Stocks to watch: Thai Beverage, BRC Asia, TSH Resources, Lum Chang

THE following companies saw new developments that may affect trading of their securities on Friday (Nov 22):

Thai Beverage (ThaiBev): The beverage company posted a net profit of 27.2 billion baht (S$1.1 billion) for its full year ended Sep 30, a slight drop of 1 per cent from 27.4 billion baht the year before. This comes as higher costs of living have dented the purchasing power of individuals, limiting consumer spending and affecting the domestic consumption of alcoholic and non-alcoholic beverages. Shares of ThaiBev closed 1 per cent or S$0.005 lower at S$0.515 on Thursday, before the release of the results.

BRC Asia : The steel solutions provider posted an 11 per cent year-on-year rise in net profit to S$55 million for its second half ended Sep 30. However, H2 revenue fell 21 per cent to S$723.1 million from S$909.9 million. This was mainly due to softening demand in the international trading business, in addition to lower steel prices for both the international trading business and domestic construction industry. The counter closed S$0.02 or 0.8 per cent higher at S$2.39 on Thursday, before the announcement of the results.