Stocks to watch: Singtel, Sembmarine, FLCT, Q&M, ComfortDelGro, StarHub, Geo Energy

THE following companies saw new developments that may affect trading of their securities on Thursday (Nov 11):

Singtel: Z74 The telecommunications company posted a 104.7 per cent jump in H1 FY2022 earnings to S$954 million in a bourse filing on Thursday (Nov 11) before the market opened. The earnings performance was driven by an improved share of results of associates and joint ventures. Singtel has declared an interim dividend of S$0.045 cents per share, representing about 76 per cent of the underlying net profit for the half year period. Shares of the counter closed lower 0.8 per cent or S$0.02 to S$2.55 on Nov 10.

Sembcorp Marine (Sembmarine): S51 The offshore and marine builder on Thursday posted an existing order book of over S$1.42 billion as at the end of the third quarter. This includes S$180 million of ongoing repairs and upgrades for delivery by 2022. Shares of mainboard-listed Sembmarine ended flat at S$0.082 on Wednesday (Nov 10).

Frasers Logistics and Commercial Trust (FLCT): BUOU The real estate investment trust (Reit) posted a 6.3 per cent rise in distribution per unit (DPU) to 3.88 Singapore cents for its second half ended Sep 30, from 3.65 cents a year ago. For the full year ended Sep 30, DPU was higher at 7.68 cents, versus 7.12 cents a year ago. Units of FLCT closed at $1.49 on Wednesday (Nov 10), down S$0.02 or 1.3 per cent.

Q&M Dental: QC7 The dental healthcare group on Thursday (Nov 11) posted a 69 per cent rise in net profit for the fiscal third quarter from a year ago, with strong contributions coming in from the medical laboratory and dental equipment and supplies segment. The segment rose by 932 per cent in line with the growth in the dental and medical clinics segment. Shares of the counter closed up 0.9 per cent or S$0.005 to S$0.56 on Nov 10.

ComfortDelGro: C52 The transport operator is no longer pursuing an initial public offering (IPO) for its wholly-owned Australian subsidiary ComfortDelGro Corporation Australia on the Australian Stock Exchange. This is because IPO conditions in Australia have become more challenging, it announced in a filing on Wednesday (Nov 10) after market close. Prior to the news, shares of ComfortDelGro closed down 0.6 per cent or S$0.01 at S$1.6.

StarHub: CC3 The mainboard-listed telco got a top-line boost from growth in its fast-expanding enterprise business, even as it unveiled the acquisition of more regional information and communications technology players on Wednesday (Nov 10). Shares of StarHub fell 0.8 per cent or S$0.01 to close at S$1.26, before the financial results were released.

Geo Energy Resources: RE4 The Indonesian coal producer posted record profits and revenue from operations in its third quarter ended Sep 30, 2021 as coal prices reached historic highs. It declared an interim dividend of S$0.03 per share for Q3 FY2021. Shares of Geo Energy rose 4.6 per cent or S$0.015 to close at S$0.34 on Wednesday (Nov 10), before the business update was released.

Metro Holdings: M01 The property and retail group reported a 7.3 per cent year-on-year lower net profit for the 6 months ended Sep 30, 2021 on higher cost of revenue and expenses. Shares in Metro closed unchanged at S$0.77 on Wednesday (Nov 10), before the announcement was made.

AEM Holdings: AWX The electronic services provider on Wednesday (Nov 10) posted a 4.3 per cent fall in net profit to S$23.3 million for its third quarter ended Sep 30, from S$24.3 million a year ago. It expects demand to continue rising in the next few quarters. AEM shares closed down 0.5 per cent or S$0.02 to close at S$4.19 before the business update was released.

Nordic Group: MR7 The mainboard-listed group on Wednesday (Nov 10) said it intends to make a voluntary conditional offer for engineering group Starburst Holdings at S$0.238 per share in cash. Nordic will consider delisting Starburst from the Singapore Exchange should it garner the necessary acceptances. Both counters last ended flat at S$0.37 and S$0.225 on Nov 9, respectively, before calling for a trading halt. Shares of Nordic resume trading on Nov 11.

Jiutian Chemical Group: C8R Its net profit rose 10 per cent to 56.9 million yuan (S$12 million) for Q3 FY2021, announced the Catalist-listed group in a business update on Wednesday (Nov 10). This was largely attributed to higher revenue, which came on an increase in average sales prices of dimethylformamide and methylamine, its main products. Shares of Jiutian Chemical closed flat at S$0.08, before the news.