Stocks to watch: SIA, CDL, Sats, AEM, StarHub, NTT DC Reit, SBS Transit, Centurion

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Nov 12):

Singapore Airlines (SIA) : The national carrier posted net profit of S$209.7 million for its second quarter ended Sep 30, up from S$52.4 million in the previous corresponding period. This was due to stronger operating profit and a lower share of losses from associate Air India. Revenue rose 14.3 per cent to a record S$5.6 billion, while operating profit rose 16.3 per cent to S$463.7 million from a year earlier. For the first half of FY2026, SIA’s net profit fell 43.9 per cent to S$133.9 million year on year. The board declared an interim ordinary dividend of S$0.02 a share and an interim special dividend of S$0.05 a share, bringing the total payout to S$0.07 a share. Shares of SIA closed 0.4 per cent or S$0.03 higher at S$7.17 on Wednesday, before the news.

City Developments Limited (CDL) : The property group said it expects to post a “significantly weaker” financial performance for its second half ending Dec 31. Certain capital-recycling deals that the group had earlier expected to materialise in the rest of FY2026 are now expected to be completed in FY2027, it said in a business update on Wednesday. The group is also currently undertaking valuations of its property portfolio, which it noted “may give rise to impairment losses”. Shares of CDL closed 1.2 per cent or S$0.09 lower at S$7.12 on Wednesday, before the update.

Sats : The air cargo handler and airline caterer posted a 2.8 per cent rise in net profit to S$81.1 million for its second quarter ended Sep 30, from S$78.9 million in the previous corresponding period. This was due to higher cargo and meal volumes and lower tax expenses, even as the Middle East conflict raised input costs and disrupted operations, it said on Wednesday. Earnings per share stood at S$0.054 for the quarter, up from S$0.053 the year before. Revenue for the quarter rose 9 per cent to S$1.71 billion, from S$1.57 billion. Shares of Sats closed 2.6 per cent or S$0.10 higher at S$4 on Wednesday, before the news.

AEM : The semiconductor equipment maker’s net profit surged more than 18-fold to S$73.4 million for the nine months ended Sep 30, from S$4 million a year earlier. Revenue rose 57.2 per cent to S$452.1 million on stronger demand for semiconductor testing solutions. AEM raised its FY2026 revenue guidance to S$680 million to S$705 million, from S$630 million to S$680 million, and its earnings per share guidance to S$0.30 to S$0.33, from S$0.245 to S$0.275. Shares of AEM closed 3.1 per cent or S$0.21 higher at S$7.05 on Wednesday.

StarHub : The telco reported a 26.3 per cent dip in earnings before interest, taxes, depreciation and amortisation (Ebitda) to S$72.1 million for the third quarter ended Sep 30, from S$97.8 million the prior year. Revenue rose to S$486.8 million, up 4.5 per cent from S$464.8 million previously. The telco said that despite rising revenue, Ebitda continued to decline because of lower gross profit, higher operating expenditure and lower income from other avenues. Shares of StarHub ended flat at S$1.04 on Wednesday.

NTT DC Real Estate Investment Trust (Reit) : The Reit on Wednesday posted a distribution per unit of US$0.0432 for the first half of FY2026/27, 10 per cent above its initial public offering projection, as net property income exceeded forecasts and net finance costs came in lower than expected. For the six months ended Sep 30, distributable income stood at US$45 million, against the projected US$40.9 million. Net property income was 4.9 per cent above projection at US$55.8 million, while gross revenue came in 2 per cent higher at US$119.8 million. Units of NTT DC Reit fell 2.2 per cent or US$0.02 to close at US$0.90 on Wednesday, before the news.

SBS Transit : The public transport operator posted a 35.5 per cent rise in net profit to S$19.6 million for its third quarter ended Sep 30, from S$14.5 million in the previous corresponding period. This was due to a S$13 million write-back of prior years’ Fuel Equalisation Fund provisions, which was included in the operating profit. Operating profit for the quarter rose 37.7 per cent to S$22.6 million, from S$16.4 million in the year-ago period. Revenue fell 1.1 per cent to S$382.1 million from a year earlier due to a lower bus service fee from the loss of the Tampines package, as well as lower rail grants and ridership. Shares of SBS Transit closed flat at S$3.56 on Wednesday.

Centurion : The accommodation provider reported a 35 per cent rise in revenue to S$280.1 million for the nine months ended Sep 30, from S$208.3 million in the previous corresponding period. This was mainly due to the consolidation of Westlite Mandai and new operational beds in Singapore, as well as its Harum Megah portfolio in Malaysia and Epiisod Macquarie Park in Australia. Revenue for the third quarter ended Sep 30 rose 41 per cent to S$95.2 million, it said in a business update. Shares of Centurion fell 2.4 per cent or S$0.03 to close at S$1.21 on Wednesday.