Stocks to watch: Shangri-La Asia, Sembcorp, MPACT, Starhill Global Reit, Oxley, Creative Tech

THE following companies saw new developments that may affect trading of their securities on Monday (Aug 26):

Shangri-La Asia : The hotel group on Friday posted a 28.1 per cent decline in net profit to US$94.5 million for the first half-year ended Jun 30, from US$131.4 million a year earlier. The fall in net profit was attributed to higher operating costs, as well as a year-on-year decrease in gains of non-operating items. Its shares closed flat at HK$4.95, before the results were released.

Sembcorp Industries : The group has resumed operations of its power plant in Mandalay, Myanmar. Sembcorp said it does not expect the plant’s prior temporary suspension to have a material impact on its earnings per share and net tangible assets per share for the current financial year. Shares of Sembcorp fell 0.2 per cent or S$0.01 to close at S$4.75 on Friday, before the announcement was made.