Stocks to watch: SIA, Seatrium, OUE Healthcare

THE following companies saw new developments that may affect trading of their securities on Thursday (May 16):

Singapore Airlines (SIA): The national carrier is said to be rewarding eligible employees with a profit-sharing bonus of 7.94 months for FY2024, following the group’s record earnings, The Business Times has learnt. This comes as the airline posted its highest earnings of about S$2.7 billion for the year ended Mar 31, up 24 per cent from the year before. Its top line was up 7 per cent year to a record high of S$19 billion. SIA shares fell 0.4 per cent or S$0.03 to S$6.81 on Wednesday, before the results were released.

Seatrium : It was awarded a contract from Single Buoy Moorings, an SBM Offshore company, for the topside fabrication and integration of a floating production storage and offloading vessel. Work is slated to commence in Q3 2024, announced the group on Thursday. Shares of Seatrium ended Wednesday S$0.21 or 11.7 per cent lower at S$1.59, after the group was announced as one of five heavyweight counters to be removed from the MSCI Singapore Index.