Stocks to watch: SIA, SIA Engineering, Aztech Global, Challenger, Hafary

THE following companies saw new developments that may affect trading of their securities on Monday (Feb 20):

Singapore Airlines (SIA): The national airline’s subsidiary Scoot announced on Friday it will add nine new Embraer E190-E2 aircraft to its fleet to support its network growth strategy. It had signed a letter of intent with aircraft lessor Azorra to add the Brazilian aircraft, with the first jet scheduled for delivery in 2024 and the rest to be progressively introduced by end-2025, Scoot said. SIA shares fell 0.2 per cent or S$0.01 on Friday to close at S$5.84, before the announcement.

SIA Engineering Company (SIAEC): The group reported a 64.1 per cent year-on-year fall in net profit to S$12.8 million for its third quarter ended Dec 31, 2022, from S$33.2 million. The lower net profit came amid higher group expenditure, as this was the first quarter since the pandemic with no wage support, said SIAEC on Friday. SIAEC shares fell 1.2 per cent or S$0.03 to close at S$2.43, before the business update.