Stocks to watch: SIA, EGP Energy, Q&M Dental
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesda (Sep 16):
Singapore Airlines (SIA) reported a 1.5% increase in passenger traffic for August, reaching 13.8 million revenue passenger-kilometres. Passenger capacity grew by 3.5% to 16 million available seat kilometres, while the number of passengers carried increased by 3.6% to 3.7 million. The growth in both traffic and capacity was mainly driven by East Asia, Europe, and the South-west Pacific. The stock closed 0.3% or S$0.02 lower at S$6.61 following the update.
Indirectly wholly-owned subsidiary of EGP Energy entered into a joint venture agreement with a wholly-owned subsidiary of Malaysia-listed UUE. The new joint venture company will have an initial paid-up capital of RM1 million (US$245,314). EGP Infrastructure Investments will hold a 60% equity stake, while Kum Fatt Engineering will own the remaining 40%. EGP Energy's shares closed 2.7% or S$0.02 lower at S$0.715 before the news.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
