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Stocks to watch: Best World, OUE, Golden Agri-Resources, Olam, Keppel, UOL

  • 📰 The Straits Times
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SINGAPORE - The following companies saw new developments that may affect trading of their shares on Wednesday (Feb 27):. Read more at straitstimes.com.

SINGAPORE - The following companies saw new developments that may affect trading of their shares on Wednesday : Best World: Best World reported late on Tuesday a 28.9 per cent rise in net profit for its fourth quarter from a year ago, on a surge in revenue and higher gross margins. The stronger results come amid what it cites as a transition from an export model to a franchise model in its China market. Net profit for three months ended Dec 31, 2018 stood at $28.

6 million gain recognised upon the consolidation of the United Industrial Corporation group in FY2017. Excluding this one-off gain, net profit would have risen 26 per cent. Group revenue climbed 13 per cent to $2.4 billion in FY2018 due mainly to the full-year consolidation of revenue of the expanded group. The counter closed two cents lower at $6.77 on Tuesday before the results were announced. Sinarmas Land: Sinarmas Land Limited's Q4 net profit plummeted 74.9 per cent to $58.

 

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