THE following companies saw new developments that may affect trading of their securities on Tuesday (Jul 4):
ComfortDelGro: TRANSPORT operator ComfortDelGro Corporation on Tuesday (Jul 4) said its indirect subsidiary bagged an outer metropolitan bus contract worth A$200 million (S$180.3 million) in New South Wales (NSW), Australia.
The eight-year contract – which will start in July 2024 – is for Region 7. This covers the NSW Central Coast, including The Entrance, Gosford, Wyong and the surrounding areas, the group said.
The contract was awarded to Red Bus CDC NSW, a 50:50 joint venture between NSW bus operator Red Bus Services and CDC NSW – the group’s indirect subsidiary.
The latest contract win brings the number of bus service contracts operated by CDC NSW to four, covering Regions 2, 7, 8 and 11 in the outer metropolitan areas. CDC NSW also operates two contracts in Sydney’s metropolitan Regions 4 and 14.
The two contracts for Sydney and contract for NSW Region 12 and 14 are worth more than A$1.9 billion, ComfortDelGro said.
OCBC: OCBC expects that a boost to its Asean-Greater China growth plans will add S$3 billion in revenue by 2025, on top of its current growth trajectory.
“We already have all the initiatives and opportunities identified… there is no better time than now,” said OCBC group chief executive officer Helen Wong, who expects macro trends will help the bank continue to expand and grow its business in the region.
Wong was speaking at OCBC’s Asean-Greater China Showcase on Monday (Jul 3) in Hong Kong, where the bank updated its plans to boost flows between Asean and Greater China. Speakers at the event included the bank’s head of global wholesale banking Tan Teck Long, head of global consumer financial services Sunny Quek, and Bank of Singapore CEO Jason Moo.
Alpina: INTEGRATED solutions provider Alpina Holdings secured S$216.9 million worth of contracts in the six months ended Jun 30, of which the majority are public sector projects, the Catalist-listed company said in a bourse filing on Monday (Jul 3).
Among these are two contracts worth S$117.2 million to undertake the design, installation, construction, testing and commission of solar photovoltaic (PV) systems for engineering design consultancy Novasix. These are expected to be completed by December next year.
There are also seven term contracts worth about S$93.4 million for the provision of mechanical and electrical systems maintenance and other works for a government ministry, a construction company, a town council and two statutory boards.
