Stocks to watch: Sembcorp, CapitaLand Ascott Trust, Thomson Medical, Oxley, Civmec

THE following companies saw new developments that may affect trading of their securities on Tuesday (Aug 29):

Sembcorp Industries : The group has received a letter of intent from the Energy Market Authority to explore the development of offshore wind farms in Vietnam to export electricity to Singapore. The project will span about 200,000 hectares of sea area across two sites off the shores of South Vietnam. The counter closed up 1.7 per cent or S$0.09 at S$5.48 on Monday, before the announcement.

CapitaLand Ascott Trust (Clas) : The stapled group has received valid acceptances of 36.6 per cent for the 100.5 million new stapled securities to be issued under the preferential offering announced on Aug 3. Clas units closed at S$0.985, down S$0.015 or 1.5 per cent on Monday, before the results were released.

Thomson Medical Group : The mainboard-listed healthcare provider posted a 66.7 per cent drop in net profit to S$13.8 million for its second half ended Jun 30, 2023. This came as revenue for the period fell due to lower income received from project-related services resulting from the closure of vaccination centres. Its counter closed at S$0.058 on Monday, up S$0.001 or 1.8 per cent, before the results were announced.

Oxley Holdings : The mainboard-listed property developer sank further into the red with a net loss of S$83.4 million for the second half ended Jun 30, from S$20.3 million in the same period the year before. The group saw lower revenue being recognised for development projects in Singapore, it said on Monday. Its shares closed 1.1 per cent or S$0.001 higher at S$0.095, before the announcement.

Civmec : The construction and engineering services provider reported on Monday a 4.4 per cent rise in net profit to A$29.4 million (S$25.6 million) for the half-year ended Jun 30, 2023.This was despite a 1.9 per cent fall in revenue to A$412 million for the period, compared to A$419.9 million in the previous year. Its counter closed up 2.5 per cent or S$0.02 at S$0.815 on Monday, before the results were released.