Stocks to watch: SIA, Yangzijiang Shipbuilding, Q&M Dental, Elite UK Reit

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

Singapore Airlines (SIA): The group posted a 7.2 per cent year-on-year growth in passenger traffic for June, with demand driven by the mid-year school holidays and summer travel season. Together with its low-cost airline arm Scoot, it carried a total of nearly 3.2 million passengers for the month, up 9.7 per cent from the year prior. Shares of SIA closed at S$7.06 on Monday, up S$0.03 or 0.4 per cent, before the announcement.

Yangzijiang Shipbuilding : The mainboard-listed shipbuilder has agreed to acquire land for the establishment of a new clean energy ship manufacturing base. The land features about 1,320 metres of the Yangtze River shoreline, “offering a unique opportunity for efficient expansion”, said the group on Monday. Prior to the news, shares of Yangzijiang Shipbuilding closed at S$2.30, up S$0.04 or 1.8 per cent.