Stocks to watch: Singtel, SIA, Sembmarine, ESR-Logos Reit, Chip Eng Seng, Cosco Shipping

NEW developments at the following companies may affect trading of their securities on Thursday (Feb 16):

Singtel : The telecommunications provider on Thursday reported a net profit of S$532 million for the third quarter ended December 2022, down 27.6 per cent on-year from S$734 million. This comes after recording a net exceptional loss, mainly due to significant receivable provision by Airtel’s tower associate for a major customer. Shares of Singtel ended Wednesday, S$0.05 or 2 per cent lower at S$2.45.

Singapore Airlines : The airline, along with its budget arm Scoot, saw a four-fold increase in passengers in January compared to the previous year, although passenger capacity was down 2.7 per cent month on month. Demand was boosted by year-end peak return traffic and the Chinese New Year holiday season, the company said on Wednesday. Shares of Singapore Airlines closed at S$5.79, down 1.4 per cent or S$0.08 on Wednesday after the news.