Stocks to watch: OCBC, Prime US Reit, SGX, MC Payment, Advanced Systems

Tan Nai Lun

Published Fri, Jun 18, 2021 · 08:35 AM

The following companies saw new developments that may affect trading of their securities on Friday:

O39: The bank on Thursday said it has appointed its head of group operations and technology Lim Khiang Tong as the bank's group chief operating officer, to drive and accelerate transformation. OCBC's shares closed down 0.7 per cent or $0.08 at $12.12.

OXMU: The Reit is in talks with co-working space operator WeWork after the latter proposed to restructure its lease at the Reit's Class A office property in California. The Reit's manager on Thursday said it does not expect this to have any impact on the distribution per unit of Prime US Reit for the current financial year. Units of Prime US Reit rose 0.6 per cent or 0.5 US cent to finish at 86.5 US cents on Thursday, before the filing.

S68: The bourse operator's multi-asset strategy expects to add asset classes to its product suite, chief executive officer Loh Boon Chye said in an interview with The Business Times. SGX shares closed at S$10.88 on Thursday, down S$0.01 or 0.1 per cent.

TVV: The digital payments company on Thursday said it received a letter of intent from Indonesia-based payments and remittance company Dompet Harapan Bangsa (OY!). OY! is exploring taking a strategic stake in MC Payment. Shares of Catalist-listed MC Payment closed at S$0.33 on Thursday, down S$0.01 per cent or 2.9 per cent, before the announcement.

5TY: The semiconductor equipment manufacturer said on Thursday it is looking to consolidate every 375 of its existing ordinary shares into one ordinary share. It also proposed a bonus issue of up to 19.8 million free warrants, subject to the completion of the share consolidation. Advanced Systems' stock closed flat at 0.1 Singapore cent on Thursday.