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Stocks to watch: IHH Healthcare, Jardine C&C, Olam, ComfortDelGro, Sheng Siong

by Riah Marton
in Technology
Stocks to watch: IHH Healthcare, Jardine C&C, Olam, ComfortDelGro, Sheng Siong
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THE following companies saw new developments that may affect trading of their securities on Friday (Feb 28).

IHH Healthcare: The integrated healthcare operator on Thursday announced net profit of RM732 million (S$221 million) for the quarter ended Dec 31, up 1 per cent from RM728 million in the corresponding year-ago period. This translated to earnings per share (EPS) of RM0.0831, compared to RM0.0826 in the fourth quarter of 2023. The group declared a final dividend per share of RM0.055, to be paid on Apr 28. Shares of IHH Healthcare declined 2.3 per cent or S$0.05 to S$2.15, before the announcement.

Jardine Cycle & Carriage (C&C): It posted a 4.4 per cent rise in its underlying profit of US$602 million for the six months ended Dec 31. This came as revenue for the period rose 9 per cent to US$11.6 billion. But its full-year underlying profit was down 5 per cent at US$1.1 billion due to foreign exchange differences. Jardine C&C ended Thursday at S$26.72, up 0.2 per cent or S$0.06, before the announcement.

Olam: The agribusiness giant on Friday reported a net profit of S$38.4 million for the second half ended Dec 31, down 83.4 per cent from S$230.8 million in the previous corresponding period. This translated to EPS of S$0.0058 for the half-year period, down from S$0.0567 the previous year. Revenue for the period, however, rose 24 per cent to S$29.2 billion from S$23.6 billion. Olam’s board proposed a final dividend of S$0.03 per share, taking the full-year dividend to S$0.06 per share. Shares of Olam closed 4.6 per cent or S$0.05 lower at S$1.04 on Thursday.

ComfortDelGro: It reported a 12.9 per cent year-on-year rise in earnings to S$115.2 million for the second half of FY2024 ended December. H2 revenue was up 16.9 per cent at S$2.4 billion, from S$2 billion in the corresponding year-ago period. In particular, revenue from its public transport business was 3.1 per cent higher. Shares of ComfortDelGro closed up 1.4 per cent or S$0.02 at S$1.41 on Thursday, before the financial results were made public.

Copyright SPH Media. All rights reserved.

Tags: ComfortDelGroHealthcareIHHJardineOlamShengSiongStocksWatch
Riah Marton

Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

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