Stocks to watch: Singtel, Frasers Property, Bumitama Agri, The Hour Glass

THE following companies saw new developments that may affect trading of their securities on Wednesday (Nov 13):

Singtel: The telecommunications operator’s net profit for the first half ended September fell 42.4 per cent year on year to S$1.23 billion from S$2.14 billion, in the absence of a S$1.2 billion exceptional gain booked in the same period a year prior. On Wednesday, Singtel’s board declared an interim dividend of S$0.07 per share, up from S$0.052 in H2 of FY2024. Shares of Singtel closed 1.3 per cent or S$0.04 lower at S$3.16 on Tuesday. 

Frasers Property: The group’s net profit for the second-half ended Sep 30 amounted to S$148.9 million, reversing from a loss of S$52.6 million from the previous corresponding period. On Wednesday, the group said its improved performance was due to contributions from residential projects in Singapore and China, as well as fair value gains from an Australia joint venture. The counter closed 1.1 per cent or S$0.01 higher at S$0.885 on Tuesday.