Stocks to watch: ThaiBev, Seatrium, SIA Engineering, StarHub, Sinarmas Land, Frasers Property, FHT, Cordlife

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (May 13).

Thai Beverage : The Chang beer maker announced on Friday that its profit for the second quarter ended Mar 31, 2025, decreased 3.2 per cent on the year to 6.7 billion baht (S$263.5 million), from a restated profit of seven billion baht. The group’s Q2 and H1 FY2024 financials have been restated for comparative purposes due to the consolidation of beverage maker Fraser & Neave in September 2024, said ThaiBev in a bourse filing. The profit decline is due to lower earnings in spirits and others segments. Revenue for the three months ticked down 0.6 per cent to 85.4 billion baht, from a restated top line of 85.8 billion baht in Q2 FY2024. This decrease is due to a fall in sales for beer, food, non-alcoholic beverages and other businesses, but partially offset by an increase in sales from spirits. Shares of ThaiBev were up 1 per cent or S$0.005 at S$0.515, before the announcement.

Seatrium : The group announced on Tuesday that it won a floating storage regasification unit (FSRU) conversion contract from floating energy infrastructure provider Hoegh Evi, Norway. The contract covers the conversion and longevity of liquefied natural gas carrier, Hoegh Gandria, to an FSRU, which includes the installation of a regasification skid, as well as the integration of key supporting systems such as cargo handling, utility, offloading, electrical and automation systems. Shares of Seatrium closed 1 per cent or S$0.02 higher at S$2.03 on Friday.