Stocks to watch: Sats, SingPost, Cortina, GK Goh, Valuetronics, Old Chang Kee, SIA Engineering

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

Sats : The in-flight caterer and ground handler reported earnings of S$6 million for the second half-year ended March 2023, a 16.7 per cent decrease year on year. This was despite a 57.1 per cent increase in revenue. Sats ended the full year with a net loss of S$26.5 million, a reversal from FY2022’s net profit of S$20.4 million. No dividend was proposed, and shares of Sats closed down 2.8 per cent or S$0.08 to S$2.75 on Monday before the release of its results. 

Singapore Post (SingPost): New arbitration proceedings have commenced against SingPost over a share purchase agreement related to Famous and its units, SingPost said on Monday. The proceedings were started by Tan Ho Sung, who has had various disputes with SingPost and its units since 2017. SingPost shares ended Monday flat at S$0.455.