SINGAPORE - Cargo handler SATS was among the top movers on the Singapore Exchange (SGX) this week, with its shares jumping more than 18 per cent through the week after announcing a strong set of results.SATS on May 26 reported record revenues of $6.35 billion for the 2026 financial year (FY) which ran from April 1 2025 to March 31, representing a 9 per cent increase from FY2025.This was driven largely by its gateway services, which includes the handling of air cargo and baggage. These services accounted for $4.95 billion, or about 78 per cent, of the company’s total revenue. This was a 10.8 per cent increase from the previous financial year.The remainder of its revenue, which grew by 2.9 per cent from FY2025, came from food services.Profit attributable to shareholders of the company rose 17 per cent over the year to $285.2 million.This enabled SATS to propose a final dividend of 5 cents per share, up 43 per cent from 3.5 cents per share in the prior year. This brings the total full-year dividend to 7 cents per share, up 40 per cent over the same period.SATS attributed its strong results to its global network of 225 locations across 27 countries. This has enabled the company to continue handling shipments during the Middle East conflict, which has disrupted operations and global supply chains.Shares of SATS closed for the week at $3.85, 60 cents higher than when trading opened on May 25.Mary Chia Holdings, which runs beauty parlours providing slimming and spa treatments, announced its results on May 29 for the financial year ending March 31. It reported revenues of $11.86 million, which was down 71 per cent from $40.8 million in the previous financial year.Even with lower staff and operational costs, the company ended the year with a loss of $2.3 million, compared with a profit of $603,000 the year before.The company had earlier in the week issued a statement on SGX stating it expected to report a net loss for FY2026.In its financial statements, Mary Chia said it expects business to remain tough in the year ahead, but noted that it would focus on strengthening its direct selling capabilities and expanding its e-commerce channels. It added that it has obtained a direct selling licence in Thailand, enabling it to expand its business development activities there.Mary Chia also revealed that its controlling shareholder on May 28 confirmed that it would continue to provide financial support to the company for at least 12 months, and would not demand repayments of amounts owned by the group.Shares of Mary Chia Holdings closed the week at 2 cents.Catalist-listed engineering solutions provider Koh Brothers Eco Engineering on May 27 submitted an application to transfer to the mainboard of SGX.Koh Brothers Eco Engineering is a subsidiary of construction and property group Koh Brothers, which holds a 54.8 per cent stake in the unit.Koh Brothers Eco Engineering has been listed on the Catalist board of SGX since Feb 27, 2006, and noted that the transfer “would better reflect the company’s current stage of development and future growth trajectory”.In a bourse filing, the board said a listing on the SGX mainboard will enhance the profile of Koh Brothers Eco Engineering locally and overseas, as public investors tend to place a premium on mainboard-listed companies compared to Catalist-listed companies.It could therefore result in better liquidity and improve the performance of the company’s shares, enabling it to recruit better talent, strengthen its brand and attract new business and fundraising opportunities.As at Dec 31, 2025, the group’s total order book across its engineering and construction segment, as well as bio-refinery and renewable energy segment, was an estimated $1.1 billion.Shares of Koh Brothers Eco Engineering closed on May 29 at 16 cents, up by more than 25 per cent through the week.Wilmar International fell as much as 10.5 per cent on May 28 - the most in almost six years - after the Indonesian government named the palm oil giant as one of 10 palm producing companies being probed for suspected export abuses.Those practices were among the reasons President Prabowo Subianto gave last week when he said the government would take greater control of the country’s key commodity exports. This is the biggest intraday drop since 2020, before paring losses to stand 4 per cent lower at $3.38 at the midday trading break.In a filing with SGX during the midday trading break on May 28, Wilmar said it has “not received official notification of the probe but is working with the relevant authorities to understand their concerns”.The company said it would update the market accordingly if and when it receives official notification.Shares for Wilmar closed at $3.59, just one cent lower than when it started off at the beginning of the week.Osim founder Ron Sim dropped claims of fraudulent misrepresentation previously brought against homegrown tech company Trek 2000 International and two executives, including its former executive chairman who was jailed in 2022 over an accounting scandal at the company.An SGX filing on May 28 by Trek 2000 said Singapore-based fund management firm Azure Capital had emerged as a direct substantial shareholder after acquiring 22.1 million shares, or about 7.3 per cent of the company.Following the sale of shares, Sim reduced his stake in Trek 2000 from about 9.3 per cent to 2 per cent, and will no longer be a substantial shareholder of the company.Trek 2000’s substantial shareholders now comprise its executive chairman Wayne Tan, Kioxia Corporation, CTI II Limited, Creative Technology and Azure Capital.In a separate filing on May 28, Trek 2000 also disclosed that Sim and Osim International would not proceed with legal claims against the company, Wayne Tan and former executive chairman Henn Tan.The dispute has to do with allegations made by Sim in late 2024 and June 2025 relating to Osim’s purchase of Trek 2000 shares in June 2015.According to earlier filings, the claims alleged that former chairman Henn Tan and/or the company had made fraudulent misrepresentations that Osim and Sim relied on when buying the shares. The claims also alleged that Sim had been treated unfairly as a minority shareholder.Trek 2000 shares rose by almost 29 per cent to 20 cents following the May 28 announcements, and climbed even higher to end the week at 29 cents.Offshore and marine engineering company Seatrium closed the first quarter of 2026 with 24 projects totalling $15.5 billion, with delivery dates till 2033.In a business update on May 29, the company indicated it had also completed 46 vessel repairs and upgrades during the first quarter, and that pipeline opportunities over the next two years across the oil and gas, offshore wind and conversions sectors are estimated at more than $28 billion.Shares of Seatrium closed on May 29 at $2.12, down by 2.3 per cent over the week.CapitaLand Ascott Trust (CLAS) on May 29 said it was selling The Robertson House by The Crest Collection in Singapore to an unrelated third party for $360 million.The 336-unit hotel will be sold at 4 per cent above book value as at Dec 31, 2025 and an exit yield of 2.3 per cent. This is based on FY 2025 earnings before interest, taxes, depreciation and amortisation.The net proceeds from the divestment are $341.7 million and CLAS will have a net gain of approximately $38.1 million. The transaction is expected to be completed in the third quarter of 2026.Serena Teo, chief executive of CapitaLand Ascott Trust Management, said the divestment “underscores CLAS’ disciplined approach to portfolio reconstitution”.“It further enhances CLAS’ financial flexibility, enabling us to redeploy the proceeds into higher-yielding properties, support our asset enhancement initiatives, repay higher-interest debt, and/or fund general corporate purposes,” Teo said in the statement on May 29.CapitaLand Ascott Trust said on May 29 it was selling The Robertson House by The Crest Collection in Singapore to an unrelated third party for $360 million.CAPITALAND ASCOTT TRUSTPost-divestment, CLAS will have four lodging properties in Singapore. Three properties – Ascott Orchard Singapore, lyf one-north Singapore and lyf Funan Singapore – are operational. The fourth property, Somerset Clarke Quay Singapore, is currently under redevelopment and is on track to complete around end-2026, and is expected to begin contributing income progressively from early 2027.Shares for CLAS closed at 90 cents for the week.Major US tech companies are expected to release earnings reports in the coming weeks, including Hewlett Packard Enterprise and CrowdStrike.The 52nd G7 Leaders’ Summit is scheduled to take place in France from June 15 to 17, with political leaders expected to focus on topics including international trade, mineral supply chains and artificial intelligence.