Singapore Stocks to Watch: OCBC, ST Engineering, Haw Par Corp, Riverstone, HRnetGroup

Tiger Newspress2023-02-24

OCBC reported net profit of S$1.3 billion for the fourth quarter ended December 2022, rising 34 percent from S$973 million the previous year as net interest income hit a new quarterly high.

ST Engineering profits for the second half of the year ended Dec 31, 2022, eased 7.1 percent to S$255 million from S$274.4 million, due to energy inflation, higher Transcore expenses and reduced government support, the group said on Friday (Feb 24).

Haw Par Corp reported a 24.5 percent rise in net profit to S$71.1 million for the six months ended Dec 31, 2022, from S$57.1 million in the previous corresponding period.

Riverstone reported a 62.1 percent fall in net profit for the fourth quarter to RM42 million (S$12.7 million), from RM110.7 million in the year-ago period.

HRnetGroup posted an 11.4 percent rise in net profit to S$32.9 million in the six months ended Dec 31, 2022, up from S$29.6 million the year before.

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Comments

  • LearnerAdi
    2023-03-09
    LearnerAdi
    Haw par has been sleeping all the while. Anyone has any idea why is it still states stocks to watch?
  • SGREIT Champ
    2023-02-24
    SGREIT Champ
    Transcore is really a drag on ST Eng'g.
  • SGREIT Champ
    2023-02-24
    SGREIT Champ
    But... as per previous years, no Special divvywas given out, unlike DBS. 😐
  • SGREIT Champ
    2023-02-24
    SGREIT Champ
    OCBC dpu ROSE from 28c in 4QFY21 to a whopping 40c in 4QFY22.
  • BlueDragon
    2023-02-24
    BlueDragon
    Ok
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