Stocks to watch: Sats, Great Eastern, Wing Tai, Beng Kuang Marine, Capital World

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Aug 21):

Sats : The airline caterer on Wednesday reported a 9.1 per cent year-on-year rise in net profit to S$70.9 million for the first quarter ended Jun 30, 2025, on the back of growth in aviation cargo and food service volumes. Revenue for Q1 rose 9.9 per cent to S$1.5 billion. Of this, about S$1.2 billion came from gateway services, 11.2 per cent higher than in the year-ago period, due to a larger customer portfolio. Shares of Sats closed at S$3.18, down 1.6 per cent or S$0.05, before the results were released.

Great Eastern : The Singapore insurance company is resuming trading on Thursday after a proposed bonus share issue lifted its free float to above 10 per cent. It was suspended from trading in July 2024 when its free float fell below 10 per cent, following a failed takeover bid by parent company OCBC. Most recently, its Q2 earnings were down 11 per cent at S$248.2 million. Shares of Great Eastern last traded at S$25.80 on Jul 15, 2024.