Stocks to watch: SIA, Q&M Dental Group

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jun 17):

Singapore Airlines (SIA): The national carrier and its low-cost arm Scoot reported a 3.1 per cent year-on-year increase in passenger traffic in May, which eased from the previous month’s growth, according to its operating results on Monday. This figure is slightly ahead of the 2.8 per cent increase in passenger capacity in the same month a year ago. In particular, the budget carrier’s passenger traffic rose 1.4 per cent year on year, compared with SIA’s 3.5 per cent increase. Shares of SIA closed 1 per cent or S$0.07 lower at S$6.87 before the news.

Q&M Dental Group: Its mandatory unconditional cash offer to acquire all the shares it does not already own in its subsidiary Aoxin Q&M at S$0.0321 apiece closed at 5.30 pm on Monday. At the offer close, the dental services provider owned, controlled or had agreed to acquire an aggregate of 269.3 million Aoxin shares or around 52.7 per cent of all Aoxin shares. The counter ended Monday 1.3 per cent or S$0.005 higher at S$0.39 before the announcement.