Singapore Stocks to Watch: SIA, Wilmar, Cordlife

Tiger Newspress01-16

The following companies saw new developments that may affect the trading of their securities on Tuesday (Jan 16):

Singapore Airlines (SIA) posted a 15.8 percent increase in passenger traffic in December 2023 during the year-end peak travel season. The airline’s revenue passenger kilometres, which indicates the number of passengers carried multiplied by the distance flown, rose 15 percent to 10.1 billion in December 2023 from 8.8 billion the year prior.

A Chinese subsidiary of Asian food giant Wilmar International has denied allegations by a city prosecution agency that one of its units was partially accountable for a trade fraud that led to a 5.2 billion yuan (US$725 million) loss for a state-owned company.

One storage tank at cord-blood banker Cordlife Group was found to have hit a temperature as high as 20.4 degrees Celsius in 2021. This was way over both international standards, as well as the company’s internal acceptable temperature range.

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SGREIT Champ
01-16
SGREIT Champ
When times are bad, the SOEs start pointing fingers...

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