SG stocks Tuesday: Singtel, DBS, Gazprom, SGX, Singapore O&G, Dymon Asia, Beng Kuang

DBS Bank branchDBS Bank branch

Singapore companies in focus on Tuesday, 8 March 2022:

  • Singtel’s NCS to acquire Australia’s Dialog for S$352M
  • DBS sets up board sustainability committee
  • SGX suspends trading of PJSC Gazprom GDR

Others: SGX, ADDX, Beng Kuang Marine, Geo Energy, Singapore O&G and Dymon Asia.


Singtel‘s wholly owned subsidiary NCSI Holdings (NCS) has entered a deal to acquire IT services consulting company Dialog for A$325 million, or around S$325 million, the telco said in a filing to SGX Monday. 

Read more: Singtel’s NCS to acquire Australia’s Dialog for S$352M


DBS has established a board sustainability committee, the first for a Singapore bank, to create greater focus on the bank’s sustainability agenda, which is a key strategic initiative, Southeast Asia’s largest bank said in a filing to SGX Monday. 

Read more: DBS sets up board sustainability committee

Singapore O&G and Dymon Asia

A consortium called NewMedCo, which includes Dymon Asia, will make a voluntary unconditional cash offer for all of healthcare company Singapore O&G at S$0.295 a share, the offeror said in a filing to SGX Monday. 

Read more: Singapore O&G gets takeover bid from consortium including Dymon Asia

Geo Energy

Geo Energy said Monday it expects to “perform well” in 2022 as coal prices have surged due to the geopolitical tensions caused by Russia’s invasion of Ukraine. 

Read more: Geo Energy tips strong 2022 as Russia’s invasion of Ukraine boosts coal prices

PJSC Gazprom GDR

Singapore Exchange Regulation (SGX RegCo) has suspended trading in PJSC Gazprom GDR as the Russian government is the ultimate controlling party of the Russian natural gas company, the exchange announced Monday. 

Read more: SGX suspends trading of PJSC Gazprom GDR

SGX-backed ADDX

Private market platform ADDX, backed by Singapore Exchange, has named Oi-Yee Choo, the former head of investment banking for Singapore at UBS, as its new CEO.

Read more: SGX-Backed ADDX Taps Ex-UBS Investment Banker

Beng Kuang Marine

Beng Kuang Marine has entered a deal to acquire a 10 percent stake in Singapore-based internet-of-things (IOT) startup I.O.T. Workz, the offshore and marine service provider said in a filing to SGX Monday.

Read more: Beng Kuang to acquire stake in I.O.T. Workz startup

Food Empire, GEAR and The Place Holdings

Singapore company briefs: Food Empire Holdings, Golden Energy and Resources (GEAR) and The Place Holdings.

Read more: SG briefs: Food Empire, Golden Energy and Resources (GEAR), The Place Holdings

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