Good morning moomooers! Here are things you need to know about today's Singapore:

• Singapore stocks open lower on Tuesday; STI down 0.1%

• ST Engineering launches largest ever M&A bid of US$2.4 bil for Cubic Corp

• Aztech reports earnings growth of 18% for FY20, declares DPS of 2 cents

• Stocks to watch: Keppel, Parkway Life Reit, AusGroup, Sunpower, CapitaLand, Wilmar

-Moomoo News SG

Market Trend

Singapore shares opened lower on Tuesday despite rallies on Wall Street overnight.

$FTSE Singapore Straits Time Index(.STI.SG)$ slipped 0.1 per cent or 2.79 points to 3,125.29 as at 9.02 am. Gainers outnumbered losers 96 to 33, after 149 million securities worth S$184.5 million changed hands.

Breaking News

ST Engineering launches largest ever M&A bid of US$2.4 bil for Cubic Corp

$ST Engineering(S63.SG)$ is making a US$2.4 billion all-cash bid for Cubic Corporation, a New York-listed provider of intelligent transportation solutions and payment systems. It also provides military communication systems.ST Engineering’s bid, at US$76 per share, trumps a US$70 per share offer earlier tabled on Feb 8 by Veritas Capital and Evergreen Coast Capital Corporation.

Aztech reports earnings growth of 18% for FY20, declares DPS of 2 cents

$Aztech Gbl(8AZ.SG)$ has reported FY2020 ended December 2020 earnings of $55.7 million, representing 18.1% growth y-o-y from $47.2 million previously, translating to earnings per share of 9 cents from 7.62 cents previously.

The higher earnings follow higher revenue for the year, which grew 12.9% y-o-y to $484.3 million, with almost half of that attributable to 4QFY2020, which garnered $222 million in revenue. 

Stocks to watch

$Keppel Corp(BN4.SG)$: On Monday, the conglomerate named Teo Eng Cheong as the chief executive officer (CEO)of the Sino-Singapore Tianjin Eco-City Investment and Development Co, taking over from outgoing CEO Tay Lim Heng with effect from June 1, 2021. Shares of Keppel Corp closed at S$5.22 on Monday, up S$0.07 or 1.4 per cent.

$ParkwayLife Reit(C2PU.SG)$: The manager of the healthcare trust has termed out its maturing debts with the pricing of 3.3 billion yen(S$41.3 million) 0.51 per cent six-year senior unsecured fixed rate notes due 2027. The notes issue is expected to complete on March 29, 2021 and the proceeds will be used to repurchase an earlier March 29, 2016 issuance of 3.3 billion yen. Units of Parkway Life closed flat at S$4.18 on Monday, before the announcement.

$AusGroup(5GJ.SG)$: AusGroup on Monday announced that its subsidiary AGC Industries has won a "significant" maintenance master contract by Chevron Australia. The contract is expected to boost its order book to more than A$1 billion (S$1.04 billion). Sunpower Group on Monday also said it has secured and is executing a manufacturing and services contract worth about 180 million yuan (S$37 million) for an existing customer in the polycrystalline silicon industry. On Monday, AusGroup shares closed at 3.3 Singapore cents, up 6.5 per cent or 0.2 cent, while Sunpower's shares closed at 79.5 cents, down 0.6 per cent or half a cent.

$CapitaLand(C31.SG)$: The real estate behemoth announced on Monday a proposed overhaul that will see the group split itself into two. The real estate development business will be placed under private ownership, while the investment management platforms and lodging arm will be consolidated into a newly-created listed entity. Shares of CapitaLand, which were halted from trading on Monday, closed flat on Friday at S$3.31.

$Wilmar Intl(F34.SG)$: The agribusiness group on Monday said, in reference to recent media reports on the proposed listing of its 50 per cent owned Indian joint venture Adani Wilmar, that it "regularly evaluates all opportunities across its various businesseswith the objective of enhancing shareholder value". Wilmar's shares rose 2.3 per cent or S$0.12 to close at S$5.39 on Monday, before its announcement.

$ST Engineering(S63.SG)$: On Monday, the group said it has delivered to the board of New York-listed Cubic Corporation a proposal to acquire all its outstanding stock at US$76 per sharein cash. Prior to the announcement, shares of ST Engineering fell 0.3 per cent or S$0.01 to close at S$3.85 on Monday.

$OUE(LJ3.SG)$: The Catalist-listed group was informed on Monday by the receivers of Healthcare Solution Investment that the Wuxi Intermediate Court has accepted Weixin Hospital Investment Management (Shanghai) Co's applicationto withdraw its appeal over a land-litigation matter. OUE Lippo Healthcare's shares closed flat on Monday at 3.9 Singapore cents, before the announcement.