ASL Marine proposes warrant issue to shareholders and noteholders
ASL Marine said on Monday that it proposed to issue warrants to shareholders and noteholders, with each warrant to give the right to subscribe for…
December 2018
China Everbright Water: Three Jiangsu projects to receive government subsidies
China Everbright Water said on Monday that three of its projects in Jiangsu Province were approved to receive subsidies totaling 42.68 million yuan from the Special Provincial…
OUE Lippo Healthcare: China joint venture to manage 3 China Merchants medical facilities
China Merchants Lippo Hospital Management (Shenzhen), or CMLHM, a 50:50 joint venture between China Merchants Group and OUE Lippo Healthcare (OUELH), has entered agreements to…
No Market Trends, Forex Trends or Stocks to Watch items on Monday
There will be no market trends, forex trends or stocks to watch items on Monday, 31 January 2018. These items will resume on Wednesday, 2…
Keppel Land China obtains residential site in China’s Sichuan Province
Keppel Corp. said on Friday that its wholly owned subsidiary Keppel Land China obtained a 4.7-ha residential site in the Chengdu Tianfu New Area for…
Sunpower: Chief Operating Officer Shen Qiang resigns
Sunpower Group said late on Friday that its chief operating officer, Shen Qiang, has resigned, effective Friday, for personal reasons. Shen, age 43, had been…
NetLink NBN: IMDA imposes lower penalties for service quality issues
NetLink NBN Trust is closer to meeting the quality of service (QOS) standards imposed by the Info-communications Media Development Authority, or IMDA, which has imposed…
UPDATE: Konnectivity: To proceed with offer to buy M1 shares
Konnectivity will proceed with its offer to acquire all outstanding shares of Singapore telco M1 at S$2.06 each after the pre-condition of regulatory approvals was…
UPDATE: Creative Technology: Unaware of reason for stock price drop
Creative Technology said on Thursday that it was unaware of a reason for the nearly 17 percent plunge in its stock price amid a surge…
No Market Trends, Forex Trends or Stocks to Watch items on Friday
There will be no market trends, forex trends or stocks to watch items on Friday, 28 December 2018. These items will resume on Wednesday, 2…
Nomura: AirAsia deal to sell 25 aircraft to lead to special dividends
AirAsia’s deal to sell 25 existing aircraft to Castlelake for US$768 million may be a negative for the carrier’s earnings, but it’s likely to herald…
No Market Trends, Forex Trends or Stocks to Watch items on Thursday
There will be no market trends, forex trends or stocks to watch items on Thursday, 27 December 2018. These items will resume on Wednesday, 2…
Nomura: Emerging market stocks may outperform developed markets in 2019
Valuations, improving growth differentials, positioning and healthy balance sheets all suggest emerging market equities have a favorable risk-reward outlook, compared with developed markets, Nomura said…
Yongnam obtains contracts in Singapore and Australia
Yongnam Holdings said on Wednesday that it obtained contracts valued at S$73.4 million, including its first foray into the Australian market, with a supply contract…
Yoma files draft prospectus for Thai baht-denominated bonds
Yoma Strategic said on Wednesday that it filed its registration statement and draft prospectus for its Thai baht-denominated guaranteed bonds with the Office of the…
No Market Trends, Forex Trends or Stocks to Watch items for Wednesday
There will be no market trends, forex trends or stocks to watch items on Wednesday, 26 December 2018. These items will resume on Wednesday, 2…
Keppel obtains marine contracts of around S$300 million
Keppel Offshore & Marine obtained contracts valued at around S$300 million to design and build an ice-class LNG bunker vessel, refurbish a floating production storage…
Nomura: Indonesia shares set to recover in 2019
Nomura tipped remaining Overweight on Indonesia’s market in 2019, after 2018’s stumble, amid signs of a recovery. “After a turbulent ride this year, driven mostly…
Merry Christmas from Shenton Wire
Merry Christmas from the team at Shenton Wire. There were be no Stocks to Watch, Forex Trends or Market Trends items for the rest of…
UPDATE: Singapore stocks to watch Monday: Singtel, Sunpower, Boustead Projects, CNMC Goldmine, Sembcorp
These are Singapore stocks which may be in focus on Monday, 24 December 2018: Singtel Optus Wholesale has extended its current mobile virtual network operator…
Cromwell European REIT to acquire three logistics properties in France
Cromwell European REIT has entered a deal to acquire Challenger DPG France SAS, which holds three logistics properties in France, for around 21.6 million euros,…
Forex trends Monday: Safe-haven yen continues to strengthen amid market ructions
The safe-haven yen continued to strengthen last week amid a general risk-off tone across markets and amid concerns over U.S. politics, particularly the government shutdown….
Singapore market trends Monday: Market appears set for lumps of coal after Wall Street tumble
Twas the last trading session before Christmas and across the bourse, scarcely a punter was stirring as a matter of course. The portfolios were hung…
Optus: Extends MVNO tie-up with Vocus for five years
Optus Wholesale has extended its current mobile virtual network operator (MVNO) agreement with Vocus Group for five years, in a deal which includes access to…
CNMC Goldmine: HKEx rejects dual listing plan
CNMC Goldmine said on Monday that the listing committee of the Stock Exchange of Hong Kong rejected its application for a dual listing last week,…
Societe Generale: Three reasons emerging markets will underperform in 2019
Emerging market currencies and other assets are likely to continue to weaken in 2019, Jason Daw, head of emerging markets strategy at Societe Generale, said…
Boustead Projects tie-up obtains contract for Seletar Aerospace Park facility
Boustead Development Partnership (BDP), Boustead Projects co-investment tie-up with a Middle Eastern sovereign wealth fund, obtained a development contract for an aerospace facility in Singapore’s Seletar…
Boustead Projects joint venture to develop new Razer headquarters in Singapore
Boustead Projects said on Friday that its joint venture Snakepit-BP, or SBP, was awarded the development of a new business park, located in Singapore’s one-north…
Singapore share buybacks Friday: UOB, Stamford Land, Olam, Perennial, Kimly
These are Singapore companies which announced share buybacks on Friday, 22 December 2018: UOB UOB said on Friday that it bought back 60,000 shares in…
MeGroup: Obtains third Peugeot dealership in Malaysia
Malaysia-based auto dealership operator MeGroup said on Friday that it received a letter of award from the official distributor of Peugeot brand vehicles in Malaysia,…
Sunpower issues warrants to Blue Starry Energy and Glory Sky Vision
Sunpower Group said on Friday that it issued 32.28 million warrants to Blue Starry Energy, which is indirectly owned by DCP Capital Partners, and 5.88…
UPDATE: Forex trends Friday: Yen climbs as analyst points to likely year-end repatriation
The safer-haven yen gained ground heading into week-end, touching its strongest levels since September. The yen climbed, with Stephen Innes, head of Asia Pacific trading…
Singapore market trends Friday: Wall Street extends tumble amid fresh US political concerns
Santa appears to have left traders a lump of coal this year. Singapore shares may face a tough end to the week on Friday as…
Singapore stocks to watch Friday: Keppel, SIA Engineering, Wilmar, Datapulse Tech
These are Singapore companies which may be in focus on Friday 21 December 2018: Keppel Land Keppel Land’s wholly owned subsidiary DC REIT Holdings, or…
Keppel Land acquires rest of 112 Katong property for around S$57 million
Keppel Land’s wholly owned subsidiary DC REIT Holdings, or DCRH, has entered a deal to acquire the 77.6 percent it didn’t already own of PRE 1 Investments,…
Singapore share buybacks Thursday: UOB, OCBC, Venture, Keppel REIT, Kimly
These are Singapore companies which announced share buybacks on Thursday 20 December 2018: UOB UOB said on Thursday that it bought back 60,283 shares in…
Frasers Property Australia to acquire west Melbourne project from Stockland
Frasers Property Australia said on Thursday that it acquired The Grove, a west Melbourne community, from Stockland for around S$202.5 million, under deferred payment terms…
Noble Group completes restructuring plan, but still faces investigation in Singapore
Noble Group said on Thursday that it had completed its restructuring plan, bringing to an end a process that had once appeared Sisyphean, but the…
UPDATE: Singapore stocks to watch Thursday: Keppel, Perennial, Golden Energy, Aspial, China Everbright
These are Singapore stocks which may be in focus on Thursday, 19 December 2018: Keppel Keppel Land China was awarded a 10.97 ha residential site…
Keppel Land China obtains residential site in Sino-Singapore Tianjin Eco-City
Keppel Land China was awarded a 10.97 ha residential site in a public land tender for the Sino-Singapore Tianjin Eco-City for 1.07 billion yuan, or around…