Stocks to watch: IHH Healthcare, Wing Tai, Yeo Hiap Seng

THE following companies saw new developments that may affect trading of their securities on Friday (Aug 26):

IHH Healthcare : The Malaysian hospital group on Thursday reported a 27 per cent rise in its net profit for the second quarter ended Jun 30, bringing net profit for the quarter to RM612.1 million (S$190.2 million) from RM483.3 million for the same period last year. Earnings per share for Q2 2022 rose to 6.69 sen, from 5.26 sen for the same period in 2021. It now stands at 12.05 sen for the first half of the fiscal year, versus 9.29 sen in the year-ago period. The counter closed 3.7 per cent or S$0.07 higher at S$1.98, before the results announcement. 

Wing Tai : On Thursday, the property and retail company reported full-year net profit of S$140.2 million for FY2022, a jump of 222 per cent from S$43.6 million for the previous financial year. This increase primarily came from higher contributions from Wing Tai Properties in Hong Kong, as well as Uniqlo in Singapore and Malaysia. Wing Tai declared a final dividend of 3 Singapore cents per share and a special dividend of 3 cents per share, subject to shareholders’ approval in the upcoming annual general meeting. Wing Tai shares closed flat at S$1.61 on Thursday.