Stocks to watch: Jardine Matheson, Frasers Property, Advanced Systems Automation, Southern Alliance Mining
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Oct 13):
Jardine Matheson upgraded its 2026 earnings guidance, projecting underlying earnings between US$5.50 and US$5.65 per share, compared to the previous guidance of US$5.33 per share. The company also completed an agreement to acquire a 50 percent stake in Gammon Construction from Balfour Beatty, making it the sole owner for US$330 million.
Frasers Property appointed Jai Mirpuri as the new chief executive officer for its industrial and logistics operations in Australia and Europe, set to take effect on Jan 11, 2027. The company delayed its first-quarter financial results release, originally scheduled for Thursday, to Oct 31 due to the departure of its group financial manager.
The Sultan of Johor acquired 2.3 percent of the mining group's issued shares from its managing director and controlling shareholder, Dato’ Sri Pek Kok Sam, in an off-market transaction worth S$6.1 million.
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.
