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Stocks to watch: SGX, Sheng Siong, CDL Hospitality Trusts, Indofood, Yoma
The following stocks may be in focus on Friday:
Singapore Exchange's chief executive officer said his company is still in the running to win a listing of the shares of Saudi oil giant Aramco, in what could be the world's biggest initial public offering.
Supermarket chain Sheng Siong Group reported higher third-quarter earnings, lifted by a rise in revenue and a S$2.2 million refund of previous years' taxes. Net profit for the three months as at end-September rose 25.3 per cent year-on-year to S$19.6 million.
CDL Hospitality Trusts posted on Friday a 3 per cent dip in distribution per stapled security, reflecting the effects of a rights issue completed in August. Distribution per stapled security (DPS) for the three months ended Sept 30, 2017 stood at 2.29 Singapore cents, compared with 2.36 Singapore cents in the year-ago quarter.
Indofood Agri Resources on Friday posted a 36.8 per cent fall in net profit for the third quarter, dragged by higher fertiliser application, higher operating expenses and foreign currency fluctuations. Net profit for the three months ended Sept 30, 2017 stood at 101 billion rupiah (S$10 million) compared to 159 billion rupiah in the year-ago quarter.
Yoma Strategic Holdings' net profit fell 56.8 per cent in its second fiscal quarter to S$3.7 million, dragged by higher minority interests and the absence of year-ago fair value gains.