UOB may outperform its peers when it reports earnings Friday, benefiting from its lower exposure to China and wealth management, analysts said.Read More
These are Singapore companies which may be in focus on Monday, 18 February 2019: DBS, M1, Hyflux, DeClout, Procurri, JUMBO and Spackman.
Frasers Property said Monday it would acquire a 17.83 percent stake in Tiong Bahru Plaza owner PGIM Real Estate AsiaRetail Fund for around S$356.4 million.
DBS said Monday 4Q18 net profit rose 8% on-year to S$1.32B, boosted by loan growth, partially offset by a decline in treasury markets income.
Hyflux CEO Lum said Saturday that if the restructuring plan is approved, she would contribute all her shares to other holders of preference shares and perpetual securities.
Iconic Singapore chili crab restaurateur JUMBO Group entered a joint venture to introduce JUMBO Seafood outlets in South Korea, it said Friday.
These are Singapore companies which announced share buybacks on Friday, 15 February 2019: Singtel, SingHaiyi and Stamford Land.
Konnectivity’s bid for M1 has become unconditional after one of the Singapore telco’s major shareholders, Malaysia-based Axiata, tendered its shares.
Daiwa downgraded Singapore banks to Neutral and deleted DBS from its portfolio as the investment bank positioned away from rate-sensitive plays.
CGS-CIMB upgraded SATS to Add from Hold after its fiscal 3Q results came in above its forecasts and overall operations performed better than expected.
This article was originally published on Thursday, 14 February 2019, at 23:09 SGT; it has since been updated to add Cromwell European REIT. These are…
Cromwell European REIT said on Friday it acquired a logistics property in Gennevilliers, France, from Challenger DPG France II SAS for 6.9 million euros.
Singapore’s 4Q18 economic growth slowed to 1.9% on-year as the construction and wholesale & trade sectors contracted, MTI said Friday.
DBS was expected to report decent fourth quarter earnings growth even as wealth management fees were expected to have been hurt by market volatility.
RHB lowered its earnings forecast for Kimly, as higher costs ate into profitability, and pointed to an overhang on the stock amid ongoing investigations.
Iconic Singapore curry puff maker Old Chang Kee reported Thursday fiscal 3Q profit after tax increased 24.6% on-year on higher revenue from retail outlets.
Creative Technology reported its fiscal 2Q net loss widened to US$4.92 million, from a US$4.23 million loss in the year-ago quarter as sales dropped.