Stocks to watch: Sembmarine, SCI, Wilmar, Great Eastern, CDL, OKP, Haw Par

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

Sembcorp Marine (Sembmarine): The marine and offshore engineering group on Tuesday said its net loss for the second half widened to S$390.4 million from S$130.3 million a year ago. Excluding impairments, its net loss for the six months ended Dec 31, 2020, would have been S$246 million. Shares of mainboard-listed Sembmarine closed flat at 15.2 Singapore cents on Monday.

Sembcorp Industries (SCI): The group on Tuesday said it sank into the red with an S$866 million net loss for the second half ended Dec 31, 2020, compared with a net profit of S$56 million a year ago. Shares of mainboard-listed SCI closed at S$1.62 on Monday, down S$0.01 or 0.6 per cent.

Wilmar International: The mainboard-listed firm posted its highest-ever total cash dividend since listing, at S$0.195 per share for FY2020 in the full-year earnings disclosed on Monday after trading hours. It has also proposed a special dividend of S$0.065 and a final dividend of S$0.09 per share for the half year ended December. Net profit for FY2020 surged 18.6 per cent to US$1.53 billion, on the back of an 18.5 per cent rise in revenue to US$50.5 billion, driven by growth across all segments. Shares of Wilmar closed at S$5.51 on Monday, down S$0.06 or 1.1 per cent, before the results release.

Great Eastern Holdings: The insurance arm of OCBC on Tuesday posted a 19 per cent increase in net profit to S$341.3 million for the fourth quarter ended Dec 31, 2020, from S$287 million a year ago. This brings the group's earnings for the full year to S$960.6 million, down 4 per cent from the previous year amid less favourable financial market conditions in 2020, said Great Eastern in its results filing. The counter ended Monday S$0.07 or 0.3 per cent lower at S$20.50.

City Developments Limited (CDL): The property developer announced on Monday that it will be acquiring a 55 per cent stake in a Shenzhen technology park from its joint-venture investment Sincere Property Group and from two entities of China Ping An for 850 million yuan (S$174 million). Real estate consultancy Cushman & Wakefield has valued the tech park at 8.8 billion yuan. Shares of CDL closed at S$7.20 on Monday, up S$0.07 or 1 per cent.

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Haw Par Corporation: Earnings for FY2020 fell 34.3 per cent to S$119.8 million while revenue for the full year plunged 54.5 per cent year on year to S$111.03 million, hit by weak consumer spending amid the Covid-19 pandemic. But its bottom line still exceeded revenue, thanks to S$106.8 million in other income, arising from dividend and interest income. Shares of Haw Par Corp closed at S$12.18 on Monday, up S$0.41 or 3.5 per cent, before the results announcement.

ISDN Holdings: The company announced a projected revenue of S$361.9 million for the full year ended Dec 31, 2020, approximately 24 per cent higher compared to FY2019 on Monday. It also expects to record more than 80 per cent growth in profit for FY2020 after offsetting allowances for impairment. The counter closed 7.5 per cent or five Singapore cents lower at 61.5 cents on Monday.

OKP Holdings: The construction firm posted on Monday earnings of S$3.3 million for FY2020 ended December, reversing a year-ago S$378,000 net loss. Revenue for the full year fell 14.5 per cent to S$69.6 million, mainly due to weakness in the construction and maintenance segments, where contributions fell 7.8 per cent and 32.9 per cent respectively. Shares of OKP closed flat at 17.6 Singapore cents on Monday.

MC Payment: The company made its Catalist debut on Monday following the successful completion of the reverse takeover of Artivision Technologies on Feb 18. Shares of MC Payment closed at 54 Singapore cents on Monday, down 1.5 cents or 2.7 per cent.

KTL Global: The group announced that it was expecting losses for FY2020 due to the decline in service income of the group amid the outbreak of Covid-19, as well as the impairment of doubtful debts recognised in Q4 FY2020 pertaining to collection of trade receivables. Shares of KTL Global closed at 8.9 Singapore cents on Monday, up 0.5 cent or 6 per cent.

AEI Corp: The aluminium products manufacturer said on Monday that it expected losses for FY2020, attributable to the operating loss of the extrusion business, the impairment of assets or investments, compliance costs and new venture startup costs. Shares of AEI closed flat at S$1.10 on Monday.