<div id="readability-page-1"><div><p>[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Nov 17):</p><p> ST Engineering : Its wholly owned unit has agreed to sell its entire 49 per cent interest Shanghai Technologies Aerospace Company (Starco), which provides airframe maintenance, repair and overhaul services, for a 680.5 million yuan (S$124.50) cash consideration. The buyer, China Eastern Airlines Corporation, which already owns 51 per cent of Starco as at Monday, will own 100 per cent of the joint venture post-sale. The divestment will yield a one-off gain of around S$48.1 million, based on the S$60.2 million carrying value for Starco, ST Engineering said on Monday. The counter closed down S$0.19 or 2.2 per cent at S$8.49 on Friday. </p><p> The Hour Glass : The luxury watch retailer on Friday reported a 23.2 per cent rise in net profit to S$75.7 million for the six months ended Sep 30, from S$61.4 million in the year-ago period. The group said that it incurred higher operating expenses in the half-year, due to increased depreciation of property, plant and equipment versus the previous corresponding period. It declared an interim dividend of S$0.02 per share, payable on Dec 8. Shares of The Hour Glass closed 1.9 per cent or S$0.04 lower at S$2.06 on Friday, before the results were released.</p><p> Frencken : The semiconductor player on Monday posted a 7.5 per cent rise in net profit for its third quarter ended Sep 30 to S$9.9 million from S$9.2 million in the previous corresponding period. Revenue for Q3 rose 6.5 per cent to S$211.5 million from S$198.6 million in the previous corresponding period. Shares of Frencken closed at S$1.54, S$0.05 or 3.145 per cent down on Friday. </p><p> Geo Energy : The Indonesian coal producer on Friday posted a 55 per cent decline in net profit to US$3.2 million for the third quarter ended Sep 30, from US$7 million the year before. This was despite higher revenue, which improved 62 per cent on the year to US$136.6 million from US$84.3 million. The company declared an interim cash dividend of S$0.001 per ordinary share. It will be paid on Dec 1, after the ex-dividend date of Nov 21. Its shares closed 2.2 per cent or S$0.01 lower at S$0.45 on Friday, before the results were released. </p><p>Stamford Land : The property group reported a 4.1 per cent rise in net profit to S$15.8 million for its first half ended Sep 30, from S$15.2 million in the year-ago period. This translates to earnings per share of S$0.0106, a 5 per cent increase from the S$0.0101 in H1 FY2025, the company said on Friday. It did not declare a dividend for the period under review. Shares of Stamford Land closed 1 per cent or S$0.005 lower at S$0.485 on Friday, before the news.</p></div></div>

<p>ST Engineering is selling its 49% stake in Starco to China Eastern Airlines for 680.5 million yuan, resulting in a one-off gain of S$48.1 million. The Hour Glass reported a 23.2% rise in net profit to S$75.7 million and declared a dividend. Frencken's Q3 net profit rose 7.5% to S$9.9 million. Geo Energy's net profit fell 55% to US$3.2 million despite higher revenue. Stamford Land's net profit increased by 4.1% to S$15.8 million. Stock prices for these companies saw slight declines.</p>

Stocks to watch: ST Engineering, Frencken, The Hour Glass, Geo Energy, Stamford Land