Stocks to watch: Tan Chong, Silverlake, Straits Trading, Yunnan Energy, Raffles Edu

THE following companies saw new developments that may affect trading of their shares on Thursday:

Tan Chong International: The car company has reported a loss of HK$75.3 million for the first half of its financial year ended June 30, as Covid-19 measures curbed or halted its business activities. Tan Chong shares closed flat at HK$2 on Wednesday before the release of its results. Silverlake Axis: Fintech firm Silverlake saw net profit fall 12 per cent to RM59.1 million for the fourth quarter ended June 30, as the Covid-19 pandemic hampered the timely closing of deals, the firm said in its results release. Silverlake shares closed up one Singapore cent or 3.4 per cent at 30.5 cents on Wednesday, before its results announcement.

The Straits Trading Company: Straits Trading is acquiring a freehold business park in the UK for a total cash consideration of £76.7 million . The counter closed unchanged at S$1.54 on Wednesday before the news. Yunnan Energy: Mainboard-listed Yunnan Energy's loss for the six months ended June 30 narrowed to HK$7.07 million from a loss of HK$15.1 million for the year-ago period. Yunnan Energy shares closed flat at 15.9 Singapore cents on Wednesday before the release of its results.

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