Stocks to watch: Thai Beverage, Golden Agri-Resources, Ho Bee Land, OUE, Straits Trading
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Aug 15):
Thai Beverage: The beverage company on Thursday reported a 4 per cent drop in earnings before interest, taxes, depreciation and amortisation (Ebitda) to 45 billion baht (S$1.8 billion) for the nine months ended Jun 30. The figures have been adjusted to account for the consolidation of Fraser and Neave following its share swap with Thai Beverage in September 2024, with Ebitda at 38.6 billion baht without the adjustment. Sales revenue was down 0.4 per cent at 258.6 billion baht. The counter closed Thursday up 1.1 per cent or S$0.005 at S$0.475, before the business update.
Golden Agri-Resources: The palm oil company on Thursday posted a net profit of US$160.3 million for the first half of 2025, a 56.5 per cent jump from the year-ago period. Revenue rose 19.6 per cent to US$6.2 billion, supported by a 19 per cent increase in crude palm oil market prices. The higher net profit was also due to lower interest expenses and reduced foreign exchange loss. Earnings per share were US$0.0126 in the first half of 2025, up from US$0.0081. The counter closed flat at S$0.265 on Thursday, before the announcement.
Ho Bee Land: The property developer on Thursday posted a net profit jump of more than 400 per cent to S$49.8 million in the first half of the year, up from S$8.8 million in the year-ago period. The surge was mainly due to strong recurring rental income, a higher share of profits from joint ventures and lower interest expenses. Revenue for H1 fell 23 per cent to S$177.7 million from S$230 million the year before. Earnings per share stood at S$0.075, up from S$0.0133 the previous year. Shares of Ho Bee Land closed 1 per cent or S$0.02 higher at S$2.08 on Thursday, before the announcement.
OUE: The real estate and healthcare group on Thursday posted a net profit of S$35.6 million for the first half of 2025, compared to a S$96.1 million loss in the year-ago period. It said the turnaround was due mainly to S$94.9 million in provisional negative goodwill recognised for the acquisition of additional equity interests in an equity-accounted investee. However, H1 revenue fell 6.9 per cent to S$292.8 million due to a 9.7 per cent lower contribution from the group’s real estate segment. The counter closed flat at S$1.12 on Thursday, before the announcement.
Straits Trading: The conglomerate-investment company on Thursday posted a net loss of S$40.8 million for the first half of 2025, compared to a net profit of S$5.2 million in the year-ago period. It said this was due to an associate company’s fair value losses and the remeasurement of exchangeable bonds that it issued. Still, its revenue for the period rose 5.9 per cent to S$267.5 million. The counter closed 1.9 per cent or S$0.03 lower at S$1.56 on Thursday, before the results were released.
Wee Hur: The group on Friday posted a 42 per cent decline in net profit to S$38.7 million for the six months ended Jun 30, from S$66.5 million in the year-ago period. Revenue stood at S$156 million, up 43 per cent from S$109.1 million. The counter finished Thursday at S$0.68, down S$0.01 or 1.4 per cent.
Frencken: The semiconductor company on Thursday posted a 9.9 per cent increase in profit to S$19.9 million for the first six months ended Jun 30, from S$18.1 million in the year-ago period. Revenue for the period was at S$431.4 million, a 15.7 per cent rise from S$372.7 million. This was driven by higher revenue from Frencken’s mechatronics division, which offset the fall in revenue from the integrated manufacturing services division. The counter closed 3.1 per cent or S$0.05 lower at S$1.54 on Thursday, before the announcement.
Cordlife: The group on Friday posted a net loss of S$4.6 million for its first half ended Jun 30, trimming its losses by 62.7 per cent from S$12.4 million in the year-ago period. In tandem, its loss per share shrank to S$0.018, compared to S$0.0482 previously. Revenue surged 108.8 per cent to S$19.2 million, from S$9.2 million in H1 2024. The counter closed flat at S$0.20 on Thursday.
