Market Snapshot
Singapore stocks sank on Monday, as the escalating war in the Middle East jolted global markets.
STI fell 2.2%; SIA, Sats, and NIO fell 5%; Seatrium, OCBC, and Keppel fell 3%; UOB, Sembcorp, Singtel, and DBS fell 2%.
Stocks in Focus
Jardine Cycle & Carriage: The company on Friday posted earnings of US$626.7 million for H2 FY2025, a 36 per cent increase from the year prior. Half-year revenue was down 9 per cent at US$10.6 billion. Jardine Cycle & Carriage attributed the increase in full-year profit to improvements in its Vietnam and Singapore businesses, as well as foreign exchange gains and lower financing costs at the corporate level. Shares of the company closed down 0.2 per cent or S$0.06 at S$35.36 on Friday, before the news.
Sats: The in-flight caterer and ground handler on Friday reported a net profit of S$84.7 million for its third quarter, representing a 20.4 per cent increase from the year-ago period. The stronger performance came on the back of improved cargo volume growth across Asia, Europe and the Middle East, said the group. Shares of Sats rose 1.3 per cent or S$0.05 to close at S$3.92 on Friday, before the results were announced.
Sheng Siong: The supermarket operator posted a 14 per cent higher net profit of S$77.1 million for H2 FY2025 on Friday. This came as an improved sales mix and higher revenue offset rising operating costs. A final dividend per share of S$0.038 was recommended. Shares of Sheng Siong closed up 0.4 per cent or S$0.01 at S$2.63 on Friday, before the news.
Haw Par: The Tiger Balm maker on Friday reported that its profit for the six months ended Dec 31 rose 14.2 per cent to S$121.3 million. It proposed a second and final dividend of S$0.20 per ordinary share. Shares of the company rose 1.9 per cent or S$0.31 to close at S$16.70 on Friday, before the results were announced.
ComfortDelGro (CDG): The transport operator on Friday reported a 7.9 per cent year-on-year rise in earnings to S$124.3 million for H2 FY2025. A final dividend of S$0.0459 per share was proposed, which took the total dividend for the year to S$0.085 per share. CDG’s shares closed on Friday at S$1.55, up 1.3 per cent or S$0.02, before its financial results were posted.
UOB Kay Hian (UOBKH): The brokerage on Friday posted a net profit of S$140.1 million for its second half ended Dec 31, a 27 per cent increase from the previous corresponding period. It proposed a first and final dividend per share of S$0.123 for FY2025. UOBKH shares closed Friday at S$3.11, up 1 per cent or S$0.03, before the news.
AvePoint: The data management company’s net profit in Q4 FY2025 swung into the black at US$15.6 million, reversing from a US$17.2 million loss the previous year. Revenue of AvePoint rose 29 per cent to US$114.7 million in the fourth quarter. Its shares closed 7.6 per cent or S$0.97 higher at S$13.80 on Friday, before the news.
Hotel Properties Limited (HPL): The property player on Friday reported a net loss of S$57.7 million for H2 FY2025, reversing from a net profit of S$32.1 million the year prior. Revenue for H2 2025 stood at S$364.2 million, an improvement from S$345.6 million in H2 2024. The board recommended a first and final dividend of S$0.04 per share. Shares of HPL rose 1.6 per cent or S$0.08 to close at S$5 on Friday, before the news.
UMS Integration: The company on Friday reported flat earnings of S$11.1 million for the fourth quarter ended Dec 31, as higher tax expenses offset improved gross material margins and lower personnel costs. A final dividend of S$0.02 per share for FY2025 was proposed. Shares of UMS closed up 5.1 per cent or S$0.07 at S$1.45 on Friday, before the news.
Frencken: The high-tech manufacturer on Friday reported a 1.1 per cent increase in net profit to S$19.2 million for the second half ended Dec 31. Revenue for the period rose 2.9 per cent to S$433.7 million, from S$421.6 million previously. The group proposed a first and final tax-exempt dividend of S$0.0275 per share for FY2025. Shares of Frencken rose 6.4 per cent or S$0.13 to close at S$2.16 on Friday, before the news.