Market Snapshot

Singapore’s stock market opened mixed on friday, with the STI index down 0.36%.

UMS surged more than 7% and AEM SGD gained nearly 5%, while UOL fell over 3% and JMH USD dropped more than 1%.

Stocks in Focus

The following companies saw new developments that may affect trading of their securities on Friday (Aug 14):

ThaiBev: The company on Thursday reported a 1.8 per cent dip in revenue to 254 billion baht (US$7.7 billion) for the nine months ending Jun 30, compared with the year-ago period. The decline was led by its beer segment, where revenue dropped 5.3 per cent to 91.3 billion baht. The decline was attributed to unfavourable foreign exchange translation effects and a slight slowdown in the Thai market. Shares of ThaiBev closed flat at S$0.47 on Thursday, before the results.

Genting Sing: The resort and casino operator recorded a 33.5 per cent fall in profit for its first half ended Jun 30 to S$156.1 million, from S$234.7 million a year earlier. This was affected mainly by higher depreciation, lower interest income and asset refresh works, the group said on Thursday. Shares of Genting Singapore fell 2.3 per cent or S$0.015 to close at S$0.625 on Thursday, before the results were announced.

First Resources: The company on Friday posted a 57.4 per cent rise in net profit to US$234.9 million for the first half ended Jun 30, driven by higher production volumes and improved processing margins. Sales revenue increased 44.5 per cent to US$973.6 million from US$673.9 million. The group’s earnings per share stood at US$0.1517, with an interim dividend of S$0.08 a share to be paid on Sep 10. Shares of First Resources ended Thursday 0.8 per cent or S$0.03 lower at S$3.67.

Olam Group: The group on Friday posted a 488.8 per cent rise in net profit to S$1.9 billion for its first half year ended Jun 30, from S$323.8 million a year earlier. This was driven by a total one-off gain of about S$1.8 billion following divestments of its 44.58 per cent stake in agribusiness unit Olam Agri and the entirety of IT and digital services unit Mindsprint. Its revenue was down 18.3 per cent at S$12.5 billion from S$15.3 billion in the corresponding year-ago period. Shares of Olam Group closed 3 per cent or S$0.04 lower at S$1.30 on Thursday.

UMS: The semiconductor company posted an 89 per cent jump in its net profit to S$19.4 million for its second quarter ended Jun 30, 2026. Revenue for the three months was up 29 per cent at S$87.1 million. The group declared a second interim dividend of S$0.01 per share, for a total dividend of S$0.02 per share for the half. Shares of the counter ended Thursday trading

Frencken: The tech solutions provider on Thursday reported a 3.4 per cent decline in net profit to S$19.3 million for the first half ended Jun 30, from S$19.9 million a year earlier. This comes as administrative and general expenses widened 9.9 per cent year on year to S$32.6 million, from S$29.7 million. Revenue dipped 0.8 per cent to S$427.8 million, from S$431.4 million in the year-ago period. The counter ended 4.1 per cent or S$0.11 higher at S$2.79, before the release of results.

SBS Transit: The mainboard-listed transport provider posted a 0.3 per cent year-on-year dip in net profit to S$34 million for the six months ended Jun 30. SBS Transit said that group operating costs were up 5.6 per cent to S$751.6 million for the half. It declared a special dividend of 15.97 Singapore cents per ordinary share, in addition to a tax-exempt, one-tier interim dividend of 8.45 cents per ordinary share. Shares of SBS Transit closed trading down 0.3 per cent or S$0.01 to S$3.62.

FoundationHealth: The company on Thursday reported a 67.6 per cent year-on-year decline in its net profit for its first half ended Jun 30, to S$1.2 million, from S$3.8 million. This comes as initial public offering and operating expenses weighed down its H1 earnings, as the group’s acquisition-related and capital raising expenses rose by S$4.8 million or 827.2 per cent, to S$5.4 million in H1 FY2026, from S$600,000 in the corresponding year-ago period. Revenue stood at S$129.2 million for the period, up 20.2 per cent on the year from S$107.5 million. The counter ended Thursday 1.2 per cent or S$0.01 lower at S$0.805, before the release of the results.

CSE Global: The group’s net profit for its first half ended Jun 30 stood at S$13.2 million, down 19.3 per cent year on year from S$16.3 million, a bourse filing on Thursday noted. This comes after cost of sales widened by 34.5 per cent year on year in H1, while total operating expenses grew 7.9 per cent on the year, too. Revenue stood at S$561.5 million, up 27.4 per cent from S$440.9 million in H1 FY2025. Shares of CSE Global ended 0.8 per cent or S$0.01 up at S$1.29, before the news.

ValueMax: The financial service and retail group reported a 30.4 per cent increase in net profit to S$62.6 million for the first half ended June 30, 2026, up from S$48 million in the previous corresponding period. The group’s revenue increased to S$370.7 million, from $268.3 million the year before. Growth was attributed to the increase in revenue from its retail and trading of jewellery and gold, and its pawnbroking and moneylending businesses. Shares of ValueMax ended at S$0.97, 1 per cent or S$0.01 lower on Thursday.