Stocks to watch: SIA, First Sponsor, Sasseur Reit, First Reit, TalkMed, UOI

THE following companies saw new developments that may affect trading of their securities on Wednesday (Feb 21):

Singapore Airlines (SIA): The national carrier recorded a net profit of S$659 million for the third quarter ended Dec 31, 2023, rising 4.9 per cent from S$628 million in the corresponding year-earlier period. The rise was driven by robust passenger demand after a rebound in North Asian markets, said the group on Tuesday. Shares of SIA closed up 1 per cent or S$0.07 at S$7.37, before the announcement.

First Sponsor Group : The property developer’s profits fell by 96.8 per cent to S$1.9 million for the second half ended Dec 31, 2023, from S$59.9 million a year earlier. This came as the group’s top line for the period also decreased 52.9 per cent year on year to S$147 million, from S$312.2 million. The company said on Tuesday that this was after revenue from the sale of properties and property financing fell. The counter ended unchanged at S$1.19, before the release of the results.