Stocks to watch: Sats, The Hour Glass, Japan Foods, Manulife US Reit

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

Sats : The in-flight caterer on Friday reported net profit of S$38.7 million for the three months ended Mar 31, 2025, gaining 18.3 per cent from S$32.7 million in the corresponding year-ago period. This indicates earnings per share of S$0.026 for the quarter, compared with S$0.022 in Q4 FY2024. Revenue for the fourth quarter was S$1.5 billion, up 10.4 per cent year on year from S$1.3 billion, driven by growth in business volume and rate improvements. The group has proposed a final dividend of S$0.035 per share, which will be paid on Aug 15. This is higher than the final dividend of S$0.015 per share in the corresponding year-ago period. Shares of Sats ended flat at S$2.98 on Friday.

The Hour Glass : The retailer of luxury watches reported a 6 per cent drop in net profit to S$74.4 million in the six months ended March 2025, from S$79.5 million in the year-ago period. Revenue was at S$622.6 million, up 9 per cent year on year from S$571.3 million. Earnings per share stood at S$0.1148 for the half-year period, down from S$0.1217 previously. The luxury watch retailer said on Friday that for the full year, profits had been affected by increased operating expenses driven by inflationary pressures on rents and wages combined with a fair value adjustment on investment properties. Shares of The Hour Glass closed flat at S$1.61 on Friday, before the results were released.