Stocks to watch: CDL, Delfi, Keong Hong, QT Vascular, Kimly

THE following companies saw new developments that may affect trading of their securities on Wednesday (Nov 17):

City Developments Limited (CDL): C09 The property developer has sold S$2.5 billion worth of units in the first nine months of the year, surpassing the amount it sold for the whole of 2020, the mainboard-listed company said on Tuesday (Nov 16). The group's 2021 performance was largely attributed to luxury developments. CDL shares closed at S$7.22 on Tuesday, up 0.3 per cent or S$0.02.

Delfi: P34 The chocolate and confectionary company on Tuesday (Nov 16) posted earnings before interest, taxes, depreciation and amortisation (Ebitda) of US$6.4 million for the third quarter ended September, up 20.8 per cent from Ebitda of US$5.3 million in the corresponding period last year. Delfi said the growth was due to a higher gross profit margin and tighter control on operating expenses. Shares of Delfi closed flat at S$0.745 on Tuesday (Nov 16), before the quarterly update.

Keong Hong: 5TT : 5TT 0% The mainboard-listed construction group is expected to report net loss for the full year ended September 2021 due to Covid-19-related disruptions to its operations, it announced on Tuesday (Nov 16). It had already reported net losses for 2 consecutive half-year periods. Shares closed at S$0.35 on Tuesday, up S$0.005 or 1.5 per cent.

QT Vascular: 5I0 The medtech company announced on Tuesday (Nov 16) that it has received a notice of intention from certain shareholders holding a more than 10 per cent stake in the company to call for an extraordinary general meeting (EGM) to oust chief executive officer and executive director Eitan Konstantino and 3 other members of the board. For the 9 months ended June 2021, QT Vascular recorded zero revenue and a net loss of US$728,000. Shares of QT Vascular last traded flat at S$0.01 before it called for a trading halt at 1.11 pm on Nov 16 pending the release of the announcement.

Kimly: 1D0 The coffeeshop and food court operator on Tuesday (Nov 16) said it does not have any plans to appoint new executive directors, following the resignation of former executive chairman Lim Hee Liat and former executive director and chief executive officer Chia Cher Khiang. Lim and Chia had resigned from their roles in the company on Nov 11, after they were charged under the Securities and Futures Act. Shares of Kimly closed S$0.01 or 2.7 per cent higher at S$0.38 on Nov 16, before the filing.

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Trading halt:

Vividthree OMK : OMK 0% has called for a trading halt on Wednesday (Nov 17), pending the release of an announcement. Shares last closed on Tuesday (Nov 16) at S$0.065, up S$0.001 or 1.6 per cent.