Stocks to watch: SIA, Jardine Matheson Holdings, Elite UK Reit

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jun 16):

Singapore Airlines (SIA) : SIA Group’s passenger traffic grew 4.9 per cent year on year in May, while its passenger capacity increased by 5.3 per cent. Flagship carrier SIA and budget arm Scoot said on Monday that passenger traffic was at 13.5 billion revenue passenger kilometres in May, up from 12.9 billion in the year-ago period. On the cargo front, loads grew 3.2 per cent to 534.1 million tonne-km, from 517.6 million tonne-km, against a capacity expansion of 1.5 per cent. Shares of SIA rose 2.4 per cent or S$0.17 to close at S$7.17 before the announcement.

Jardine Matheson Holdings (JMH) : The company on Tuesday listed a number of investment objectives as part of its first Investor Day. Among the targets are a new JMH US$500 million share buyback set to run till end 2027, on top of raising its dividend by minimally 5 per cent each year. JMH shares on Monday rose 4.3 per cent to close US$2.75 higher at US$66.