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Stocks to watch: Olam, SIIC Environment, Frasers Hospitality, MindChamps, OCBC

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Stocks to watch: Olam, SIIC Environment, Frasers Hospitality, MindChamps, OCBCBank

Olam Internationalof its onion and garlic processing facility in California to Chicago-based investment management firm, Mesirow Financial, for US$110.3 million as part of its strategic plan, the food and agri-business firm said on Tuesday. Olam shares closed at S$1.82 on Monday, down 0.55 per cent, or one Singapore cent.in Shanghai with an expected investment of around 3.04 billion yuan . The project's total designed waste treatment capacity is expected to be 3,800 tonnes per day.

Environment shares closed at 26 Singapore cents on Monday, down 0.5 cent or 1.9 per cent., while affirming its Baa2 issuer ratings. Moody's has also affirmed the provisional Baa2 backed senior unsecured rating on the S$1 billion multicurrency medium-term securities programme issued by FHT's wholly-owned subsidiary FH-REIT Treasury, and the Baa2 ratings on the backed senior unsecured notes issued under the programme. FHT units closed unchanged at S$0.705 on Monday.

 

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