Stocks to watch: NetLink NBN Trust, SingPost, CSE Global, Revez

THE following companies saw new developments that may affect trading of their securities on Friday (Aug 18): 

NetLink NBN Trust : The trust posted on Thursday a 2.1 per cent gain in its profit after tax to S$28.2 million for the first quarter ended Jun 30, thanks to contributions from more ancillary projects. Its revenue for the quarter rose by S$6 million, or 6.2 per cent, to S$103.9 million. NetLink units ended flat at S$0.86, before the release of the results.

Singapore Post (SingPost): The group on Friday reported an operating profit of S$11.9 million for the first quarter of FY2024 ended Jun 30, up 11.8 per cent from S$10.6 million in the corresponding year-ago period. The growth was attributed to the group’s transformation into a logistics enterprise and overseas markets. SingPost shares closed on Thursday at S$0.485, down 1 per cent or S$0.005.