Stocks to watch: SIA, Q&M Dental

THE following companies saw new developments that may affect trading of their securities on Tuesday (Sep 17):

Singapore Airlines: The group recorded growth of 10.8 per cent for passenger capacity and 7.7 per cent for passenger traffic in its August operating update released on Monday. The national carrier and its budget arm Scoot flew 3.3 million passengers for the month. SIA shares closed 0.3 per cent or S$0.02 lower at S$6.50 before the announcement.

Q&M Dental Group: Its subsidiary Acumen Diagnostics temporarily ceased operations at a lab after its licence lapsed on Sunday. Acumen’s board of directors said it will assess and review the consequential financial impact on its earnings per share and net tangible assets per share for the current fiscal year ending Dec 31. The counter closed 1.8 per cent or S$0.005 higher at S$0.28 on Monday, before the news.