Stocks to watch: SIA, MIT, Sats, NetLink NBN Trust, Japfa, Amara, LHN

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (May 16).

Singapore Airlines (SIA): The company posted a 65 per cent rise in net profit to S$2 billion for the second half of FY2025 ended March, boosted by the non-cash accounting gain from the Air India-Vistara merger. That one-off gain of S$1.1 billion also lifted the group’s full-year net profit to a record S$2.8 billion, against FY2024’s S$2.7 billion, which was the previous record. Revenue rose 1.9 per cent to S$10 billion, marking another record-high from the S$9.9 billion in the year-ago period, the group – which includes budget airline Scoot – said in its financial results released on Thursday. SIA shares closed 0.3 per cent or S$0.02 up at S$6.88, before the announcement.

Mapletree Industrial Trust (MIT): The trust divested three of its Singapore industrial properties to Brookfield Asset Management for S$535.3 million, the manager announced on Friday. The assets – The Strategy, The Synergy and the Woodlands Central Cluster – were sold at a 2.6 per cent premium over their combined independent valuation of S$521.5 million. The sale price also represents a 22.1 per cent increase from MIT’s original investment cost of S$438.4 million. Units of MIT closed flat on Thursday at S$1.94.