Stocks to watch: Datapulse, ST Engineering, NeraTel

The Singapore Exchange Centre along Shenton Way.
The Singapore Exchange Centre along Shenton Way.PHOTO: ST FILE

SINGAPORE - The following companies saw new developments that may affect trading of their shares on Tuesday (July 17):

Datapulse Technology: Datapulse on Monday said it has entered into a non-binding letter of intent with ICP Ltd to acquire MHI MY 1 Pte Ltd, a joint-venture company with an issued and paid-up share capital of $1,500, and which is in the business of hotel investment. The target subsidiary, through its wholly owned Malaysian subsidiary, owns a mid-scale hotel in Kuala Lumpur, operating under the brand "Geo Hotel Kuala Lumpur".

ST Engineering: Singapore Technologies Engineering (ST Engineering) on Monday announced that its aerospace sector has secured new contracts worth about $510 million in the second quarter of 2018 for services ranging from heavy maintenance to engine wash and aircraft interior reconfiguration.

NeraTel: IT infrastructure provider Nera Telecommunications (NeraTel) on Monday announced contract and purchase orders worth about $11.7 million. This comprises deals for the provision of microwave links for a government entity in the Middle East, worth $8.5 million, and provision of Internet service infrastructure for a service provider in South-east Asia, worth $3.2 million.