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Fri, May 15, 2020 – 9:15 a.m.
The following companies saw new developments that may affect their stock trading on Friday:
Singapore Airlines (SIA): SIA recorded a net loss of S $ 732.4 million in the fourth quarter, reversing from a net profit of S $ 202.6 million in the same period of the previous year. This included S $ 198 million in fuel coverage losses as fuel prices fell towards the end of the quarter. SIA shares fell S $ 0.19 or 4.8 percent to S $ 3.81 on Thursday before the results were announced.
DBS: Southeast Asia’s largest DBS lender said Thursday that it is committed to hiring more than 2,000 people in Singapore this year, despite the current economic downturn caused by the Covid-19 pandemic. DBS shares closed at S $ 18.96 on Thursday, down S $ 0.32 or 1.7 percent prior to this announcement.
Singapore Technology Engineering (ST Engineering): ST Engineering said Friday that it expects its revenue for the full year ending December 31, 2020 to be 5 to 15 percent lower compared to fiscal year 2019. The counter closed at S $ 3.31 on Thursday. , down S $ 0.04 or 1.2 percent.
Thai Public Drink Co (ThaiBev): On Thursday, ThaiBev saw a 14.5 percent drop in second quarter net profit for the year to 4.95 trillion baht (S $ 220 million), amid what it called a “challenging trading environment.” ThaiBev shares closed 2.5 Singapore cents or 3.6 percent at 66.5 cents on Thursday before the announcement.
Japfa The company, which produces and supplies staple foods, posted a net profit of $ 35.5 million for the first quarter on Thursday, five times more than the previous year. The counter closed at S $ 0.57 on Thursday, down S $ 0.01 or 1.7 percent prior to this announcement.
Silverlake axis: The business software company saw its third-quarter earnings more than halved primarily due to lower other income and higher expenses. For the three months ended March 31, net profit fell 51 percent to RM25.6 million (S $ 8.4 million) from RM52.6 million a year ago. Silverlake shares closed at 25 Singapore cents on Thursday, up 0.5 percent or 2 percent.
Frencken Group: Manufacturer Frencken Group, which is listed on the main board, posted a 10.5 percent rise in net profit to S $ 9.5 million for the first quarter on Thursday despite lower earnings. This was largely due to gains in the appreciation of the US dollar against the Singapore dollar. The counter closed 2.5 Singapore cents or 3 percent at 82 cents the Thursday before the announcement.
Centurion Corp: Centurion posted higher revenue in the first quarter of the year on Thursday for its key student and worker accommodation businesses, but noted there have been disruptions due to Covid-19 and that operating costs will increase. Centurion shares closed unchanged at 36.5 cents on Thursday before the launch of its first-quarter trade update.
PropNex: The real estate agency posted earnings of S $ 8.2 million in the first quarter on Thursday, more than triple that of S $ 2.3 million the previous year, driven by property transactions carried out and a recovery in the private housing market. . PropNex shares closed a Singapore penny or 2 percent at 48.5 cents the Thursday before the announcement.
Jumbo: Restaurant operator Jumbo on Thursday saw a 71.5 percent annual drop in half-year net profit to S $ 2.1 million amid the new coronavirus pandemic, calling recent months the “most challenging” since the group was established 33 years ago. . Jumbo shares closed at 24.5 Singapore cents on Thursday, down one penny or 3.9 percent before its earnings announcement.
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