Stocks to watch: SIA, Elite UK Reit, Koh Brothers Eco Engineering

Singapore Airlines (SIA) reported a 2.6% year-on-year increase in group passenger traffic in July, with passenger capacity growing 5.5% due to network expansion to East Asia, Europe, and the south-west Pacific. The load factor stood at 86%. SIA's shares closed 0.7% higher at S$7.10 following the announcement.

Elite UK Reit, a subsidiary of a real estate investment trust, entered into a £50 million (US$67.8 million) term and revolving facilities agreement to refinance existing loans and support working capital. The trust had recently acquired five government-leased properties, and £22 million of the facilities had already been drawn down. Elite UK Reit's shares fell 1.6% to close £0.005 lower at £0.31.

Koh Brothers Eco Engineering disclosed three legal disputes, exposing the company to potential liabilities of up to S$57.6 million. The claims involved joint ventures, consortiums, and subcontractors, and were made just before shareholders were to vote on the company's proposed transfer to the SGX mainboard. Despite the legal exposure, Koh Brothers Eco Engineering assured investors that it remains a going concern. Shares of the company fell 2.6% to close S$0.003 lower at S$0.114.