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Stocks to watch: SembMarine, Rex, Olam, Parkson Retail Asia, Jubilee Industries, Hock Lian Seng

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Sembcorp Marine to carry out redevelopment work at two fields, it said in a bourse filing on Thursday. The first contract will see it working with its customer North Oil Company to fabricate two well-head platforms for the NOC-operated Al Shaheen oil field in Qatar. For its second contract, SembMarine will fabricate certain platforms and bridges in the Danish North Sea for Total E&P Danmark. Shares of SembMarine closed unchanged at S$1.28 on Tuesday.

Rex Oman will subscribe for 29,015 preference shares, Schroder for 6,354 preference shares and Mr Pringle for 210 preference shares - all at an issue price of US$477.70 apiece. Rex shares closed at S$0.189 on Tuesday, up 0.3 Singapore cent or 1.6 per cent.from divesting part of its stake in a Gabon joint venture, it said on Tuesday.

 

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