Stocks to watch: Sembcorp, Great Eastern, Sheng Siong, Aspen

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

Sembcorp Industries U96: The conglomerate has flagged an impairment of S$212 million for its 49 per cent-owned Chongqing coal mine joint venture for its H1 2021 financial results, although it expects net profit will remain positive, it said on Monday. Shares of Sembcorp Industries closed at S$2.09 on Friday, down S$0.01 or 0.5 per cent.

Great Eastern G07 : G07 0%: The insurance provider announced on Monday that its net profit doubled to S$669.9 million for the half-year period ended June 30, 2021, although its second-quarter profit fell 22 per cent to S$232.3 million. Shares of Great Eastern ended 0.4 per cent or S$0.08 lower at S$21.61 on Friday.

Yangzijiang Shipbuilding BS6 : BS6 0%: The company on Friday announced orders for 12 vessels as well as a letter of intent for dual-fuel containerships, bringing the total contract value for these transactions to US$1.58 billion. The counter ended at S$1.37 on Friday, down S$0.01 or 0.7 per cent, prior to the announcement.

Sheng Siong OV8: The mainboard-listed supermarket chain said on Friday it was buying a strata-titled shop unit at New World Centre for a below-market value of S$17.25 million. It added that the deal is not expected to have any significant impact on its performance for the financial year. Sheng Siong said earlier last week that it was looking for new retail space, after reporting earnings of S$65.9 million for the six months to June 30. Sheng Siong shares added S$0.01 or 0.6 per cent to close at S$1.57 on Friday.

Aspen (Group) Holdings 1F3: The Malaysian property development group has warned of an impending net loss for the half year ended June 30, noting that its glove-making subsidiary Aspen Glove Sdn Bhd racked up "significant pre-operating expenses" since January, leaving it loss-making despite recognising revenue on May 29. Financial results are expected by Aug 14. The counter closed 0.7 per cent or 0.1 Singapore cent lower at 14 cents on Friday.

GET BT IN YOUR INBOX DAILY

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

Sign UpVIEW ALL

Trading halts: Keppel Corp BN4, Keppel Reit K71U, Singapore Press Holdings T39 and SPH Reit SK6U called the trading halts within minutes of each other, pending announcements, before the market opened on Monday. All four counters closed higher on Friday.

Keppel was up 1.9 per cent or S$0.10 to S$5.49, while Keppel Reit gained 0.8 per cent or S$0.01 to S$1.20. SPH advanced 1.1 per cent or S$0.02 to end the week at S$1.88, while SPH Reit rose 0.6 per cent or 0.5 Singapore cent to 91.5 cents.

Singapore Kitchen Equipment Ltd 5WG : 5WG 0%, which has traded flat since Thursday at 5.9 Singapore cents, also called a trading halt pending an announcement.