Stocks to watch: UOL, Singapore Land Group, Wing Tai, Yoma Strategic, Japan Foods

THE following companies saw new developments that may affect trading of their securities on Friday (Feb 10):

UOL Group , Singapore Land Group : The 80:20 joint-venture company between UOL Group and Singapore Land Group, United Venture Development, purchased Meyer Park on Thursday for S$392.18 million during the third en bloc attempt. This was slightly higher than its guide price of S$390 million. UOL was down 0.1 per cent or S$0.01 to S$6.93; Singapore Land was 0.4 per cent or S$0.01 lower at S$2.30 at market close on Thursday.

Wing Tai : The property and retail company reported on Thursday a net profit of S$63.3 million for the first half-year ended Dec 31, 2022, an increase of 18 per cent from the year-ago period. This is despite a 15 per cent drop in revenue to S$261 million in the same period. Wing Tai shares dropped 0.7 per cent or S$0.01 to close at S$1.52 on Thursday.

Yoma Strategic : The group’s revenue for the quarter ended December 2022 rose year on year by 76 per cent to US$35.9 million from US$20.4 million. This was boosted mainly by the real estate development segment, where revenue grew 96.5 per cent to US$16.7 million from US$8.5 million in the previous year, Yoma said on Friday. Shares of Yoma ended at S$0.118 on Thursday, down 0.8 per cent or S$0.001.

Japan Foods : The restaurant chain operator on Friday reported a net profit attributable to equity holders of S$3.2 million for the first nine months of FY2023, compared with S$1.7 million in 9M FY2022. The bottom-line improvement came mainly on the back of higher revenue from the group’s expanded halal segment, boosted further by the lifting of Covid-19 restrictions. The counter closed at S$0.435, up 1.2 per cent or S$0.005 on Thursday.