SG stocks Tuesday: UOB, ComfortDelGro, ThaiBev, ST Engineering, Sakae, SingPost

UOB bank branch at VivoCity Mall. Photo taken November 2021UOB bank branch at VivoCity Mall. Photo taken November 2021

Singapore companies in focus on Tuesday, 17 May 2022:

  • UOB enters tie-up with Korea Housing Finance
  • ComfortDelGro reports 1Q22 net profit rose 30 percent on higher activity and one-off gain
  • Thai Beverage reports fiscal 2Q22 net profit rose 23 percent
  • ST Engineering reports 1Q22 revenue recovered to pre-Covid levels

Others: Parkson Retail Asia, Second Chance Properties, Yoma Strategic, KTL Global, Sakae Holdings and Singapore Post (SingPost).

Note: Singapore’s markets were closed Monday for a public holiday. 

UOB enters tie-up with Korea Housing Finance

  • UOB has signed a memorandum of understanding (MOU) with Korea Housing Finance Corp. (KHFC) to cooperate on investment banking, environmental, social and governance (ESG) financing and treasury services, the Singapore bank said last week.

ST Engineering reports 1Q22 revenue recovered to pre-Covid levels

  • ST Engineering reported Friday its first quarter revenue came in at S$2 billion, up 13 percent on-year from the first quarter of 2021, and on par with the first quarter of 2020, before the Covid pandemic’s impact.

Thai Beverage reports fiscal 2Q22 net profit rose 23 percent

  • Thai Beverage (ThaiBev) reported Friday its fiscal second quarter net profit rose 23.2 percent on-year to THB6.54 billion on higher sales, led by improvement in the beer business.

ComfortDelGro reports 1Q22 net profit rose 30 percent on higher activity and one-off gain

  • ComfortDelGro reported Friday its first quarter net profit rose 30.4 percent on-year to S$76.7 million as economic activity levels improved in both Singapore and the U.K. as Covid-related restrictions were relaxed.

SingPost reports fiscal 2H net profit nearly tripled

  • Singapore Post (SingPost) reported Friday its fiscal second half net profit jumped 188 percent on-year to S$48.06 million on contributions from the FMH acquisition.

Second Chance Properties enters deal to sell Toa Payoh property

  • Second Chance Properties has granted an option to Sen Wan Timber (S) to acquire its tenanted retail unit at Block 190 Lorong 6 Toa Payoh for S$15.29 million in cash, the company said in a filing to SGX Friday.

Sushi player Sakae swings to fiscal 3Q net loss

  • Sakae Holdings reported Sunday its fiscal third quarter swung to a net loss of S$317,000 from a year-ago net profit of S$219,000, due to the impact of the Covid pandemic and store closures.

Parkson Retail Asia swings to 1Q22 net profit

  • Parkson Retail Asia swung to a first quarter net profit of S$4.23 million from a year-earlier net loss of S$50.73 million as all stores were operational during the quarter.

Yoma Strategic reports fiscal 1H net loss narrowed

  • Yoma Strategic reported Friday its net loss for the fiscal first half narrowed to US$18 million from US$21.6 million in the year-ago period as costs declined.

KTL Global terminates planned share placement

  • KTL Global has terminated its planned placement of 30 million new shares to seven investors, which would have raised nearly S$3 million, the company said in a filing to SGX Friday.

Briefs

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Singapore company briefs: Silverlake Axis, Yeo Hiap Seng and StarHub. Read more.