Stocks to watch: CapitaLand, Olam, Golden Agri, Isetan, Sasseur Reit, First Resources

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

CapitaLand C31: The property giant on Friday reported earnings of S$922.2 million for the first half ended June 30, 2021, nearly 10 times its profit of S$96.6 million in the year-ago period. The group attributed this to the nascent economic recovery of its two core markets, Singapore and China. Shares of CapitaLand ended Thursday flat at S$4.09.

Olam International O32: The agri-food giant on Friday said it intends to pursue a primary listing of its food and ingredients business on the London Stock Exchange, with a concurrent listing on the Singapore Exchange. Separately, it also posted a net profit of S$421.5 million for the half-year ended June 30, 26.7 per cent higher than the S$332.7 million it posted a year ago. Olam shares closed at S$1.44, up 2.9 per cent or S$0.04, on Thursday.

Golden Agri-Resources E5H: The palm oil plantation company on Friday reported a net profit of US$153 million for the first half of 2021, versus a net loss of US$157 million posted in the same period a year ago, thanks to higher revenue from its plantations and palm oil mills segment. Shares of Golden Agri-Resources closed flat on Thursday at S$0.235.

Isetan Singapore I15 : I15 0%: The department store operator returned to the black with a profit of S$1.3 million in the first half of 2021, from a loss of S$317,000 in H1 2020. The recovery came as its stores were able to remain operational throughout the six-month period, the company said on Friday. Shares of Isetan closed flat at S$4.51 on Thursday.

Sasseur Reit CRPU : CRPU 0%: The real estate investment trust (Reit), which owns outlet malls in China, on Friday posted a distribution per unit (DPU) of 1.614 Singapore cents for the three months ended June 30, up 6.7 per cent from the DPU of 1.512 cents in the year-ago period. Units of Sasseur Reit closed 1.6 per cent or 1.5 Singapore cents lower at 94.5 cents on Thursday, before the announcement.

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First Resources EB5: The palm oil producer on Friday announced a 16.7 per cent drop in net profit to US$32.6 million for the six months ended June 30, from US$39.1 million a year ago, dragged by the impact of higher export taxes implemented in Indonesia since December 2020. The counter closed 1.4 per cent or S$0.02 higher at S$1.41 on Thursday.

UOL Group U14: The property company on Thursday evening posted a S$91.3 million net profit for the first half of this year, a turnaround from its net loss of S$82.1 million for the corresponding period last year, due to a substantial increase in revenue from property development and a sharp drop in fair-value losses. Shares of UOL fell 0.4 per cent or S$0.03 to close at S$7.23 on Thursday, before the results were released.

Ho Bee Land H13: Higher rental income and development profits drove a 16.5 per cent increase in the real estate developer's net profit to S$105.5 million for the first half of this year, from S$90.6 million in the year-ago period, it said on Thursday. Shares of Ho Bee Land finished flat at S$2.85 on Thursday, before the results were released.

Yandlord Land Group Z25: The property group's net profit rose 67 per cent to 823.4 million yuan (S$174.5 million) for the half-year ended June 2021, from 492.9 million yuan in the year-ago period, it said on Thursday. Yanlord Land shares closed flat on Thursday, at S$1.13, before the release of the results.

Genting Singapore G13: The hospitality and integrated resorts group on Thursday posted S$88.2 million in profits for the six months ended June 2021, reversing a year-ago loss, as operations at Resorts World Sentosa are open again, although with fewer visitors than in pre-pandemic days. Shares of Genting Singapore closed flat at S$0.80 on Thursday, before the results were released.

BlackGold Natural Resources 41H: The Indonesian coal miner said on Thursday its planned acquisition of Mongolian mining and energy firm Tengri Coal and Energy (TCE) has been scrapped. Shares of BlackGold tumbled 6.3 per cent or 0.1 Singapore cent to close at 1.5 cents on Thursday, before the announcement.