Stocks to watch: Q&M Dental, Aoxin Q&M, Yoma, Lian Beng, Neratel, Econ Healthcare

THE following companies saw new developments that may affect trading of their securities on Monday (Jan 17):

Q&M Dental Group and Aoxin Q&M Dental Group: QC7 1D4 Acumen Diagnostics, a subsidiary of Q&M Dental Group and an associated company of Aoxin Q&M Dental Group, is exploring a proposed listing on the Nasdaq stock exchange in New York, it said on Monday. Shares of Q&M closed at S$0.61 on Friday, down S$0.005 or 0.8 per cent, while shares of Aoxin Q&M closed flat at S$0.245.

Yoma Strategic: Z59 The mainboard-listed Myanmar-based group on Monday announced that its subsidiary, Yoma MFS, has entered into a new share purchase agreement with Telenor Group to acquire controlling interest in Digital Money Myanmar via a US$53 million deal. Yoma said in May 2021 that the long-stop date to complete the proposed transaction had not been extended, but that it would continue to explore opportunities pertaining to Digital Money Myanmar. Shares of Yoma closed at S$0.133, down S$0.001 or 0.8 per cent on Friday.

Lian Beng Group: L03 The increase in the property developer cum construction group's half-year revenue was dampened by a rise in cost of sales and operating expenses, the company announced in its H1 FY2022 financial results on Friday. The 100 per cent increase in the top line to S$377.3 million from S$197.5 million was contrasted by earnings per share falling to S$0.0298 from S$0.0352. Its shares dropped S$0.005 or 0.9 per cent to S$0.54, before the results were released.

Nera Telecommunications: N01 The IT infrastructure provider's foreign subsidiaries have received bills of demand relating to tax liabilities worth an estimated S$3.62 million. The company expects this to have a material financial impact, and is in the midst of determining the final amount. The counter closed S$0.003 or 2.4 per cent higher at S$0.128 on Friday, before the announcement.

Econ Healthcare: EHG The Catalist-listed nursing home operator will be undertaking a review of its investment policy, after the company is expected to lose S$3.4 million from selling its shares in Hong Kong-listed interior design company Crosstec on Jan 12. Its audit committee will look at measures including consideration of the target company's dividend policy, lowering the maximum investment limits and imposing requirements. Shares in Econ Healthcare were down S$0.025, or 8.9 per cent, to close at S$0.255 on Friday, before the news.

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Memiontec: SYM The Catalist-listed wastewater and water management solutions company was issued a Trade with Caution alert on its shares by Singapore Exchange Regulation on Friday, following "several instances of unusual price spikes" between Aug 3, 2021 and Jan 12, 2022. Prior to the news, shares of Memiontec closed S$0.01 or 1.3 per cent higher at S$0.81 on Friday.

A-Sonic Aerospace: BTJ The mainboard-listed aerospace and logistics company's market capitalisation could rise above the S$40 million threshold after 2 directors exercised their bonus warrants. These warrants will boost A-Sonic Aerospace's share capital to about 67.15 million shares from its current base of 58.48 million shares. The counter closed at S$0.605 on Friday, up S$0.005 or 0.8 per cent.