Stocks to watch: Top Glove, IHH Healthcare, ComfortDelGro, GuocoLand

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

BVA: The Malaysian glovemaker plans to renew its lapsed application to list in Hong Kong and pursue a dual primary listing, it said on Thursday. Its plans were delayed, sources told Reuters in June, as Top Glove sought to resolve a US import ban on its products because of alleged forced labour practices that had spooked investors and bankers. Shares of Top Glove ended 0.8 per cent or S$0.01 higher at S$1.25 on Thursday on the Singapore bourse.

Q0F: The hospital operator posted a net profit of RM858.9 million (S$276.9 million) for the first half of 2021, swinging from a loss of RM440.4 million for the corresponding period last year. IHH shares closed S$1.88 on Thursday, up S$0.02 or 1.1 per cent, before the announcement.

C52: The mainboard-listed transport operator on Friday said it has been awarded an eight-year contract worth S$1.13 billion to operate rail services in Auckland, New Zealand, through its 50 per cent-owned joint venture with Australian rail operator and maintenance company UGL Rail Services. Shares of ComfortDelGro closed at S$1.60 on Thursday, down S$0.02 or 1.2 per cent.

F17: The property developer posted a 48 per cent year-on-year increase in net profit to S$169.1 million for the full year ended June 30, despite a 9 per cent fall in revenue. Shares of mainboard-listed GuocoLand closed flat at S$1.62 on Thursday, before the announcement.

W05: The mainboard-listed property player reported a net profit of S$43.6 million for the full year ended June 30, a 173 per cent jump compared with its previous financial year. This came despite a net loss of S$13.2 million for the first six months of 2021. Wing Tai shares closed flat at S$1.83 on Thursday, before the announcement.

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5UX: The property developer posted a net profit of S$49.5 million for the full year ended June 30, reversing a loss of S$275.1 million in the previous year. Shares of mainboard-listed Oxley closed at 23.5 Singapore cents on Thursday, down 0.5 cent or 2.1 per cent.

T39: The media and property group's chief executive Ng Yat Chung said in a virtual dialogue organised by the Securities Investors Association (Singapore) that various options were exhausted before the proposal to restructure the media business was made. Options such as privatisation or selling the media business had indeed been considered, he said. SPH shares ended Thursday at S$1.95, up S$0.02 or 1 per cent.