Stocks to Watch on Monday | Lianhe Zaobao

At the end of the year, trading is slow, but the U.S. stock market is still hovering near historical highs, driven by the rise of technology stocks like NVIDIA. The Nasdaq index fell slightly by 0.09% last Friday (December 26), the S&P 500 index dropped 0.03%, but still maintained its historical high, while the Dow Jones Industrial Average also declined by 0.04%. The Straits Times Index closed down slightly by 0.19 points last Friday, closing at 4636.15 points. Analysts believe that in this short trading week, the market is expected to continue to consolidate sideways. Investors will also pay special attention to the minutes of the Federal Reserve's December FOMC meeting to understand the direction of future easing policies. Here are the stocks to watch on Monday (29th): OKP Holdings announced before the market opened that it has received in-principle approval from the Singapore Exchange to distribute up to 231.3 million bonus shares, issuing new shares to shareholders at a ratio of 3 new units for every 4 units held, as a reward to shareholders. The company's stock price closed at SGD 1.24 last Friday (26th), down 1.59%. OceanScape International (formerly known as Siten Holdings V2Y), listed on the Kelly Board, announced before the market opened that its third-quarter results for the period ending in September showed that the group recorded no revenue for the quarter, with losses further widening to SGD 425,000. Revenue for the first nine months was SGD 608,000, with net losses widening to SGD 1.079 million. The losses were mainly due to rising administrative and financial costs, as well as the sale of its food and beverage segment in April this year. Further Reading The Sea Index rose 1.45% in a week; analysts expect a sideways trend this week U.S. stocks see light trading at year-end; S&P 500 index achieves its best weekly performance in a month The company's stock has been suspended from trading since last Wednesday (24th), closing at 0.007 yuan. One of the largest local real estate developers, Far East Organization, has increased its stake in Banyan Tree from 6.93% to 7.14%. According to a statement released by Banyan Tree last Saturday (27th) early morning, the local real estate tycoons, brothers Huang Zhixiang and Huang Zhida, through their company Goodview Properties, purchased 1,825,800 shares of Banyan Tree on the open market on December 23rd, for a total amount of 1,122,867 yuan, equivalent to an average of 0.615 yuan per share. The Huang brothers became significant shareholders of Banyan Tree in August 2021, with a shareholding ratio reaching 5%. Banyan Tree's stock price fell 0.81% to 0.61 yuan last Friday. Samudera Shipping Line has signed a subscription agreement to subscribe for unsecured convertible notes worth 7.3 million yuan from local container yard operator EKH. Samudera stated in a document filed with the Singapore Exchange last Friday (December 26th) that EKH is a leading local container yard operator, providing container support services for the logistics and infrastructure sectors in Southeast Asia and China. EKH operates 19 container yards across 10 regions. The company noted that this subscription allows it to share in the growth of the container logistics sector. "Container yard operations are an indispensable part of the shipping supply chain. The board believes that this subscription aligns with the overall interests of the company and its shareholders." Samudera's stock price closed at 1.10 yuan last Friday, up 5.77%