Stocks to watch: IHH Healthcare, Cosco Shipping, MLT, FCT, ComfortDelGro

THE following companies saw new developments that may affect trading of their securities on Friday (Mar 1):

IHH Healthcare : The integrated healthcare provider reported earnings of RM727.5 million (S$205.8 million) for the fourth quarter ended December 2023, a 280 per cent jump from RM191.3 million in the corresponding quarter a year earlier. On Thursday, the group added that Q4 revenue rose 9 per cent to RM5.3 billion, as hospital and healthcare revenue rose 13 per cent to RM5.2 billion. Shares of IHH Healthcare closed S$0.02 or 1.1 per cent higher, at S$1.77, before the announcement of the results.

Cosco Shipping : The logistics management service provider on Thursday recorded a full-year net profit of S$1.9 million, reversing from an S$88.6 million loss a year ago. This came as its H2 net loss shrank drastically to S$59,000 from S$94.8 million in the year-ago period, after administrative expenses fell to S$13.5 million from S$112.6 million. This was due to the absence of a S$99 million impairment of goodwill recorded in H2 FY2022. Shares of Cosco Shipping fell 0.7 per cent or S$0.001 to S$0.137, before the results were announced.