Stocks to watch: Apac Realty, mm2 Asia, AusGroup
Add BT as a preferred source
Elysia Tan
THE following companies saw new developments that may affect trading of their securities on Monday (Jun 20):
Apac Realty : The mainboard-listed real estate services provider reported a 20 per cent growth in net profit to S$9 million for Q1 FY2022 ending Mar 31 from S$7 million a year prior, in a business update released after market close on Friday. The growth was in tandem with an 11.8 per cent jump in revenue for the same period. Shares of Apac Realty closed down 1.7 per cent or S$0.01 at S$0.595 on Friday, before the update.
mm2 Asia : The entertainment company’s subsidiary, cinema chain Cathay Cineplexes, will cease operations at its iconic location, The Cathay, located at 2 Handy Road, after Jun 26, 2022. This is part of its cost rationalisation for its cinema operations, according to a Friday press statement. Its other 7 cinema locations will continue to operate. Shares of mm2 Asia closed 3.5 per cent or S$0.002 higher at S$0.06 on Friday, before the news.
TRENDING NOW
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
As luxury retail goes big, can Singapore’s Orchard Road keep up?
Singapore releases Economic Strategy Review Final Report, with more detailed proposals
Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass
