The Business Times
business-time-50
SUBSCRIBERS

Stocks to watch: Sembcorp, IHH Healthcare, GuocoLand, Frasers Centrepoint Trust

google-preferred-sourceAdd BT as a preferred source
Zhao Yifan

Zhao Yifan

Published Wed, Aug 30, 2023 · 08:20 AM
    • Real estate group GuocoLand's net profit for the second half-year ended Jun 30 has fallen 54.5 per cent to S$148 million.
    • Real estate group GuocoLand's net profit for the second half-year ended Jun 30 has fallen 54.5 per cent to S$148 million. PHOTO: GUOCOLAND

    THE following companies saw new developments that may affect trading of their securities on Wednesday (Aug 30):

    Sembcorp Industries : The energy company and its longstanding partner Becamax announced on Tuesday that they have received approvals to develop four new industrial parks in Vietnam. This will bring the total number of Vietnam-Singapore industrial parks in Sembcorp’s portfolio to 17, making it the largest collaboration between the two countries. The company also unveiled plans for 10 more prospective parks. Shares of Sembcorp closed at S$5.47, down S$0.01 or 0.2 per cent before the news. 

    IHH Healthcare : The Malaysian hospital operator reported on Tuesday a 51 per cent drop in net profit to RM301.8 million (S$87.9 million) in the second quarter ended Jun 30, 2023, from RM612.1 million in the year-earlier period. The fall was due to an absence of exceptional earnings, which pushed up the base last year. Prior to the announcement, shares of IHH Healthcare closed unchanged at S$1.75.

    Stocks to watchSingapore Stocks

    TRENDING NOW

    As household size is hardly growing, is there a need to build super-large landed homes?

    Think twice about rebuilding that old landed property into a super-big house to max out GFA

    Trading under the symbol SPCX, SpaceX has picked a handful of brokerage firms to distribute shares in the IPO to retail customers in the US.

    SpaceX’s US$1.75 trillion IPO: How retail investors, including those in Singapore, can buy shares

    The departure of food manufacturing operations from Singapore may not necessarily be reason for concern.

    Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned

    Source of wealth establishment processes are typically the most time-intensive elements in onboarding ultra-high-net-worth clients.

    Battle for Asia’s ultra-rich: ‘Singapore can’t afford to keep losing clients to Dubai, Hong Kong’

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More