Singapore stocks opened higher on Wednesday. STI rose 0.2%; DFIRG USD up 13%; NIO up 10%.
SIA Engineering: The aircraft maintenance provider on Tuesday reported a net profit of S$42.9 million for Q1 ended Jun 30, up 29.2 per cent from S$33.2 million in the same period a year before. Its revenue for Q1 FY2026 was at S$358.4 million, 33.4 per cent higher than the S$268.7 million in Q1 FY2025. The group’s expenditure rose “at a slightly slower rate” of 32 per cent to S$353.3 million, mainly due to higher material and manpower costs. Shares of SIA Engineering closed 0.9 per cent or S$0.03 higher at S$3.35, before the results were released.
DFIRG USD: The supermarket and retail store operator’s announced on Tuesday that its underlying profit rose 38.9 per cent to US$105 million for the first half ended Jun 30, from US$75.6 million a year ago. This comes despite half-year revenue inching down to US$4.39 billion from US$4.4 billion in the same period a year prior. The counter ended on Tuesday 1 per cent or US$0.03 higher at US$3.16.
Aztech Gbl: The company’s net profit tumbled 65.5 per cent to S$16.1 million from S$46.7 million for H1 ended Jun 30. Revenue also declined by 50.3 per cent to S$185.4 million in H1 2025, from S$373.2 million in H1 2024. The weaker net profit and revenue was largely due to subdued customer demand, said the manufacturer. Earnings per share stood at S$0.0208 for the half year, down from S$0.0604 in H1 2024. Its shares closed at S$0.605 on Tuesday, up S$0.005 or 0.8 per cent.
HPH Trust USD: The container port business trust reported a distribution per unit of HK$0.05 for the first half ended Jun 30, unchanged from the same year-ago period. This was despite net profit surging 67.6 per cent to HK$265.1 million (S$43.3 million), from HK$158.1 million in H1 2024, the company said on Tuesday. The distribution will be paid out on or around Sep 19, after books closure on Jul 30. Units of HPH Trust closed 0.6 per cent or US$0.001 higher at US$0.184 on Tuesday.
Singapore Post (SingPost) has divested its entire freight forwarding business, Famous Holdings, for about $177.9 million.
The sale resulted in an estimated realised gain on disposal of $10.5 million and about $104 million in cash for the company, said the national postal service provider on July 22.
It noted that the sale was carried out in two parts. Supply chain solutions provider DP World Logistics FZE acquired the entire issued share capital of SingPost Logistics Investments’ unit for about US$97.7 million (S$125 million).
Catalist-listed Aoxin Q&M Dental announced the resignation of its executive director and chief executive officer Shao Yongxin in a bourse filing on July 22.
This comes after the company’s audit committee (AC) received a whistleblower report against Dr Shao on July 21. The committee has launched an investigation into the matter, it said.
“The board, on the recommendation of the AC, will update shareholders as soon as (the) investigation is complete,” said Aoxin.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.