Stocks to watch: DBS, Yoma, Hatten Land, Thomson Medical, StarHub

THE following companies saw new developments that may affect trading of their securities on Monday (Feb 14):

DBS: D05 The bank's net profit for the fourth quarter ended Dec 31, 2021 soared 37 per cent to S$1.4 billion, from S$1 billion the year before. Its full-year net profit is a record S$6.8 billion, up 44 per cent year on year (yoy) from S$4.7 billion. The counter closed at S$37.25, up 1.1 per cent or S$0.40, on Friday before the results.

Yoma Strategic Holdings: Z59 : Z59 0% In a business update on Monday, the mainboard-listed group said its core operating Ebitda (earnings before interest, taxes, depreciation, and amortisation) and profitability grew yoy despite 17.7 per cent lower revenue for the Q1 ended December 31, 2021. Yoma attributed the lower topline to a sharp drop in Myanmar's GDP (gross domestic product) over the past year. Its shares closed S$0.001 or 0.7 per cent lower at S$0.139 on Friday.

Hatten Land: PH0 The Malaysian property developer on Sunday posted a narrower loss of RM30.7 million (S$9.88 million) for the half year ended Dec 31, 2021, from a net loss of RM42.4 million (S$13.6 million) in the year-ago period. The group's loss per share for H1 2022 stood at 1.86 sen. Shares of Hatten Land closed lower on Friday by 4 per cent or S$0.002 at S$0.048, before the announcement was made.

Thomson Medical: A50 The healthcare provider on Friday reported a 54.1 per cent rise in net profit to S$12.5 million for the six months ended Dec 31, 2021, attributable to an increase in patient load, higher average bill size, and project-related services. Earnings per share rose to 0.047 cents from 0.031 cents a year ago. Thomson Medical shares ended up 1.2 per cent or S$0.001 at S$0.085 on Friday, before the business update.

StarHub: CC3 The telecommunications company reported on Friday a 27.5 per cent rise in earnings for the second half of the year ended Dec 31 to S$81 million, up from S$63.5 million from a year ago. The company proposed a final dividend of S$0.039 per share, bringing the total FY2021 dividend to S$0.064. StarHub shares closed flat at S$1.33 on Friday before the results were released.

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First Sponsor Group: ADN The property developer reported after market hours on Friday that its net profit increased by 17.7 per cent yoy to S$121 million for the full year ended Dec 31, 2021. A second interim cash dividend of 2.35 Singapore cents for FY2021 was announced, in lieu of a final dividend. This brings the total dividend declared for the year to 3.45 cents. Shares of the company ended at S$1.33 on Friday, down 0.75 per cent or S$0.01.

UG Healthcare: 8K7 The glove maker reported on Friday that its net profit for H1 FY2022 had tumbled 61 per cent yoy to S$21.2 million due to lower average selling prices and softer production volumes. Earnings per share stood at 3.45 Singapore cents, shrinking from 9.05 cents a year ago. Shares of UG Healthcare closed at S$0.285 on Friday, down S$0.005 or 1.7 per cent before the financial statement was released.

iX Biopharma: 42C The pharmaceutical company reported on Friday a net profit of S$3.7 million for the first half of the fiscal year ended Dec 31, 2021, compared with a net loss of S$2.8 million from a year ago. Its growth in net profit is credited to the out-licensing of Wafermine, its lead drug under development, to Seelos Therapeutics in November 2021. Shares of iX Biopharma closed up S$0.023 or 12 per cent at S$0.215 on Friday, after the results were announced.

Wilmar International: F34 Wilmar Pakistan Holdings, a unit of the investment holding company, has increased its stake in Pakistan-listed Unity Foods as part of a rights issue exercise. It has subscribed for an additional 170.4 million ordinary shares in Unity Foods at 27 Pakistani rupees per share, totalling PKR4.6 billion (about S$35.3 million) in cash. Shares of Wilmar International ended flat at S$4.45 on Friday before the announcement.

Mapletree North Asia Commercial Trust (MNACT), Mapletree Commercial Trust (MCT): RW0UN2IU : N2IU 0% The first court hearing for MNACT's trust scheme application related to its merger with MCT has been rescheduled to Feb 21, 10am, from Feb 18, 2.30pm, MNACT's manager said in a bourse filing on Feb 14 (Monday). On Friday, MNACT units closed 2.7 per cent or S$0.03 lower at S$1.09, while MCT units closed 0.5 per cent or S$0.01 lower at S$1.839.

Straits Trading Company: S20 A wholly-owned unit of the corporation, Straits Real Estate, is acquiring two freehold office buildings in Australia for about A$150 million (S$143.9 million). The transaction will be funded by internal resources and bank borrowings. Shares of Straits Trading ended at S$3.27, down S$0.03 or 0.9 per cent on Friday before the announcement was made.

Luminor Financial Holdings: 5UA : 5UA 0% Its wholly-owned subsidiary, Starland Axis, has agreed to buy a 71.6 per cent stake in equity and debt crowdfunding platform Funded Here for S$4.1 million. The acquisition will expand its financial solutions business to include a peer-to-peer equity and lending based crowdfunding marketplace service regionally, Luminor said on Saturday. Shares of Luminor closed down S$0.005 or 5.4 per cent at S$0.087 on Feb 11.

Mapletree Logistics Trust: M44U The majority of the real estate investment trust's (Reit) unitholders voted in favour of its plan to acquire 13 logistics assets in China and 3 properties in Vietnam. They are also supportive of the proposed issue of 106 million new units in MLT as partial consideration for the acquisitions in China. Units of MLT closed at S$1.75, down 1.7 per cent or S$0.03 on Friday before the announcement was made.