Stocks to watch: CapitaLand Investment, ST Engineering, Genting Singapore, Sembcorp, UOL, First Resources

THE following companies saw new developments that may affect trading of their securities on Friday (Aug 11):

CapitaLand Investment (CLI): The property giant on Friday posted a 19 per cent year-on-year drop in net profit to S$351 million for its first half ended Jun 30, largely due to lower portfolio gains as asset-recycling transactions slowed. In a separate announcement on the same day, CLI said it has raised S$1.3 billion third-party equity commitment from international institutional investors for three of its private funds. The counter closed down 0.9 per cent or S$0.03 at S$3.23 on Thursday.

ST Engineering : The technology group on Friday posted a net profit of S$280.6 million for the first half ended Jun 30, up 0.2 per cent year on year, as revenue growth across all three of the group’s business segments outweighed higher financing costs. Shares of ST Engineering closed 0.5 per cent, or S$0.02 up at S$3.74 on Thursday.