SG Morning Highlights | Seatrium H1 Loss Widens to S$264.4 Million on Higher Operating Costs
Good morning mooers! Here are things you need to know about today's Singapore:
●Singapore shares opened higher on Friday; STI up 0.53%
●SIA posts record quarterly profit of S$734 million for Q1 2023
●Stocks to watch: SIA, Keppel, Seatrium, CDLHT
●Latest share buy back transactions
-moomoo News SG
Market Trend
Singapore shares opened higher on Friday. The $FTSE Singapore Straits Time Index(.STI.SG$ gained 0.53 per cent to 3,355.05 as at 9.23 am.
Advancers / Decliners is 85 to 113, with 361.39 million securities worth S$238.78 million changing hands.
Breaking News
Stocks to Watch
$SIA(C6L.SG$: Amid pent-up demand for air travel, Singapore Airlines posted a net profit of S$734 million for the first quarter of its current financial year (FY).
It is a record quarterly performance in the carrier's history, and is a 98.4 per cent increase from the S$370 million net profit for the same period in the previous FY.
This quarterly record follows after the airline posted its highest full-year net profit in its 76-year history to S$2.2 billion for the previous FY.
$CDL HTrust(J85.SG$: CDL Hospitality Trusts posted a 23 per cent rise in distribution per stapled security of S$0.0251 for the first half ended June, from S$0.0204 in the previous corresponding period.
The rise came as gross revenue and net property income grew amid recovery in international travel, leading to improvements in CDLHT's portfolio markets, its managers said on Friday (Jul 28).
Revenue was up 20.9 per cent to S$119.2 million for the half-year period, from S$98.6 million in the year-ago period. Meanwhile, net property income grew 23.3 per cent on the year to S$62.9 million from S$51 million.
$Keppel(BN4.SG$: Keppel Corporation reported on Thursday (Jul 27) its highest profit on record in its 55-year history, underpinned by a S$3.3 billion disposal gain from the divestment of its offshore and marine (O&M) business.
The group's net profit for the six months ended Jun 30 rose to over S$3.6 billion, significantly higher than the S$498 million reported in the same period last year.
Excluding its discontinued O&M operations in both periods, Keppel's net profit attributable to shareholders of the company was S$445 million for the first half of 2023.
$Seatrium(S51.SG$: Seatrium's net loss widened to S$264.4 million for its first half ended Jun 30, from S$142.9 million in the year-earlier period.
This was mainly due to increases in costs for some projects, professional fees, net finance costs and tax expenses, which were partially offset by increased contributions from its repairs and upgrades businesses, the offshore and marine company said on Friday (Jul 28).
Loss per share stood at S$0.0047 for the half year, up from S$0.0046 the previous year.
Latest Share Buy Back Transactions
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