DBS, SGX, SATS & UOB Led The Net Institutional Inflow In Past 4 Trading Sessions
SATS booked S$28 mil net institutional inflow on 21 August, with the stock also trading 10x its usual average daily turnover. This followed SATS reporting a turnaround 1QFY25 PATMI of S$65.0 million compared to a loss of S$29.9 million in 1QFY24. Nam Cheong reported 1HFY24 NPAT of RM 635.8 million, up from RM 31.7 million in 1HFY23, primarily due to the waiver of debts. The global offshore marine group noted its business recovery is gathering pace with revenue growing 56% to RM 312.0 million for 1HFY24.