UPDATE: SG stocks Friday: CapitaLand Investment, Singapore Airlines, Straits Trading, LS2, Raffles Education, PropNex

Top of the CapitaLand building in Singapore’s central business district (CBD); taken September 2018.Top of the CapitaLand building in Singapore’s central business district (CBD); taken September 2018.

Singapore companies in focus on Friday, 25 February 2022: 

  • CapitaLand Investment reports 2021 swung to net profit
  • Singapore Airlines swings to fiscal 3Q net profit, first quarterly profit since Covid onset
  • Straits Trading reports 2021 net profit more than quadrupled
  • LS 2 Holdings surges on debut, spurring SGX trading warning

Others: Temasek Holdings and Raffles Education, PropNex, ValueMax, Maxi-Cash Financial Services and Centurion.

This item was originally published on Friday, 25 February 2022 at 1:26 a.m. SGT; it has since been updated to include CapitaLand Investment.

CapitaLand Investment

CapitaLand Investment (CLI) reported Friday it swung to a 2021 net profit from a year-earlier net loss on revaluation gains, and on higher contributions from both the fee-income related business (FRB) and the real estate investment business.

Read more: UPDATE: CapitaLand Investment reports 2021 swung to net profit

Singapore Airlines

Singapore Airlines reported Thursday its fiscal third quarter swung to a net profit of S$85 million, from a year-earlier net loss of S$142 million, marking its first quarterly profit since the pandemic’s onset. 

Read more: Singapore Airlines swings to fiscal 3Q net profit, first quarterly profit since Covid onset

Straits Trading 

The Straits Trading Co. reported Thursday its net profit for 2021 rose 355 percent on-year to S$234.25 million on higher contributions from wholly owned subsidiary Straits Real Estate (SRE) and from real estate associates and joint ventures. 

Read more: Straits Trading reports 2021 net profit more than quadrupled

LS 2 Holdings

Shares of LS 2 Holdings rocketed higher on their trading debut on SGX’s Catalist board, trading as high as S$1.60 intraday, compared with its initial public offering (IPO) price of S$0.20.

Read more: LS 2 Holdings surges on debut, spurring SGX trading warning

PropNex

Real estate agency PropNex reported Thursday its 2021 net profit jumped 106 percent on-year to S$60.03 million as property transactions increased. 

Read more: PropNex reports 2021 net profit more than doubled

Temasek Holdings’ Heliconia Capital and Raffles Education

Lim How Teck, chairman of Temasek Holdings’ wholly owned Heliconia Capital, is taking a leave of absence after his arrest, the Business Times reported.

Read more: Executive Moves: Heliconia Chairman Lim How Teck on leave after arrest: Report

Centurion

Centurion reported Thursday its 2021 net profit jumped 207 percent on-year to S$52.68 million on expansion of the worker accommodation portfolio and occupancy recovery in student accommodation.

Read more: Centurion reports 2021 net profit more than tripled

Maxi-Cash Financial Services

Maxi-Cash Financial Services reported Thursday its 2021 net profit fell 51 percent on-year to S$14.45 million on higher expenses and lower sales of jewellery and branded merchandise. 

Read more: Maxi-Cash reports 2021 net profit dropped 51 percent

ValueMax

Pawnshop operator ValueMax reported Thursday its 2021 net profit rose 22.5 percent on-year to S$41.51 million, boosted by the moneylending business. 

Read more: ValueMax reports 2021 net profit rose 23 percent

Keppel Infrastructure Trust, OUE, OUE Commercial REIT and Ascendas REIT

Singapore company briefs: Keppel Infrastructure Trust, OUE, OUE Commercial REIT and Ascendas REIT.

Read more: SG briefs: Keppel Infrastructure Trust, OUE, OUE Commercial REIT, Ascendas REIT