Stocks to Watch on Monday | Lianhe Zaobao

In December last year, the number of new jobs in the United States was lower than market expectations; the unemployment rate reached 4.4%, a slight decrease of 0.1 percentage points from the previous month. The employment data was lukewarm, and the market expected the Federal Reserve to pause interest rate cuts. The three major U.S. stock indexes rose against the trend last Friday (January 9). At the close, the Dow Jones Industrial Average rose 0.48%, the S&P 500 index increased by 0.65%, approaching the 7000-point mark; the Nasdaq index rose 0.81%. In the local stock market, the Straits Times Index closed last Friday up 5.59 points or 0.12%, ending at 4744.66 points. Here are the stocks to watch on Monday (12th): Rex International announced before the market opened that its indirect subsidiary Akrake Petroleum is expected to commence production at the Sèmè oil field in Benin, West Africa, by the end of January this year, provided that the drilling of one of the production wells is successfully completed, with drilling work expected to start in the week of January 12. Meanwhile, the company's Mobile Offshore Production Unit (MOPU) and Floating Storage and Offloading Unit (FSO) have completed upgrades and are in place, ready for production. Rex International closed last Friday at SGD 0.138, up 0.73%. Stoneweg Europe Stapled Trust announced before the market opened the appointment of Kuan Li Li as an independent non-executive director, effective immediately. The announcement stated that Kuan Li Li has over 40 years of leadership experience across finance, banking, asset management, insurance, real estate, and telecommunications. She possesses deep expertise in corporate governance, enterprise risk management, financial control, legal, tax, and finance. She previously served as the CEO and COO of Barclays Bank Singapore and held senior positions at DBS Bank, HSBC Singapore, and PwC Singapore. Additionally, the current chair of the Audit and Risk Committee, Fang Ai Lian, will retire, and Kuan Li Li will take over as chair of the Audit and Risk Committee after a transition period. Stoneweg Europe Stapled Trust rose 1.97% to SGD 2.59 last Friday. Nam Lee announced last Friday evening the dismissal of its chairman and executive director, Yong Li Yuen. The announcement stated that the 55-year-old Yong Li Yuen is no longer the chairman and executive director effective immediately; she has held the position since October 2020. The company did not disclose the specific reasons for the dismissal, only stating it was the result of a "general resolution by shareholders at a special general meeting," and did not disclose the appointment of a successor. The company's stock price rose 3.13% to SGD 0.66 last Friday. Coffee chain operator Kimly has completed the acquisition of 100% of GSPL for SGD 11.8 million. GSPL owns a two-story shophouse located in Block 12 Haig Road, with a coffee shop on the first floor and a three-bedroom apartment unit on the second floor According to previous announcements from Jinwei, the coffee shop is operated by its subsidiary Kedai Kopi, while GSPL's main income comes from the rent paid by Kedai Kopi. As of the end of March 2025, GSPL's unaudited net profit for the six months was 22,500 yuan. Jinwei's stock price remained stable at 0.395 yuan last Friday. The commercial interior decoration and mechanical, electrical, and plumbing (MEP) engineering company Attika Group announced last Friday that it has secured two interior renovation contracts worth a total of 38 million yuan. The largest contract, valued at 36 million yuan, is for the renovation of a 20-story commercial office building, expected to be completed by mid-2027; the other smaller contract, worth 2 million yuan, is expected to be completed in April this year. The company noted that the new contracts will contribute to its finances over the next two years. The company's stock price closed at 0.415 yuan, unchanged