Stocks to watch: Golden Agri, First Resources, Singtel, UOL, StarHub, Frencken

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

Golden Agri-Resources : The palm oil company reported on Wednesday a 60 per cent year-on-year decline in Q1 net profit to US$37 million amid weaker crude palm oil prices. Revenue for the period stood at US$2.6 billion, up 1 per cent, mainly due to expanded sales volume. Its shares closed flat on Tuesday at S$0.27.

First Resources : The Indonesian palm oil producer’s net profit for the first quarter ended March 2024 grew 86.6 per cent to US$36.1 million, it reported on Wednesday. The better financial performance came on the back of improved sales volume and reduced export taxes despite lower average selling prices. Shares of First Resources ended Tuesday flat at S$1.38.