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Stocks to watch: Noble, UOB, CDL, Oxley
THE following stocks had announcements or developments that could affect their trading activity on Thursday.
Noble Group: Its chief aluminium trader in Europe, Erik Gundersen, will leave the Asian commodities merchant, according to a Reuters report which cited sources. News of his planned exit comes after two of his US counterparts, Scott Evans and Jeff Romanek, who handled copper, lead and zinc, left the company on Tuesday.
UOB: The bank has gained pace in the cash management business, with a record 42 per cent jump in revenue for the first half of this year from a year ago.
CDL Hospitality Trusts: It has officially opened Claymore Connect - formerly known as Orchard Hotel Shopping Arcade - following a renovation exercise, which started in December 2013.
Oxley Holdings: The real estate developer has clarified that the reported acquisitions in International Healthway Corp (IHC) by its chief executive Ching Chiat Kwong and deputy CEO Low See Ching are "personal and independent investment decisions". It added that the purchases do not have "any connection or impact whatsoever" with the ongoing business activities of Oxley.