Stocks to watch: ST Engineering, First Resources, Olam, Nanofilm, Straits Trading

THE following companies saw new developments that may affect trading of their securities on Friday (Aug 12):

ST Engineering : The technology group on Friday posted a 5.4 per cent drop in net profit for the first half ended Jun 30, to S$280 million from S$296.1 million last year, due to higher transaction and integration expenses for its Transcore acquisition and the tax-exempt effect of the Job Support Scheme. Shares of ST Engineering fell 0.5 per cent or S$0.02 to S$4.07 at Thursday's closing bell.

First Resources : The Indonesian palm oil producer on Friday posted net attributable profit of US$128 million for the 6 months ended June 2022 despite lower sales volumes, as higher average selling prices helped to lift the group's gross profit margin by 13.1 percentage points. Its board has declared an interim dividend of 2.50 Singapore cents per share, doubling that from last year. Shares of First Resources ended Thursday S$0.02 or 1.4 per cent lower at S$1.43.