Stocks to watch: SIA Group, Jardine C&C, Aztech Global, Q&M Dental, Food Innovators

The following companies saw new developments that may affect trading of their securities on Thursday (Oct 16):

SIA Group: Passenger traffic in September for Singapore Airlines (SIA) and subsidiary Scoot rose 3.7 per cent year on year. That outpaced a 2.5 per cent rise in passenger capacity, said the group on Wednesday. Both airlines’ passenger load factor increased by one percentage point on the year to 87.1 per cent, while the cargo load factor was 1.8 percentage points lower than the same period last year at 56.2 per cent. Shares of SIA closed 0.2 per cent or S$0.01 higher at S$6.53 on Wednesday, before the news.

Jardine Cycle & Carriage: The investment holding company appointed former OCBC group chief executive officer Samuel Tsien as its new independent chairman, starting from Nov 11. The 71-year-old, currently a lead independent director at Jardine C&C, will succeed chairman John Witt, 62, the company said in a bourse filing on Wednesday. Tsien was executive director at OCBC until 2021 and is currently a director of Singapore Exchange and Mapletree Investments. Shares of Jardine C&C closed 0.8 per cent or S$0.24 higher at S$28.74 on Wednesday, before the announcement.

Aztech Global: The net profit of the electronics company fell 21.2 per cent to S$10.8 million for the third quarter ended Sep 30, from S$13.7 million in the previous corresponding period. Revenue for the quarter dropped 19.9 per cent to S$133.5 million from S$166.7 million, primarily due to subdued customer demand, said the company in a bourse filing on Wednesday. Earnings per share stood at S$0.0141, down from S$0.0178 in Q3 2024. Shares of Aztech Global closed on Wednesday 0.7 per cent or S$0.005 lower at S$0.675, before the announcement.

Q&M Dental: The dental group proposed to acquire an equity interest in a peer in Thailand, it said in a bourse filing on Wednesday. Q&M said the target company’s network focuses on accessible, standardised and patient-oriented dental care in high-traffic urban and suburban areas. The purchase consideration will be satisfied by a combination of cash and new ordinary shares to be issued by Q&M, and is based on the target’s enterprise value of about 1.95 billion baht (S$77.7 million) on a cash-free and debt-free basis. Shares of Q&M Dental closed 3.4 per cent or S$0.015 higher at S$0.455 on Wednesday, before the announcement.

Food Innovators: The group on Wednesday announced that it turned profitable with earnings of S$206,000 for H1 2026, compared with a loss of around S$1 million for the year-ago period. The company, which listed on the Catalist board in October 2024, attributed the improvement to growth in its core business. Shares of Food Innovators closed on Wednesday S$0.009 or 4.5 per cent down at S$0.191, before the news.