Stocks to watch: NetLink NBN Trust, SingPost, CSE Global, Revez
Goh Ruoxue
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.
CSE Global : The automation solutions provider has secured three contracts totalling S$47.5 million in the US and Singapore. The Singapore contract, which will be from the second half of 2023 to 2034, involves the supply, installation, integration and maintenance of communication and security systems for the government. The counter ended Thursday down 1.1 per cent at S$0.445, before the announcement.
Revez : The Catalist-listed group and its subsidiary Revez Motion have commenced a lawsuit in the High Court against seven former employees and a company called Zing Experiential Studio, for alleged breaches of contract, breaches of duties, and a conspiracy to injure Revez Motion. Revez shares ended flat at S$0.12 on Thursday, before the announcement.
