SG Morning Highlights: Dyna-Mac wins S$180m contract; net order book hits record high of S$641.1m

Good morning mooers! Here are things you need to know about today's Singapore:

●Singapore shares opened lower on Wednesday; STI down 0.07%

●Dyna-Mac wins S$180m contract; net order book hits record high of S$641.1m

●Stocks to watch: SIA, No Signboard, Wilmar, Keppel Corp, Genting, StarHub

-moomoo News SG

Market Trend

Singapore shares opened lower on Wednesday. The $富時新加坡海峽指數(.STI.SG)$ decreased 0.07 per cent to 3,354.57 as at 9:14am.

Advancers / Decliners is 81 to 111, with 226.19 million securities worth S$292.88 million changing hands.

Breaking News

Dyna-Mac wins S$180m contract; net order book hits record high of S$641.1m

DYNA-MAC Holdings, which fabricates topside modules and structures for the offshore oil and gas industry, on Tuesday (May 3) said it obtained a firm contract with a provisional sum of S$180 million from a long-time repeat customer.

The new order win brings the company's net order book to-date to a record high of S$641.1 million, with deliveries stretching into 2024, mainboard-listed Dyna-Mac said in a bourse filing.


Stocks to Watch

$SIA(C6L.SG)$ : The national carrier on Tuesday reported that it would gradually reinstate pilots' basic pay following pandemic-era cuts, with the wage cuts to shrink every quarter until salaries are fully restored by the start of 2023. SIA shares ended 0.4 per cent or S$0.02 higher at S$5.50 on Friday.

$No Signboard(1G6.SG)$ : Restaurant operator No Signboard Holdings has terminated its conditional sale and purchase agreement to sell a 29 per cent stake in the company to Q&M Dental chief executive Ng Chin Siau.

It also terminated its conditional loan agreement to sell a 22 per cent stake in the company to private investor Bryan Lim Soon Fang, the Catalist-listed company said on Tuesday (May 3).

$Wilmar Intl(F34.SG)$ : The agribusiness giant on Friday saw its net profit climb 17.8 per cent to US$530.3 million for the first quarter ended March, on the back of strong performance in the plantation and sugar milling segment. Shares of Wilmar closed S$0.08 or 1.8 per cent higher at S$4.44 on Friday, before the announcement.

$Keppel(BN4.SG)$, $Keppel Reit(K71U.SG)$ : The manager of Keppel Reit on Apr 29 sold S$11.1 million worth of Keppel Reit units, Keppel Corp said in a bourse filing on the same day. This decreased the conglomerate’s interest in the Reit to 46.68 per cent from its previous 46.92 per cent. On Friday, shares of Keppel Corp closed 0.2 per cent or S$0.01 higher at S$6.87, while Keppel Reit units closed 0.8 per cent or S$0.01 lower at S$1.22.

$Genting Sing(G13.SG)$ : The integrated resort operator on Sunday appointed its president and chief operating officer Tan Hee Teck as the company's chief executive officer with immediate effect. Shares of mainboard-listed Genting Singapore closed unchanged at S$0.81 on Friday.

$StarHub(CC3.SG)$ : The mainboard-listed telco's net profit slipped 2.6 per cent to S$29.7 million in Q1 2022, from S$30.5 million a year ago on inflation and higher fuel costs, it said in a bourse filing. StarHub shares closed 1.6 per cent or S$0.02 lower at S$1.26 on Friday.