Stocks to watch: Seatrium, Food Empire, AEM, YZJ Shipbuilding, Hong Leong Asia

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

Seatrium : The marine engineering company on Thursday reported a 48.3 per cent increase in net profit to S$179.3 million for the second half, which helped double full-year earnings to S$323.6 million. Seatrium cited higher contributions from revenue recognition, a higher share of profit from associates and lower net finance costs. It proposed a final cash dividend of S$0.03 per share. Its shares fell 1.8 per cent or S$0.04 to close at S$2.21 on Wednesday.

Food Empire : The food and beverage company on Wednesday reported a 25 per cent higher net profit of US$37.1 million for the second half ended Dec 31, 2025, from US$26.8 million in the same period the year before. Revenue rose 20.6 per cent to US$302.9 million from US$251.1 million previously. The board proposed a final dividend of S$0.05 a share and a special dividend of S$0.04 a share. The counter ended 1.8 per cent or S$0.06 lower at S$3.27 on Wednesday, before the release of results.

AEM : The semiconductor equipment maker posted a net profit of S$13.9 million for H2 FY2025, up 32 per cent from S$10.5 million the year before. Revenue rose 1 per cent to S$209.1 million from S$206.8 million in H2 FY2024. The group on Wednesday attributed the improved performance to the “successful ramp-up to high-volume manufacturing” for its second artificial intelligence/high-performance computing customer. Shares of AEM closed down 1 per cent or S$0.02 at S$2.03 on Wednesday, before the news.

Yangzijiang Shipbuilding : The shipbuilder posted a net profit of 4.5 billion yuan (S$827.4 million) for the second half ended Dec 31, 24.6 per cent higher than the 3.6 billion yuan recorded in the corresponding year-ago period. Revenue stood at 15.6 billion yuan, a 15.8 per cent year-on-year increase from 13.5 billion yuan. The group on Wednesday attributed the improvement partly to a greater number of vessel deliveries and steady progress in construction activities. The counter closed Wednesday down 2.8 per cent or S$0.011 at S$3.85, before the news.

Hong Leong Asia : The company on Wednesday reported a 48.6 per cent increase in net profit for its half year ended Dec 31 to S$56.8 million, from S$38.2 million the year prior. Revenue stood at S$2.5 billion, up 26.2 per cent from S$2 billion in the corresponding period the year before. The board proposed a final dividend of S$0.03 per share. Shares of Hong Leong Asia ended 10.3 per cent or S$0.35 lower at S$3.05 on Wednesday, prior to the release of results.

Hong Leong Finance : The group on Wednesday announced a 40.8 per cent fall in net profit from S$51.5 million to S$30.5 million for the six months ended Dec 31. A final tax-exempt, one-tier dividend of S$0.0615 per share was proposed for the full year ended Dec 31. The dividend is payable on May 21, subject to shareholders’ approval. The counter ended 0.7 per cent or S$0.02 lower at S$2.72 on Wednesday, prior to the news.

Singapore Land Group : The property developer on Wednesday reported a 11 per cent drop in net profit for H2 FY2025 to S$160.9 million from S$180.5 million in the previous corresponding period. Revenue rose 6 per cent to S$414.9 million from S$390.5 million previously. This was largely driven by contributions from a newly acquired commercial building in Sydney, Australia, and improved performance of Singapore assets. Shares of Singapore Land closed down 1.6 per cent or S$0.06 at S$3.75 on Wednesday, before the news.

Sasseur Real Estate Investment Trust (Reit) : The manager of the trust on Thursday posted a distribution per unit of S$0.03083 for the second half of FY2025, up 5.3 per cent year on year from S$0.02929. It will be paid to unitholders on Mar 26. Distributable income for the period was S$43.3 million, a rise of 6.5 per cent from S$40.6 million a year prior. Units in Sasseur Reit ended flat at S$0.685 on Wednesday.

Acrophyte Hospitality Trust : Its distribution per stapled security for the second half was down 50.7 per cent year on year at US$0.00418. Revenue declined 5.1 per cent year on year to US$80.5 million on the back of a reduction in portfolio size. Units of the trust closed flat at US$0.255 on Wednesday.

Nanofilm Technologies : The company on Wednesday reported an 11.3 per cent fall in net profit for the second half ended Dec 31 to S$10.2 million, from S$11.5 million the year before. Revenue rose 13 per cent on the year to S$137.4 million from S$121.6 million previously. This was driven by sustained demand within its advanced materials business unit and a recovery in its industrial equipment segment. The counter ended Wednesday down 1.5 per cent or S$0.01 at S$0.645, before the news.