Stocks to watch: Hongkong Land, Yangzijiang Shipbuilding, SIA, Sembcorp, Delfi

The following companies saw new developments that may affect trading of their securities on Wednesday (May 20): 

Hongkong Land : The property group posted a 5 per cent rise in underlying profit for its first quarter ended Mar 31, 2026, compared with the same period a year earlier. This was primarily due to lower net financing charges, offsetting reduced contributions from Singapore following the disposal of Marina Bay Financial Centre Tower 3 prior to the formation of its new fund, the group said on Tuesday. Shares of Hongkong Land closed at US$7.96 on Tuesday, down US$0.03 or 0.4 per cent, before the release of the results.

Yangzijiang Shipbuilding : The company on Tuesday said it has secured US$1.03 billion in new orders for the year to date, bringing its outstanding order book to US$22.3 billion, the group said. The order wins bring the shipbuilder closer to its target of US$4.5 billion for FY 2026, despite geopolitical tensions weighing on sentiment in the global shipbuilding market. Shares of Yangzijiang Shipbuilding closed S$0.02 or 0.5 per cent higher at S$3.94 on Tuesday, before the announcement.

Singapore Airlines (SIA) : Flight SQ321 in May 2024 may have flown into severe turbulence after the jet’s weather radar possibly failed to display a rapidly forming storm cloud, said Singapore’s transport safety investigator on Tuesday. The Transport Safety Investigation Bureau’s final report could not rule out that the Boeing 777’s radar failed to paint a storm cell or issue fault warnings. While the bureau declined to name the weather radar system’s manufacturer, previous media reports indicated that it may be Honeywell. Shares of SIA rose 2 per cent or S$0.13 to S$6.54 on Tuesday, before the news.

Sembcorp : Sembcorp Energy UK will partner digital infrastructure specialist Digital Reef to build phase one of a new data centre development at an industrial site in the UK. A planning application has been submitted for the project’s initial phase, which is designed to provide up to 280 megawatts capacity. Shares of Sembcorp Industries closed S$0.01 or 0.2 per cent higher on Tuesday to reach S$6.12, before the announcement.

Delfi : The chocolate confectioner on Tuesday reported a 0.8 per cent dip in its earnings before interest, taxes, depreciation and amortisation (Ebitda) to US$16.8 million for the first quarter ended Mar 31, from US$17 million in the year before. The slight drop in Ebitda came even as net sales for the quarter rose 6.2 per cent year on year to US$159.1 million, the group said. Top-line growth was driven by a 19.6 per cent increase in the group’s own brands sales across the region, sustaining a momentum from late 2025. Shares of Delfi closed on Tuesday flat at S$1, before the announcement.