Singapore Stocks to watch: SIA, MCT, Hwa Hong

Tiger Newspress2022-07-06

THE following companies saw new developments that may affect trading of their securities on Wednesday (Jul 6):

SINGAPORE Airlines is adding frequencies and service points to Japan, Los Angeles, Paris and India by December, raising its group capacity to 81 per cent of pre-pandemic levels.

The mainboard-listed airline group said in a statement on Tuesday (Jul 5) that the increase in frequencies and service points is in response to strong demand for air travel as the northern winter season (Oct 30 to Mar 25, 2023) approaches. The group will monitor the demand for air travel and adjust its services accordingly, said JoAnn Tan, senior vice-president for marketing planning at SIA.

MAPLETREE Commercial Trust announced in a bourse filing on Tuesday (Jul 5) that it has appointed formerOCBC : O39 -0.53%chief executive Samuel Tsien as a non-executive director of the manager of the real estate investment trust (Reit).

Concurrently, Tsien is a non-executive director of Mapletree Investments, the sponsor of MCT, and a member of the sponsor’s investment committee.

SHAREHOLDING directors of Hwa Hong Corporation are increasingly of the view that maximising shareholder value would be best achieved outside the timeline and constraints imposed by the general offer” made by Sanjuro United at S$0.40 per Hwa Hong share, said the company on Monday (Jul 4).

This comes ahead of theoffer’s closing deadline on Jul 6.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

SSVC
2022-07-06
SSVC
K
blessed_1
2022-07-06
blessed_1
Ok
SanWangtikup
2022-07-06
SanWangtikup
Ya
LiliMe
2022-07-06
LiliMe
Ok
Simonnov
2022-07-06
Simonnov
Ic
Looyusooi
2022-07-06
Looyusooi
Ok

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