Stocks to watch: SIA, Nio, Genting Singapore, CDL, United Hampshire US Reit, GHY, Ossia

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Aug 4):

Singapore Airlines (SIA): The flag carrier was downgraded to a “sell” by UOB Kay Hian on Aug 1, with its target price reduced to S$6.03 from S$6.63. Maybank also downgraded the national airline to a “sell” rating on Jul 29, lowering its target price to S$6.75 from S$6.85, as did CGS International, downgrading it to a “reduce” and cutting its target price to S$6.80 from S$6.88. SIA’s profit plunged 58.8 per cent for its first quarter ended June on drag from Air India and tariffs hurting its cargo business. The counter ended Friday up 0.3 per cent or S$0.02 at S$6.82.

Nio : The electric vehicle (EV) maker on Friday announced its delivery of 21,017 vehicles for July 2025. This consisted of 12,675 vehicles from its premium smart EV brand Nio, 5,976 vehicles from its family-oriented smart EV brand Onvo, and 2,366 vehicles from its small smart high-end electric car brand Firefly. Year to date, it has delivered 135,167 vehicles, a 25.2 per cent increase on the year. The counter closed 5.5 per cent or US$0.25 higher at US$4.79, before the announcement.