Stocks to watch: Sembcorp, Frasers Hospitality Trust, EC World Reit, NeraTel
THE following companies saw new developments that may affect trading of their securities on Friday (Apr 8):
Sembcorp Industries: The mainboard-listed counter's shares hit more than a 3-year high on Thursday, prompting a query from the Singapore Exchange (SGX) on its "unusual price movements". In a response on the same day, Sembcorp noted media articles that speculated on "certain opportunities" but was not aware of any other possible explanation. The counter ended 5.9 per cent or S$0.16 higher at S$2.87, before the response was issued.
Frasers Hospitality Trust : ACV 0% (FHT): The stapled group's managers said in a bourse filing on Friday that they have not received any written proposals for them to take on a new business strategy, nor have they made any decision. While the managers do review strategic options now and then to unlock value for FHT's stapled securityholders, this may not result in a transaction as they may choose to continue on with the existing business strategy. FHT's stapled securities closed 0.9 per cent or S$0.005 higher, at S$0.57 on Thursday.
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