Singapore stocks to watch Tuesday: SGX, ST Engineering, Creative, Thakral

Bugis street scene in Singapore; taken July 2018.Bugis street scene in Singapore; taken July 2018.

These are Singapore stocks which may be in focus on Tuesday 4 December 2018:

Singapore Exchange

Singapore Exchange said on Monday that it was partnering with Nanhua Futures to develop ways for investors to access opportunities related to China’s Belt and Road Initiative (BRI).

Read more: SGX and Nanhua Futures in tie-up to develop China Belt and Road indexes

Singapore Exchange

Singapore Exchange said on Monday that it launched high-grade iron-ore derivatives, the world’s first, to meet demand for new risk management tools as China makes structural changes to its environmental policies.

Read more: SGX launches first high-grade iron-ore derivatives

ST Engineering

ST Engineering said on Monday that it divested all of its pilot-training business in the U.S., by selling all of its shares in Aviation Academy of America (AAA) and VT Aviation Services (VTAS) to Vaayu Aerospace.

Read more: ST Engineering divests US pilot training business

Creative Technology and Popular

Creative Technology said on Monday it was tying up with Singapore bookstore chain Popular in a longer term effort to jointly create new offerings in Singapore, starting with Creative’s Super X-Fi products.

Read more: Creative Technology ties up with bookstore chain Popular to promote its Super X-Fi products

Thakral Corp.

Thakral Corp. said on Monday that it invested in Kitahama Building, an Osaka office building, in a move to expand its property investment portfolio in Japan.

Read more: Thakral: Expanding Japan portfolio with Osaka office building acquisition

Hong Leong Asia

Hong Leong Asia said on Monday that its wholly owned subsidiary, Well Summit Investments, purchased 600,000 shares of New York Stock Exchange-listed China Yuchai International, or CYI, for a total of US$8.39 million.

Read more: Hong Leong Asia raises stake in China Yuchai International

Kingsmen Creatives

Kingsmen Creatives said on Monday that its wholly owned subsidiary, Kingsmen Exhibits, set a strategic joint venture with the Nassal Co. for providing scenic fabrication services for the attractions business in Japan.

Read more: Kingsmen Creatives sets Japan joint venture with Nassal

Noble Group

Noble Group said on Monday it established a wholly owned subsidiary, Spinel Investments, in the Cayman Islands, with a primary business of investment holding.

The issued and paid-up share capital and net tangible asset value of Spinel is US$1.00, comprising one share, it said, adding the payment was satisfied in cash and funded by internal resources.

Asiatravel.com

Asiatravel.com said on Monday that it has submitted on Friday its reply to the Singapore Tourism Board’s report to the Minister of Trade & Industry over STB’s assessment of the appeal against STB’s notice of decision to suspend Asiatravel.com’s travel agent license.

Asiatravel.com said it was now awaiting the MTI’s decision on its appeal.

The company has previously highlighted that it faced “minor cash flow issues” and a lack of qualified accounting staff.

 

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