Stocks to watch: Bukit Sembawang

THE following company saw new developments that may affect trading of its securities on Tuesday (May 23):

Bukit Sembawang Estates : The property development and investment group posted S$21.8 million in net profit for its second half-year ended Mar 31, 2023, a 26.2 per cent drop from the same period a year earlier. Its earnings per share slipped to S$0.0843, from S$0.1142 the previous year. The group also warned that the fresh round of property cooling measures by the Singapore government is likely to lead to a slowdown in sales transactions. Shares of Bukit Sembawang closed S$0.02 or 0.5 per cent down at S$4.10 before the announcement on Monday.