Stocks to watch: UOL, Singapore Land Group, Wing Tai, Yoma Strategic, Japan Foods

THE following companies saw new developments that may affect trading of their securities on Friday (Feb 10):

UOL Group : U14 0%, Singapore Land Group : U06 0%: The 80:20 joint-venture company between UOL Group and Singapore Land Group, United Venture Development, purchased Meyer Park on Thursday for S$392.18 million during the third en bloc attempt. This was slightly higher than its guide price of S$390 million. UOL was down 0.1 per cent or S$0.01 to S$6.93; Singapore Land was 0.4 per cent or S$0.01 lower at S$2.30 at market close on Thursday.

Wing Tai : W05 0%: The property and retail company reported on Thursday a net profit of S$63.3 million for the first half-year ended Dec 31, 2022, an increase of 18 per cent from the year-ago period. This is despite a 15 per cent drop in revenue to S$261 million in the same period. Wing Tai shares dropped 0.7 per cent or S$0.01 to close at S$1.52 on Thursday.