Stocks to watch: Singtel, SBS Transit, Raffles Education, Creative Technology

THE following companies saw new developments that may affect trading of their securities on Monday (Aug 21):

Singtel : The telecommunications operator on Monday posted a net profit of S$483 million for the first quarter ended Jun 30, down 23.1 per cent from S$628 million in Q1 FY2022, as it registered an exceptional net loss mainly from Airtel. Operating revenue also dropped 2.7 per cent to S$3.5 billion from S$3.6 billion on depreciation in the Australian dollar. Singtel closed down 0.9 per cent, or S$0.02, at S$2.34 on Friday.

SBS Transit : The public transport operator was awarded the Bukit Merah Bus Package for a second consecutive term, marking its third bus tender award won under the new bus contracting model. With the latest contract win, SBS Transit remains the biggest public bus operator holding a 55 per cent market share. The counter closed down 1.2 per cent or S$0.03 at S$2.57 on Friday, before the news.