Stocks to watch: UOB Kay Hian, ST Engineering, NetLink NBN, Ho Bee Land, F&N, Concord New Energy
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Aug 11):
UOB Kay Hian reported a significant increase in net profit, with a 66% surge to S$164.7 million in the first half of FY2026. Revenue also rose 41.8% to S$481.1 million, and interest income grew by 19.9% to S$137.3 million. ST Engineering secured S$2.9 billion in new contracts for the second quarter of 2026, including significant investments in commercial aerospace, defence, public security, and urban solutions segments.
The company's shares rose 0.7% before the announcements. NetLink NBN Trust recorded a 22.4% drop in net profit for Q1 FY2027 to S$18.1 million, due to higher depreciation and lower revenue, mainly affected by reduced non-regulated assets base revenue. Ho Bee Land saw a 3% rise in net profit to S$51.1 million for H1, driven by higher settlements from its Australian projects and increased sales from the Turquoise condominium in Sentosa Cove.
The property developer's shares closed 1.5% higher at S$2.04 ahead of the news. Beverage maker Fraser and Neave (F&N) reported a 10.4% increase in net profit before exceptional items to S$130.6 million for the nine months ended June 30. Revenue fell 6% to S$1.7 billion due to foreign exchange translation headwinds and geopolitical disruptions.
Concord New Energy's first-half net profit fell 66-69% to between 90 million yuan and 100 million yuan, due to grid absorption constraints and climate fluctuations. The company's shares fell 6.8% to close at S$0.055.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
