Stocks to watch: Seatrium, iFast, Thomson Medical, Digital Core Reit
THE following companies saw new developments that may affect trading of their securities on Thursday (Feb 13).
Seatrium: The offshore and marine specialist inked a memorandum of understanding (MOU) with BP Exploration & Production for a deepwater floating production unit (FPU) in the US Gulf of America. Under the MOU, Seatrium will provide engineering, procurement, construction and commissioning services for the FPU, designed to support the development of BP’s deepwater assets in the gulf. Shares of Seatrium ended 6.5 per cent or S$0.14 higher on Wednesday at S$2.30, before the news.
iFast: The digital bank and wealth management platform has reported a 46.3 per cent increase in net profit to S$19.3 million for the fourth quarter ended Dec 31, 2024. Revenue was up 16.4 per cent at S$90 million over the same period, driven by improvement in the group’s core wealth management platform business and the turnaround of its banking business, iFast Global Bank. Shares of iFast closed 1.5 per cent or S$0.11 higher at S$7.65 on Wednesday, before the news.
Thomson Medical: The healthcare provider has posted a net loss of S$12.9 million for the first half of its 2025 fiscal year ending Dec 31, 2024. This is even though revenue rose by 18.4 per cent to S$199.1 million. Losses were due mainly to challenges in the Malaysia market, increased interest expenses following the acquisition of Far East Medical Vietnam, and the cessation of non-core transitional care facilities projects in Singapore. Shares of Thomson Medical closed flat at S$0.044 on Wednesday, before the news.
Digital Core Reit: The data centre-focused real estate investment trust (Reit) posted a distribution per unit of US$0.018 for the six months ended Dec 31, 2024, up 1.1 per cent from the year-ago period. Its revenue for the half-year was 9.8 per cent higher year on year at US$54 million, coming largely from straight-line rent written off due to a customer bankruptcy in H2 2023, said the Reit manager. Units of Digital Core Reit closed 1 per cent or US$0.005 higher at US$0.515 on Wednesday, before the news.
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Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Vanity Fair Fashion.
