Companies & Markets

Stocks to watch: Singapore Airlines, Hong Lai Huat, Datapulse Technology

Published Fri, Apr 16, 2021 · 08:55 AM

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

Singapore Airlines (SIA): The national carrier said on Thursday that it and Scoot will stop carrying transit passengers from Singapore to Hong Kong until further notice, due to new regulatory requirements in the city. This takes effect on Saturday for SIA and April 30 for Scoot. Flights from Hong Kong to Singapore remain unaffected, and passengers coming from Hong Kong will be allowed to transfer through Changi Airport en route to their final destination, the airline said. SIA shares fell 2.9 per cent or S$0.16 to close at S$5.34 on Thursday, before the announcement.

Hong Lai Huat Group: The mainboard-listed property and real estate developer said the lockdown order in Cambodia is likely to affect its property and real estate sales. In an exchange filing on Thursday, the company said that a lockdown has been issued by the Cambodian government in the capital Phnom Penh as well as in neighbouring Kandal province for 14 days, starting Thursday. Shares of Hong Lai Huat fell 1.1 per cent or 0.1 Singapore cent to close at 9.3 cents on Thursday, before the announcement.

Datapulse Technology: Three former executive directors of the company have been reprimanded by the Listings Disciplinary Committee of the Singapore Exchange (SGX) for breaching a mainboard listing rule.They are Ng Cheow Chye, Ng Cheow Leng, and Si Yok Fong @ Chin Yok Fong, SGX said on Thursday. The trio, who resigned in December 2017, filed a notice of appeal against the committee's decision. SGX said an appeal would not be heard as the chairman of the committee is of the opinion that grounds for appeal have not been met. Datapulse shares closed unchanged at S$0.18 on Thursday, before the announcement.

Trading halt: NauticAWT requested a trading halt on Friday pending the release of announcements. Shares of NauticAWT closed unchanged at 1.7 Singapore cents on Thursday.