Stocks to watch: MPACT, GP Industries, Azeus, Unusual, Old Chang Kee
THE following companies saw new developments that may affect trading of their securities on Friday (May 31):
Mapletree Pan Asia Commercial Trust (MPACT): The real estate investment trust is divesting Mapletree Anson, a 19-storey office building in Tanjong Pagar, for S$775 million. This represents a gain of S$10 million, or 1.3 per cent over the book value and valuation of the building. Units of MPACT closed flat at S$1.22 on Thursday, before the announcement.
GP Industries : The mainboard-listed battery maker reported a net loss of S$67.6 million for its second half ended Mar 31, compared with a net profit of S$2.2 million in the previous corresponding period. Revenue slipped 1.9 per cent to S$543.9 million from S$554.5 million. Shares of GP Industries closed flat at S$0.525 on Thursday, before the results were announced.
Azeus Systems : The IT solutions and products provider posted a 91 per cent rise in net profit to HK$57.6 million (S$10 million) for its second half ended March 2024, from HK$30.3 million the year before. Revenue for the half year rose 44 per cent to HK$196.1 million from HK$136.5 million, driven by robust growth in its products segments. Shares of the company closed 3.6 per cent or S$0.30 higher at S$8.70 on Thursday, before the announcement.
Unusual : The concert promoter sank into the red with a net loss of S$6.4 million for its second half ended Mar 31, compared with a net profit of S$752,285 in the same period a year earlier. This follows a 64.8 per cent decline in revenue to S$8.1 million from S$22.9 million. Shares of the Catalist-listed company closed 0.6 per cent or S$0.001 lower at S$0.17 on Thursday, before the announcement.
Old Chang Kee : The home-grown food chain said on Thursday that it posted a 50 per cent year-on-year rise in net profit to S$5.3 million for its second half ended Mar 31. Higher retail, delivery, catering and non-retail sales drove its top line for the half year up 10 per cent to S$50.7 million. Shares of the Catalist-listed company closed flat at S$0.725, before the results were announced.
Trading halt: Jasper Investments requested a trading halt on Friday morning, pending the release of announcements. Shares of the investment holding company ended Thursday unchanged at S$0.001.
