Stocks to watch: SPH, Keppel Corp, Frasers Property, BRC, Creative

THE following companies saw new developments that may affect trading of their securities on Thursday (Feb 10):

Singapore Press Holdings (SPH), Keppel Corp: T39 BN4 SPH on Wednesday decided to terminate Keppel's implementation agreement relating to the latter's takeover offer, while pressing ahead with preparations for shareholders to vote on Cuscaden Peak's rival offer. In turn, Keppel has filed a notice to begin arbitration proceedings against SPH. Shares of SPH closed down 0.4 per cent or S$0.01 to S$2.33, while shares of Keppel closed up 0.5 per cent or S$0.03 to S$6.04 on Wednesday before the announcement was made.

Frasers Property: TQ5 The real estate and property management company reported on Wednesday that its revenue per average room (RevPAR) in North Asia dropped 36.9 per cent to S$42.50 for the first quarter of FY2022, from S$67.40 in Q1 FY2021. RevPAR for Fraser Property's hospitality portfolio in Asia-Pacific and Europe increased by 9.1 per cent and 240 per cent respectively. Prior to the news, Frasers Property's shares ended Wednesday up 0.9 per cent or S$0.01 at S$1.12.

BRC Asia: BEC The steel solutions provider posted on Wednesday a net profit of S$13.3 million for Q1 FY2022 ended Dec 31, 2021, up 38.8 per cent from Q1 FY2021. The company's revenue for the quarter grew 67.5 per cent to S$375 million the year ago period. Shares of BRC Asia ended Wednesday up 1.2 per cent or S$0.02 at S$1.64 before the announcement.

United Overseas Insurance (UOI): U13 The general insurance arm of UOB on Wednesday said it saw an increase in net profit by 10 per cent to S$26.6 million for the full year ended Dec 31, 2021. A recommendation for a final dividend of S$0.085 per share and a special dividend of S$0.08 per share has been made for the financial year. Shares of UOI closed flat at S$6.75 on Wednesday before the announcement was made.

Creative Technology: C76 The technology company on Wednesday reported a net profit of US$1.2 million for the first half of the financial year ended Dec 31, 2021, up US$45,000 from the year ago period. Creative attributed the growth in profit to a gain arising from the disposal of property. Shares of the company closed flat at S$2.23 on Wednesday before the announcement was made.

Hutchison Port Holdings Trust (HPH Trust): P7VU The container port business trust posted on Wednesday a distribution per unit (DPU) of 8 Hong Kong cents for its second half ended Dec 31, 2021, up 3.9 per cent from 7.7 cents a year ago. This brings its DPU for the full year to 14.5 cents, from 12 cents in the year-ago period. Units of HPH trust closed at US$0.26 on Wednesday, up US$0.025 or 10.6 per cent, after the announcement was made.

BBR: KJ5 The mainboard-listed construction group won a contract worth S$363 million from the Land Transport Authority for the design and construction of Pasir Ris East station under the first phase of the Cross Island Line. BBR shares closed unchanged at S$0.13 on Wednesday, before the announcement was made.