Singapore share buybacks Thursday: Keppel REIT
These are Singapore companies which announced share buybacks on Thursday, 31 January 2019: Keppel REIT Keppel REIT bought back 1 million units in the market…
January 2019
GuocoLand fiscal 2Q net profit dropped 84 percent on lower residential sales
Developer GuocoLand reported on Thursday its fiscal second quarter net profit dropped 84 percent on-year to S$10.85 million amid lower sales of residential units. Revenue…
Noble: Shareholders must take action to receive shares in New Noble
Noble said Thursday shareholders must take action to receive their shares in the post-restructuring entity, New Noble, although there still isn’t a way to trade those shares.
Turnaround for CDL Hospitality Trusts in sight, analysts say
Analysts were positive on the outlook for CDL Hospitality Trusts, pointing to signs of recovery in the Singapore market. RHB tipped the trust as its…
RHB: Take the offer for M1 shares
Accepting the cash offer for Singapore telco M1’s shares will give the best risk-reward amid new competition from TPG Telecom, RHB said in a note…
Forex trends: US dollar tumbles in wake of dovish comments from Fed
The U.S. dollar dropped sharply in the wake of dovish comments from the U.S. Federal Reserve, marking what could be a sea-change in its long-drawn…
UPDATE: Singapore stocks to watch Thursday: Ascendas REIT, Grab, Frasers Hospitality, OUE Commercial
These are Singapore stocks which may be in focus on Thursday, 31 January 2019: Ascendas REIT, Grab, Frasers Hospitality and OUE Commercial.
Frasers Hospitality Trust fiscal 1Q net property income slipped on Malaysia, Japan weakness
Frasers Hospitality Trust reported on Wednesday that its fiscal first quarter net property income slipped 1.2 percent on-year to S$31.1 million, mainly on a weaker…
Singapore share buybacks Wednesday: Keppel REIT
These are Singapore companies which announced share buybacks on Wednesday, 30 January 2019: Keppel REIT Keppel REIT bought back 1.5 million units in the market…
Ascendas REIT reports fiscal 3Q net property income rose on UK and Australia acquisitions
Ascendas REIT reported on Wednesday its fiscal third quarter net property income increased 6.6 percent on-year to S$168.0 million on contributions from newly acquired and…
Japan Foods reports fiscal 3Q net profit drops more than 50 percent on higher expenses
Japan Foods reported on Wednesday that net profit for its fiscal third quarter dropped 51.3 percent on-year to S$1.2 million on higher expenses and its…
UPDATE: Singapore competition regulators fine Capri, Village Hotels, Crowne Plaza for sharing data
Singapore competition regulators fined the owners and operators of several hotels, saying that they shared pricing details on their corporate customers.
UPDATE: Ascendas REIT to develop S$181 million build-to-suit project for Grab headquarters
Ascendas REIT agreed to design, develop and manage ride-sharing platform Grab’s new headquarters in Singapore in a S$181.2 million build-to-suit project, it said in a…
Yangzijiang acquires 40 percent of Zhuoneng it didn’t already own for 20 million yuan
Yangzijiang Shipbuilding said on Wednesday that its wholly owned subsidiary Jiangsu Yanghong Marine Import and Export acquired the remaining 40 percent of Jiangsu Yangzi Zhuoneng Industrial it…
OUE Commercial REIT 4Q18 net property income rises on OUE Downtown Office acquisition
OUE Commercial REIT reported on Wednesday that its fourth quarter net property income rose 5.6 percent on-year to S$36.64 million, mainly on contributions from OUE…
Y Ventures points to specific inadequacies for erroneous accounting
Y Ventures pointed on Wednesday to specific inadequacies, including using Excel for inventory management, as leading to its need to restate its first-half results to…
UPDATE: Singapore stocks to watch Wednesday: Starhill Global REIT, Suntec REIT, OUE Hospitality, SGX
These are Singapore stocks which may be in focus on Wednesday, 30 January 2019: Starhill Global REIT Starhill Global REIT reported net property income for…
Ascendas Hospitality Trust reports flat fiscal 3Q net property income
Ascendas Hospitality Trust reported on Tuesday that its net property income for the fiscal third quarter was flat on-year at S$23.2 million, when excluding year-earlier…
Golden Agri downgraded to Sell by RHB on need for ‘aggressive replanting’
RHB downgraded Golden Agri Resources to Sell from Neutral, saying the palm oil company needs “aggressive replanting” and cost management. “While we believe 2019 will…
Suntec REIT to issue S$100 million notes due 2025
Suntec REIT MTN (SRMTN), which is Suntec REIT’s trustee, launched and priced S$100 million 3.355 percent notes due 2025, which will be issued under its…
Starhill Global REIT fiscal 2Q net property income falls, missing Daiwa forecast
Starhill Global REIT reported net property income for its fiscal second quarter fell 2.4 percent on-year to S$39.5 million as higher contributions from the Singapore…
OUE Hospitality Trust 4Q18 net property income fell 1 percent on lower hotel, retail revenue
OUE Hospitality Trust reported on Tuesday its fourth quarter net property income fell 1 percent on-year to S$28.90 million as revenue from both its hospitality…
UPDATE: China Kunda: Potential stake sale may trigger takeover bid
China Kunda Technology may see a takeover bid as a potential purchaser of its shares could end up with a more than 50 percent stake….
Singapore stocks to watch Tuesday: M1, Ascott Residence Trust, CDL Hospitality, Yoma
These are Singapore stocks which may be in focus on Tuesday, 28 January 2019: M1 Singapore telco M1 reported on Monday its fourth quarter net…
CDL Hospitality Trusts 4Q18 net property income fell on divestments
CDL Hospitality Trusts reported on Tuesday its fourth quarter net property income fell 5.4 percent on-year to S$38.41 million on the divestment of two Australian…
Ascott Residence Trust reports 4Q18 gross profit rose 3 percent on Singapore acquisition
Ascott Residence Trust reported on Tuesday its fourth quarter gross profit rose 3 percent on-year to S$63.4 million, mainly on revenue from the Ascott Orchard…
China Kunda Technology swings to loss for fiscal 3Q as plastics sales decline
China Kunda Technology reported on Monday it swung to a net loss of HK$286,000 (S$49,340) for its fiscal third quarter from a year-earlier net profit…
Singapore share buybacks Monday: Stamford Land
These are Singapore companies which announced share buybacks on Monday, 28 January 2019: Stamford Land Stamford Land bought back 28,800 shares in the market at…
Parkway Life REIT 4Q18 net property income up nearly 4 percent on Japan facility acquisition
Parkway Life REIT reported Monday 4Q18 net property income rose 3.8 percent on-year to S$26.72 million; but full-year results missed a forecast from DBS.
Telco M1’s 4Q18 net profit fell 21 percent on higher expenses
Singapore telco M1 reported on Monday its fourth quarter net profit fell 21.4 percent on-year to S$25.2 million on rising expenses and falling margins. The…
Singapore stocks to watch Monday: Keppel, Oxley, Great Eastern, OUE, Frasers Hospitality
These are Singapore stocks which may be in focus on Monday, 28 January 2019: Keppel Corp. Portsville, a wholly owned subsidiary of Keppel Land (KLL),…
Keppel to divest 70 percent stake in Dong Nai Waterfront City for around S$136 million
Portsville, a wholly owned subsidiary of Keppel Land (KLL), will be selling a 70 percent stake in Vietnam-based Dong Nai Waterfront City (DNWC) to Nam…
Oxley Holdings in talks to sell part of Dublin Landings to Greystar
Oxley Docklands Quay Three and National Asset North Quays DAC entered a letter of agreement with Greystar Europe Holdings to sell the long leasehold interest…
Great Eastern to sell 5 percent stake in QBE Indonesia to Suryasono Sentosa
Great Eastern Holdings said on Monday it entered a deal to sell 5 percent of PT QBE General Insurance Indonesia to PT Suryasono Sentosa, or…
Singapore Airlines upgraded to Buy by Maybank KimEng
Maybank KimEng upgraded Singapore Airlines to Buy from Hold on an improving outlook, saying the carrier’s strategy to consolidate Silkair appears “wise.” “They have done this…
Y Ventures downgraded to Reduce by CGS-CIMB after erroneous accounting
CGS-CIMB downgraded Y Ventures to Reduce from Add after the company was forced to restate its first-half results as losses due to erroneous accounting entries….
Singapore share buybacks Friday: Straits Trading, Spackman Entertainment
These are Singapore companies which announced share buybacks on Friday, 25 January 2019: Spackman Entertainment Spackman Entertainment bought back 2 million shares in the market…
Cache Logistics Trust reports 4Q18 net property income slipped on lower Singapore income
Cache Logistics Trust reported on Friday its fourth quarter net property income slipped 0.6 percent on-year to S$23.37 million on lower contributions from the Singapore…
Agri-business Olam to invest US$3.5 billion in new six-year strategy
Agri-business Olam International set out its new six-year strategy on Friday, with plans to invest US$3.5 billion, including maintenance capex, to boost the businesses it…
Forex trends Friday: British pound rallies on expectations no-deal Brexit will be avoided
Brexit bickering continued in the U.K., but sterling rallied on Thursday, while the euro recovered early losses after the European Central Bank kept policy unchanged,…