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Stocks to watch: Noble Group, Keppel Corp
THE following counters could see increased trading on Tuesday:
Commodity trader Noble Group warned of fourth-quarter and full-year losses as it wrote down the value of some of its coal-related contracts. Net asset value fell, but was "in excess of S$0.70 a share ".
Rigbuilding and property conglomerate Keppel Corp's shares are expected to be pressured by the ongoing Brazilian corruption investigations. The company announced it had put its agency relationship with Zwi Skornicki, a local representative of Keppel, on hold. Mr Skornicki, who had been accused of making illegal payments, was arrested in Brazil on Monday.