Stocks to watch: ST Engineering, CLI, Yangzijiang Shipbuilding, Sembcorp, Golden-Agri
THE following companies saw new developments that may affect trading of their securities on Friday (Feb 27).
ST Engineering: The defence and engineering group on Thursday reported a net profit of S$365.7 million for the second half ended Dec 31, up 19.6 per cent from S$305.9 million in the previous corresponding period. Revenue rose 9.9 per cent to S$5.8 billion from S$5.2 billion, driven mainly by the defence and public security, as well as commercial aerospace segments. The board proposed a final dividend of S$0.05 per share, up from S$0.04 per share in the previous year. Shares of ST Engineering closed flat at S$5.06 on Wednesday.
CapitaLand Investment (CLI): The group on Thursday posted a net profit of S$148 million for the second half ended December, from a loss of S$170 million in the year-ago period. The improvement in the bottom line was mainly due to reduced losses from the revaluation of investment properties, said the real estate group. Shares of CLI ended Wednesday 0.8 per cent or S$0.02 lower at S$2.50.
Yangzijiang Shipbuilding: The group reported a net profit of 3.6 billion yuan (S$659.3 million) for the second half ended Dec 31, which is 50.5 per cent higher than the corresponding year-ago period. Revenue stood 5.5 per cent higher at 13.5 billion yuan, and the group recorded an earnings per share of 90.50 fen in the recent H2. Shares of Yangzijiang Shipbuilding closed 0.7 per cent or S$0.02 lower at S$2.68 on Wednesday, before the news.
Sembcorp Industries: The energy and urban solutions provider on Thursday reported a 14 per cent rise in net profit to S$471 million for the second half ended Dec 31, from S$412 million in the year-ago period. That is on resilient profit from its gas and related services, as well as integrated urban solutions segments. It posted revenue of about S$3.2 billion, down from around S$3.4 billion. Shares of Sembcorp traded flat to close at S$5.88 on Wednesday.
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