Vard

Vard: formerly known as STX OSV, the counter commences trading under the new trading name Vard wef today. Separately, OCBC quizzed mgt on the 4% fall in its share price last Friday, though mgt replied that it is equally baffled and has not seen any negative developments which could have triggered such a sell-off. If anything, mgt is now more excited about the new majority shareholder and the opportunities they would bring. OCBC currently has a Buy rating with TP $1.52, and will provide further updates together with its 1Q results due 14 May.