Shares of Straits Trading (S20.SI) plummeted 3.85% during intraday trading on Friday, as investors reacted to the company's disappointing financial results for the first half of 2025.
The sharp decline came after Straits Trading reported an attributable loss of SG$40.8 million for H1 2025, a significant downturn from the SG$5.2 million profit recorded in the same period last year. This stark reversal in financial performance appears to have shaken investor confidence, leading to the sell-off.
Despite a 5.9% year-over-year increase in revenue to SG$267.5 million, the company's bottom line took a severe hit. Straits Trading posted a loss per share of SG$0.09, compared to earnings per share of SG$0.012 in the previous year. The substantial swing to loss, despite higher revenues, suggests potential challenges in the company's cost management or core operations, which may have further contributed to the negative market sentiment.