Stocks to watch: Singtel, 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. 

Bumitama Agri: The Indonesian palm oil producer’s net profit for the third quarter ended Sep 30 fell 31.6 per cent to 598 billion rupiah (S$51 million), from 874 billion rupiah the year prior. On Wednesday, the company noted that its operational output has gone down mainly due to negative effects from extreme weather conditions in past years. The counter closed flat at S$0.84 on Tuesday.