Key takeaways about the SG companies last week

STI $FTSE Singapore Straits Time Index (.STI.SG)$Outperformance with 5.1% gain YTD. Apart from the strong results reported by the banks, the recent earnings season also brought many positive surprises for investors.

Singapore Airlines $SIA (C6L.SG)$ reported 1QFY23 operating profit of S$556mn as soaring air travel demand led to its second highest quarterly operating profit in its history. As of 1QFY23, SIA’S passenger capacity was at 61% of its pre-pandemic levels. It plans to reach 76% of its pre-COVID passenger capacity by 3QFY23.

Wilmar’s $Wilmar Intl (F34.SG)$1H22 profit rose 55% to US$1.2bn on the back of improved performance across all key business segments. An interim dividend of S$0.06 was proposed, the highest interim dividend since listing.

Sembcorp Industries $Seatrium (S51.SG)$announced its profit surged nearly 11 times in 1H22 to S$490 million, boosted by higher electricity prices in Singapore and India. Management indicated that it “may reward investors with a special dividend” for FY2022.

Raffles Medical Group $Raffles Medical (BSL.SG)$ reported a profit of $59.7 million 1H22, a 51% rise compared to the previous year. This came largely on the back of higher revenue from Covid-19-related services as well as a comeback in medical tourism as Singapore reopened its borders. According to SGX data, Chairman Dr Loo Choo Yong also bought more than 350k shares of Raffles Medical Group last week.