SG stocks Wednesday: Keppel, CityDev, Grab, ADDX, Watches.com

City Developments building in Singapore’s central business districtCity Developments building in Singapore’s central business district

Singapore companies in focus on Wednesday, 25 May 2022:

  • Keppel O&M: Lands two jackup rig charter contracts
  • City Developments: 1Q22 Singapore residential unit sales dropped 41 percent
  • Temasek-backed ADDX raises fresh funding From SET, UOB
  • Grab’s new wealth management product taps Temasek-tied funds
  • SPONSORED: Watches.com entering online watch business just as consumers re-open wallets

Keppel O&M: Lands two jackup rig charter contracts

Keppel Offshore and Marine has signed deals for the bareboat charter of two KFELS B Class jackup rigs to be deployed to the Middle East, Keppel Corp. said in a filing to SGX Tuesday.

City Developments: 1Q22 Singapore residential unit sales dropped 41 percent

City Developments reported Tuesday its first quarter residential unit sales in Singapore dropped 41 percent on-year to 188 units, valued at S$477.9 million, compared with sales of 319 units valued at S$513.6 million in the year-ago period.

Grab’s new wealth management product taps Temasek-tied funds

Superapp Grab has launched a new low-minimum wealth management product, tapping on funds from one of Singapore state-owned investment company Temasek Holdings’ subsidiaries.

Temasek-backed ADDX raises fresh funding From SET, UOB

Temasek-backed digital securities exchange ADDX has raised a fresh round of funding from investors including the Stock Exchange of Thailand and Singapore bank UOB.

SPONSORED: Watches.com entering online watch business just as consumers re-open wallets

As the world begins to roll back pandemic restrictions, wallets are opening up — and watches are on consumers’ shopping lists.

Briefs

Singapore company briefs: DISA, City Developments’ CDL Investments New Zealand, iFAST Corp., and Nordic Group. Read more.

Singapore company briefs: Nordic Group, First REIT, Hong Fok Corp. and Keppel Corp. Read more.

Singapore company briefs: Watches.com and UnUsUaL Ltd. Read more.

Singapore companies announcing executive changes: Econ Healthcare (Asia), Kitchen Culture Holdings and Medinex. Read more.