Stocks to watch: mm2 Asia, CSE Global, Yoma Strategic Holdings, Boustead, Jardine C&C, Vicom, Riverstone

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Nov 11):

mm2 Asia : The entertainment company called for a trading suspension on Tuesday morning before market open. The group on Monday applied to the High Court of Singapore for a moratorium pursuant to the Insolvency, Restructuring and Dissolution Act. This comes after it received a S$74.6 million payment demand from UOB. The moratorium it is seeking could prohibit winding-up resolutions from being passed for a four-month period. Its shares closed on Monday 25 per cent or S$0.001 down at S$0.003.

CSE Global : The company has entered into an agreement to issue nearly 63 million new warrants to Amazon.com NV Investment Holdings, a wholly owned subsidiary of Amazon. The warrants are tied to full vesting conditional on Amazon and its affiliates making qualifying payments for products and services totalling US$1.5 billion. Assuming all warrants are exercised, the company stands to raise proceeds of about S$48.3 million, which it intends to use entirely for general working capital. Shares of CSE Global closed at S$0.830, S$0.01 or 1.2 per cent up, on Monday before the announcement. 

Yoma Strategic Holdings : The group on Tuesday posted a net loss for the first half-year ended September of US$5.7 million, narrowing the US$10.5 million loss in the same period the year before. The improved performance is due to higher revenue and stronger core profitability, according to Yoma Strategic. Revenue for H1 FY2026 was up 19.3 per cent year on year to US$113.6 million, from US$95.2 million. The counter closed 2.4 per cent or S$0.002 up at S$0.086 on Monday before the release of results.

Boustead : The mainboard-listed group’s net profit for the half-year ended September fell 3 per cent year on year to S$34.9 million. Revenue stood relatively flat from the year-ago period at S$294 million amid slower real estate revenue recognition, and flat contributions from the energy engineering business that was impacted by US tariffs. The counter ended Monday at S$1.77, up by S$0.01 or 0.6 per cent, before the announcement.

Jardine Cycle & Carriage (Jardine C&C) : Its 2025 underlying profit is expected to be “broadly similar” to that of 2024, despite weaker year-to-date contributions from Astra International, in which it has a 50.1 per cent stake. This comes amid improvements in its non-Astra International businesses for the nine months ended Sep 30, 2025, as well as favourable translation gains on corporate loans, the group said in a third-quarter interim management statement. Its shares ended Monday 0.1 per cent or S$0.04 higher at S$32.74.

Vicom : The vehicle-inspection company posted S$9.9 million in profit after taxes and minority interests for the third quarter ended Sep 30, up 45 per cent year on year. Its revenue rose 36 per cent in Q3 to S$41.6 million, lifted by installation works of on-board units in vehicles, as part of Singapore’s refreshed Electronic Road Pricing system. The counter ended Monday at S$1.59, down by S$0.01 or 0.6 per cent.

Riverstone Holdings : The glovemaker posted a drop of 28 per cent in net profit to RM52 million (S$16.3 million) for the third quarter ended Sep 30, from RM72.2 million in the year-ago period. On Monday, it said its revenue fell 17.1 per cent to RM247.5 million, from RM298.4 million, amid lower blended average selling prices for healthcare gloves amid intensified market competition. Shares of Riverstone closed down 0.6 per cent or S$0.005 at S$0.865 on Monday, before the announcement.