Stocks to watch: ST Engineering, Nio, Yangzijiang Shipbuilding, China Everbright Water
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On April 2, ST Engineering announced a S$600 million subcontract with Abu Dhabi Ship Building for platform systems for missile gun boats for the Kuwait Naval Force, leading to a 2.7% rise in its shares to S$11.10. Meanwhile, Nio reported a 136% increase in March vehicle deliveries, with cumulative deliveries reaching 1.1 million units, resulting in a 9.4% increase in its share price to US$6.06.
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