Stocks to watch: SIA Engineering, Tuas, Multi-Chem, Katrina
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Sep 23):
SIA Engineering, a Singapore joint venture between SIA and Rolls Royce, announced it will offer 30 work-study diploma placements in 2027 to three polytechnics. The firm's shares rose 1 per cent on the news. Multi-Chem, however, is facing a corruption probe involving its CEO and COO, raising concerns that may impact its stock. Tuas, the Australian-listed parent of Simba Telecom, reported a 277 per cent increase in profit and a 24 per cent rise in revenue, though it has not yet decided how to use the S$364.5 million raised to support a failed acquisition.
Katrina Group, a Catalist-listed company, recently saw BYD By 1826 Investments become a significant shareholder, increasing its stake to 5 per cent after acquiring 12.6 million shares.
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.
Also reported by 1 other outlet
- Stocks to watch: SIA Engineering, Tuas, Multi-Chem businesstimes.com.sg
