Stocks to watch: Singapore Airlines, Sembcorp Industries, Seatrium, Venture Corp
THE following companies saw new developments that may affect trading of their securities on Monday (Nov 11):
Singapore Airlines (SIA): The national carrier on Friday posted a 59 per cent fall in net profit to S$290 million for the second quarter ended Sep 30, compared to the corresponding period in the previous year. Revenue for the period rose 2 per cent to S$4.8 billion. Lower profit was mainly due to weaker operating performance, lower net interest income and loss on disposal of aircraft, spares, and spare engines versus a gain last year. Its counter ended on Friday at S$6.45, down S$0.04 or 0.6 per cent, before the announcement.
Sembcorp Industries: The energy and urban development company said on Friday that it intends to sell its wholly owned unit Sembcorp Environment to Indonesian energy company SBT Investment 2 for S$405 million. The group attributed its proposed disposal to its intention to focus on growth in the energy sector. Sembcorp Industries’ shares ended Friday unchanged at S$5.01, before the announcement.
