The following companies saw new developments that may affect trading of their securities on Friday (Mar 1):
IHH Healthcare : The integrated healthcare provider reported earnings of RM727.5 million (S$205.8 million) for the fourth quarter ended December 2023, a 280 per cent jump from RM191.3 million in the corresponding quarter a year earlier. On Thursday, the group added that Q4 revenue rose 9 per cent to RM5.3 billion, as hospital and healthcare revenue rose 13 per cent to RM5.2 billion. Shares of IHH Healthcare closed S$0.02 or 1.1 per cent higher, at S$1.77, before the results announcement.
Cosco Shipping : The logistics management service provider on Thursday recorded a full-year net profit of S$1.9 million, reversing from an S$88.6 million loss a year ago. This came as its H2 net loss shrank drastically to S$59,000 from S$94.8 million in the year-ago period, after administrative expenses fell to S$13.5 million from S$112.6 million. This was due to the absence of a S$99 million impairment of goodwill recorded in H2 FY2022. Shares of Cosco Shipping fell 0.7 per cent or S$0.001 to S$0.137, before the results annoucement.
Mapletree Logistics Trust : (MLT): The trust manager on Thursday announced that MLT will acquire three Grade A warehouses – one in Malaysia, and two in Vietnam – for RM558.8 million (S$157.9 million) and 1.3 trillion Vietnamese dong (S$68.4 million) respectively. The total acquisition cost, including acquisition-related expenses, is estimated to top S$234 million. The manager intends to finance the acquisitions through a mix of debt and part of the sales proceeds from divestments in recent quarters. MLT units closed up 0.7 per cent or S$0.01 at S$1.48, before the announcement.
ComfortDelGro: The transport operator announced a net profit of S$102 million for the second half of 2023, up 76.5 per cent from S$57.8 million in the year-earlier period. The group said on Thursday that this was after a 4.2 per cent revenue jump to S$2 billion, from S$1.9 billion in H2 FY2022. This brought the company’s full-year net profit of S$180.5 million, up 4.3 per cent from S$173.1 million in FY2022. Shares of ComfortDelGro closed down 1.5 per cent or S$0.02 at S$1.35, before the results announcement.
OUE : The property developer posted earnings of S$40.9 million for the second half of the fiscal year ended December 2023, down 59.6 per cent from S$101.2 million in the corresponding year-ago period. The group said on Thursday that the loss was due to a ??lower share of results of equity-accounted investees, higher fair-value losses recognised for investment properties and finance expenses, as well as a lower net write-back of impairment losses recognised on property, plant and equipment. Shares of OUE closed at S$1.04 down 1 per cent or S$0.01, before the announcement.
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