Stocks to watch: SIA, GuocoLand, Tan Chong International, Cordlife, IHH Healthcare

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

Singapore Airlines (SIA): The flag carrier on Friday announced it received approval from India’s government for foreign direct investment into the entity resulting from the merger of its 49 per cent-associated company, Tata SIA Airlines – operating as Vistara – and Air India. Completion of the merger is now expected by the end of the year, added the group. Shares of SIA ended Thursday S$0.02 or 0.3 per cent lower at S$6.21.

GuocoLand : The property developer’s net profit for the second half of FY2024 ended Jun 30 fell 58 per cent to S$62.8 million, from S$148 million in the same period the year before. Revenue declined to S$752.4 million, a 15 per cent drop from S$882.9 million, said GuocoLand on Thursday. It declared a first and final dividend of S$0.06 per share. Shares of GuocoLand fell 0.7 per cent or S$0.01 to close at S$1.50.