To The Moon

THE following companies saw new developments that may affect trading of their securities on Thursday (May 19):

SIA: SINGAPORE Airlines clocked its third annual loss, posting a deficit of S$962 million for the financial year 2022 to March, even as it disclosed that its forward sales for the next 3 months are approaching pre-pandemic levels.

After Singapore relaxed its border control restrictions, the SIA’s carried group passengers soared by 1,216% year-on-year from 110,300 in April 2021 to 1,452,500 passengers in April 2022.

First Reit: First Real Estate Investment Trust will divest Siloam Hospitals Surabaya at an agreed property value of 430 billion rupiah (S$40.9 million), subject to post-completion adjustments.

The Reit acquired Siloam Hospitals Surabaya in 2006 for S$16.8 million as part of its initial portfolio. Completed in 1977, the development comprises 5 integrated purpose-built hospital buildings ranging from 2 to 5 storeys, the Reit manager said in a bourse filing.

Delfi: CHOCOLATE confectionary company Delfi posted an earnings before interest, taxes, depreciation and amortisation (Ebita) of US$20.5 million in Q1, up 13.9 per cent from the corresponding period last year.

Delfi said in a business update late on Wednesday (May 18) that the growth came from higher sales and continued tight control of operating costs for the period.

IPC Corp: PROPERTY company IPC Corporation said on Wednesday (May 18) that the firm had recorded 3 consecutive years of losses and might be placed on the Singapore Exchange’s (SGX) watch-list for failing to meet the bourse’s criteria.

A company will be included in the watch-list if it records pre-tax losses for the 3 most recently completed consecutive financial years, and has an average daily market capitalisation of below S$40 million over the last 6 months.

IPC’s latest six-month average daily market capitalisation was S$12.25 million, as at May 18.