Stocks to watch: SIA, First Reit, Delfi, IPC Corp

THE following companies saw new developments that may affect trading of their securities on Thursday (May 19):

Singapore Airlines (SIA) : The flag carrier on Wednesday posted a deficit of S$962 million for the financial year ending Mar 31, 2022, despite significant improvement in its H2 results compared to the first half and a doubling of revenue. No final dividend was declared due to the significant loss and a need to conserve cash. Shares of SIA had hit a near 3-week high on Wednesday morning and ended the day up S$0.10 or 1.9 per cent at S$5.43, before the news.

First Real Estate Investment Trust (First Reit) : It will divest Siloam Hospitals Surabaya at an agreed property value of 430 billion rupiah (S$40.9 million), subject to post-completion adjustments. This translates to capital gains of 143.2 per cent, the manager said in a press statement on Thursday. First Reit units closed Wednesday 1.8 per cent or S$0.005 higher at S$0.29.