Companies & Markets

Stocks to watch: Oceanus, Prudential, Union Gas, Sarine Tech, FJ Benjamin

Published Thu, Mar 4, 2021 · 08:37 AM

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

Oceanus Group: The seafood supplier took a tumble as its share price fell 45.3 per cent, or 2.9 Singapore cents, to an intra-day low of 3.5 cents as at 10.22am on Wednesday. Oceanus was also the most traded counter by volume on the Singapore bourse at market close, with 1.4 billion shares having changed hands. The counter closed down 34.4 per cent or 2.2 Singapore cents at 4.2 cents on Wednesday.

Prudential: Britain's largest insurer reported on Wednesday that its operating profit had grown 4 per cent for 2020, driven by strength in its main Asian business, as it prepares to split off its US operations. The counter closed flat at S$15 on Wednesday.

Union Gas Holdings: Union Gas said on Wednesday that it is working with Surbana Jurong to study the potential of redeveloping its fuel station at Old Toh Tuck Road into a multi-fuels and energy facility. They are expected to conclude the study and make recommendations within the next six months. Shares of Union Gas closed down 9.2 per cent, or S$0.07, at S$0.69 on Wednesday before the announcement.

Sarine Technologies: The diamond technology firm said on Wednesday that it is planning to seek a dual listing on Israel's Tel Aviv Stock Exchange. It expects the dual listing to be completed during the second quarter of this year. Shares of Sarine closed unchanged at 49.5 Singapore cents on Wednesday before the announcement.

FJ Benjamin: Its shares closed at 4.6 Singapore cents, 130 per cent or 2.6 cents higher, on Wednesday following the announcement of a partnership with Lazada Singapore and its removal from the Singapore Exchange's watch list a day earlier. The last time the counter traded near such price levels was more than two years ago in August 2018.