Stocks to watch: Sasseur Reit, Singapura Finance, Genting Singapore, Challenger, Sing Holdings

THE following companies saw new developments that may affect trading of their securities on Friday (Feb 18):

Sasseur Reit: CRPU Its distribution per unit (DPU) for Q4, ended Dec 31, 2021, was 1.8 per cent lower at S$0.019 from S$0.01935 the previous year, after retaining S$2.2 million of distributable income for the quarter. The real estate investment trust's (Reit) manager on Friday said DPU for Q4 would have been 7.4 per cent higher on a like-for-like basis if not for the retention of distributable income. Units of the Reit ended Thursday S$0.015 or 1.8 per cent higher at S$0.83.

Singapura Finance: S23 The mainboard-listed finance company on Friday reported a net profit of S$4.7 million for the second half of the financial year ended Dec 31, 2021, up 67 per cent from S$2.8 million in the year-ago period. This brings its full-year earnings up to S$9.6 million, a 101.8 per cent increase from FY2020. Shares of Singapura Finance ended at S$0.845, up S$0.015 or 1.8 per cent, on Thursday.

Genting Singapore: G13 The integrated resort operator reported on Thursday that net profit for its second half fell 49 per cent on year, due to lower visitorship as community Covid-19 cases rose. It also announced that its expansion plan for Resorts World Sentosa will begin construction in the second quarter of this year, starting with the expansion of 2 attractions. Shares of the group closed unchanged at S$0.785 on Thursday, before the news.

Challenger Technologies: 573 Net profit for the IT product retailer fell 38 per cent to S$8.4 million during the 6 months ended Dec 31, 2021, down from S$13.6 million in the prior-year period. The group on Thursday declared a final dividend of S$0.028 per share, up from the S$0.027 final dividend a year ago. Its shares closed unchanged at S$0.56, before the results were announced.

Sing Holdings: 5IC The property development and investment group on Thursday reported a 24.7 per cent decline in net profit for H2 despite higher revenue. Its board has proposed a final dividend of S$0.01 per share, unchanged from the previous year. Sing Holdings shares climbed S$0.005 or 1.3 per cent to close at S$0.38 on Thursday, before the results.