Stocks to watch: Sats, Yangzijiang Shipbuilding, SBS Transit, GuocoLand
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Sep 15):
Sats, a group specializing in temperature-controlled and time-critical shipments, recently signed a memorandum of understanding with KLN Logistics. The partnership aims to develop and scale end-to-end solutions for handling sensitive cargo and expedited shipments across networks in Asia, Europe, and the Americas. As a result, Sats shares saw a decline of 1 percent or S$0.04, closing at S$3.87 on Monday.
Meanwhile, Yangzijiang Shipbuilding, a Chinese shipbuilder, reportedly secured a contract to build 12 ultra-large container ships for an undisclosed major liner company. MB Shipbrokers, a shipbroker, revealed the news on Monday, but neither the delivery schedule nor the contract value has been disclosed. Yangzijiang Shipbuilding shares experienced a 2.6 percent rise, closing the day at S$5.11 after initially opening at S$5.11 on Monday.
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