Stocks to watch: Sembmarine, Netlink, Frencken, CSE Global, Hwa Hong

THE following companies saw new developments that may affect trading of their securities on Wednesday (May 18):

Sembcorp Marine (Sembmarine): The marine and offshore engineering group said it expects its upcoming half-year results to be significantly better than that of H1 FY2021. In an interim business update on Wednesday, the group reported a net order book of S$1.75 billion as at the end of Q1 2022, with 6 of 12 projects under execution completed in the year to date. Sembmarine shares ended Tuesday S$0.001 or 1.1 per cent higher at S$0.096.

Netlink NBN Trust: The fibre network infrastructure owner on Tuesday reported a 0.8 per cent year-on-year increase in distribution per unit to S$0.0257 for the 6 months ended Mar 31, 2022. Revenue was 1.4 per cent higher at S$189.7 million on the back of higher connections revenue, which was partially offset by lower Central Office revenue. Units in Netlink closed at S$0.98 on Tuesday, down S$0.005 or 0.5 per cent, before the announcement.