Stocks to watch: SATS, iFast, Pan Hong, Sinjia Land

THE following companies saw new developments that may affect trading of their securities on Monday (Jul 25):

SATS : The mainboard-listed inflight caterer on Friday posted a net loss of S$22.5 million for the first fiscal quarter ended June due to lower government grants and increased costs. Excluding government reliefs, losses for Q1 FY2023 would have stood at S$31.9 million, versus a net loss of S$35.6 million in Q1 FY2022. Shares of SATS ended Friday at S$3.99, down 0.8 per cent or S$0.03, prior to the results announcement.

iFast : On Saturday the fintech platform reported a net loss of S$2.69 million for Q2 2022, reversing from a net profit of S$7.02 million a year ago as it was weighed down by a one-time impairment allowance. For H1 2022, net profit slid nearly 81 per cent year on year to S$3.04 million. Shares in iFast closed S$0.01, or 0.3 per cent, lower at S$3.99 last Friday.