Singapore Stocks to Watch: Genting Singapore, Sembcorp, China Everbright Water, Hiap Hoe

Genting Singapore's net profit for its second half (H2) has more than doubled, thanks to increased gaming and non-gaming revenue from the growth of Singapore’s international tourist arrivals.

Sembcorp Industries on Tuesday (Feb 21) posted a 54 percent increase in its net profit for H2 ended Dec 31, 2022, to S$358 million, from S$233 million for H2 2021. The group attributed the improved profits to higher contributions from its renewables and conventional energy segments.

China Everbright Water said on Monday (Feb 20) that it had secured a 668 million yuan (S$130.1 million) industrial waste water treatment project in China’s Shandong province.

The board of directors of Hiap Hoe said on Friday (Feb 3) that the group is expected to report a loss for its second half ended Dec 31, 2022, as compared to a profit in the year-ago period.

$(G13.SI)$ $(S51.SI)$ $(U9E.SI)$ $(5JK.SI)$

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