Stocks to watch: Jardine C&C, StarHub, First Resources, Civmec, GP Industries, Japan Foods
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THE following companies saw new developments that may affect trading of their securities on Thursday (Nov 14):
Jardine Cycle and Carriage ( Jardine C&C ): The investment holding company’s earnings for the first nine months of the year were down slightly year on year, it announced on Wednesday. This was due to currency exchange differences that offset higher underlying profits for the group’s businesses in Indonesia, as well as larger sales volumes in Vietnam. Shares of Jardine C&C ended at S$27.85, down S$0.03 or 0.1 per cent, before the news.
StarHub : The telecommunications operator on Wednesday reported a net profit of S$40.4 million for its third quarter, up 11.1 per cent from S$36.4 million in the year-ago period. This was despite a 5.8 per cent fall in the group’s top line due to the timing of revenue recognition in the cybersecurity services segment. Prior to the results announcement, shares of StarHub closed 0.8 per cent or S$0.01 lower at S$1.19.
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