Stocks to watch: Nutryfarm, Starhill Global Reit, Chip Eng Seng, First Reit, CDW

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THE following companies saw new developments that may affect trading of their securities on Tuesday: Read more at The Business Times.

CDW Holding Limited: The precision components specialist on Monday said its sales of automotive digital instrument panels of at least 10 inches in size grew over nine times since January this year, or at a compounded rate of 23.3 per cent each month. This came as carmakers in Germany and the US increasingly adopt fully digital dashboards for higher-end automobile models. CDW shares closed flat at S$0.20 on Monday.

Koh Brothers: Following the lifting of the 25 per cent reduction in maximum passenger capacity for transportation provided by employers, Koh Brothers is expecting a slight reduction in transportation costs as fewer trips will be needed to transport its workers to and from worksites. The construction engineering firm's shares closed flat at S$0.17 on Monday.

Y Ventures Group: The Catalist-listed company said on Monday after market close that it has completed its placement of 12 million new shares at seven Singapore cents apiece. The placement shares are expected to be listed on the Singapore Exchange on Wednesday at 9am. Y Ventures tumbled 3.4 per cent or 0.3 cent to end at 8.6 cents.

Leader Environmental Technologies : The China-based investment holding company has appointed environmental scientist Lin Yucheng as its chief executive officer and executive chairman from Jan 1. In a Monday filing, the company said its current executive chairman and chief executive Lin Baiyin will step down and will remain an executive director of the company. LET shares gained 0.2 Singapore cent or 4.4 per cent to close at 4.8 cents on Monday.

SBS Transit: The rail operator on Monday evening announced a signalling fault on its Downtown Line, delaying travel for commuters between the Expo and Geylang Bahru stations by about 20 minutes. It marks the second major signalling fault along an MRT line this month after train services along the Thomson-East Coast Line were disrupted for five hours because of a software glitch in the signalling system's network component. Shares of SBS Transit were S$0.02 or 0.7 per cent higher at S$3.

 

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