SG Stock to watch for June! Nio Sets New Record with Delivery of 20,544 Vehicles in May, Up 233.8% YoY
$NIO Inc.(NIO.SI)$
$Seatrium Ltd(5E2.SI)$ : Seatrium has signed a memorandum of understanding (MOU) with M1 to enhance its yard operations with 5G network capabilities. This partnership is in line with Seatrium's digital strategy, which aims to establish a smart yard equipped with ultra-high-speed connectivity. The MOU aims to explore 5G connectivity within Seatrium's yards in Singapore, which would enable the implementation of a range of digital capabilities such as smart video analytics and artificial intelligence to enhance the group's overall operations.
$SEMBCORP INDUSTRIES LTD(U96.SI)$
$PARAGON REIT(SK6U.SI)$ : Paragon REIT is reportedly in advanced negotiations to sell The Rail Mall in Upper Bukit Timah for slightly over S$80 million. The single-storey strip mall has nearly 50,000 square feet of net lettable area and is located on a 99-year leasehold land sold by the state from March 1947, with a remaining lease balance of about 21 years and nine months. The property was valued at S$62 million as of December 31, 2023.
$Oiltek(HQU.SG)$: Oiltek International has announced that one of its subsidiaries has secured new contracts worth RM9.6 million (S$2.8 million) from Malaysia and South Korea. These new contract wins bring the total number of additional contracts obtained in FY2023 to RM322.1 million, representing a significant increase of 64.3% compared to the total value of contracts obtained in FY2022.
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