Stocks to watch: IHH Healthcare, Jardine C&C, First Resources, Yangzijiang Financial, Bumitama Agri

THE following companies saw new developments that may affect trading of their securities on Wednesday (Mar 1):

IHH Healthcare : The Malaysian hospital group on Tuesday announced a 58 per cent fall in net profit for the fourth quarter ended Dec 31, 2022 to RM191.3 million (S$57.9 million) from RM453.6 million the previous year. This was despite a 9 per cent higher revenue of RM4.9 million. A first and final dividend of RM0.07 per share was declared, which was 17 per cent higher than in FY2021, and will be payable to shareholders on Apr 28. IHH shares closed at S$1.75, down 0.6 per cent or S$0.01 on Tuesday before the news. 

Jardine Cycle & Carriage (Jardine C&C): The investment holding company on Tuesday reported a fall in net profit by 42 per cent to US$252.3 million for the second half of the year ended December, from the previous year’s US$434.3 million. This was despite higher revenue, which rose 18 per cent to US$11.1 billion. Its board proposed a final dividend of US$0.83 per share, up from US$0.62 per share in FY2021. Shares of Jardine C&C closed at S$29.71, up 1.9 per cent or S$0.55 on Tuesday before the announcement.