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Stocks to watch: K1 Ventures, OUE H-Trust, NeraTel
THE following companies saw new developments that may affect trading of their shares on Wednesday:
K1 Ventures: Investment firm K1 Ventures' net profit for the year grew 6.7 per cent to S$149.98 million from S$140.57 million the previous year, the group said in a Singapore Exchange filing on Tuesday evening. Dividend per share leapt to 6.5 Singapore cents.
OUE Hospitality Trust (OUE H-Trust): Higher contributions from both the hospitality and retail segments lifted second-quarter results for OUE H-Trust. The trust's second-quarter distribution income climbed 31.8 per cent to S$21.81 million from last year.
NeraTel: The mainboard-listed communications and network solutions provider on Tuesday said that it has clinched a total of S$14.9 million worth of new contracts.