Stocks to watch: SIA, ST Engineering, CICT, Sembcorp, First Resources

[SINGAPORE] The following companies saw new developments that may affect trading of its securities on Tuesday (Mar 18).

Singapore Airlines (SIA) : The national carrier and its low-cost arm Scoot posted a 0.5 per cent year-on-year increase in passenger traffic in February, as travel demand tapered following the end of the Chinese New Year festive season, the company’s operating update showed on Monday. Scoot’s 9.3 per cent year-on-year drop in passenger traffic was a drag on group performance. Passenger traffic for SIA rose 3.6 per cent. SIA shares climbed S$0.06 or 0.9 per cent to S$6.75 on Monday.

ST Engineering : The company on Tuesday announced plans to propose an increase in its total dividend to S$0.18 per share for FY2025, up from the prior financial year’s proposed dividend of S$0.17 per share. It also announced a new dividend policy for FY2026 where it plans to pay out about one third of its year-on-year increase in net profit as incremental dividends. Shares of ST Engineering ended Monday 1.8 per cent or S$0.11 higher at S$6.32.