Fri, Mar 20, 2020 - 9:35 AM THE following companies saw new developments that may affect trading of their securities on Friday: Singapore Airlin
Fri, Mar 20, 2020 – 9:35 AM
THE following companies saw new developments that may affect trading of their securities on Friday:
Singapore Airlines (SIA): On Thursday, OCBC Credit Research lowered the airline’s credit ratings and said it would need to seek external funding, while DBS Group Research downgraded the counter and slashed its target price to S$6.60. SIA shares rose S$0.05, or 0.8 per cent, to trade at S$6.17 as at 9.36am on Friday.
Jardine Strategic Holdings (JSH), Jardine Matheson Holdings (JMH): Bluechip heavyweight JSH fell by 15 per cent on Thursday, while other firms in the Jardine stable took a drubbing to a lesser extent and fell to fresh 52-week lows. Jardine Matheson finished Thursday 7.1 per cent or US$3.56 lower at US$46.66. David Blennerhassett, who publishes on Smartkarma, guesses that sellers of JSH may have got stuck playing the spread between the stock and JMH, which had not worked in their favour. JSH shares rose 8.1 per cent, or US$1.46, to trade at US$19.46 as at 9.52am on Friday. JMH shares also rose 2.4 per cent, or US$1.12, to trade at S$47.8 as at 9.52am on Friday.
Suntec Real Estate Investment Trust (Suntec Reit):…