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Stocks to watch: StarHub, Sembcorp, FSL Trust
STARHUB: Despite revenue inching up in the first quarter, StarHub's net profit fell more than a fifth for the three months ended March 31, 2017.
Sembcorp Industries: It will be undertaking a strategic review of its business, its new chief executive officer Neil McGregor said on Wednesday as the firm announced an 11.3 per cent year-on-year rise in net profit for the first quarter of this year.
First Ship Lease Trust: A US$20 million prepayment of secured bank loans wiped out the trust's Q1 distributable income. Income available for distribution was a negative US$18.26 million for the quarter, a reversal from a positive US$5.44 million for the year-ago period.