Stocks to watch: Sembmarine, Golden Agri, ComfortDelGro, Bumitama, Silverlake Axis

THE following companies saw new developments that may affect trading of their securities on Tuesday (Nov 15):

Sembcorp Marine (Sembmarine): It posted a net order book of S$7.1 billion as at Sep 30, of which S$6.7 billion are new contracts acquired year to date. Despite acquiring new orders and completing key projects, the group said in a Q3 update on Tuesday that earnings will not offset “residual” Covid-19-related costs such as higher labour expenses. It expects losses for H2 FY2022 to be similar to that of H1. Shares of Sembmarine finished 0.8 per cent or S$0.001 lower at S$0.133 on Monday.

Golden Agri-Resources : The group on Monday reported a 148 per cent increase in earnings to US$285 million for its third quarter ended Sep 30, from US$115 million a year ago. This brought earnings for the first nine months of FY2022 up 151 per cent to US$675 million. The increase in palm oil prices drove revenue for the period up 18 per cent to US$8.6 billion. The counter closed 3.6 per cent or S$0.01 higher at S$0.285 on Monday, before the announcement.