Singapore stocks to watch Tuesday: Wilmar, Great Eastern, Boustead Projects, Swiber

Singapore street scene in Tanjong Pagar neighborhood; taken 31 August 2018.Singapore’s Tanjong Pagar neighborhood.

These are Singapore stocks which may be in focus on Tuesday 11 December 2018:

Wilmar International

Wilmar International issued a joint statement with Aidenvironment and supporting consumer goods companies Unilever and Mondelez on new supplier monitoring and engagement program to step up efforts on its No Deforestation, No Peat, No Exploitation (NDPE) policy.

Read more: Wilmar issues plan to step up efforts to create ‘deforestation-free’ palm oil supply chain

Great Eastern

Great Eastern Holdings said on Tuesday that its wholly owned subsidiary, Great Eastern General Insurance (GEG), entered a deal to acquire all of PT QBE General Insurance Indonesia for US$28.0 million, or around S$38.4 million.

Read more: Great Eastern enters deal to buy QBE General Insurance Indonesia

Boustead Projects

Boustead Projects said on Monday that JTC Corp. awarded it a construction contract valued at around S$241.9 million for a multi-storey recycling facility (MSRF) to be located at Kranji Loop in Singapore.

Read more: Boustead Projects obtains around S$242 million contract for recycling facility

Hong Leong Asia

Hong Leong Asia said on Monday that its CEO and Director Philip Ting Sii Tien, age 64, has given notice of his plan to resign to pursue other interests, effective 6 January 2019.

Read more: Hong Leong Asia CEO Philip Ting to resign, with Tan Eng Kwee tapped to replace him

Swiber Holdings

Swiber Holdings said on Monday the Singapore Exchange Securities Trading (SGX-ST) approved its application for a second extension of time through 28 July 2019, to submit a proposal to resume trade in its securities.

Read more: Swiber: Obtained extension from SGX to pursue proposed Seaspan deal

City Developments

City Developments said on Monday that its indirect wholly owned subsidiary, Suzhou Global City Genway Properties, has incorporated a wholly owned subsidiary called Suzhou Jin Cheng Hao Chuang Investment Management in China with a registered capital of 20 million yuan.

The new subsidiary’s principal activities will include investment management and consultation, asset management, venture capital investment and business-related consultation, it said in a filing to SGX after the market close on Monday.

Accordia Golf Trust

Accordia Golf Trust said on Monday that it had 512,394 players in November, up 0.2 percent on-year, while its utilization rate for the month was 81.1 percent, down 0.6 percentage point on-year.

For the April-to-November period, Accordia Golf Trust had 4.04 million players, down 2.8 percent from the year-ago period, while its utilization rate was 78.9 percent for the period, down 2.1 percentage points on-year, the trust said in a filing to SGX after the market close on Monday.

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