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

• Stocks rise at Monday's open; STI up 0.3%

• Addvalue bags contract to supply connectivity solutions to Chinese fishing ships

• Stocks to watch: Addvalue, Mapletree NAC Trust, Keppel, Lian Beng, KSH, mm2 Asia

-Moomoo News SG

Market Trend

Singapore shares opened higher on Monday, tracking gains on Wall Street. $FTSE Singapore Straits Time Index(.STI.SG)$ gained 0.3 per cent or 9.64 points to 3,188.19 as at 9.01am. Gainers outnumbered losers 101 to 43, with 66.4 million securities worth S$42.7 million changing hands.

$Addvalue Tech(A31.SG)$ was the most actively traded counter by volume with 10.3 million shares worth S$230,000 traded within the first minute of market open. Its shares were trading flat at 2.2 Singapore cents.

Losers/gainers is 187/ 119, after 479.44 million securities worth S$277.75 million changed hands.

Breaking News

Addvalue bags contract to supply connectivity solutions to Chinese fishing ships

A subsidiary of Addvalue Technologies will supply satellite communication solutions to more than 1,000 Chinese fishing vessels, the mainboard-listed firm said on Monday.

The communications technology products developer bagged a contract with CTTIC Shanghai to supply its Addvalue iFleetONE-VMS Terminal to the ships. The agreement follows an earlier contract signed with CTTIC Shanghai in August 2020 to roll out 100 units of the terminals.

Stocks to watch

$Mapletree NAC Tr(RW0U.SG)$: The real estate investment trust (Reit) on Friday entered into an agreement to buy a 98.47 per cent stake in a freehold single-tenanted office building in Tokyo, which is currently 100 per cent leased to Hewlett-Packard Japan, for 38.8 billion yen (S$467.3 million). A balance effective interest of 1.53 per cent in the property will be held by an indirect wholly-owned subsidiary of the Reit's sponsor. Its units rose 1 per cent to S$1.03 on Friday, before the announcement was made.

$Keppel Corp(BN4.SG)$: A unit of Keppel Land is buying 60 per cent of Phuoc Kien Construction Investment Joint Stock Company for about S$21.6 million, announced the group on Sunday. This will allow Keppel's unit - VN Prosperity - to jointly develop a landed housing project in the Nha Be District of Ho Chi Minh City, Vietnam. Shares of Keppel closed on Friday up S$0.04 or 0.8 per cent at S$5.36.

$Lian Beng(L03.SG)$, $SLB Dev(1J0.SG)$: After being granted a one-year extension in April 2019, the property player has again asked for more time to sell its assets that are in competition with its spin-off SLB Development. The Singapore Exchange said it has "no objections" to granting an extension, subject to several conditions. SLB shares closed flat at 12.5 Singapore cents, while Lian Beng shares closed S$0.01 or 2.1 per cent higher at S$0.48 on Friday, before the news.

$KSH(ER0.SG)$: Dragged by an over 30 per cent drop in its construction business and impairment loss on hotels and investment properties, the mainboard-listed property firm reported a loss of S$3.8 million for the financial year 2021, versus net earnings of S$15.8 million for the previous year. KSH shares ended unchanged at 35.5 Singapore cents on Friday, before the financial results were released.

$MM2 Asia(1B0.SG)$: The entertainment group posted a net loss of S$92.7 million for its financial year ended March 31, 2021compared to a net profit of S$3.3 million for FY2020. Its major businesses in movie-making and film distributions had taken a severe beating from the Covid-19 pandemic, the company said in a bourse filing. mm2 Asia shares fell 0.1 Singapore cent, or 1.6 per cent to close at 6.2 cents on Friday, ahead of its announcement on Saturday.

$Valuetronics(BN2.SG)$: The electronics manufacturing services provider on Saturday reported a 4.6 per cent year-on-year increase in net profit to HK$187.1 million (S$31.9 million) for the financial year ended March 31, 2021. Based on its results, the company is recommending a final dividend of HK$0.16 per share. Shares of Valuetronics closed up Singapore 1.5 cents or 2.4 per cent at 64 cents on Friday.

$Q&M Dental(QC7.SG)$: The company will not proceed to set up a surgical mask manufacturing company with partners, as announced more than a year ago. This is after it and its partners failed to meet definitive terms under a non-binding memorandum of understanding as made public on March 11, 2020, Q&M Dental said in a regulatory filing on Saturday. Prior to the announcement, shares of Q&M Dental closed on Friday at 67.5 Singapore cents, down half a cent or 0.7 per cent.

$ComfortDelGro(C52.SG)$: BlackRock is now deemed its substantial shareholder after its purchase of 5.2 million shares on Thursday bumped its shareholding from 4.76 per cent to 5 per cent. Through various subsidiaries, the US-based asset manager now effectively holds 108.4 million shares in the company, said ComfortDelGro in a bourse filing on Friday. Prior to this announcement, shares in ComfortDelGro closed at S$1.68 on Friday, up S$0.02 or 1.2 per cent.

Trading halts: $Dutech(CZ4.SG)$ and $CFM(5EB.SG)$ on Monday requested trading halts, pending the release of announcements.