Stocks to watch: DFI Retail Group, GuocoLand, Wilmar, iFast, Q&M Dental
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Mar 4):
DFI Retail Group : The supermarket and retail store operator posted an underlying profit of US$270 million for the year ended Dec 31, 2025, an increase of 35 per cent from US$201 million for the previous financial year. Revenue was flat year on year at US$8.9 billion, the group said in a bourse filing on Tuesday. Shares of DFI rose 2 per cent or US$0.08 to close at US$4.14 before the news.
GuocoLand : A group comprising GuocoLand, Intrepid Investments and TID Residential placed the top bid of S$657.1 million for a 99-year leasehold site near Lentor MRT station, in a state tender that closed on Tuesday. The price translates to S$1,277.71 per square foot per plot ratio. The site is beside the first site awarded in 2021 to GuocoLand, which has been developed into Lentor Modern, comprising 605 private housing units and a mall. Shares of GuocoLand ended at S$2.55, S$0.09 or 3.4 per cent lower on Tuesday.
Wilmar International : The agribusiness said on Tuesday that its Indonesian unit’s head of social security legal Muhammad Syafei has been handed a six-year jail term and a fine of 300 million rupiah (S$22,700). The sentence was for bribing the judges who had earlier acquitted Wilmar subsidiaries of charges related to wrongfully obtaining export permits for oil products. Wilmar shares closed 1.1 per cent or S$0.04 lower at S$3.50 before the announcement.
iFast : The group on Tuesday issued S$120 million worth of fixed-rate notes due in 2031, pursuant to its S$300 million multicurrency debt issuance programme. The notes are expected to be listed on Wednesday and bear interest at a fixed rate of 2.75 per cent per annum. Net proceeds from the issuance will be used for general corporate purposes. The counter closed 0.9 per cent or S$0.08 down at S$9 before the news.
Q&M Dental : The company announced on Wednesday that it entered into a non-binding memorandum of understanding in relation to a proposed acquisition of a dental group in Singapore. Q&M intends to acquire 100 per cent of the issued share capital of this dental group. Shares of Q&M ended at S$0.525, S$0.005 or 1 per cent higher on Tuesday.
Trading halt: Geo Energy Resources requested a trading halt on Wednesday pending an announcement.
