Singapore stocks fell this week, with the STI down 0.5%.

In terms of individual stocks, Sri Trang Gloves rose 19%; Yangzijiang Shipbuilding rose 16%; SBS Transit rose 15%; Seatrium Ltd up 11%; China Aviation rose 8%; PropNex and Genting Sing fell 12%; YZJ Fin Hldg and Bumitama Agri fell 11%; ValueMax fell 8%.

Seatrium H2 Profit up 48.3%, Full-Year Profit Doubles on Margin Expansion

Marine engineering company Seatrium reported a net profit of S$179.3 million for the second half, a 48.3 per cent increase from S$120.9 million in the same period a year earlier.

For the full year, the offshore and marine specialist’s net profit was up 106 per cent at S$323.6 million from S$156.8 million in FY2024.

The H2 and full-year earnings increases were mainly attributed to higher contributions from revenue recognition, a higher share of profit from associates, and lower net finance costs. However, this was partially offset by higher tax expenses, the company said on Thursday (Feb 26).

SIA Net Profit Falls 69% in Q3 but It Notches Record Quarterly Revenue on Robust Demand

Singapore Airlines (SIA) saw net profit fall 68.9 per cent in the third quarter ended Dec 31, due to the absence of a one-off accounting gain from the disposal of Vistara.

The company announced in a Singapore Exchange filing on Feb 24 that its net profit fell by $1.1 billion to $505 million in the third quarter, after including non-operating items.

This was primarily due to the absence of the one-off, non-cash accounting gain of $1.1 billion recognised in the previous year from the disposal of Vistara following the Air India-Vistara merger in November 2024, SIA said.

UOB Profit Drops as Lending Income, Trading Declines

United Overseas Bank Ltd.’s fourth-quarter profit narrowly missed analyst expectations as lending margins declined. The bank also cut its dividend.

Net income fell 7.4% to S$1.41 billion ($1.11 billion) in the three months ended Dec. 31, the bank said in a statement on Tuesday. That compared with the S$1.45 billion average estimate of analysts surveyed by Bloomberg.

The lender declared a final dividend of 71 Singapore cents per share, down 23% from 92 cents a year earlier, bringing the total 2025 payout to S$1.56. The final number was below consensus, said Yong Hong Tan, Singapore-based analyst at Citigroup Inc.

Singapore's Sembcorp Industries' Profit Dips Slightly on Weaker Gas Earnings

Singapore's Sembcorp Industries posted a marginal drop in annual profit on Wednesday, as strong performance from its renewables and urban solutions divisions was limited by lower earnings from its gas and related services segment.

The company's underlying earnings from its gas and related services segment, its top earner, dropped 4% to S$701 million ($553.36 million) during the year, weighed down by lower contribution from its UK operations and weaker generation spreads in Singapore.