Stocks to watch: Raffles Medical, Bumitama, StarHub, DBS, Yeo Hiap Seng

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

DBS: The group said it was facing legal tussles in India arising from its recent takeover of troubled Lakshmi Vilas Bank (LVB) in a response to queries by The Business Times on Saturday. DBS's shares closed at S$25.63 on Friday, down 13 Singapore cents or 0.51 per cent.

StarHub: The telco's earnings rose 3.5 per cent year on year in the last quarter, helped by government wage subsidies amid the Covid-19 pandemic. Revenue was down by 4.8 per cent to S$579.5 million for the quarter. StarHub shares ended lower on Friday by 1 Singapore cent or 0.78 per cent, at S$1.28, before the results.

Raffles Medical: The group on Monday announced a net profit of S$65.9 million for the year ended Dec 31, 2020, representing a 9.3 per cent increase from its FY2019 profit of S$60.3 million on the back of higher revenue. A final dividend of 2 Singapore cents per share has been declared. The counter closed 0.5 per cent higher at 98.5 cents on Friday.

Bumitama Agri: The Indonesian palm oil producer on Monday posted a net profit of 685.14 billion rupiah (S$64.4 million) for the second half of fiscal 2020, up 51.9 per cent from 451.07 billion rupiah a year ago, on the back of higher palm oil prices. Shares of mainboard-listed Bumitama Agri closed at 54 Singapore cents on Friday, down 0.5 cent or 0.9 per cent.

Singapore Medical Group (SMG): The group posted a 36.1 per cent fall in net profit from S$13.7 million to S$8.7 million for the year ended Dec 31 on Friday. Revenue for FY2020 was S$87.3 million, down 7.7 per cent year on year from S$94.7 million due to a fall in patient load and closure of non-essential medical services during the "circuit breaker". Shares of SMG were down 4.8 per cent, or S$0.02, at S$0.40 on Friday's closing.

BT in your inbox

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

Sign Up

Sign Up

Singapura Finance: The bank on Friday evening posted a fall in earnings by 36.3 per cent to S$4.78 million for FY2020 ended December, hit by a S$2.3 million net charge for loan impairment losses. Shares of Singapura Finance closed flat at S$0.875 on Friday before the announcement.

GK Goh: GK Goh announced on Friday that earnings for H2 ended December rose 27 per cent to S$6.6 million, on the back of a resilient showing from its corporate services segment, as well as growth in its aged care and investment businesses. A first and final dividend of 2 Singapore cents per share for FY2020 was also proposed. Shares of GK Goh closed at S$0.935 on Friday before the announcement, down 0.53 per cent.

Roxy-Pacific Holdings: The property group posted a S$32.3 million net loss for H2 ended December, versus a S$30 million net profit a year ago, the mainboard-listed company announced on Friday after the market close. Shares of Roxy-Pacific closed flat at S$0.35 on Friday.

Isetan Singapore: The company said on Friday that it expects to report a net loss for FY2020 ended December. Shares of Isetan Singapore closed flat at S$4.45 on Friday before the announcement.

Yeo Hiap Seng: Beverage player Yeo Hiap Seng recorded a S$3.3 million loss for H2 ended December, versus a S$3.1 million net profit a year ago, as sales took a hit from the impact of Covid-19. It also announced a final dividend of 2 Singapore cents share for FY2020, with the option to receive the dividend in scrip. Its shares closed at S$0.77 on Friday, up 0.65 per cent before the announcement.

Dyna-Mac Holdings: The company on Sunday posted a net loss of S$11.7 million for the fourth quarter ended Dec 31, 2020, compared with the S$24.1 million loss in the year-ago period. Revenue rose 3.3 per cent to S$30.1 million in Q4 FY2020 from S$29.1 million in Q4 FY2019 - mainly due to higher project progress achieved. The counter closed 0.3 Singapore cent lower at 10.3 Singapore cents, on Friday.