JellyBelly56
2021-10-19
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Stocks to watch: Rex, Lian Beng, Raffles Education, Beng Kuang Marine
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Rex International also said it has adopted a dividend policy for its FY2021 results. Shares of the company last closed at S$0.325 on Monday, up S$0.015 or 4.8 per cent.\nLian Beng Group: (L03) The group's 60 per cent-owned subsidiary, United Tec Construction, has won a contract worth about S$118 million to build a residential flat development at Ang Mo Kio Avenue 1, the mainboard-listed company announced on Monday (Oct 18). The contract is awarded by United Venture Development (2021), a joint venture between UOL Group, Singapore Land Group and Kheng Leong Company. Shares of Lian Beng closed flat at S$0.505 on Oct 18, before the announcement.\nRaffles Education Corp (REC): (NR7) The stock of the mainboard-listed private school operator hit new lows on Monday (Oct 18) following a letter by tycoon Oei Hong Leong to the company's board. REC said it viewed Oei's letter as containing \"bare allegations and material inaccuracies which are not substantiated\". 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