Singapore Stocks to Watch: Singtel, Nordic Group, OCBC

Tiger Newspress2023-04-06

The following companies saw new developments that may affect the trading of their securities on Thursday (Apr 6) :

Singtel (Z74): The telecommunications provider halted the trading of its shares on Thursday morning, just before the market opened, pending an announcement.

Nordic Group (MR7): Several divisions of Nordic Group have clinched contracts with a total value of about S$22.6 million with both new and repeat customers.

On Wednesday (Apr 5), the systems integration solutions provider said most of these customers comprise multinational companies and companies in the marine, offshore oil and gas, petrochemical, semiconductor, infrastructure and security industries sectors.

The new contracts are not expected to have a material impact on Nordic’s consolidated net tangible assets per share and earnings per share, for its current financial year.

OCBC (O39): The metaverse community on Wednesday (Apr 5) welcomed its newest player, OCBC, with the local lender’s launch of OCBCx65Chulia on metaverse platform Decentraland.

Named after the bank’s headquarters’ address on 65 Chulia Street, the initiative aims to improve financial literacy among bank customers aged 18 to 25; it is also an alternative way for Web 3.0 enthusiasts to access OCBC’s suite of banking services.

Customers logging onto the platform will find links to services such as applying for a credit card, or opening a current or savings account. They may also customise their own avatar, or chat with other users in the virtual world – as is done in other metaverse applications.

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

Gevinh
2023-04-06
Gevinh
Hope they are not like their American counterparts.
VivianChua
2023-04-06
VivianChua
Good 👍
setia100
2023-04-06
setia100
Attracting young people to use credit cards & go bankrupt ❓😂
- Michaaeel:
  👍
- IamHL:
  ok
- Phantom121:
  ok

Leave a comment

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