Stocks to watch: SIA, Wilmar, Elite Commercial Reit
Michelle Zhu
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant