SG Morning Highlights: ComfortDelGro to invest S$30m in autonomous vehicles

-Moomoo News SG

Market Trend
Singapore shares opened higher on Thursday. The $FTSE Singapore Straits Time Index (.STI.SG)$ decreased 0.03 per cent to 3,441.42 as at 9.08am.

Advancers / Decliners is 71 to 66, with 83.51 million securities worth S$98.38 million changing hands.

Breaking News
ComfortDelGro to invest S$30m in autonomous vehicles

ComfortDelGro will be investing S$30 million in the research and development of autonomous driving capabilities over the next 5 years.

This research and development unit, known as Autonomous Vehicles Centre of Excellence, was set up through its S$100 million venture capital fund, said the transport company in a media statement on Wednesday (Mar 30).

Stocks to Watch
$LHN (41O.SG)$ : LHN Logistics on Wednesday as its parent company, property player LHN, seeks its spin-off and listing on the Catalist board of the Singapore Exchange. Part of the gross proceeds raised from the placement will go towards the logistics-services group's plans to increase its scale of operations by growing its transportation fleet. Shares of LHN closed up 9.1 per cent or S$0.03 at S$0.36 before the announcement on Wednesday.

$AsiaMedic (505.SG)$ : The health screening and medical imaging company on Wednesday said it has appointed Arifin Kosumo Kwek Zhi Bin as its . Kwek, 49, is currently the managing director of Lifescan Imaging and Lifescan Medical, which also does health screening and imaging, under the Singapore Medical Group. Shares of AsiaMedic closed unchanged at S$0.013 before the announcement on Wednesday evening.

$SingPost (S08.SG)$ : The postal services company said in a bourse filing on Wednesday evening that it will be issuing S$250 million in perpetual securities with an initial distribution rate of 4.35 per cent per annum for the first 5 years. These are expected to be issued on Apr 6 this year with no fixed redemption date. The money raised from the sale will be used for SingPost's general corporate purposes, including the refinancing of its existing borrowings. Shares of SingPost rose 0.8 per cent, or S$0.005 at S$0.66 on Wednesday, before the announcement.

$Hatten Land (PH0.SG)$ : Its subsidiary Hatten Edge has entered into an agreement with a new business partner which will allow the addition of up to 550 crypto mining rigs to Hatten Land's crypto mining facilities in Melaka, announced the group on Thursday. The first 50 sets are targeted to be delivered as pilot batch machines by end-April, with an option to deliver an additional 500 rigs in 2022. Shares of Catalist-listed Hatten Land closed Wednesday flat at S$0.043.

$SMI Vantage - watch list (Y45.SG)$ : The watch-listed company on Wednesday said it has in Melaka, and is on track to complete the installation of 3,100 of these machines in South-east Asia by end-May. Shares of SMI Vantage closed down 3.3 per cent or S$0.002 at S$0.058 before the announcement on Wednesday.