Stocks to watch: Singtel, CapitaLand Investment, StarHub, Food Empire, Far East Orchard

THE following companies saw new developments that may affect trading of their securities on Thursday (Nov 9):

Singtel : The telco on Thursday posted a net profit of S$2.1 billion for the first half ended Sep 30, 82.6 per cent higher than the S$1.2 billion posted in the same period last year. This was supported by an exceptional gain from regional associate Telkomsel’s integration of IndiHome, a fixed broadband provider in Indonesia. Singtel’s shares closed 4.8 per cent lower, or S$0.12, to S$2.36 on Wednesday.

CapitaLand Investment (CLI): The property giant posted a 3 per cent drop in revenue to S$2.1 billion for the nine months ended Sep 30, as its real estate investment business recorded an 8 per cent decline in revenue. This was partially offset by a 9 per cent growth in its fee income-related business at S$799 million, said the manager on Thursday. CLI’s counter closed 1.3 per cent, or S$0.04 lower at S$3.04 on Wednesday.