THE following stocks had announcements or developments that could affect trading activity on Monday.
SMRT: The train operator has backed out of a bid to venture into the telecommunications industry,
after facing criticism over whether it might be distracted from its
core business of providing public transport. It said in a Singapore
Exchange filing on Friday that it has decided not to subscribe for
shares in OMGtel - a subsidiary of wireless systems integrator Consistel
that was set up in October 2014 for the purpose of bidding for
Singapore's fourth telco licence.
City Developments (CDL): The property and hotel conglomerate stock fell as much as 5.4 per cent on Friday,
on news of its impending removal from the FTSE EPRA NAREIT Global
Developed index as it did not meet the index's income criterion.
Singapore Telecommunications (Singtel): The telco has launched a cloud-based solution that helps enterprises
in Asia Pacific, Australia, Europe and the US simplify the management
of their networks. The service, called ConnectPlus Software-Defined Wide
Area Network (SD-WAN), has been launched by Singtel in partnership with
US company Viptela Inc, a Sequoia-funded start-up founded in 2012.
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