Tuesday, September 1, 2015

Stocks to watch: SembMarine, Singtel, Chinese Global Investors

THE following stocks had announcements that could affect trading activity on Tuesday:

Sembcorp Marine has clinched a more than US$1 billion engineering, procurement and construction contract to build three topsides for the Culzean Field development in the North Sea, the rig builder announced early Tuesday.

The contract amount, which includes long lead items, is for building a central processing facility, two connecting bridges, a wellhead platform and utilities and living quarters platform for Maersk Oil North Sea UK.

SembMarine shares closed at S$2.39 on Monday.

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