Stocks to watch: Sats, Keppel, Sembcorp, Food Empire

THE following companies saw new developments that may affect trading of their securities on Wednesday (Aug 21):

Sats : The in-flight caterer and ground handler posted a net profit of S$65 million for the first quarter ended Jun 30, 2024, from a loss of S$29.9 million for the same period a year earlier. Revenue grew 15.5 per cent to S$1.4 billion from S$1.2 billion. Shares of the company rose 3.5 per cent or S$0.11 to close at S$3.22 on Tuesday, before the update.

Keppel : The asset manager inked a memorandum of understanding with the Asian Development Bank and Enterprise Singapore to explore US$800 million in energy-transition and environmental-sustainability opportunities in the Asia-Pacific region. The counter closed S$0.11 or 1.8 per cent higher at S$6.11 on Tuesday.