Market Snapshot Singapore stocks opened higher on Thursday. STI rose 0.56%; ValueMax up 1.85%; OUEREIT, ST Engineering, SGX, Singtel up around 1%; OCBC Bank, DBS up nearly 1%. Stocks in Focus $ST Engineering(S63.SI)$: It announced on Wednesday that its marine business has secured a six-year subcontract valued at an estimated S$600 million from Abu Dhabi Ship Building (ADSB), a shipbuilder based in the United Arab Emirates. The contract is for the design and supply of platform systems for a fleet of eight missile gun boats that ADSB is constructing for the Kuwait Naval Force. Shares of ST Engineering closed at S$11.10 on Wednesday, up S$0.29 or 2.7 per cent. $Nio(NIO.SI)$: The Chinese electric vehicle