UPDATE: Singapore stocks to watch Tuesday: ST Engineering, SembMarine, Sheng Siong, Ho Bee Land

A Singapore Airlines Scoot plane on the tarmac at Changi Airport in October 2018.A Singapore Airlines Scoot at Changi Airport

This article was originally published on Monday, 26 February 2019 at 22:36 SGT; it has since been updated to include Bumitama Agri and Soilbuild Construction.

These are Singapore companies which may be in focus on Tuesday, 26 February 2019:

ST Engineering

ST Engineering said on Monday it obtained a 10-year contract valued at US$600 million, or around S$813 million, to provide heavy maintenance services to a major North American operator, which is an existing customer.

Read more: ST Engineering wins aircraft heavy maintenance contract

Sembcorp Marine

Sembcorp Marine said on Monday it obtained new contracts valued at around S$175 million for projects including designing and building a 12,000 cubic square meter LNG bunker vessel and for repair and modernization works on 13 cruise vessels.

Read more: SembMarine lands new contracts valued around S$175 million

Bumitama Agri

Bumitama Agri reported on Tuesday its fourth quarter net profit attributable to the owners dropped 43 percent on-year to 207.37 billion rupiah (S$19.96 million or US$14.79 million). That missed some analysts’ forecasts.

Read more: Bumitama Agri 4Q18 net profit misses some analysts’ forecasts

Soilbuild Construction Group

Soilbuild Construction Group warned on Tuesday it expected to report a loss for the fourth quarter and full year after an arbitrator ruled against its wholly owned subsidiary Soil-Build in a case it brought against a sub-contractor.

Read more: Arbitration ruling to weigh on Soilbuild 4Q18 and 2018 earnings

Sheng Siong

Supermarket operator Sheng Siong reported its fourth quarter net profit increased 4.6 percent on-year to S$17.5 million as new stores boosted revenue.

Read more: Sheng Siong 4Q18 net profit rose despite slower sales

Ho Bee Land

Ho Bee Land reported on Monday that its fourth quarter net profit fell 20.9 percent on-year to S$81.28 million amid a drop in development sales revenue.

Read more: Ho Bee Land reports 4Q18 net profit fell 21 percent amid drop in development sales

Aspial

Aspial reported on Monday its 2018 net profit came in at S$28.35 million, up from S$2.31 million a year earlier, amid sales recognition from the CityGate project in Singapore.

Read more: Aspial reports 2018 net profit surged on CityGate project

TEE International and TEE Land

TEE International said on Monday it entered a term sheet, or nonbinding agreement, to sell up to 125.13 million shares of TEE Land, or an up to around 28.0 percent stake, to Top Capital Securities at S$0.179 to S$0.201 a share.

Read more: TEE International enters deal to sell up to 28 percent of TEE Land

PropNex

Singapore realty company PropNex reported on Monday its fourth quarter net profit dropped 63.5 percent on-year to S$1.87 million after the government implemented property cooling measures.

Read more: PropNex reports 4Q18 net profit dropped 64 percent after property cooling measures

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