Stocks to watch: UOB, Hock Lian Seng, Singapore Airlines

Wong Pei Ting

Published Fri, Jan 14, 2022 · 08:21 AM

THE following companies saw new developments that may affect trading of their securities on Friday (Jan 14):

UOB U11: The bank has agreed to acquire Citigroup’s consumer businesses comprising its unsecured and secured lending portfolios, wealth management and retail deposit businesses in Indonesia, Malaysia, Thailand and Vietnam. When announcing this in a bourse filing on Friday morning, UOB said Citigroup’s consumer business had an aggregate net asset value of around S$4 billion and a customer base of about 2.4 million as at Jun 30, 2021. It generated income of about S$0.5 billion in the first half of 2021, it added. Shares of UOB closed at S$29.18 on Thursday, down S$0.26 or 0.9 per cent..

Hock Lian Seng Holdings J2T: The Land Transport Authority awarded a subsidiary of the mainboard-listed construction company a S$454 million contract for Cross Island Line Phase 1. Hock Lian Seng Infrastructure will take charge of the design and construction of the Serangoon North station and tunnels. Shares of Hock Lian Seng closed up 8.5 per cent or S$0.02 at S$0.255 after the announcement on Thursday.

Singapore Airlines (SIA) C6L: The airline automatically extended its loyalty memberships for a third year for the same reason: A lack of flying opportunities due to border closures caused by the Covid-19 pandemic. SIA will also give additional benefits to KrisFlyer members who fly on Scoot from February. Shares of the carrier closed S$0.02 or 0.4 per cent higher at S$5.04 on Thursday.

Trading halt: Mainboard-listed Straits Trading Company S20 : S20 0% has called for a trading halt on Friday morning, pending an announcement. The counter closed at S$3.40, down 0.3 per cent or S$0.01, on Thursday.