Stocks to watch: ThaiBev, Genting Singapore, First Resources, Olam Group, UMS Integration, Frencken, SBS Transit and more
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Aug 14):
ThaiBev reported a 1.8% decline in revenue to 254 billion baht for the nine months ending June 30, 2021. The decline was primarily due to the beer segment, which saw a 5.3% drop in revenue to 91.3 billion baht. The decrease was attributed to unfavorable foreign exchange translation effects and a slight slowdown in the Thai market. ThaiBev's shares remained flat at S$0.47 following the release of the results.
Genting Singapore reported a 33.5% fall in profit for its first half, ending June 30, 2021, to S$156.1 million, down from S$234.7 million a year earlier. The decline was mainly attributed to higher depreciation, lower interest income, and asset refresh works. Genting Singapore's shares fell 2.3% or S$0.015 to close at S$0.625 following the announcement of the results.
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.
