Stocks to watch: Sri Trang Agro-Industry, Sri Trang Gloves, Oiltek International, Aoxin Q&M
THE following companies saw new developments that may affect trading of their securities on Tuesday (Feb 18).
Sri Trang Agro-Industry: The rubber group swung to a net profit of 854.3 million baht (S$34 million) for its fourth quarter ended December, from a net loss of 422 million baht in the previous corresponding period. The group attributed the improvement to higher contributions from its natural rubber and gloves business segments. Shares of Sri Trang Agro-Industry ended Monday flat at S$0.625, before the announcement.
Sri Trang Gloves: The glove maker posted a net profit of 556.7 million baht for the fourth quarter ended Dec 31, 2024, a turnaround from its net loss of 59.9 million baht in the same period the year before. This came as Q4 revenue rose 27.6 per cent to 6.8 billion baht. Sales volume over the same period rose 18 per cent year on year to 10.4 billion pieces. The counter closed flat at S$0.305 on Monday, before the results were released.
Oiltek International: The vegetable and edible oil engineering process company applied to move its listing from the Singapore Exchange Catalist board to the mainboard. The company said that the move would enhance its image both locally and overseas, and that it could result in better liquidity and improved share performance. Shares of Oiltek traded 1.7 per cent or S$0.02 higher at S$1.19 on Monday morning, before the company called for a trading halt. The counter resumes trading on Tuesday.
Aoxin Q&M Dental Group: The Catalist-listed company’s largest shareholder called for an extraordinary general meeting to remove its executive director Ong Siew Hwa. The requisition notice was from Ng Chin Siau, a non-executive and non-independent director of Aoxin, for and on behalf of mainboard-listed Q&M Dental Group, of which Ng is also the founder and group chief executive. Shares of Aoxin closed flat at S$0.042 on Monday.
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