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 (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.
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.
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.
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.
Real estate agency PropNex reported Thursday its 2021 net profit jumped 106 percent on-year to S$60.03 million as property transactions increased.
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.
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.
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.
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.
Keppel Infrastructure Trust, OUE, OUE Commercial REIT and Ascendas REIT
Singapore company briefs: Keppel Infrastructure Trust, OUE, OUE Commercial REIT and Ascendas REIT.