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Stocks to watch: ST Engineering, CWT, Parkway Life Reit
THE following stocks had announcements or developments that could affect trading activity at Singapore Exchange on Friday.
ST Engineering: Its net profit for the third quarter ended Sept 30, 2015, rose 9.9 per cent to S$133.26 million from S$121.3 million a year ago. Revenue, however, dipped 3.4 per cent to S$1.5 billion.
CWT: The logistics and commodity broking company suffered a net impairment loss of S$6.3 million from the August explosions in Tianjin, China, resulting in its third-quarter net profit falling 16 per cent.
Parkway Life Reit: The healthcare Reit (real estate investment trust) posted a 15.6 per cent yearonyear rise in thirdquarter distributable income to S$20.3 million, lifted by one-time divestment gains.