Stocks to watch: Alliance Mineral Assets, RHT Health Trust, Valuetronics, Frasers Property, Creative Technology

THE following companies saw new developments that may affect trading of their shares on Friday:

Alliance Mineral Assets: Increased expenses took a toll on results for Alliance Mineral for its second quarter. Net loss worsened to A$1.36 million (S$1.4 million), from a net loss of A$989,400 in the previous year, the group said on Friday morning. For the three months ended Dec 31, interest income surged almost four times to A$64,721 from the previous year due to a higher amount of Australia dollar short-term deposits placed following its placement exercised.

RHT Health Trust: An increase in borrowings and interest expenses dented results for healthcare owner RHT Health Trust for its third quarter. Distribution per unit (DPU) dipped to 1.09 Singapore cents from 1.19 Singapore cents in the preceding year. That came as Q3 income available for distribution fell 8.6 per cent to S$9.2 million from the year-ago period. For the three months ended Dec 31, gross revenue grew 3.1 per cent to S$23.2 million from the previous year.

Valuetronics: Increased demand for both industrial and consumer electronics lifted results for Valuetronics for its third quarter. Net profit went up 35.7 per cent to HK$58.2 million (S$9.9 million) from the previous year. For the three months ended Dec 31, revenue climbed 34.2 per cent to HK$788.3 million from the previous year.

Frasers Property: Frasers Property, formerly known as Frasers Centrepoint, posted a 59 per cent fall in net profit after fair-value change and exceptional items for the first quarter. The drop in Q1 2018 earnings to S$76.9 million from S$187.5 million for Q1 2017 was due in part to lower revenue, which fell 24 per cent to S$740 million for the first quarter compared to the year before. Before fair-value change and exceptional items, net profit for Q1 2018 was S$69.2 million, down 62 per cent from a year ago.

Creative Technology: Creative posted a net loss of US$4.2 million for its second quarter ended Dec 31, easing from the US$6.5 million loss a year ago. Turnover dipped 6 per cent to US$20.9 million for the quarter, due to the "uncertain and difficult market conditions" which continued to affect the sales of the group's products. Loss per share was US$0.06, compared to a loss per share of US$0.09 previously. No dividend was declared for the quarter.