Stocks to watch: QAF, Vibrant

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

QAF : The multi-industry food company expects its operating performance before exceptional items for H2 of 2022 to exceed its H1 results, the company said in its profit guidance on Tuesday. QAF said its H2 performance is “typically” better than H1, although it had been challenging to comment on the trend in the current volatile environment. Shares of QAF traded flat at Tuesday’s closing at S$0.855.

Vibrant Group : The logistics services group and its subsidiaries have filed a 137.4 million yuan (S$26.8 million) legal claim against Vibrant Pucheng Logistics (Chongqing), the group’s 31 per cent-owned Chinese associated company, Vibrant said on Wednesday. This comes after the latter failed to make repayment to the subsidiaries Vibrant Development (Changshu), New Vibrant (Jiangsu) Supply Chain Management, and Sinolink Financial Leasing. Shares of mainboard-listed Vibrant Group closed unmoved at S$0.078 on Tuesday.