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Stocks to watch: Wilmar, SIA, Keppel Corp, Genting, StarHub, LMIRT

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Helene Tian

Published Wed, May 4, 2022 · 08:58 AM
    • Agribusiness giant Wilmar International saw its net profit climb 17.8 per cent to US$530.3 million for the first quarter ended March, on the back of firm palm oil prices
    • Agribusiness giant Wilmar International saw its net profit climb 17.8 per cent to US$530.3 million for the first quarter ended March, on the back of firm palm oil prices ST PHOTO: Desmond Wee

    THE following companies saw new developments that may affect trading of their securities on Wednesday (May 4):

    Wilmar International : The agribusiness giant on Friday saw its net profit climb 17.8 per cent to US$530.3 million for the first quarter ended March, on the back of strong performance in the plantation and sugar milling segment. Shares of Wilmar closed S$0.08 or 1.8 per cent higher at S$4.44 on Friday, before the announcement.

    Singapore Airlines (SIA) : The national carrier on Tuesday reported that it would gradually reinstate pilots' basic pay following pandemic-era cuts, with the wage cuts to shrink every quarter until salaries are fully restored by the start of 2023. SIA shares ended 0.4 per cent or S$0.02 higher at S$5.50 on Friday.

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