Singapore Stocks to Watch: SIA, ISOTeam and Memories Group

Tiger Newspress2023-01-17

The following companies saw new developments that may affect the trading of their securities on Tuesday (Jan 17):

A combined 2.7 million passengers flew on Singapore Airlines (SIA) and Scoot in December, marking an 11.7 percent month-on-month increase. Group passenger traffic and load factors remained robust across all route regions including East Asia, said SIA Group in a bourse filing on Monday (Jan 16).

ISOTeam C&P, a wholly owned subsidiary of Catalist-listed ISOTeam, has been ordered by the Ministry of Manpower (MOM) to stop all work-at-height activities at a Bedok condominium and any operation of suspended scaffolds, following the death of a foreign worker.

Memories Group will delist on Wednesday (Jan 18), according to a bourse filing on Monday. This announcement follows Memories’ offer to privatise the tourism company last September for either S$0.047 per share in cash or shares in offer or Memories (2022) at the same price per new offer share.

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