Stocks to watch: SMRT, Sembmarine, Yoma, United Envirotech, UniFiber, DBS, Stocks - THE BUSINESS TIMES

Stocks to watch: SMRT, Sembmarine, Yoma, United Envirotech, UniFiber, DBS, Stocks - THE BUSINESS TIMES:

Here are several stocks to watch, given the latest news events:



1. SMRT Corp which said on Monday that it has decided not to make a bid at this stage to acquire British taxi company, Addison Lee.



It was responding to reports that SMRT was considering a takeover bid for Addison Lee. Britain's Sky News had reported that the Singapore transport operator was in the early stages of making an offer of £800 million (S$1.6 billion) for the taxi company.



SMRT said it was approached by an investment bank on the possible sale of Addison Lee, but after considering the matter, it decided against making a bid at this point.



2. Sembcorp Marine (Sembmarine) which announced a US$696 million contract to convert a shuttle tanker into a floating, production, storage and offloading (FPSO) vessel for OOGTK Libra GmbH & Co KG, a joint venture between Brazil's Odebrecht Oil & Gas and Teekay Offshore.



This brings Sembmarine's new contracts secured year-to-date to S$3.7 billion.



3. Yoma Strategic which has teamed up with New York-listed Yum! Brands to bring the first KFC restaurant to Myanmar in 2015, with Yoma as its franchise partner.



Yoma said this is an important step to achieving its goal towards being a key player in the country's food and beverage sector.



4. United Envirotech on Friday evening said it has agreed to take a 49 per cent stake in a joint venture to carry out an initial 1.5 billion yuan (S$311 million) worth of projects in western China.



Its joint venture partner is Chengdu Xingrong Investment Co, which takes the remaining 51 per cent.



The JV will provide engineering, procurement and construction using United Envirotech's membrane technology and products.



5. United Fiber System (UniFiber) after its auditors refrained from expressing an opinion on its interim consolidated financial statements. The financial statements for the period ended June 30, 2014, were prepared in connection with its proposed acquisition of Jakarta-listed coal miner PT Golden Energy Mines (Gems) through a reverse takeover.



UniFiber's directors, however, said the firm is able to settle its debt. This is assuming its proposed acquisition of Gems is successful - with the help of a planned compliance share placement, as well as a further issuance of bonds and shares if the acquisition and compliance share placement go through.



6. DBS Bank which has joined the World Bank's Global Infrastructure Facility (GIF) as an advisory partner. Launched on Thursday in Washington, the GIF aims to catalyse and mobilise private-sector investment in infrastructure projects in emerging markets.



As an advisory partner, DBS will offer advice on project preparation, optimal approaches to financial structuring and the design and use of risk instruments to ensure the suitability of emerging-market infrastructure projects for commercial or institutional investment.

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