Stocks to watch: SIA, SIA Engineering, F&N, Singapore Institute of Advanced Medicine, Silverlake

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

Singapore Airlines (SIA): The national carrier recorded a 14.4 per cent year-on-year rise in group passenger traffic to 12.6 billion for January 2024. This was outpaced by passenger capacity, which rose 16.5 per cent to 14.7 billion from 12.7 billion, due to the Chinese New Year shifting to February. SIA’s counter climbed 1.3 per cent or S$0.09 to end at S$7.23 on Thursday, before the announcement.

SIA Engineering Company (SIAEC): The aircraft maintenance provider posted a net profit of S$26.9 million for its third quarter ended Dec 31, 2023, more than double the S$12.8 million in the corresponding period a year earlier. Revenue for the quarter increased 40.2 per cent to S$291.7 million from S$208.1 million, said the company on Thursday. Shares of the SIAEC rose S$0.02 or 0.9 per cent to close at S$2.32, before the update.