How Did the Singapore Stock Market Fare This Week?

Singapore’s market bellwether, the Straits Times Index  (SGX: ^STI), ended the week more or less flat at 3,353 points after slipping by just 0.02%.

Of the index’s 30 stocks, 13 managed to clock weekly gains, with Singapore Airlines Ltd  (SGX: C6L) flying the highest. The airline stock went up 2.9% to S$11.63.

The other 17 index components had unfortunately suffered losses for the week. Commodities trader Noble Group Limited (SGX: N21) came in as the biggest loser with its shares slumping 5.2% to S$0.635.

Singapore Airlines said that it will be releasing its fiscal first-quarter results for the financial year ending 31 March 2016 (FY2016) on the evening of 29 July 2015 after the market closes.

For FY2015, Singapore Airlines saw its revenue dip slightly from S$15.24 billion a year ago to S$15.21 billion. Its net profit, however, inched up by 2.3% year-on-year to S$367.9 million.

Elsewhere, SATS Ltd  (SGX: S58), which is also involved in the airline industry but as a food caterer, saw its shares grow 4.6% during the week to S$3.85. SATS had reported some nice growth when it released its latest financial results on Thursday; the firm’s quarterly net profit had jumped by 14.5% year over year.

Also releasing its quarterly results this week was health and lifestyle outfit, OSIM International Ltd (SGX: O23). The company said that its revenue for the three months ended 30 June 2015 fell 13% year-on-year to S$159 million. This consequently brought about a 24% plunge in net profit to $22 million.

Despite both the lower top- and bottom-lines, shareholders of OSIM will be delighted to note that they will be receiving a dividend of 2.0 Singapore cents per share from the company for the quarter, unchanged from a year ago.

The market seemed to like what OSIM has shown as the firm’s shares rallied by 5.8% on Friday, the day after the firm released its earnings. For the week, OSIM’s shares had gained 1.3% to end Friday at S$1.54.

The SPDR STI ETF (SGX:ES3), a proxy for the Straits Times Index, is now trading at 13.5 times its trailing earnings and sports a dividend yield of 2.7%.

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Meanwhile, if you'd like to discuss about the stock market in person, you can come meet David Kuo and the rest of the Fool Singapore team on August 15! Please join us at Invest FAIR Singapore on 15 August. (Suntec Centre, Booth B-16). Come chat with us at our booth, and see our MAS-licensed Director, David Kuo, give his official SGX investor presentation.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Sudhan P doesn’t own shares in any companies mentioned.