Stocks to watch: Thomson Medical, Micro-Mechanics, UG Healthcare, Hong Leong Asia, BRC Asia

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

Thomson Medical Group (TMG): A50 The healthcare provider on Friday reported a net profit of S$6.2 million in the first half of 2021, swinging from a loss of S$97.5 million run up in the same period last year. TMG shares closed at 8.5 Singapore cents on Friday, down 0.2 cents or 2.3 per cent, ahead of its announcement.

Micro-Mechanics Holdings (MMH): 5DD The semiconductor manufacturer on Saturday reported net profit of S$4.8 million for the fourth fiscal quarter ended June, up 21.4 per cent from net profit of S$3.9 million in the corresponding period last year. Shares of Micro-Mechanics closed on Friday at S$3.18, up 0.3 per cent or S$0.01.

UG Healthcare (UGH): 8K7 The glovemaker on Friday reported a nearly eightfold surge in net profit to S$118.8 million for its financial year ended June 30, with the Covid-19 pandemic boosting the use of disposable gloves. UG Healthcare shares rose 1 Singapore cent, or 1.9 per cent to close at 52.5 Singapore cents on Friday, before the release of the results.

Hong Leong Asia (HLA) H22 and BRC Asia (BRC): BEC The trade and industry arm of the Hong Leong group is forking out some S$68.1 million to increase its stake in mainboard-listed steel-reinforcement solutions provider BRC Asia to 20 per cent through two transactions, it said on Saturday. Shares of Hong Leong Asia ended Friday down 2.3 per cent or S$0.02 at 83.5 Singapore cents, while shares in BRC Asia closed 1.3 per cent or S$0.02 higher at S$1.52.

Silverlake Axis: 5CPThe mainboard-listed fintech firm has secured a slew of contracts worth RM90 million (S$29 million) to deliver transformative digital innovation enhancement solutions to 28 of its existing customers and a new customer in the fourth quarter of its financial year ended June 30, the company said on Friday. Shares of Silverlake Axis closed at 26 cents on Friday, down 0.5 cent or 1.9 per cent, before the announcement.

PEC: IX2The plant and terminal engineering specialist on Friday reported a net profit of S$20.9 million in the full year ended June 30, reversing a net loss of S$12.8 million in its previous financial year. Shares of PEC closed flat at 52.2 cents on Friday, before the results were announced.

ISOTeam:5WF The construction engineering firm has reported a net loss of S$14.5 million, despite an 8 per cent rise in revenue to S$99 million for the full year ended June 30, according to the Catalist-listed company on Friday. Shares of ISOTeam closed flat at 12.8 cents on Friday before the release of the results.

Keppel Reit: K71UThe real estate investment trust's (Reit's) manager announced on Friday that its chief executive officer (CEO) Paul Tham will step down on Oct 20 to pursue other opportunities. While Keppel Reit Management's board evaluates potential CEO candidates, deputy CEO and head of investment Shirley Ng will be acting CEO, subject to regulatory approval. Shares of the Reit closed at S$1.08 on Friday, down 0.9 per cent or S$0.01, before the announcement.

UOB: U11The bank on Friday said it aims to double its wealth-management fee income from the high-net-worth (HNW) segment within five years, amid a wealth boom in Asia, by establishing a private wealth arm to develop "progressive" products and services to meet the needs of these clients. Share of UOB closed at S$25.68 on Friday, down S$0.33 or 1.3 per cent, after the announcement.

Trading Halt: QT Vascular 5I0 on Monday morning requested a trading halt, pending the release of an announcement. Shares of QT Vascular closed flat at 0.5 cent on Friday.