Singapore Stocks to Watch: Singtel, ComfortDelGro, Seatrium, Boustead, HPL

Tiger Newspress2023-08-23

The following companies saw new developments that may affect the trading of their securities on Wednesday (Aug 23):

ComfortDelGro on Tuesday (Aug 22) said it will pay out its interim dividend of S$0.029 per ordinary share a day earlier than planned, because the original payment date – Sep 1 – has been declared a public holiday for the Presidential Election.

Hotel Properties Limited, whose managing director Ong Beng Seng is embroiled in a corruption probe, had given S$24.6 million in advances to two jointly controlled entities in which Ong is deemed to have interest, and the amounts were due.

Seatrium Group’s unit Seatrium New Energy, formerly known as Keppel Fels, on Tuesday (Aug 22) delivered its second jackup rig to Adnoc Drilling.

A unit of Boustead Singapore has secured a contract related to once through steam generators (OTSGs) worth around S$31 million, the company said on Tuesday (Aug 22).

UOB Kay Hian (UOBKH), Maybank Securities and RHB Bank Singapore have all kept their “buy” calls on Singtel at unchanged target prices, whilst CGS-CIMB Research has maintained their “add” call at a lowered target price. DBS, UOBKH, Maybank and RHB have kept their unchanged target prices of $3.18, $3.15, $3.10 and $3.40 respectively, whilst CGS-CIMB has lowered their target price to $2.80 from $3.00 previously.

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Comments

sc0tchb0nn3t
2023-08-23
sc0tchb0nn3t
Is there any good news surrounding Singtel at all?
Barbarazhao
2023-08-23
Barbarazhao
Thanks
Sigit waloyo
2023-08-23
Sigit waloyo
Move on

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