Stocks to Watch on Friday | Lianhe Zaobao

The U.S. stock market was closed on Thursday (November 27) for the Thanksgiving holiday and will resume half-day trading on Friday (28). Futures for Asia-Pacific stock indices indicate slight declines in the Japanese, Hong Kong, and Australian markets on Friday. Nevertheless, global stock markets continue to maintain their best weekly performance since June. The main driving force comes from investors' firm expectations of a rate cut by the U.S. Federal Reserve next month, with a tendency for multiple rate cuts to be announced next year. With expectations for rate cuts continuing to heat up, the FTSE Straits Times Index rose slightly by 7.78 points, or 0.17%, closing at 4509.34 points on Thursday. Here are the stocks to watch on Friday (November 28): Frasers Property disclosed before the market opened that its wholly-owned subsidiary Frasers Property Treasury will redeem all of its issued SGD 300 million fixed-rate subordinated perpetual securities on January 17, 2026, with the redemption price including accrued dividends. Since January 17 next year is a non-working day, the redemption amount will be paid on the next business day (19th) and the perpetual securities will be canceled thereafter. No additional interest or other amounts will be paid during the delayed payment period. Frasers Property's stock price fell 0.95% to SGD 1.04 on Thursday. Digilife Technologies announced before the market opened that its wholly-owned subsidiary Peremex has reached an agreement with subscribers to extend the long stop date of the subscription agreement to January 31, 2026. Peremex intends to sell its entire stake in Bharat IT Services. The company's stock price closed at SGD 0.50 on Thursday, unchanged. ASL Marine Holdings announced after the market closed on Thursday that its net profit for the first quarter of fiscal year 2026 soared 1560% year-on-year to SGD 8.3 million, with revenue also increasing by 12.1% to SGD 94.2 million. This was mainly due to an increase in shipbuilding and repair projects, while the group continued to promote deleveraging, reducing financial costs by approximately SGD 4 million. ASL Marine's stock price rose 4.08% to SGD 0.26 at market close. Enviro-Hub Holdings announced that the non-binding letter of intent regarding the sale of its wholly-owned subsidiaries HLS Environmental and HLS Property with a potential buyer was terminated on November 26. The SGD 500,000 deposit previously paid by the buyer will be fully retained by the company. This termination will not affect the fiscal year ending this year. The company's stock price rose 3.57% to SGD 0.029 on Thursday. OKP Holdings announced plans to distribute up to 231.3 million bonus shares, offering three new shares for every four shares held to shareholders The dividend shares will be issued at zero consideration, and there is no need to use the company's reserve funds. The company stated that the purpose of this action is to reward shareholders and enhance the trading liquidity of the company's stock. If fully issued, the company's share capital will expand from the current over 380 million shares to approximately 540 million shares. The company's stock price closed at 1.06 yuan, up 0.95%