Stocks to watch: Keppel, Singapore Airlines, FEHT, CDLHT, Jardine Matheson

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

Keppel Corp BN4: The mainboard-listed conglomerate is back in the black for the first half-year, with positive contributions from most units. Keppel posted net profit of S$299.8 million for the six months to June 30, reversing the loss of S$537.1 million in the year-ago period from offshore and marine impairments. Keppel shares closed on Thursday at S$5.39, up by S$0.11 or 2.1 per cent, before the results announcement.

Singapore Airlines C6L (SIA): The flag carrier narrowed its first-quarter net loss to S$409.2 million, compared with S$1.1 billion a year ago, after a boost in passenger and cargo flown revenue, and the absence of non-cash impairment charges for the NokScoot liquidation. Shares of SIA on Thursday ended at S$5.18, up S$0.06 or 1.2 per cent, before the announcement.

Far East Hospitality Trust Q5T (FEHT): The group announced on Friday that its distribution per stapled security (DPS) rose 6.8 per cent to 1.10 Singapore cents for the half year ended June 30, compared to 1.03 cents for the year-ago period. Stapled securities of FEHT closed flat at S$0.58 on Thursday.

CDL Hospitality Trusts J85 (CDLHT): The stapled security group's distribution per stapled security (DPS) fell 19.2 per cent to 1.22 Singapore cents for its first half ended June 30, from 1.51 cents a year ago, it said on Friday. CDLHT units closed flat at S$1.23 on Thursday.

Jardine Matheson Holdings J36 (JMH): The group on Thursday reported a net loss of US$117 million for the first half ended June 30, 2021, narrowing from US$775 million a year ago. The counter ended at US$60.68 on Thursday, up US$0.28 or 0.5 per cent.

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Hongkong Land H78: A member of the Jardine Matheson Group, Hongkong Land narrowed its net loss to US$863.2 million for the half-year ended June 30, from US$1.80 billion a year ago. The counter ended at US$4.57 on Thursday, down US$0.04 or 0.9 per cent.

Jardine Cycle & Carriage C07 (Jardine C&C): The investment company on Thursday reported first-half underlying profits more than doubled on the back of looser Covid-19 restrictions in its regional markets. But net profit fell by 24.8 per cent to US$226.3 million, dragged down by non-trading items. Jardine C&C shares shed S$0.06 or 0.3 per cent to S$20.30 on Thursday, before the announcement.

Dairy Farm International D01: The Asian retail giant saw first-half earnings tumble on the back of seesawing shopper behaviour during the Covid-19 pandemic. Underlying net profit, which excludes non-trading items, fell by 69.5 per cent to US$32.1 million for the six months to June 30, from US$105.1 million in the year before, on lower contributions from the key grocery segment. The counter closed lower by US$0.03 or 0.8 per cent at US$3.98 on Thursday, before the results.

Starhill Global Reit P40U (SGReit): The retail landlord on Thursday announced a distribution per unit (DPU) of 2.07 Singapore cents for the second half, including the amount deferred from the previous financial year under Covid-19 relief measures. The latest payout takes the full-year DPU to 3.95 cents, against 2.96 cents the year prior. SGReit units closed at 60.5 Singapore cents, up half a cent or 0.8 per cent, before the results were released.

OUE Commercial Real Estate Investment Trust TS0U (OUE C-Reit): The Reit will make a first-half DPU of 1.23 Singapore cents, after having held back on a payout the year before. Distributable income was up by 3 per cent year on year to S$67.2 million for the six months to June 30. Units closed flat on Thursday at S$0.43, before the results were announced.

Sembcorp Marine S51: The marine and offshore engineering group posted a loss of S$647.2 million for the first half of FY2021, widening from a loss of S$192.1 million in the corresponding year-ago period. Shares in Sembmarine closed 1.8 per cent or 0.2 Singapore cent lower at 10.8 cents on Thursday, before the results announcement.

Frasers Hospitality Trust ACV: The Reit's hotels' performance generally picked up from the start of the financial year to end-June, the manager said in a third-quarter update on Thursday. Frasers Hospitality Trust units closed on Thursday at 52 Singapore cents, up by half a cent or 1 per cent, before the announcement.

Sheng Siong Group OV8: The supermarket operator's net profit fell 11.9 per cent to S$65.9 million, as revenue slipped 8.8 per cent to S$681.7 million. Sheng Siong shares closed down S$0.01 or 0.6 per cent at S$1.56, before the announcements.

GuocoLand F17: The Urban Redevelopment Authority (URA) on Thursday said it has awarded the tender for Lentor Central site to GLL D Pte Ltd, an indirect subsidiary of GuocoLand. Shares of GuocoLand closed flat at S$1.58 on Thursday, after the announcement.