Stocks to watch: SembMarine, Marco Polo, Parkway Life Reit, Soilbuild
THE following stocks had announcements or developments that could affect trading activity on Tuesday.
Sembcorp Marine, Marco Polo Marine: Sembcorp Marine (SembMarine) says it will pursue its claim against Marco Polo Marine - either by continuing the action in the Singapore High Court, or at arbitration proceedings. This comes after the High Court had on April 22 granted Marco Polo Marine's application for a stay of the entirety of the court proceedings instituted by Sembcorp subsidiary PPL Shipyard (PPLS), in favour of arbitration.
Parkway Life Reit: Parkway Life Reit's distribution per unit (DPU) for the first quarter ended March 31, 2016, fell 7 per cent to 2.99 Singapore cents, from 3.21 Singapore cents the same period a year ago. This was due to the absence of one-off distribution of divestment gain that was recorded for the corresponding period a year ago, the healthcare Reit said. Net property income, however, rose 8.5 per cent from the year-ago quarter to S$25.14 million.
Soilbuild Construction Group: A Soilbuild Construction Group unit has won a construction contract worth US$95 million from a developer in Myanmar. The contract is for the construction and completion of the main building and superstructure works for a proposed "26½-storey serviced apartment and the proposed 26½ storey condominium" at Kabaraye Pagoda Road, Bahan Township, Yangon.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Bitcoin 'halving' has taken place: CoinGecko
Wall Street bonus rules return to regulatory agenda in third try
US: Nasdaq, S&P tumble as Netflix, chip stocks drag
Europe: L’Oreal gains cap third week of declines
China to facilitate Hong Kong IPOs and expand Stock Connect
Global equity funds see surge in outflows as rate cut hopes fade