Stocks to watch: Wilmar, Jardine Matheson, Jardine C&C, Hongkong Land, DFI Retail, Raffles Medical, Mandarin Oriental, Clint

THE following companies saw new developments that may affect trading of their securities on Monday (Jul 31):

Wilmar International : The agribusiness group said on Sunday that it has entered into a deal with several Moroccan investors to dispose of its entire 30.1 per cent equity stake in Casablanca Stock Exchange-listed Cosumar, a Moroccan sugar producer and distributor. The total cash consideration for the sale is about 5.96 billion Moroccan dirhams (S$812.3 million). Wilmar, which has its Singapore headquarters at one-north, closed S$0.01 or 0.3 per cent higher at S$3.84 on Friday. 

Jardine Matheson Holdings : The group announced on Friday a net profit of US$566 million for the first half of 2023, up 34 per cent from US$423 million in the year-ago period. The growth is attributed to the continuous strong results from Astra and DFI Retail, two top performers in Jardine Matheson’s portfolio. Prior to the announcement, shares closed 1 per cent or US$0.47 higher at US$49.65.