Singapore stocks rose this week, with the STI up 1.36%.
In terms of individual stocks, AEM SGD up 25%; UMS up 22%; Riverstone up 19%; Genting Sing fell 13%; ComfortDelGro down 10%.
AEM quadruples Q1 profit to S$14.3 million, raises FY2026 revenue guidance by 20%
Semiconductor test solutions provider AEM : AWX -6.66% posted S$14.3 million in net profit for the first quarter ended Mar 31, more than quadrupling from S$3.3 million in the year-ago period.
The company also raised its FY2026 revenue guidance by 20 per cent to between S$550 million and S$600 million, it said in a business update after trading hours on Wednesday (May 13).
UMS Integration jumped 22% after posting ‘strong’ double-digit sales growth in Q1
UMS Integration shares surged 22% this week after the company posted a 43 per cent jump in earnings to S$14 million for its first quarter ended Mar 31, from S$9.8 million in the previous corresponding period.
The counter rose as much as 14.4 per cent or S$0.34 to S$2.70 at 9.33 am on Tuesday, with 10.6 million shares changing hands. By 10.11 am it had eased to S$2.57, still up 8.9 per cent or S$0.21, with 15.1 million shares traded. It closed at S$2.60, 10.2 per cent or S$0.24 higher, with more than 31.1 million shares transacted.
Riverstone Q1 profit falls 27.1% to RM41.1 million on a stronger ringgit
Glove manufacturer Riverstone Holdings posted a 27.1 per cent drop in net profit to RM41.1 million (S$13.3 million) for its first quarter ended Mar 31, 2026, from RM56.4 million in the previous corresponding period.
In an update released on Friday (May 8), the mainboard-listed company attributed the decline to the strengthening of the Malaysian ringgit against the US dollar throughout the quarter, which weighed on the group’s performance.
Genting Singapore Q1 net profit drops 55% to S$65.2 million on lower gaming revenue
Genting Singapore , which operates Resorts World Sentosa (RWS), on Tuesday (May 12) posted a net profit of S$65.2 million for its first quarter ended Mar 31, down 55 per cent from S$145 million in the year-ago period.
Group revenue fell 3 per cent on the year to S$607.6 million from S$626.2 million, driven by lower gaming revenue which dropped 8 per cent to S$403.4 million from S$437.5 million.
Middle East war hits ComfortDelGro’s UK taxi business; Q1 profit down 16.1%
Transport player ComfortDelGro’s (CDG) net profit fell 16.1 per cent to S$40.5 million in the first quarter ended Mar 31, amid challenges in the taxi and private-hire vehicle business.
Revenue for the quarter was up 5 per cent at S$1.2 billion – of which S$814.5 million was from the public transport business. The segment’s revenue rose 7.2 per cent, while operating profit was up 2.7 per cent at S$37.7 million.
Comments