Stocks to watch: Raffles Medical, iX Biopharma, Golden Energy, Jubilee, MCT, SGX

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

Raffles Medical BSL: The healthcare group on Monday announced a net profit of S$39.4 million for the six-month period ended June 30, 2021, up 128.7 per cent from S$17.2 million from a year ago on the back of its support for the government's Covid-19 initiatives. Shares of Raffles Medical rose 0.8 per cent or S$0.01 to close at S$1.21 on Friday.

iX Biopharma 42C: The speciality pharmaceutical company's rights issue closed on July 19 with valid acceptances and valid excess applications amounting to 196.2 per cent of the shares available for subscription, it said in a bourse filing on Monday. Some 48.8 million ordinary shares will be issued at S$0.20 per share, to raise net proceeds of nearly S$9.6 million. Shares of iX Biopharma closed at S$0.23 on Friday, down S$0.01 or 4.2 per cent.

Golden Energy and Resources AUE (Gear): The energy company announced on Sunday that it expects a "significant improvement" in its revenue and earnings for H1 ended June, mainly due to the higher average selling prices arising from an increase in coal prices. Gear shares climbed 2.8 per cent or S$0.01 to close at S$0.37 on Friday.

Jubilee Industries Holdings NHD: The electronics manufacturing services provider on Saturday announced it has entered into conditional placement letters with seven individuals to raise up to S$3 million via the issue of shares and warrants. Shares in Jubilee closed unchanged at 4.9 Singapore cents on Friday.

Mapletree Commercial Trust N2IU (MCT): The real estate investment trust on Friday reported an improvement to gross revenue and net property income during its first quarter, mainly due to lower rental rebates compared to a year ago, and compensation received from a pre-terminated lease. MCT units closed 0.5 per cent or S$0.01 lower at S$2.14 on Friday, before the announcement.

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Singapore Exchange S68 (SGX): The bourse operator announced on Friday that it will acquire single-source and direct-to-market FX trading platform MaxxTrader for a cash consideration of US$125 million. The acquisition is part of SGX's plans to build an integrated FX ecosystem and marketplace facilitating global access to over-the-counter, or OTC, trading and on-exchange currency derivatives. SGX shares closed 0.9 per cent or S$0.01 higher at S$11.80 on Friday following the announcement.

SIA Engineering Company S59 (SIAEC): The maintenance arm of Singapore Airlines on Friday reported an increase in net profit for its first quarter ended June on the back of higher revenue, as the number of flights handled continued to increase. Net profit for the three months rose 35.5 per cent to S$14.5 million, up from S$10.7 million in the prior-year period. SIAEC shares closed flat at S$2.08 on Friday, before the announcement.

iFast Corporation AIY: The wealth management platform on Friday reported a 55 per cent increase in net profit to S$7 million for its second quarter on the back of higher revenue and increased assets under administration. iFast shares rose 0.9 per cent or S$0.08 to close at S$9.18 on Friday, before the announcement.

Trading halt: CapAllianz Holdings 594 : 594 0%requested a trading halt on Monday morning, pending an announcement. CapAllianz shares fell 25 per cent or 0.1 Singapore cent to 0.3 cent on Friday.