Stocks to watch: ST Engineering, CLI, Yangzijiang Shipbuilding, Sembcorp, Golden-Agri
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THE following companies saw new developments that may affect trading of their securities on Friday (Feb 27).
ST Engineering : The defence and engineering group on Thursday reported a net profit of S$365.7 million for the second half ended Dec 31, up 19.6 per cent from S$305.9 million in the previous corresponding period. Revenue rose 9.9 per cent to S$5.8 billion from S$5.2 billion, driven mainly by the defence and public security, as well as commercial aerospace segments. The board proposed a final dividend of S$0.05 per share, up from S$0.04 per share in the previous year. Shares of ST Engineering closed flat at S$5.06 on Wednesday.
CapitaLand Investment (CLI) : The group on Thursday posted a net profit of S$148 million for the second half ended December, from a loss of S$170 million in the year-ago period. The improvement in the bottom line was mainly due to reduced losses from the revaluation of investment properties, said the real estate group. Shares of CLI ended Wednesday 0.8 per cent or S$0.02 lower at S$2.50.
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