The Business Times

Stocks to watch: SIA Engineering, Halcyon Agri, Viking Offshore & Marine

Megan Cheah
Published Wed, Jan 19, 2022 · 08:32 AM

THE following companies saw new developments that may affect trading of their securities on Wednesday (Jan 19):

SIA Engineering (SIAEC): S59 The aircraft maintenance, repair and overhaul service provider has inked a 10-year line maintenance and in-field service agreement with Rolls-Royce to service its Trent engines. SIAEC will provide in-field services for Rolls-Royce customers in Singapore, with new capabilities for the Trent 7000 and Trent XWB engines. Prior to the news, SIAEC shares were down S$0.02 or 0.9 per cent to S$2.18 when the market closed on Tuesday.

Halcyon Agri: 5VJ The rubber producer expects to return to profitability for the financial year 2021 ended Dec 31, 2021, due to "overall improvement in business conditions, particularly the recovery of downstream industrial activities", based on its unfinalised financial statements. The company had posted a net loss of S$54.2 million for FY2020. The counter closed flat at S$0.225 on Tuesday, before the announcement was made.

Viking Offshore and Marine: 1Y1 The Catalist-listed offshore and marine services company has launched a private placement to raise S$880,000. It will issue around 11 million shares priced at S$0.0801 each to raise funds and strengthen its financial and working capital position, Viking said in a bourse filing on Tuesday. Shares of the counter closed flat at S$0.089 before the news was announced.

Trading halts:

Food and beverage group No Signboard 1G6 : 1G6 0% has called for a trading halt on Wednesday morning, pending an announcement. The counter closed flat at S$0.031 on Tuesday.

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Mainboard-listed investment holding company Nutryfarm International AZT : AZT 0% has also called for a trading halt late Tuesday morning, pending an announcement. Nutryfarm shares last traded at S$0.099, down S$0.016 or 13.9 per cent, before trading stopped at 11.23 am.

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