Stocks to watch: SIA, Wilmar, Elite Commercial Reit

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

Singapore Airlines (SIA): The national carrier posted a 15.8 per cent increase in passenger traffic in December 2023 during the year-end peak travel season. Its revenue passenger-kilometres and passenger capacity for the month were up compared with the prior year’s levels. Before the announcement on Monday, the counter closed 0.2 per cent or S$0.01 higher at S$6.53.

Wilmar International : The agribusiness group on Tuesday said it has zero tolerance for corrupt practices after its China subsidiary denied involvement in an alleged palm oil fraud. Wilmar added that it does not condone any corrupt acts by any of its employees or office holders. The counter closed 0.3 per cent or S$0.01 lower at S$3.44 on Monday.