THE following companies saw new developments that may affect trading of their securities on Monday (May 6):
Singtel : Z74 0%: The telecommunications giant’s Australian subsidiary, Optus, has named Stephen Rue as its new chief executive effective November 2024. Rue is currently CEO of Australia’s National Broadband Network. Optus’ interim chief Michael Venter – who stood in as interim after Kelly Bayer Rosmarin’s resignation – will continue in his role until Rue comes on board, said the company on Monday. Shares of Singtel ended on Friday flat at S$2.38.
Venture Corp : V03 0%: The technology solutions provider on Friday posted an 18.3 per cent decrease in net profit to S$60.1 million for the first quarter ended Mar 31, from S$73.6 million in the corresponding year-ago period. Meanwhile, its Q1 revenue fell 18.9 per cent year on year to S$666.7 million, from S$821.7 million previously. The counter closed S$0.25 or 1.8 per cent higher at S$14.46, before the financial results.