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[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (May 13).

Thai Beverage: The Chang beer maker announced on Friday that its profit for the second quarter ended Mar 31, 2025, decreased 3.2 per cent on the year to 6.7 billion baht (S$263.5 million), from a restated profit of seven billion baht. The group’s Q2 and H1 FY2024 financials have been restated for comparative purposes due to the consolidation of beverage maker Fraser & Neave in September 2024, said ThaiBev in a bourse filing. The profit decline is due to lower earnings in spirits and others segments. Revenue for the three months ticked down 0.6 per cent to 85.4 billion baht, from a restated top line of 85.8 billion baht in Q2 FY2024. This decrease is due to a fall in sales for beer, food, non-alcoholic beverages and other businesses, but partially offset by an increase in sales from spirits. Shares of ThaiBev were up 1 per cent or S$0.005 at S$0.515, before the announcement.

Seatrium: The group announced on Tuesday that it won a floating storage regasification unit (FSRU) conversion contract from floating energy infrastructure provider Hoegh Evi, Norway. The contract covers the conversion and longevity of liquified natural gas carrier, Hoegh Gandria, to an FSRU which includes the installation of a regasification skid, as well as the integration of key supporting systems such as cargo handling, utility, offloading, electrical and automation systems. Shares of Seatrium closed 1 per cent or S$0.02 higher at S$2.03 on Friday.

SIA Engineering (SIAEC): The mainboard-listed group reported an 87.3 per cent jump in net profit to S$70.8 million for the six months ended March 2025 from S$37.8 million in the same period the previous year. The group’s revenue for the second half rose 15.3 per cent to S$668.9 million from S$580.2 million in the year-ago period, its bourse filing on Friday showed. Meanwhile, its expenditure rose at a slower pace of 13.8 per cent. During the period, SIAEC posted an operating profit of S$11.1 million, reflecting an increase of S$8.9 million over the same period last year, and S$7.6 million higher than the first half of the financial year. Shares of SIAEC losed S$0.02 or 0.9 per cent higher at S$2.28, before the announcement.

StarHub: The telecommunications company on Friday reported a profit of S$31.8 million for the first quarter ended Mar 31, 2025, sliding 18.4 per cent from S$38.9 million in the corresponding year-ago period. This was in tandem with lower earnings before interest, taxes, depreciation and amortisation, as well as higher depreciation and amortisation. It was offset by a higher share of profits from joint ventures and associates, and lower tax expense. Revenue for the three months fell 2.4 per cent year on year to S$540.5 million, from S$553.9 million. The group’s regional enterprise business added 10.1 per cent to S$146.5 million, from S$133 million. This was due to a 20.2 per cent growth in managed services, and backed by a strong order book. Shares of StarHub closed flat at S$1.17, before the announcement.

Sinarmas Land: Lyon Investments has raised the offer price for Sinarmas Land shares to S$0.375 a share from S$0.31 a share, in an announcement on Saturday. The closing date has been extended to 5.30 pm on May 29. The revised offer price represents an increase of 21 per cent or S$0.065 over the initial offer price, and is higher than the highest closing price of Sinarmas Land shares for more than six years. The revised offer comes as the independent financial adviser for the transaction, W Capital Markets, said that the offer was “not fair but reasonable”. The offeror held about 70.3 per cent of the total number of issued shares in Sinarmas Land at the launch of the initial offer. As at May 9, the offeror received valid acceptances of about 23.9 per cent of the total shares. This brings Lyon Investments’ total number of shares to about 94.2 per cent. Shares of Sinarmas Land closed unchanged at S$0.32 on Friday.

UMS Integration: The semiconductor player on Friday reported a profit of S$9.8 million for the first quarter ended Mar 31, 2025, almost unchanged from the group’s profit in the corresponding year-ago period. This translates to earnings per share of S$0.0138, down from S$0.0141 a year earlier. The group declared an interim dividend of S$0.01 per share for the period under review, lower than the S$0.012 in Q1 FY2024. Revenue for the period climbed 7 per cent year on year to S$57.7 million, from S$54 million. Shares of UMS ended unchanged at S$1.05 on Friday.

Cordlife Group: The cord-blood bank announced on Tuesday that it has received a voluntary conditional cash partial offer for a 10 per cent stake in the group from Medeze Treasury, a wholly owned subsidiary of Medeze, a South-east Asian stem cell company listed in Thailand. The offeror is seeking to acquire around 25.6 million shares at an offer price of S$0.25 per share. This reflects a premium of about 61.3 per cent to the last traded price of S$0.155 on Friday, and also the 12-month volume-weighted average price. Shares of Cordlife closed 1.9 per cent or S$0.003 lower at S$0.155 on Friday.