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.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks to watch: Sats, Yanlord, AEM, Cortina, Spackman, VicplasTHE following companies saw new developments that may affect trading of their securities on Monday: Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Stressed about US stocks, investors are betting big on EuropeLONDON (BLOOMBERG) - For money managers nervous about US equities at all-time highs during an economic crisis and election year, Europe could be the antidote.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Stymied at home, South Korea's mom-and-pop investors charge into China tech stocksSOUTH Korean retail investors are stampeding into Chinese stocks in record numbers, ploughing hundreds of millions of dollars into a tech sector rush far removed from punishing taxes and regulations on investment at home. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

RHB recommends Reits, defensive stocks with selective cyclical exposureRHB Research on Monday recommended investors stick with real estate investment trusts (Reits) and defensive stocks while selectively adding exposure to cyclical recovery names in consumer, property and transport sectors. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Tokyo: Stocks close higher on investor sentiment[TOKYO] Tokyo stocks closed higher on Monday as investor sentiment improved, with Hong Kong shares rising after a strong lead from Wall Street. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Global stocks rally as investors pin hopes on coronavirus treatmentAsian shares advanced for a second straight session on Monday, underpinned by coronavirus hopes after U.S. regulators authorised the use of blood ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »