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Stocks to watch: Keppel Corp, SATS, Sheng Siong, OSIM
THE following companies had announcements that could lead to some trading interest on Friday.
Keppel Corp: With no new rig orders in sight so far this year, the rigbuilder said on Thursday it is still in the midst of working out financing for vessels that it is building for Sete Brasil and has also delayed the construction of a drillship that it is still trying to find a buyer for.
SATS: The airport ground-handler and food solutions provider reported on Thursday a 14.5 per cent year-on-year rise in net profit to S$49.6 million for the first quarter ended June 30, 2015, boosted by lower expenses, higher contributions from associates/joint ventures as well as a net gain from the transfer of business to a joint venture.
Sheng Siong: The supermarket chain said on Thursday its net profit for the second quarter ended June 30, 2015, jumped 23.1 per cent to S$13.6 million, from S$11.1 million in the year-ago period. The group's gross margin has improved steadily over the past few quarters.
OSIM International: The lifestyle products group continued to be bugged by weak retail sentiment in Asia, posting on Thursday a net profit of S$22.5 million for its second quarter ended June 30, 2015 -- 24 per cent lower than a year ago. Revenue continued a double-digit-percentage decline seen in the first quarter, down 13 per cent to S$159.5 million.