[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (May 23).
Yangzijiang Shipbuilding: The marine vessel manufacturer reported that its year-to-date order wins for the first quarter of 2025 amounted to six vessels worth US$300 million. This was around 5 per cent of its US$6 billion target for the 2025 financial year, it said in a business update on Thursday. In the same period the year before, it won orders for 38 vessels worth US$3.3 billion, or 74 per cent of its target. Yangzijiang Shipbuilding’s total order wins for FY2024 stood at 126, with a value of US$14.6 billion – the highest since its listing in 2022. Ren Letian, the shipbuilder’s executive chairman and chief executive, said that US policies and global tariff actions prompted customers to adopt a wait-and-see approach, pushing back their decisions to order ships. Shares of Yangzijiang Shipbuilding closed 0.5 per cent or S$0.01 higher at S$2.14, before the update.
Metro: The mainboard-listed property investment and development group sank into the red for its second half ended March with a net loss of S$228.1 million, against a net profit of S$6.4 million in the previous corresponding period. This translated to a loss per share of S$0.276, versus an earnings per share of S$0.008, the group said on Friday. The counter ended Thursday 1.2 per cent or S$0.005 higher at S$0.415.
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