Stocks to watch: SIA Engineering, Tuas, Multi-Chem, Katrina
Several Singaporean companies experienced new developments affecting their stock trading. SIA Engineering announced a work-study program and an AI technology collaboration, Multi-Chem addressed a graft probe involving its top executives, and Tuas reported significant profit and revenue growth while holding funds from a failed acquisition.
Why it matters
These company-specific updates provide crucial information for investors and market analysts, influencing stock performance and reflecting broader trends in the aerospace, technology, and telecommunications sectors in Singapore and Australia.
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Sep 23):
SIA Engineering : Singapore Aero Engine Services Private Limited (SAESL), a joint venture between SIA Engineering and Rolls Royce, will offer 30 work-study diploma placements in 2027 to Institute of Technical Education, Republic Polytechnic and Temasek Polytechnic students. Additionally, a SAESL collaboration with A*Star will focus on the development and deployment of advanced technologies including, artificial intelligence-native and autonomous inspection, assembly and disassembly solutions across the aerospace maintenance, repair and overhaul sector. Shares of SIA Engineering rose 1 per cent to close S$0.03 higher at S$3.13 on Tuesday.
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