Stocks to watch: UOB, Jardine C&C, Capital World, NauticAWT, Y Ventures, KLW

THE following companies saw new developments that may affect trading of their shares on Thursday:

United Overseas Bank: UOB has priced S$750 million of 3.58 per cent perpetual capital securities at an initial spread of 1.795 per cent above the rate of the then 7-year SGD Swap Offer Rate . The securities are issued under its US$15 billion global medium term note programme. They are expected to be rated Baa1 by Moody's Investors Service, BBB- by Standard & Poor’s Rating Services and BBB by Fitch Ratings. UOB shares closed up S$0.19 or 0.7 per cent at S$26.41 on Wednesday.

to take over Alex Newbigging, who is stepping down after more than seven years at the helm. Mr Newbigging relinquishes his role on Sept 30 and will become the chief executive officer of Jardine International Motors in Hong Kong from Oct 1. JIM is a subsidiary of Jardine Matheson Holdings, which is also a significant shareholder of Jardine C&C. JIM provides automotive specialist services to the group. Jardine C&C shares closed at S$36.25 on Wednesday, up 11 Singapore cents or 0.

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