“Key updates from several companies likely to impact their stock performance.”

Several companies have released significant updates that could influence their stock movements on Tuesday, February 20, 2024:

Sembcorp Industries: The energy company reported a 15% year-on-year increase in net profit, reaching S$412 million for the second half of the year ending December 31, 2023. The growth was largely attributed to higher energy demand and improved operational efficiencies.

SGX: Singapore Exchange’s performance is under scrutiny after recent market volatility, with analysts predicting changes in trading volumes that could impact stock valuations.

Gallant Venture: The property and retail conglomerate announced a new strategic partnership, which may lead to shifts in investor confidence and stock price fluctuations.

GHY Culture: The cultural and entertainment company’s recent expansion into new markets is expected to boost its market presence, with potential positive impacts on long-term growth.

Dasin Retail Trust: The retail trust revealed plans for a major asset acquisition in key commercial districts, which may affect its financial standing and investor outlook.

Investors are advised to keep an eye on these companies for potential shifts in market performance based on the latest developments.