You are here
Stocks to watch: Singtel, Midas, SingPost, Sunlight
THE following stocks had announcements or developments that may influence trading on Thursday:
Singapore Telecommunications' net profit increased by 1.8 per cent to S$963.3 million in its fourth fiscal quarter as weakness in India dragged down better performances in other key markets.
On a per-share basis, the telco's profit for the three months ended March 31 slipped to 5.9 Singapore cents from a year-ago 5.94 Singapore cents. Full-year net profit slipped 0.5 per cent to S$3.85 billion, or 23.96 Singapore cents per share, from S$3.87 billion, or 24.29 Singapore cents per share.
Singtel is maintaining a final dividend payout of 10.7 Singapore cents per share. Including an interim dividend of 6.8 Singapore cents that has already been paid out, total dividends for the year will be 17.5 Singapore cents per share, in line with the year-ago payout.
A Midas Holdings subsidiary has won 13 contracts worth 520.9 million yuan (S$105.43 million), the aluminium extrusion train parts specialist announced on Wednesday. These contracts, secured by Jilin Midas Aluminium Industries, are for various markets such as Canada, the United States, Saudi Arabia, Italy, Holland, Germany and China. They are slated for delivery progressively between this year and 2019.
Mail carrier Singapore Post said that online shopping portal Lazada has moved its warehouse operations to SingPost Regional eCommerce Logistics Hub in Tampines, so that they can tap each other's strengths to meet rising e-commerce demand in South-east Asia.
Sunlight Group has halted trading of its shares pending an announcement.