Stocks to watch: Golden Agri-Resources, Medtecs, Jardine C&C, UOL, ComfortDelGro

THE following companies saw new developments that may affect trading of their securities on Tuesday (Mar 1):

Golden Agri-Resources: E5H The mainboard-listed palm oil company on Tuesday reported a 71.2 per cent growth in net profit to US$323 million for the second half ended Dec 31, 2021, from US$188.6 million in H2 FY2020. The board has proposed a final dividend of S$0.01077 per share, bringing the total dividend for FY2021 to S$0.01605 per share. Golden Agri-Resources shares closed down 1.7 per cent or S$0.005 at S$0.285 on Monday.

Medtecs International: 546 The personal protective equipment (PPE) maker on Tuesday posted an 87 per cent drop in net profit to US$17.3 million for the full year ended Dec 31, 2021, from US$131.7 million in the year-ago period. This was mainly due to decreased demand and margins for PPEs and facemasks. Shares of Catalist-listed Medtecs closed 4 per cent or S$0.01 lower at S$0.24 on Monday.

Jardine Cycle & Carriage: C07 The mainboard-listed investment holding company's earnings for the financial year ended Dec 31, 2021 increased 22 per cent to US$661 million from S$540 million in FY2020. Its revenue grew 34 per cent year on year to US$17.7 billion, from US$13.2 billion, the company added in a filing on Monday. Prior to the announcement, the counter closed up 0.2 per cent or S$0.04 at S$21.84 on Monday.

UOL: U14 The mainboard-listed property developer posted a 127 per cent jump year on year in net profit to S$216.1 million for the second half ended Dec 31, 2021, from S$95.3 million. In its financial statements on Monday, the company noted that FY2021 earnings per share stood at S$0.3641, compared to S$0.0156 in FY2020. Shares of UOL finished Monday at S$6.98, down 1.8 per cent or S$0.13, before the announcement.

ComfortDelGro: C52 The mainboard-listed transport operator on Monday reported a 114 per cent increase in FY2021 earnings to S$130.1 million from S$60.8 million a year ago. Its board has proposed a dividend of S$0.021 per share. Shares of ComfortDelGro ended at S$1.41, down 0.7 per cent or S$0.01, on Monday before the announcement.

Ho Bee Land: H13 The mainboard-listed property developer saw net profit surge 141 per cent in FY2021 to S$330.5 million, from S$137.1 million in the year-ago period, it announced on Monday. The board has proposed a final dividend of S$0.10 per share. Prior to the filing, shares of Ho Bee Land rose 2.1 per cent or S$0.06 to finish Monday at S$2.86.

OUE: LJ3 The mainboard-listed property developer announced on Monday that its net profit for the financial year ended Dec 31, 2021 was S$80.9 million, reversing from losses of S$343.4 million the year before. However, its FY2021 revenue declined 43.3 per cent year on year to S$300.8 million from S$530.5 million, due mainly to lower contribution from the real estate segment. The counter closed at S$1.31, up 0.8 per cent or S$0.01, before the announcement.

Sinarmas Land: A26 The mainboard-listed property developer posted a net profit of S$145.7 million for the financial year ended Dec 31, 2021, a 44.7 per cent jump from S$100.7 million a year prior. This was despite FY2021 revenue declining 1.7 per cent year on year to S$895 million from S$910.4 million, largely due to lower sales of industrial land in Kota Deltamas, Indonesia. Prior to the announcement, Sinarmas Land shares closed down 2.3 per cent or S$0.005 to S$0.22 on Monday.