Stocks to watch: UOB, StarHub, Sats, AA Reit, Coliwoo, Avi-Tech Holdings
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (May 7):
UOB : UOB reported on Thursday that its net profit for the first quarter fell 4 per cent on a softer operating environment. Net profit for the three months ended Mar 31, 2026, came in at S$1.44 billion, compared with S$1.49 billion a year earlier. This was above the S$1.39 billion consensus estimate in a Bloomberg survey of four analysts. Shares of UOB closed 1 per cent or S$0.37 higher at S$36.65 on Wednesday.
StarHub : The telco posted a net profit of S$5.9 million for its first quarter ended Mar 31, down 81.3 per cent from S$31.8 million in the year-ago period. The group said in a Thursday business update that revenue fell 6.1 per cent to S$507.3 million from S$540.5 million in Q1 2025, amid lower contributions from its consumer and enterprise businesses. StarHub shares ended Wednesday down 1 per cent or S$0.01 at S$1.01.
Avi-Tech Holdings : The company’s founder and CEO Lim Eng Hong has sold a 29.9 per cent stake to Tan Xiangyang for a total consideration of S$17 million, which works out to about S$0.332 per share. Tan, who bought the substantial interest via Global Wave Venture, has also been appointed as executive chairman of the board. Meanwhile, Lim has stepped down as CEO and chairman of the listed company to focus on its subsidiary Avi-Tech Electronics. The married deal for 51.1 million shares lifted the company’s stock by 27 per cent or S$0.06 on Wednesday to S$0.28.
Sats : The cargo handler and in-flight caterer on Wednesday said it will acquire an additional 40 per cent stake in Nanjing Weizhou Airline Food Corporation for 312.6 million yuan (S$58 million). This will bring its total shareholding in the Chinese frozen aviation meal manufacturer to 90 per cent. Shares of Sats closed 0.9 per cent or S$0.03 higher at S$3.32 before the news.
Aims Apac Reit (AA Reit) : The real estate investment trust (Reit) posted on Thursday that its distribution per unit rose 4.1 per cent to S$0.0513 for its second half ended Mar 31, 2026, from S$0.0493 the year before. Distributable income grew 4.6 per cent year on year to S$42 million from S$40.2 million. Units of AA Reit closed flat at S$1.52 on Wednesday.
Coliwoo : The co-living operator on Wednesday posted a 43.9 per cent rise in net profit to S$13.4 million for its first half ended Mar 31, 2026, from S$9.3 million in the previous corresponding period. This was mainly due to full-period revenue contributions from properties launched in H2 2025, new management contracts, and higher rental and occupancy rates across most of the co-living properties. Earnings per share stood at S$0.028 for the period from S$0.0299. Shares of Coliwoo ended S$0.01 or 1.9 per cent lower at S$0.51 on Wednesday.
