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Stocks to watch: YuuZoo, Sembcorp Industries, OUE Hospitality Trust
SINGAPORE Exchange (SGX) has granted YuuZoo Corporation one month's extension, until May 31, to hold its 2014 annual general meeting (AGM), the company said on Friday morning.
On Thursday, SGX issued its second query in six months to YuuZoo after the company's shares fell 13 per cent in heavy lunch-time trade.
Utilities firm Sembcorp Industries' thinner profits for its energy business dimmed first-quarter earnings, dragged by its Singapore power plant business which made a loss after factoring in depreciation.
The group, which added that it faces a challenging year ahead, has been handed a double whammy by the crude oil slump since both its major business segments, utilities and marine, are directly affected by the price of oil.
OUE Hospitality Trust on Thursday recorded a 3.1 per cent year-on-year fall in distributable income from S$22.1 million to S$21.4 million for the first quarter ended March 31, 2015, due to the weaker operating performance of Mandarin Orchard Singapore hotel.
Distribution per stapled security fell 4.2 per cent from 1.68 Singapore cents a year ago to 1.61 Singapore cents.