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Stocks to watch: SingPost, OUE H-Trust, Chip Eng Seng, NeraTel
SINGAPORE Post: Singapore Exchange on Thursday issued a public reprimand to Singapore Post (SingPost) for breaching the exchange's listing rules in a July 18, 2014, announcement on the purchase of UK-based freight forwarder FS Mackenzie.
OUE Hospitality Trust (OUE H-Trust): The trust's distributable income for the first quarter ended March 31, of 2017, rose 19.1 per cent to S$23.5 million, from S$19.7 million in Q1 2016, the group reported on Thursday.
Chip Eng Seng: The property developer on Thursday reported a 647.9 per cent increase in its net profit for the first quarter. Net profit for the three months ended March 31, 2017, stood at S$6.1 million, compared to S$817,000 the year before.
Nera Telecommunications: Nera Telecommunications (NeraTel) reported a 40.8 per cent rise in net profit to S$2.86 million for the financial first quarter which ended on March 31, 2017, from S$2.03 million one year ago. This came on the back of a 44.3 per cent rise in revenue to S$44.12 million, from S$30.57 million a year ago.