Stocks to watch: Singtel, ST Engineering, Wilmar, CapitaLand Investment, Sembcorp, UOL and more

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Aug 13):

Singtel : The telco on Thursday reported a 71.6 per cent fall in first-quarter net profit to S$818 million. It attributed the decline to exceptional gains from the sale of a partial stake in Airtel and the Intouch-Gulf Energy merger in the same quarter last year. Underlying net profit, on the other hand, was up 21 per cent at S$831 million, driven by Airtel, AIS, NCS, Optus and its Digital InfraCo arm. Shares of Singtel fell 0.5 per cent or S$0.02 to S$4.29 after the market closed on Wednesday.

ST Engineering : On Thursday, the company posted a 27.1 per cent rise in net profit to S$512.1 million for its first half ended Jun 30, from S$402.8 million in the previous corresponding period. This was mainly due to growth across all its business segments. Shares of ST Engineering closed S$0.08 or 0.78 per cent higher at S$10.28 on Wednesday.

Wilmar International : The agribusiness on Wednesday reported a net profit of US$608.9 million for its H1 ended Jun 30, up 2.3 per cent from US$594.9 million for the year-ago period. The group attributed this to stronger performance in the food, feed and industrial products segments. Shares of Wilmar closed 0.5 per cent or S$0.02 lower at S$3.94 on Wednesday, before the results were announced.

CapitaLand Investment (CLI) : The company recorded a 14 per cent increase in net profit to S$327 million for H1 this year, driven by stronger fee income from its fund management platforms. Operating net profit – which excludes portfolio gains, unrealised revaluations and impairments – rose 13 per cent year on year to S$293 million, from S$260 million previously. Revenue for the six-month period fell 2 per cent to about S$1.02 billion, it said on Thursday. Shares of CLI rose 0.4 per cent to close S$0.01 higher at S$2.73 on Wednesday.

Sembcorp Industries : The energy and urban solutions provider on Thursday said its net profit for its H1 ended Jun 30 tumbled 72 per cent to S$150 million, hit by one-off acquisition costs. Excluding exceptional items, deferred payment note foreign-exchange effects, and fair-value changes on energy derivatives, underlying net profit for H1 FY2026 fell 25 per cent to S$369 million. Sembcorp shares rose 1.1 per cent to close S$0.06 higher at S$5.72 on Wednesday.

UOL Group : The property developer on Wednesday posted a 23 per cent year-on-year increase in net profit to S$252.2 million for its H1 ended Jun 30, from S$205.5 million. This was driven mainly by a higher share of profits from joint venture property developments and net fair-value gains on investment properties. Earnings per share for H1 rose to S$0.2980, from S$0.2433 a share in the same period a year prior. Shares of UOL Group ended 2.4 per cent or S$0.24 higher at S$10.17 on Wednesday, before the results release.

City Developments Ltd (CDL) : The property developer on Thursday said it trebled its net profit for its H1 ended Jun 30 to S$301.6 million, driven by a robust performance in its property development segment. Revenue for the half year grew 61.1 per cent to S$2.72 billion, from S$1.69 billion in H1 FY2025. The board declared a tax-exempt one-tier interim dividend of S$0.06 a share, double the S$0.03 a share declared for the year-ago period. Shares of CDL rose 0.5 per cent to close S$0.40 higher at S$7.86 on Wednesday.

AEM : The semiconductor test-equipment maker posted a net profit of S$31 million for the half year ended Jun 30, it said on Wednesday. This was up from S$3.1 million in the previous corresponding period, and came on the back of stronger demand for its test equipment from artificial intelligence chipmakers. The growth was driven by the company’s fabless AI and high performance computing customer. Shares of AEM rose 0.9 per cent S$0.09 to S$9.63 on Wednesday, before the announcement.

Hong Leong Asia : The group on Wednesday reported a 64.1 per cent increase in net profit to S$91.9 million for its H1 ended Jun 30, from S$56 million for the previous corresponding period. This was on the back of higher sales volumes for precast and ready-mix concrete in its building materials unit, as well as strong engine unit sales from its main subsidiary Yuchai. Revenue for H1 rose 17.6 per cent year on year to S$3.1 billion, from S$2.7 billion. Shares of Hong Leong Asia ended 0.6 per cent or S$0.02 higher at S$3.10 on Wednesday, before the results were released.

StarHub : It posted a jump in net profit to S$258.1 million for its H1 ended Jun 30, from S$47.9 million in the previous corresponding period. This was mainly due to a one-off non-operating gain from the termination of aggregate assigned rights in Ensign InfoSecurity. Shares of StarHub closed at S$1.08 on Wednesday, S$0.01 or 0.9 per cent lower, before the results were announced.

Ultragreen.ai : The company posted a 53 per cent rise in net profit to US$39.2 million for the six months ended Jun 30, from US$25.7 million in the year-ago period. This was driven by stronger sales of its ICG pharmaceutical products, it said on Wednesday. Shares of UltraGreen.ai ended the day 5.6 per cent or US$0.07 higher at US$1.33.

Food Empire : The group returned to the black in H1, with a net profit of US$35.4 million, it said on Wednesday. This was driven by revenue growth across all six of its geographical segments. The mainboard-listed instant beverage maker had posted a net loss of US$1.5 million in the corresponding year-ago period. Shares of Food Empire closed 0.4 per cent or S$0.01 higher at S$2.51 on Wednesday, before the results were released.

Centurion Corp : The company on Wednesday reported a 64 per cent decline in net profit for its H1 ended Jun 30, falling to S$26.5 million from S$73.9 million in the corresponding year-ago period. This was due to higher net fair-value losses on investment properties and a lower share of profits from associated companies. Revenue for the half year grew 31 per cent to S$184.9 million, from S$140.7 million previously. The counter ended flat at S$1.70 prior to the news.

PropNex : On Thursday, real estate agency PropNex posted a 3.1 per cent drop in net profit to S$40.9 million for the first six months ended Jun 30, from S$42.3 million in the previous corresponding period. Revenue grew 0.7 per cent to S$603 million from S$598.9 million, driven by higher commission income from agency services. PropNex shares ended Wednesday 0.5 per cent or S$0.01 lower at S$1.89.

NTT DC Reit: The manager of the pure-play data centre real estate investment trust (Reit) on Wednesday posted a net property income of US$27.9 million for the three months ended Jun 30. This beat the initial public offering projection of US$26.6 million by 5 per cent. Units of NTT DC Reit closed 0.5 per cent or US$0.005 higher at US$0.935 on Wednesday, before the results were announced.

Yangzijiang Financial Holdings : The company posted a 29 per cent year-on-year drop in profit from its continuing operations to S$38.3 million for its H1 ended Jun 30, from S$53.9 million. Its overall net profit fell 72 per cent over the same period, after its maritime investments business was classified as a discontinued operation following its spin-off and listing as Yangzijiang Maritime Development on Nov 18, 2025. Earnings per share for the half year stood at S$0.011, down from S$0.0396 in the year-ago period. The counter ended 4.3 per cent or S$0.01 lower at S$0.22 on Wednesday, prior to the release of the results.