities on Tuesday:

BN4: The group on Tuesday said it will recognise a loss of S$318 million in respect of its exposures to KrisEnergy in its H1 2021 financial results, following KrisEnergy's June 4 announcement of its winding-up petition. Shares of Keppel closed at S$5.35 on Monday, up S$0.03 or 0.6 per cent.

S51: The marine and offshore engineering group has begun exploring alternative sources of skilled labour, as it continues to face a shortage with the increased restrictions implemented in Phase 2 (Heightened Alert), it said in an update on Tuesday. This is likely to incur increased manpower costs for ongoing projects and that it would coordinate with customers to reschedule project completions, the group added.

It on Monday night said its wholly-owned unit, Jurong Shipyard, has revised the delivery dates of two ultra-deepwater drill ships it had been contracted to build. Shares of Sembcorp Marine closed flat at S$0.20 on Monday, before the announcement.

L23: Its associate company, Pastel Gloves, has received the 510(k) regulatory clearance from the US Food and Drug Administration (FDA) for its nitrile medical-grade examination gloves, it said in an update on Monday night. Enviro-Hub can now sell them in the US, where it says the gloves typically command a higher average selling price than normal gloves due to the limited supply. The group had previously announced a proposed acquisition of the remaining 75 per cent of shares of Pastel Gloves. Shares of Enviro-Hub closed at 8.6 Singapore cents, up 0.3 cent or 3.6 per cent on Monday.

T82U: The real estate investment trust's (Reit) trustee has priced S$150 million of subordinated perpetual securities at 4.25 per cent per annum, for five years from June 15, the Reit manager said on Monday night. Units of Suntec Reit closed at S$1.49 on Monday, up S$0.02 or 1.4 per cent, before the announcement.