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Stocks to watch: Yoma, Raffles Medical, First Sponsor
THE following stocks made announcements after the market closed on Friday which may affect its trading when the Singapore Exchange opens on Monday morning:
Yoma Strategic Holdings recorded a net profit attributable to shareholders of S$2.56 million for the three months ended June 30, up 78 per cent from S$1.44 million a year ago. Revenue rose 31 per cent to S$22.6 million, as topline in its automotive segment was bolstered significantly by contribution from the newly-acquired Convenience Prosperity Company, which sells tractors and farm equipment in Myanmar.
Raffles Medical Group said on Monday morning that its net profit in the second quarter rose 2.2 per cent from a year ago to S$15.9 million, on the back of 7.2 per cent growth in revenue to S$99.3 million. The group declared an interim ordinary dividend of 1.5 Singapore for each share, to be paid on Aug 31.
Chinese property developer First Sponsor Group on Friday evening said it has achieved a net profit of S$7.62 million for its second quarter ended June, compared to a net loss of S$3.25 million a year ago, despite uncertainty in the China property market.
The group's bottomline growth was supported by a boost in revenues to S$29.98 million, from S$6.61 million. First Sponsor's three core businesses - property development, property holding and property financing - all saw higher revenues in the second quarter.