Stocks to watch: ST Engineering, CWT, Parkway Life Reit

THE following stocks had announcements or developments that could affect trading activity at Singapore Exchange on Friday.

ST Engineering: Its net profit for the third quarter ended Sept 30, 2015, rose 9.9 per cent to S$133.26 million from S$121.3 million a year ago. Revenue, however, dipped 3.4 per cent to S$1.5 billion.

CWT: The logistics and commodity broking company suffered a net impairment loss of S$6.3 million from the August explosions in Tianjin, China, resulting in its third-quarter net profit falling 16 per cent.

Parkway Life Reit: The healthcare Reit (real estate investment trust) posted a 15.6 per cent year­on­year rise in third­quarter distributable income to S$20.3 million, lifted by one-time divestment gains.