Stocks to watch: Lum Chang Creations, PC Partner, Oiltek, NeraTel, Qian Hu
Lum Chang Creations : The company will make its trading debut on Monday at 9 am on the Singapore Exchange under the trading name 'Lum Chang Creat' and trading code 'LCC'. Its initial public offering of 49 million shares in the capital of the company is priced at S$0.25 per share. As at 12 pm on Jul 17, there was an aggregate of 47.3 million offer shares, with application monies received amounting to around S$11.8 million, with the offer about 47.3 times subscribed. The board of directors intends to recommend dividends of not less than 30 per cent of Lum Chang's net profit attributable to shareholders in each of the financial years ended Jun 30, 2025, and Jun 30, 2026.
PC Partner : The Hong Kong electronics company is expected to report a net profit of around HK$250 million (S$40.9 million) for the six months ended June, up from HK$194 million in the year-ago period, its board said on Friday. The increase was attributed to a significant increase in sales revenue for the six months, which was mainly due to strong demand for the new RTX 50 series video graphics cards launched in the first half of 2025. Shares of PC Partners ended Friday 2.3 per cent or S$0.03 higher at S$1.33.
Oiltek : The vegetable and edible oil process engineering company is eyeing a secondary listing of all its issued shares on the main market of Bursa Malaysia, it said on Monday. The proposed listing will benefit the group by allowing it to broaden its investor reach and widen its investor base, potentially increasing the liquidity of its shares and enhancing its value through separate trading platforms, Oiltek said. The counter finished Friday 6.6 per cent or S$0.045 higher at S$0.73.
Nera Telecommunications (NeraTel): The group said on Friday that it expects to report a net loss for the first half of the financial year ended June. This outcome reflects the impact of a challenging operating environment, including adverse foreign exchange movements and restructuring initiatives undertaken to strengthen the group for long-term growth, NeraTel said. The counter ended Friday flat at S$0.099 before the news.
Qian Hu : The group on Friday reported a net profit of S$30,729 for its first half ended June, 87.7 per cent down from a net profit of S$250,532 in the year-ago period. Revenue stood largely unchanged at S$35.1 million, from S$35.2 million previously. The counter ended Friday flat at S$0.151, before the news.
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