Stocks to watch: StarHub, Olam, CapitaLand Investment, Mapletree Logistics Trust, ComfortDelGro

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Aug 14):

StarHub: The telco on Thursday reported a net profit of S$47.9 million for the first half ended Jun 30, 2025, sliding 41.7 per cent from S$82.1 million in the corresponding year-ago period. The drop included a one-off forfeiture payment of S$14.1 million for the return of certain spectrum rights. A more aggressive consumer market stance means StarHub’s earnings before interest, taxes, depreciation and amortisation outlook for the financial year of 2025 has been revised down to 88 to 92 per cent of the 2024 figures. However, it still declared an interim dividend of S$0.03 per ordinary share for H1. Shares of StarHub closed up 0.85 per cent, or S$0.01, at S$1.19, before the announcement. 

Olam Group: The agri-business giant posted a 573.2 per cent rise in net profit to S$323.8 million for its first half year ended Jun 30, from S$48.1 million in the previous corresponding period, based on its financials released on Thursday. This includes profit from continuing operations of S$177.4 million, as compared to a new loss of S$91.9 million in the same period last year. The departing unit Olam Agri registered a net profit of S$146.4 million, up 4.6 per cent from S$140 million from H1 2024. Shares of Olam closed up 1 per cent, or S$0.01, at S$1.05 on Wednesday.

CapitaLand Investment (CLI): The group on Thursday posted net profit of S$287 million for H1 ended Jun 30, 2025, 13 per cent down from S$331 million in the year-ago period. Revenue for the period fell 24 per cent to S$1.04 billion, from S$1.37 billion. The declines were partly due to the deconsolidation of CapitaLand Ascott Trust, which is no longer a CLI subsidiary, alongside loss of contributions from divested assets in the US and China. Shares of CLI finished Wednesday 2.5 per cent or S$0.07 higher at S$2.82.

Mapletree Logistics Trust (MLT): The manager on the trust announced on Wednesday that it is set to divest its logistics asset in the Australian state of Victoria for A$60 million (S$50.4 million) to an unrelated third party. The property is located in Barnawartha North, and is directly accessible to Melbourne, Sydney, Canberra and Adelaide. It is a single-storey facility with a gross lettable area of around 57,440 square metres. The net sale price of A$60 million is 7.1 per cent above the latest valuation of A$56 million as at Mar 31, 2025, and will be satisfied in cash. Units of MLT closed 0.9 per cent or S$0.01 higher at S$1.16 before the announcement.

ComfortDelGro: The transport operator on Wednesday posted a 11.2 per cent rise in earnings for the first half of 2025 to S$106 million, from S$95.3 million in the same period a year before. Its H1 revenue increased by 14.4 per cent to S$2.4 billion, from S$2.1 billion in the year prior, in light of contributions from its overseas revenue, which contributed more than half of its total revenue for the first time. An interim dividend of S$0.0391 per share was declared by the board, to be paid on Aug 28. The counter closed up 0.6 per cent or S$0.01 at S$1.58 before the announcement.

Food Empire: The F&B manufacturing and distribution group on Wednesday reported a net loss of US$1.5 million for the first half-year ended Jun 30. This is a result of a US$32.6 million fair value loss on redeemable exchangeable notes issued by the group, as its share price rose significantly from the level at which the notes can be exchanged for shares. The group however declared its first-ever interim dividend of S$0.03 per share for the first time “as a demonstration of strong business confidence”, and will be paid out on Sept 10. Shares of Food Empire closed flat at S$2.40 before the news.

Sasseur Reit: The manager of the Reit on Thursday said that its distribution per unit for the second quarter of FY2025 fell 3.1 per cent to S$0.03055, from S$0.03153 in the same period a year prior. Rental income under the Reit’s entrusted management agreement (EMA) model stood at 336.2 million Chinese yuan in H1 2025, up 2.2 per cent year on year, underpinned by a solid rebound in second quarter sales. In Singapore dollar terms, EMA rental income declined 1.6 per cent year on year to S$61.3 million, primarily due to the 3.7 per cent year on year depreciation of the Chinese yuan. Distributable income stood at S$42.4 million for the period, down 0.6 per cent from S$42.7 miilion in H1 2024. Units of Sasseur Reit ended Wednesday 0.7 per cent or S$0.005 up at S$0.695 before the results release.

Nanofilm Technologies: The company on Wednesday reported a net profit of S$1.6 million for the first half of the year, reversing from a net loss of S$3.7 million in the same year-ago period. Revenue increased by 29.6 per cent to S$107.2 million for the six months ended Jun 30, up from S$82.6 million the year before. This performance was led by the group’s advanced materials and industrial equipment business units. The counter closed flat at S$0.755 before the announcement.

AEM Holdings: The semiconductor test-equipment maker on Wednesday posted a 245 per cent increase in net profit to S$3.1 million for the half-year ended Jun 30, from S$895,000 the year prior. Revenue for the period rose 10 per cent year on year to S$190.3 million, up from S$173.6 million previously. The increase was driven by a higher volume of sales to its anchor customer, as well as the pull-in of orders from other clients, according to the group. Shares of AEM closed flat at S$1.53 on Wednesday, before the results were announced.