Stocks to watch: SIA, CDL, UOL Group, TalkMed, Amara, Seatrium

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Jul 16):

Singapore Airlines (SIA) : The national carrier and its low-cost arm Scoot reported a 4.5 per cent year-on-year increase in passenger traffic in June, according to the group’s operating results released on Tuesday. This was driven by strong demand for air travel across all route regions, supported by the start of the summer travel season and the mid-year school holidays in Singapore, noted SIA. The growth in passenger traffic of the group outpaced the 3.1 per cent year-on-year increase in passenger capacity in the same month. Shares of SIA closed Tuesday up 0.8 per cent or S$0.06 at S$7.36 on a cum dividend basis.

City Developments Ltd (CDL) : The property conglomerate announced on Tuesday the retirement of Philip Yeo, who backed executive chairman Kwek Leng Beng’s bitter boardroom battle against his son, chief executive officer Sherman Kwek earlier this year. Yeo has served the board for 16 years since May 2009, and “has given notice of his retirement as a non-independent non-executive director of CDL”, wrote CDL on Tuesday. The group’s shares closed down 0.2 per cent or S$0.01 at S$5.57 on Tuesday, before the announcement.