Stocks to watch: Bukit Sembawang, Cortina, Stamford Land, KSH, Isetan

THE following companies saw new developments that may affect trading of their securities on Monday (May 30):

Bukit Sembawang Estates: The property development and investment group on Friday (May 27) posted a 75 per cent fall in net profit to S$29.6 million for the second half ended Mar 31, 2022. Gross profit was lower by 79 per cent to S$30 million mainly due to lower profit recognised on development projects The counter ended trading at S$5.18 on Friday, up S$0.02 or 0.4 per cent, before the release of the results.

Cortina Holdings: The mainboard-listed luxury watch retailer on Friday posted a 72.3 per cent increase in net profit to S$43.3 million for its fiscal second half ended Mar 31. This came on the back of a recovery from the supply chain disruption that it faced, which led to better sales mix and stock allocation. The counter closed flat at S$4.30 on Friday, before the announcement.