In today's fast-paced stock market, investors should keep an eye on corporate announcements to screen out interesting stocks and get an in-depth look at them。Here are four stocks that have recently announced significant business developments。

Conford High

ComfortDelGro Corporation Limited (CDG) is one of the world's largest land transport companies.。The group has a total of 34,000 buses, taxis and rental vehicles, as well as a 210-km rail network in operation and development.。

Last week, CDG announced that its joint venture with Go-Ahead Group, Connecting Stockholm, was awarded an 11-year contract by the Stockholm Public Transport Authority to operate and maintain the Stockholm Metro.。CDG holds 45% stake in Connecting Stockholm。The contract, which starts in May 2025, covers the operation and maintenance of all seven lines of the Stockholm Metro, including 100 stations, six garages and 107 km of track.。

As the designated rail operator, Connecting Stockholm is responsible for customer service, planning and delivery of rail services, and maintenance of fleets, stations and garages.。The contract also provides space for project support if the Stockholm Metro is further developed and expanded in the future.。

Both CDG and Go-Ahead have strong track records in managing sustainable public transport。Go-Ahead Group is the majority owner of Govia Thameslink Railway, the UK's largest rail network, and operates rail operations in Norway and bus services in Sweden.。CDG runs rail services through SBS Transit Ltd and Auckland One Rail in New Zealand。With this contract, the total length of CDG's rail network has been increased to more than 310 km.。

Shengke Industry

Sembcorp Industries Ltd ("SCI") is an energy and urban solutions provider.。The blue-chip group has 20.5 GW of balanced energy mix, which includes 13 GW of wind, solar and energy storage。

SCI has been announcing regular business developments conducive to building the business and advancing its investor day objectives, namely increasing the renewable energy portfolio.。Just last week, the group was awarded a 450 MW wind-solar hybrid project in India.。The self-built and self-transported project is part of a 2 GW winning bid issued by Solar Energy Corporation of India (SECI) to develop wind-solar hybrid projects across India.。

Upon completion of the project, it will be sold to SECI under a 25-year Power Purchase Agreement (PPA).。The project, which is expected to be ready for commercial operation within two years of signing the PPA, will be financed through internal funding and debt.。With this project, SCI's global total installed renewable energy capacity will increase to 13.5 GW, including 473 MW of pending acquisitions。

UMS Holdings

UMS Holdings Ltd ("UMS") provides equipment manufacturing and engineering services to original equipment manufacturers (OEMs) of semiconductors and related products。

Last week, UMS took 1 per share..A private placement of 40 million shares was made at a price of 29 Singapore dollars to raise a net gain of about 49.9 million Singapore dollars.。The distribution price is set at 1.3862 7% discount to the volume-weighted average price of Singapore dollars.。The private placement is designed to strengthen the Group's financial position and enable it to capitalise on growth opportunities.。Three reasons are given - capital expenditures to fund growth, general working capital, and future business development expenditures。

Private placement received strong response from investors, oversubscribed 2.55 times。Due to the downturn in the semiconductor industry, UMS recently released a set of weak performance reports。Revenue for the first nine months of 2023 (9M 2023) fell 17% YoY to 2.26.4 billion Singapore dollars, while net profit fell 46% year-on-year to 44.3 million Singapore dollars。However, the equipment services company reduced its interim dividend from 0.01 Singapore Dollar Raised to 0.012 Singapore Dollar。

Yifeng Group

IFAST Corporation Limited ("IFAST Group") is a financial technology company that provides a platform for the purchase and sale of securities (such as unit trusts, stocks and bonds).。

Last month, the group announced that its Malaysian subsidiary, Bondsupermart, had received approval in principle from the Malaysian Securities Commission to operate the bond market.。This market will be named Bondsupermart and aims to become a centralized exchange for bonds.。Individual investors can actively participate in real-time price discovery and transparency based on supply and demand dynamics。

Yifeng Group's management believes that rising interest rates over the past two years have made bond returns more attractive, thus making this asset class more prominent in investor portfolios。Bondsupermart is expected to start operations in the second half of this year.。