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Stocks to Watch: Ezra, SPH, ST Engineering, Nera
THE following stocks had announcements or developments that could affect trading activity on Friday.
Ezra Holdings: The offshore support vessel owner swung to a net loss of US$3 million in the third quarter of FY15, as other expenses (net) hit US$2.3 million - a reversal from Q3 FY14's other income (net) of US$383,000. Revenue dipped 3 per cent to US$390.7 million in Q3 FY15.
Singapore Press Holdings (SPH): The media group delivered a better-than-expected performance for its fiscal third quarter ended May 31, 2015, posting a 9.6 per cent rise to S$98.2 million in net profit attributable to shareholders.
Singapore Technologies Engineering (ST Engineering): It announced on Thursday that its aerospace arm has secured new contracts worth S$920 million in the second quarter of this year.
Nera Telecommunications: Its subsidiary has received a contract of about S$10.6 million to supply card payment terminals and software for a financial institution in South-east Asia.