These are Singapore stocks which may be in focus on Friday 9 November 2018:
City Developments
City Developments reported on Thursday that its net profit for the third quarter rose 10.4 percent on-year to S$161.8 million on strong contributions from property development in Singapore, China and Japan.
Read more: City Developments reports 3Q18 net profit rose 10 percent on property development segment
Genting Singapore
Genting Singapore reported net profit for the third quarter rose 25 percent on-year to S$210.41 million amid a strong performance in its attractions business.
Sunpower Group
Sunpower Group said late on Thursday that two substantial shareholders placed 14 million shares with a lender as collateral for a loan and said the shares were no longer in the depository broker account. Lender America 2030 Capital said the collateral was forfeited due to borrowers’ failure to pay the amounts owed to lender.
Read more: UPDATE: Sunpower: Substantial shareholders’ collateral shares appear to go missing
Dairy Farm
Dairy Farm International reported on Thursday that its third quarter results were mixed, with a strong performance in health and beauty offset by a softer food segment.
SATS
SATS reported on Thursday that its fiscal second quarter net profit fell 9 percent on-year to S$65.7 million on the absence of a S$7 million gain on disposal of assets held for sale in the year-ago period and on lower contributions from associates and joint ventures.
Read more: SATS reports fiscal 2Q net profit fell 9 percent on year-ago one-off gain
SIA Engineering
SIA Engineering reported on Thursday that its fiscal second quarter net profit fell 1.6 percent on-year to S$38 million ami lower revenue from airframe and fleet management.
Read more: SIA Engineering reports fiscal 2Q net profit fell slightly amid lower airframe revenue
Frasers Property
Frasers Property reported on Friday that its fiscal full-year net profit rose 10.1 percent on-year to S$759.0 million on development project sales in Singapore and Australia and on contributions from the U.K. business parks and European assets.
Read more: Frasers Property reports fiscal full-year net profit rose 10 percent on development sales
Mapletree Logistics Trust
Mapletree Logistics Trust plans to acquire a logistics property in South Korea, Wonjin Logistics Centre, from Wonjin Logistics for 37.85 billion South Korean won, or around S$46.4 million, the trust manager said in a filing to SGX on Thursday.
Read more: Mapletree Logistics Trust to acquire South Korea logistics property
UOL
UOL clarified on Thursday that it was in confidential discussions to acquire an office property in Sydney, Australia, after a media report said it was a done deal.
Read more: UOL clarifies it’s in talks to acquire Sydney office property
SBS Transit
Bus operator SBS Transit reported on Thursday that its third quarter net profit jumped 77.5 percent on-year to S$19.72 million as the Seletar bus package began operations.
Read more: SBS Transit reports 3Q18 net profit jumps 78 percent as Seletar bus package begins
Hyflux
Hyflux said on Thursday that it obtained Maybank’s approval to further extend the deadline to execute a binding agreement with a successful bidder or investor through 29 November. That’s provided the terms of the agreement with Maybank continue to apply, it said, noting those terms including Maybank’s right to terminate the collaboration agreement if the new deadline is breached.
Noble Group
Noble Group said on Friday that the scheme meetings held on Thursday resulted in the English Scheme and the Bermuda Scheme of its restructuring plan each passed with the approval of the required majority of each class of creditors.
Dyna-Mac Holdings
Dyna-Mac Holdings said on Thursday that it obtained a new order for fabrication services from a new customer for around S$3.3 million.
The project, which will begin immediately, will be fabricated and constructed at its Singapore yard, with completion expected by the fourth quarter of 2019, it said in a filing to SGX after the market close on Thursday.
