Stocks to watch: SIA, Sinarmas Land, Colex, Bonvests

THE following companies saw new developments that may affect trading of their securities Tuesday (Oct 18):

Singapore Airlines (SIA):The company reported on Monday promising operating results, driven by an increase in passengers in September. Passenger capacity for the group’s airlines, SIA and Scoot, saw a 2.5 per cent increase from the previous month and a 111.8 per cent jump from the previous year. The counter closed down 0.8 per cent or S$0.04 to S$5 on Monday, before the news. 

Sinarmas Land : The real estate development company partnered K2 Data Centres, a subsidiary of the Kuok Group, to develop and operate hyperscale data centres in Indonesia. In an announcement on Monday, the companies shared that the hyperscale data centres should have more than 5,000 servers and 10,000 square feet. Shares of Sinarmas Land closed down S$0.002 or 1 per cent to S$0.189, prior to the announcement.