Stocks to watch: ComfortDelGro, Yanlord Land, Straits Trading, UMS, Halcyon Agri, Straco

THE following companies saw new developments that may affect trading of their securities on Tuesday (Aug 15):

ComfortDelGro : The transport behemoth posted on Monday a 31.9 per cent year-on-year fall in net profit to S$78.5 million for the first half ended June 2023 from S$115.3 million, largely due to higher operating costs and the absence of a one-off disposal gain. The group still raised its dividend payout ratio to a minimum of 70 per cent from 50 per cent, to reward shareholders. Its shares closed up S$0.01 or 0.8 per cent at S$1.27, before the announcement. 

Yanlord Land Group : The property developer reported a 20 per cent decrease in net profit to about one billion yuan (S$186.9 million) for H1 ended June 2023, from 1.4 billion yuan a year earlier. The group’s earnings per share fell 20 per cent to 56.7 fen, from last year’s 71.29 fen. No dividend was declared. Its shares closed on Monday down S$0.015 or 2 per cent at S$0.735, before the announcement.