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Stocks to watch: Koh Brothers Eco Engineering, ComfortDelGro, Cromwell E-Reit

Stocks to watch: Koh Brothers Eco Engineering, ComfortDelGro, Cromwell E-Reit

By Swedan Margen

Fashion

THE following companies saw new developments that may affect the trading of their securities on Thursday (Dec 26):

Koh Brothers Eco Engineering: Its wholly owned subsidiary bagged a S$313.9 million contract from the Land Transport Authority to design and construct a bus depot in Lorong Halus. Works will begin on Jan 6, 2025, and are expected to be completed by 2029. With the addition of the bus depot contract, on top of other recently secured orders, the group currently has an order book of about S$899.7 million, said the company on Wednesday. The counter closed 2.3 per cent or S$0.001 higher at S$0.044 on Tuesday.

ComfortDelGro: The land transport operator is among several taxi and ride-hailing operators that will be raising their platform fees from Jan 1, 2025. On Tuesday, ComfortDelGro said the platform fee for its app Zig will be adjusted by S$0.30 to S$0.50, depending on the distance travelled and waiting time. Shares of ComfortDelGro ended S$0.01 or 0.7 per cent down at S$1.44, after the announcement.

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Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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