Stocks to watch: CapitaLand Investment, ST Engineering, Wilmar, City Developments, Olam
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THE following companies saw new developments that may affect trading of their securities on Wednesday (Aug 14):
CapitaLand Investment (CLI) : The real asset manager’s profit for the six months ended Jun 30, 2024, fell 6 per cent year on year to S$331 million, from S$351 million the year before. On Wednesday, CLI said its stronger fee-income related business performance was offset by a weaker real estate investment business for the period. Shares of CLI closed on Tuesday S$0.01 or 0.4 per cent higher at S$2.53.
ST Engineering : Its profit for the first half of the fiscal year grew 19.9 per cent to S$336.5 million from S$280.6 million the prior year as revenue jumped 13.5 per cent to S$5.5 billion. The group on Wednesday said it ended the period with an order book of S$27.9 billion. Shares of ST Engineering ended S$0.03 or 0.7 per cent higher at S$4.28 on Tuesday.
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