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Stocks to watch: OCBC, Frasers Property, Straco, ASL Marine, mm2 Asia

Stocks to watch: OCBC, Frasers Property, Straco, ASL Marine, mm2 Asia

By Kim Browne

Culture

The following companies saw new developments that may affect trading of their securities on Friday (Nov 28):

OCBC: Its mobile banking services was fully restored after a two-hour outage on Thursday night. More than 1,400 customers reported issues with the OCBC mobile application such as difficulty logging in, though ATM and card services were unaffected. OCBC said that no customer data was compromised and that customers’ monies were safe during the incident. The counter ended Thursday 0.2 per cent or S$0.04 higher at S$18.27, before the news.

Frasers Property: The company on Friday said that it will redeem S$300 million worth of perpetual securities next year on Jan 17. The securities are part of the company’s S$5 billion multicurrency debt issuance programme. The securities, which have a S$250,000 face value, will be subsequently cancelled and delisted from the Singapore Exchange. Shares of Frasers Property fell 1 per cent or S$0.01 to close at S$1.04 on Thursday.

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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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