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Singapore Stocks to Watch: SIA, CapitaLand Ascendas Reit, ST Engineering, Delfi

Tiger Newspress2023-05-17

The following companies saw new developments that may affect the trading of their securities on Wednesday (May 17): 

Strong demand and a continued recovery of the global aviation industry propped up the net profit of Singapore Airlines (SIA) by 32.7 percent to S$1.2 billion for the second half of the year ended March, versus a loss of S$125.2 million in the corresponding year-ago period.

Capitaland Ascendas Reit has closed its private placement at S$2.727 apiece with 183,352,000 new units issued, it was 3.1 times subscribed, raised gross proceeds of S$500 million after it was upsized.

A wholly owned subsidiary of Singapore Technologies Engineering (ST Engineering) has priced US$500 million in three-year notes with a 4.125 percent fixed-rate coupon.

Delfi on Tuesday (May 16) posted a 24.5 percent increase in its earnings before interest, taxes, depreciation and amortisation (Ebitda) for its first fiscal quarter ended March to US$25.5 million.

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  • V K
    ·2023-05-17
    Nice
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