Stocks to watch: Healthway Medical, NutryFarm, UOB, Starhill Global Reit

Michelle Zhu

Published Tue, Sep 7, 2021 · 08:27 AM

THE following companies saw new developments that may affect trading of their securities on Tuesday:

Healthway Medical Corporation: 5NG The Catalist-listed medical services provider on Tuesday said it will begin administering the Sinopharm Covid-19 vaccine at three clinics from Sept 8, with plans to progressively roll out the vaccine to more of its clinics in in the coming weeks. Through a sponsorship by OUE Limited, both doses of the vaccine will also be made free of charge for the first 1,000 seniors aged 60 and above. Shares of Healthway Medical closed 0.1 Singapore cent or 2.9 per cent lower at 3.3 cents on Monday.

NutryFarm International: AZT The mainboard-listed durian distributor has bagged a 130 million yuan (S$27 million) sales order for the export of 200 containers of durians from Thailand to China. It entered into a binding purchasing contract with a subsidiary of Anhui Import and Export Co - a provincial-level foreign trade enterprise in China, for the delivery of the durians to Moonda Agriculture Science and Technology. Shares of NutryFarm ended 4.1 per cent or 1.5 Singapore cents higher at 38 cents on Monday, before the announcement.

UOB: U11The bank's wholly-owned subsidiaries in China and Indonesia have secured licences to be appointed cross-currency dealers for the yuan and rupiah, UOB on Monday said in a statement. With these licenses UOB China and UOB Indonesia can open offshore accounts in rupiah and yuan, respectively. They will also be able to offer cross-currency exchange, financing, swaps and forwards in the currency pair to its corporate and institutional clients in the two markets. Shares of UOB ended Monday up S$0.26 or 1 per cent at S$25.82, after the news was released.

Starhill Global Reit: P40U The retail real estate investment trust (Reit) has priced S$125 million notes with a fixed interest rate of 2.23 per cent per annum due 2028, to be issued under its S$2 billion multi-currency debt issuance programme. Its manager said in a bourse filing on Monday that net proceeds from the notes will be used to refinance existing borrowings, meet capital expenditure requirements, or for working capital purposes. Units of the Reit ended S$0.01 or 1.6 per cent lower at S$0.63 on Monday, before the announcement was made.