Jasminephyo
2021-12-02
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Singapore Stocks to watch: SPH, SPH Reit, Keppel, Sembcorp, Ntegrator
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Following the completion, SPH will no longer have to meet the requirements imposed on newspaper companies under the Newspaper and Printing Presses Act in Singapore. SPH's shares closed up S$0.01 or 0.4 per cent to S$2.34 on Wednesday before the announcement, while shares for SPH Reit went up 0.5 per cent, or S$0.005 to close at S$1.\nKeppel Corporation: Its partially-owned subsidiary M1, said on Wednesday (Dec 1) that it will acquire up to 70 per cent of Malaysia-based Glocomp Systems and its 2 affiliate companies for RM111 million (S$36 million) through its indirect subsidiary AsiaPac Technology. In a separate statement, Keppel said AsiaPac will acquire an initial 26 per cent stake in Glocomp for RM26.3 million, funded via a combination of subscription of new ordinary shares to be issued by Glocomp, and purchase of ordinary shares from Glocomp founders Liew Yoon Kit, Giam Teck Eng, Chan Yue Mun and Chan Tze Ming. Keppel shares closed up S$0.01 or 0.2 per cent to S$5.11 on Wednesday.\nSembcorp Industries: The conglomerate on Thursday (Dec 2) said it is acquiring a 35 per cent interest in SDIC New Energy, a power company in China with a portfolio of 30 operational wind and solar photovoltaic assets, for an equity consideration of 1.5 billion yuan (S$320 million). Shares of Sembcorp closed at S$1.93 on Wednesday (Dec 1), up S$0.05 or 2.7 per cent.\nNtegrator International: The communications network specialist secured an S$8.6 million contract extension from a regional telecom provider for pipe installation and maintenance works in eastern, northern and western Singapore. The Catalist-listed group said in a bourse filing on Wednesday (Dec 1) that this deal adds to its order book of S$65.9 million as at Jun 30, 2021. Shares of thinly-traded Ntegrator ended Wednesday unchanged at S$0.007, before the announcement.\nTrading halt: Bread specialist QAF has called for a trading halt on Thursday (Dec 2) morning, pending an announcement. Shares of the counter closed at S$0.875, up 1.7 per cent or S$0.015, on Wednesday (Dec 1).","news_type":1},"isVote":1,"tweetType":1,"viewCount":437,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/603661971"}
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