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Stocks to watch: StarHub, SGX, Tung Lok
THE following stocks had news that may affect their trading on Thursday.
StarHub: The telco on Wednesday announced plans to grow Singapore's cyber-security ecosystem by working with industry partners and institutes of higher learning to set up a cyber-security centre of excellence. Together with its partners, it will put in S$200 million over the next five years into this project, and receive support from the Singapore Economic Development Board, it said.
Singapore Exchange: SGX is considering new, high-yielding products as part of a number of regulatory initiatives being planned, chief regulatory officer Tan Boon Gin told The Business Times on Wednesday. But he said the exchange would do enough due diligence to make sure that the risk taken by investors would be a "pure commercial one".
Tung Lok Restaurants: The group posted a 6.4 per cent rise in net profit for the full year ended March 31 as both revenue and gross profit margins inched up. Gross profit margin climbed 0.7 percentage point to 72.2 per cent due to better control of food costs.