SG Morning Highlights | Singapore exports narrow fall to less-than-expected 8.3% in March

Singapore shares opened higher on Monday. The $FTSE Singapore Straits Time Index(.STI.SG)$ climbed 0.08 per cent to 3,305.21 as at 9.10 am.

$Keppel(BN4.SG)$ : BN4 0%: Asset Co, the entity majority-owned by external investors after the legal completion of Keppel Offshore and Marine with Sembcorp Marine, is actively engaging clients on potential contracts for its legacy rigs, Keppel Corp announced on Saturday. The company is hopeful that the rigs can be monetised soon amid the improving offshore rig market. Keppel Corp’s shares closed 0.5 per cent or S$0.03 higher at S$5.90 on Friday.

$Far East Orchard(O10.SG)$: O10 0%: The real estate group on Saturday said that it expects its hospitality business to stabilise in the next two years, following a gradual recovery from the Covid-19 pandemic last year. As a part of its operational priority to grow its hospitality portfolio to 25,000 rooms by 2025, the group plans to open five new hotels with over 750 rooms this year. Shares of Far East Orchard closed flat at S$1.04 on Friday.

$ZICO Hldgs(40W.SG)$: 40W 0%: The Catalist-listed professional services company on Friday entered into a conditional placement agreement to raise S$2.7 million. The agreement, for the subscription of an aggregate of 30 million ordinary shares at an issue price of S$0.09 per placement share, will give the placee a 10.6 per cent stake in its enlarged share capital. Zico Holdings' shares closed S$0.001 or 1.47 per cent lower at S$0.067 on Friday before the announcement.

$KWUNGS HOLDINGS(01925.HK)$: 43A 0%: Singapore Exchange Regulation on Friday said that it will look into potential listing-rule breaches by the company, after an independent review flagged lapses in its handling of its branding, operations and procurement business and its directors' fiduciary duties. Shares of GS Holdings closed flat at S$0.115 on Friday before the announcement.