Stocks to watch: SingPost, Thomson Medical, TalkMed, LHN, Dezign Format
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[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Aug 22):
Singapore Post (SingPost) : The postal service provider’s operating profit for the first quarter ended June came in at S$3.4 million, a 60 per cent year-on-year drop from S$8.4 million. The decrease comes on the back of increased market pressure and competition, said SingPost on Friday. Its property assets business – including SingPost Centre – is expected to remain stable, it added. The counter closed flat at S$0.50 on Thursday.
Thomson Medical : The group on Thursday announced that it obtained a S$225 million Islamic revolving credit facility from Maybank in Singapore. Proceeds will go towards repayment of the monies owed under its existing revolving credit facility and related costs, as well as towards the company’s working capital needs, capital expenditure and acquisitions. Shares of Thomson Medical ended Thursday at S$0.047, up 2.2 per cent or S$0.001, before the announcement.
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