Stocks to watch: Sembcorp, SGX, Gallant Venture, GHY Culture, Dasin Retail Trust

THE following companies saw new developments that may affect trading of their securities on Tuesday (Feb 20):

Sembcorp Industries : The energy company posted a 15 per cent year-on-year rise in net profit to S$412 million for the second half of the year ended Dec 31, 2023. It was driven mainly by higher contributions from the gas and related services, as well as renewables segments, said the company on Tuesday. The board proposed a final dividend of S$0.08 per share, bringing total dividend for FY2023 to S$0.13 per share. Shares of Sembcorp closed on Monday down 0.2 per cent, or S$0.01, at S$5.75.

Singapore Exchange (SGX): It will issue S$300 million worth of notes under its S$1.5 billion multicurrency debt issuance programme. On Monday, the bourse operator announced that the notes will be issued on Feb 26, 2024, and will mature on Feb 26, 2027. It will have an interest rate of 3.45 per cent per annum, payable semi-annually in arrear. The notes will be issued in denominations of S$250,000. The counter closed flat at S$9.37, before the announcement.