Stocks to watch: Singtel, Wilmar, CapitaLand Investment, City Developments, Yangzijiang Financial, Haw Par Corp

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

Singtel : The group’s Q1 net profit soared 317.4 per cent to S$2.9 billion from S$690 million in the year-ago period, Singtel said in its business update on Wednesday. The bottom-line growth came on the back of exceptional gains of around S$2.2 billion, primarily from the sale of a partial stake in Airtel and the Intouch-Gulf Energy merger. Shares of Singtel closed Tuesday 0.3 per cent or S$0.01 lower at S$3.92.

Wilmar International : The agribusiness group on Tuesday posted a net profit of US$594.9 million for H1, up 2.6 per cent from US$579.6 million in the year-ago period. This was attributed to stronger performances in its plantation and sugar milling, which rose on the back of higher palm oil prices and fresh fruit bunch production. Shares of Wilmar closed flat at S$2.97 on Tuesday, before the announcement.