Stocks to watch: Singtel, Genting Singapore, Venture, HRnetGroup, Aztech Global

THE following companies saw new developments that may affect trading of their securities on Friday (Feb 23):

Singtel : Its net profit for the third quarter ended Dec 31, 2023, was down 12.5 per cent to S$465 million due to a higher net exceptional loss mainly from Optus and Airtel, reported the telecommunications operator on Friday. Operating revenue for the quarter declined 3.2 per cent year on year to S$3.6 billion in the absence of contributions from Trustwave, as well as a depreciation in the Australian dollar. Singtel gained S$0.02 or 0.8 per cent to S$2.39 at Thursday’s close.

Genting Singapore : The resort operator reported a 31 per cent rise in net profit to S$334.9 million for the second half of FY2023, from S$255.7 million in the previous corresponding period. The company said on Thursday that this was mainly on the back of significant post-pandemic recovery of its businesses across the board, leading to strong revenue gains. Revenue for H2 rose 26 per cent to S$1.3 billion, from S$1.1 billion a year earlier. The counter closed S$0.01 or 1 per cent higher at S$1.03, before the announcement.