Stocks to watch: Genting Singapore, Sembcorp, SingPost, China Everbright Water, Hiap Hoe

THE following companies saw new developments that may affect trading of their securities on Tuesday (Feb 21):

Genting Singapore : The integrated resort operator’s net profit for its second half-year (H2) ended Dec 31, 2022, more than doubled to S$255.7 million from S$95.1 million in the same year-ago period. This was due to improved revenue from gaming and non-gaming on travel recovery, the group said on Monday. The counter closed 2 per cent or S$0.02 lower at S$1.00 on Monday.

Sembcorp Industries : The energy group posted a 54 per cent increase for its H2 net profit ended Dec 31, 2022, to S$358 million, from S$233 million in H2 2021. Sembcorp attributed the improved profits to higher contributions from its renewables and conventional energy segments. Turnover in the second half of the financial year also grew 3 per cent to S$3.9 billion, from S$3.8 billion a year ago. Shares in the company lost 0.3 per cent or S$0.01 to S$3.74 on Monday.