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Stocks to Watch: SMRT, Noble, SPH Reit, Singapore telcos, Ezra
THE following stocks had announcements or developments that could affect trading activity on Wednesday.
SMRT Corporation: Two major train lines were knocked out on Tuesday evening due to a power fault. The company has said that both the North-South and East-West lines may run on limited services on Wednesday morning.
Noble Group: The embattled commodities trader has commissioned PricewaterhouseCoopers LLP (PwC) to conduct a third-party review of its mark-to-market models, valuations, as well as governance framework.
SPH Reit: The Reit (real estate investment trust) reported a distribution per unit (DPU) of 1.35 Singapore cents for its third quarter ended May 31, 2015 - unchanged from a year ago. Net property income grew 4.3 per cent to S$39.3 million, while gross revenue rose 1.6 per cent to S$51.2 million.
Singapore telcos: The Infocomm Development Authority of Singapore (IDA) paved the way for the possible entry of a fourth telco operator on Tuesday - heightening future competition for M1, Singtel, and StarHub. IDA announced that it will set aside 60 Megahertz (MHz) of spectrum for a new mobile network operator when it auctions 225 MHz of spectrum early next year.
Ezra Holdings, Triyards, Emas Offshore: Triyards and Emas Offshore - the two Singapore-listed subsidiaries of offshore services group Ezra Holdings - announced new contract wins while posting subdued third-quarter results amid ongoing softness in the energy industry.
SBI Offshore: The company has entered into a joint venture agreement with German-based Grass Group to build and operate solar farms and systems, with a focus on the Asia-Pacific region.