Singapore shares fell this week, with the STI dropping 0.22%.

In terms of individual stocks, PropNex rose 37%, Bumitama Agri rose 20%, First Resources rose 14%; while Thomson Medical fell 11%, and SEMBCORP INDUSTRIES LTD fell 7%.

Market News

PropNex H1 Profit Doubles to New High of S$42.3 Million; Declares Record Interim Dividend of S$0.05

Real estate agency PropNex reported a record net profit of S$42.3 million for its first half-year ended Jun 30, more than double from the year-ago period.

The 122.4 per cent rise from S$19 million in the first half of 2024 comes as its revenue jumped 73.3 per cent to S$598.9 million from S$345.6 million in the previous corresponding period, based on the company’s financial results released on Tuesday (Aug 12).

PropNex said the stellar performance was driven by a 7 per cent increase in sales and leasing transactions.

Bumitama Agri’s H1 Net Income Jumps 47.8%

Bumitama Agri Ltd.’s net income attributable to owners of the company reached $100.33m (IDR 1.27t) in the first half (H1) of 2025, up 47.8% from last year.

In a bourse filing, the company said its revenue increased 28.2% to $769.46m (IDR 9.74t) in H1, whilst cost of sales increased 23.6% to $566.43m (IDR 7.17t). This led to a gross profit of $203.03m (IDR 2.57t), up 43% from last year.

First Resources posts 43.6% higher H1 net profit of US$149.2 million

First Resources posted a 43.6 per cent rise in net profit to US$149.2 million for the first half of 2025 on Thursday (Aug 14).

This was up from US$103.9 million in the same period a year prior, the company said in a bourse filing.

Sales jumped 47.4 per cent to US$673.9 million from S$457.2 million, underpinned by higher average selling prices and stronger sales volumes, said the Indonesian oil producer.

YZJ Fin Hldg H1 Net Profit up 28% at S$137.7 Million

Yangzijiang Financial Holding posted a 28 per cent rise in net profit to S$137.7 million for its first half ended Jun 30, from S$107.4 million in the previous corresponding period.

This was largely driven by the reversal of credit loss allowances; higher contributions from maritime joint ventures; and net foreign exchange gains, the investment management company said in a bourse filing on Tuesday (Aug 12).

Earnings per share stood at S$0.0396 for the half-year, up from S$0.0304 in the year-ago period.

Thomson Medical Warns of FY2025 Loss

Thomson Medical is expected to post a loss after tax for the six months ended 30 June 2025 and the full financial year, following a preliminary review of its unaudited results.

The loss is attributable to higher interest expenses from the FEMVN acquisition, cessation of projects in Singapore, and weaker performance in Malaysia, according to TMG.

The Week Ahead

SATS is set to release its earnings reports next week.