Stocks to watch: Cosco Shipping, Sri Trang Agro-Industry, Sri Trang Gloves, Olam, Elite Commercial Reit 

THE following companies saw new developments that may affect trading of their securities on Monday (Feb 19):

Cosco Shipping : The logistics management service provider said in its profit guidance on Friday that it expects to report a net profit of about S$1.9 million for the year ended Dec 31, 2023. This represents a reversal from the net loss reported from the same period a year earlier, which took into account a non-cash impairment of goodwill of S$99 million from its acquisition of Cogent holdings in 2018. Shares of Cosco rose S$0.004 or 2.8 per cent to close at S$0.146, before the announcement.

Sri Trang Agro-Industry : The rubber group swung to a net loss of 422 million baht (S$15.8 million) for its fourth quarter ended Dec 31, 2023, from a net profit of 987.8 million baht a year ago. This was after taking into account a non-recurring item and an impairment loss of a subsidiary, reported the company on Friday. Shares of the company dipped S$0.02 or 3.2 per cent to close at S$0.60, before the announcement.