Stocks to watch: Haw Par, Ho Bee Land, Bumitama Agri, Straits Trading, Gallant Venture

THE following companies saw new developments that may affect trading of their securities on Tuesday (Feb 27):

Haw Par : The mainboard-listed group’s net profit rose 58.1 per cent for the six months ended Dec 31, 2023, to S$112.4 million from S$71.1 million for the same period a year earlier. Revenue for H2 FY2023 was up 39.7 per cent to S$120.9 million from S$86.6 million, announced the group on Monday. Shares of Haw Par closed at S$9.76, down 0.1 per cent or S$0.01, before the announcement.

Ho Bee Land : The real estate developer reported a net loss of S$104.1 million for the six months ended Dec 31, 2023, reversing from a net profit of S$16 million in the second half of FY2022. The group said on Monday that net loss for the whole financial year stood at S$259.8 million, also reversing from a net profit of S$165.9 million in FY2022. Shares of Ho Bee Land closed at S$1.71, up S$0.01 or 0.6 per cent, before the announcement.