Stocks to watch: Wilmar, ST Engineering, Sheng Siong, Starhill Global Reit, FEHT, CDLHT, First Reit, IReit Global

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Apr 30).

Wilmar International : The agribusiness group reported a 13.5 per cent increase in earnings for Q1 2025 to US$343.9 million from US$302.9 million in Q1 2024 on Tuesday. Revenue for Q1 2025 grew 3.3 per cent to US$16.2 billion from US$15.7 billion in the previous corresponding period. The growth in earnings was driven by better performance in the food products, plantation and sugar milling segments. Shares of Wilmar closed down 3.8 per cent or S$0.12 to S$3.02 on Tuesday, before the news.

ST Engineering : A wholly owned subsidiary of ST Engineering priced US$750 million in five-year notes with a 4.25 per cent fixed-rate coupon. The notes are expected to be issued on May 8, and will mature on May 8, 2030, ST Engineering said on Tuesday. Net proceeds of the issue will be used by the subsidiary, ST Engineering RHQ, to refinance existing borrowings, said ST Engineering. Shares of the group fell 0.4 per cent or S$0.03 to close at S$7.32 on Tuesday, ahead of the announcement.