Stocks to watch: IHH Healthcare, Jardine C&C, Olam, ComfortDelGro, Sheng Siong

THE following companies saw new developments that may affect trading of their securities on Friday (Feb 28).

IHH Healthcare : The integrated healthcare operator on Thursday announced net profit of RM732 million (S$221 million) for the quarter ended Dec 31, up 1 per cent from RM728 million in the corresponding year-ago period. This translated to earnings per share (EPS) of RM0.0831, compared to RM0.0826 in the fourth quarter of 2023. The group declared a final dividend per share of RM0.055, to be paid on Apr 28. Shares of IHH Healthcare declined 2.3 per cent or S$0.05 to S$2.15, before the announcement.

Jardine Cycle & Carriage (C&C) : It posted a 4.4 per cent rise in its underlying profit of US$602 million for the six months ended Dec 31. This came as revenue for the period rose 9 per cent to US$11.6 billion. But its full-year underlying profit was down 5 per cent at US$1.1 billion due to foreign exchange differences. Jardine C&C ended Thursday at S$26.72, up 0.2 per cent or S$0.06, before the announcement.