Stocks to watch: Sats, FLCT, Boustead Singapore

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (May 26): 

Sats : The ground handler on Monday posted a net profit of S$50.7 million for its fourth quarter ended Mar 31, an increase of 31 per cent from S$38.7 million in the year-ago period. Its revenue for the three months rose 9.8 per cent to S$1.6 billion from S$1.5 billion. The counter closed Monday 2.7 per cent or S$0.09 higher at S$3.37, before the news.

Frasers Logistics and Commercial Trust (FLCT) : The manager on Monday said that the trust has acquired equity interests in four property-holding companies, which collectively own two freehold logistics properties in Germany and another two in the Netherlands. The purchase price agreed upon for the properties is about 294.9 million euros (S$441.5 million). This works out to a 1.5 per cent discount to their appraised value, and a 0.9 per cent discount to the average of two independent valuations for each property. Units of FLCT closed flat at S$0.98 on Monday, prior to the news.

Boustead Singapore : The engineering and technology group on Monday posted a net profit for its second half ended Mar 31 of S$197.7 million, up 235 per cent from the same year-ago period. This came on the back of revenue increasing 43 per cent to S$330.4 million, a results release noted. The counter ended trading at S$2.57, up S$0.15 or 6.2 per cent, before the announcement.