SINGAPORE - The following companies saw new developments that may affect trading of their shares on Wednesday (Feb 21):
TalkMed Group: TalkMed's fourth-quarter net profit fell 19.3 per cent to S$8.24 million from S$10.2 million last year. This translated to an earnings per share of 0.63 Singapore cent for the quarter, from 0.78 Singapore cent in the year-ago period. The group has recommended a final one-tier tax exempt dividend of 1.37 Singapore cents per share, down from 2.283 Singapore cents per share in the previous year. Revenue for the three months ended Dec 31 was also down by 17.6 per cent to S$15.15 million. Shares in Talkmed closed at S$0.675 apiece on Tuesday, unchanged from the previous day's close.
Pacific Radiance: Pacific Radiance has been granted an extension by the Singapore Exchange of up to July 2 to announce its full-year results for the financial year ended Dec 31, 2017, as well as its first-quarter results for the period ended March 31. The offshore marine group will have until July 16 to hold its annual general meeting. The group expects that ongoing discussions of its restructuring terms with potential investors, existing lenders and noteholders will require more time to reach a conclusion. It had begun a consent solicitation exercise earlier this month for its S$100 million, 4.3 per cent medium-term notes due in August. The vote will take place on Feb 26. Pacific Radiance last traded at US$0.081 per share on Monday.
PACC Offshore Services Holdings (PACC): Despite a 71 per cent growth in revenue due to its offshore accommodation and offshore supply vessel operations, offshore marine services provider PACC remained in the red for its fourth quarter. For the three months ended Dec 31, revenue rose to US$62.7 million from US$36.7 million in the previous year. PACC's net loss shrank to US$193 million, from a net loss of US$345.4 million in the year-ago period. PACC shares closed 0.5 Singapore cent, or 1.3 per cent lower at S$0.385 on Tuesday before the announcement.
Delong Holdings: Delong is expecting to report a "significant increase in net profit" for Q4 and the full year ended Dec 31, 2017, the steel manufacturing and trading firm said on Tuesday. This is due to a significant increase in average selling prices amid tighter supplies following production cuts, and increased infrastructure and construction activities in China, the group said. Delong will announce results on Feb 27. Shares in Delong last traded at S$3.65 apiece on Monday.
Trading halts have also been called for Singapore-listed steelmakers Lee Metal Group, and BRC Asia on Wednesday morning, pending the release of material announcements, the companies said.