Stocks to watch: ST Engineering, Genting, First Resources, OUE C-Reit, SingPost

THE following companies saw new developments that may affect trading of their securities on Friday (May 13):

ST Engineering: The defence and engineering group reported revenue of S$2 billion for the first quarter ended March 2022, up 13 per cent year on year and returning to pre-Covid levels. The topline growth came as revenue in all of the group’s business segments booked improvements over the quarter, said ST Engineering in a business update on Friday. Its shares ended Thursday S$0.01 or 0.3 per cent lower at S$3.98.

Genting Singapore: The integrated resort operator on Thursday reported a 17 per cent increase in its net profit after taxation to about S$40.4 million for the first quarter ended Mar 31, 2022, from S$34.5 million in the year-ago period. While footfall in Resorts World Sentosa has increased gradually, the group expects the pace of recovery to be moderated. Shares of Genting Singapore fell S$0.015 or 1.9 per cent to close at S$0.765 on Thursday, before the bourse filing was released.