Stocks to watch: Wilmar, Keppel, IHH Healthcare, Koh Brothers Eco Engineering, Valuetronics

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (May 28):

Wilmar International : The company is among 10 crude palm oil (CPO) exporters under investigation for suspected under-invoicing and transfer-pricing practices, it was reported on Tuesday. Indonesia’s Finance Minister Purbaya Yudhi Sadewa said that the companies shipped or sold CPO to trading firms in Singapore, which then resold the cargo to the US after price mark-ups of as much as 50 per cent, raising concerns that a portion of export value may have been moved offshore. Shares of Wilmar closed flat at S$3.52 on Tuesday.

Keppel : It said on Tuesday that the Indonesian High Court upheld an earlier dismissal of an individual’s 2.28 trillion rupiah (S$186.3 million) claim over Jakarta land owned by its subsidiary. After the South Jakarta District Court on Feb 9 dismissed the individual’s claim over the disputed land, he submitted an appeal against the decision. Keppel shares closed 2.1 per cent or S$0.23 lower at S$10.84 before the news.

IHH Healthcare : The integrated healthcare operator on Tuesday reported a 3 per cent year-on-year rise in net profit to RM528 million (S$170.1 million) for its first quarter ended Mar 31. Revenue came in at RM6.6 billion, up 4 per cent on the year. The group attributed this to “sustained demand for quality healthcare services, a case mix of more acute patients and price adjustments to counter inflation”. Shares of IHH Healthcare closed flat at S$2.91 before the results were announced.

Koh Brothers Eco Engineering : The Catalist-listed engineering solutions provider has proposed a transfer to the mainboard of the Singapore Exchange, it announced on Wednesday. The board said listing on the mainboard will enhance the long-term value for the company’s shareholders. The counter closed at S$0.132 on Tuesday, down S$0.003 or 2.2 per cent.

Valuetronics : It posted a 69.8 per cent drop in net profit to HK$24.1 million (S$3.9 million) for the second half of its financial year ended Mar 31, 2026, from HK$79.9 million in the previous corresponding period. The fall was primarily driven by HK$48.4 million in net losses and impairment provisions recognised during the year in relation to its investment in Trio AI. In a separate filing on Thursday, Valuetronics announced that it has adopted a revised dividend policy, which aims to provide shareholders of the company with a target annual ordinary dividend payout of 50 to 70 per cent of net profit in any financial year. Shares of Valuetronics ended 1 per cent or S$0.01 lower at S$1.01 on Tuesday.