Stocks to watch: UOB, ST Engineering, Sembcorp, Thomson Medical

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Aug 27):

UOB : The bank on Thursday said it has priced a €1 billion (US$1.2 billion) dual-tranche covered bond transaction across 2-year and 5-year tenors, the first offering of its kind by an Asian issuer. The issuance generated “exceptionally strong” demand, with order books peaking at over €4.25 billion, allowing the bank to significantly tighten pricing and achieve highly attractive funding costs. UOB shares fell 0.4 per cent to close S$0.16 lower at S$40.95 on Wednesday.

ST Engineering : The group’s urban solutions business on Wednesday said it has secured a S$750 million turnkey rail services contract in August for the extension of a metro line in Taoyuan, a municipality in northwestern Taiwan. The seven-year project will begin in Q4 this year. The counter ended Wednesday down 1.2 per cent or S$0.13 at S$10.58, before the news.

Sembcorp Industries : Sembcorp Industries on Thursday said its Indian renewables unit has filed draft prospectus papers for an initial public offering in Mumbai that could raise as much as US$500 million. If completed, the proposed share sale will be Sembcorp Green Infra’s second attempt to list publicly after a previous attempt in 2018. Shares of Sembcorp rose 1.2 per cent to close S$0.07 higher at S$6.12 on Wednesday.

Thomson Medical : The healthcare operator on Wednesday posted a net loss of S$19.5 million for its second half ended Jun 30, down from a net loss of S$34.7 million for the previous corresponding period. It came on the back of a 48.7 per cent reduction in other operating expenses to S$61.3 million, from S$119.4 million a year before. The group said it was mainly due to a lower impairment loss on goodwill arising from its acquisition of Far East Medical Vietnam. Thomson Medical shares ended 1.9 per cent or S$0.001 higher at S$0.054 on Wednesday, before the results were released.