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Stocks to watch: NetLink NBN Trust, Sembcorp Marine, AA Reit, ESR-Reit, Oceanus

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By Michelle Zhu THE following companies saw new developments that may affect trading of their securities on Tuesday: NetLink NBN Trust: The fibre optic cable owner on Monday reported a 5.3 per cent year on year increase in net profit to S$24.

NetLink NBN Trust:

The fibre optic cable owner on Monday reported a 5.3 per cent year on year increase in net profit to S$24.8 million for its first quarter ended June 30, 2021 on higher installation-related revenue. This came as the group’s contractor resources returned to normal levels compared with the same period a year ago as it was affected by the “circuit breaker” then. NetLink shares rose 0.5 Singapore cent, or 0.5 per cent, to close at 97 cents, before the announcement.

 

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