Stocks to watch: GuocoLand, Axington, SATS, Aspen, SIA, Koufu

THE following companies saw new developments that may affect trading of their securities on Tuesday:

GuocoLand: The real estate developer's full-year net profit halved to S$114.1 million, largely due to the absence of fair-value gains on investment properties. GuocoLand proposed a dividend of S$0.06 per share for the fiscal year ended June 30, 2020. The counter rose S$0.01 or 0.7 per cent to finish at S$1.40 on Monday, before the results were released.

Axington: The Singapore Exchange's regulatory arm has"engaged" Axington's continuing sponsor over how it has assessed the"experience, expertise, character and integrity" of its chairman Shen Che. Ms Shen and the Loh cousins Nelson and Terence Loh - Axington's controlling shareholders - are embroiled in a scandal over doctoring photos of former US president Barack Obama for marketing collateral uses.

SATS: The ground handler and food solutions provider will continue to reduce its headcount after swinging into loss for its fiscal first quarter, it said in a conference call without specifying the final reduction. SATS shares closed S$0.16 or 5.5 per cent higher at S$3.08 on Monday. Aspen: The Catalist-listed Malaysian firm on Monday saw its shares soar 80.5 per cent or 16.5 Singapore cents to an intraday high of 37 cents - a record since its initial public offering in July 2017. After trading hours, Aspen said the trading activity might have been caused by its Aug 12 announcement on its plans to diversify its property business to include glove manufacturing and distribution.

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