UOB 4Q18 earnings may outperform peers on lower China exposure
UOB may outperform its peers when it reports earnings Friday, benefiting from its lower exposure to China and wealth management, analysts said.
February 2019
Singapore budget 2019: These are the big losers from foreign worker changes
Singapore’s 2019 budget will have some clear losers: Labor-intensive service industries, such as retail, hospitality and food and beverage.
UPDATE: Singapore stocks to watch Tuesday: Sasseur REIT, Citic Envirotech, Frasers Property, Spackman
These are Singapore companies which may be in focus on Tuesday, 18 February 2019: Sasseur REIT, Citic Envirotech, Frasers Property and Spackman.
ACT enters deals to potentially acquire Procurri shares
A.C.T. Holdings entered put-and-call option deals to potentially acquire Procurri shares from Soh Chooi Lai and Xu Wen Jiong, it said SGX filings Tuesday.
Creative Technology lands a mention in Singapore budget 2019
Creative Technology landed a mention in Singapore’s budget speech on Monday, as Finance Minister Heng Swee Keat sought to highlight the importance of the entrepreneurial…
Sasseur REIT’s 4Q18 distribution per unit beat IPO forecasts
Sasseur REIT reported on Monday its 4Q18 DPU was 1.999 Singapore cents, 28.1 percent above the forecast from its IPO prospectus for 1.561 Singapore cents.
Citic Envirotech obtains 474 million yuan hazardous waste treatment project
Citic Envirotech said Monday it obtained a 474 million yuan industrial hazardous waste treatment project in Linfen City, Shanxi Province, China.
Singapore share buybacks Monday: Keppel REIT, Stamford Land, SingHaiyi
These are Singapore companies which announced share buybacks on Monday, 18 February 2019: Keppel REIT, SingHaiyi and Stamford Land.
Singapore NODX drops 10.1 percent in January, extending December decline
Singapore’s NODX declined 10.1% on-year in January, off a high year-ago base, extending December’s 8.5% decline, Enterprise Singapore said Monday.
UPDATE: Singapore stocks to watch Monday: DBS, Frasers Property, M1, Hyflux, DeClout, Procurri
These are Singapore companies which may be in focus on Monday, 18 February 2019: DBS, M1, Hyflux, DeClout, Procurri, JUMBO and Spackman.
Frasers Property to acquire 18 percent stake in Tiong Bahru Plaza owner for around S$356 million
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.
UPDATE: DBS 4Q18 net profit rose despite wealth management declines, but missed some forecasts
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 to give her shares to other PNP shareholders
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.
JUMBO enters joint venture to open JUMBO Seafood outlets in South Korea
Iconic Singapore chili crab restaurateur JUMBO Group entered a joint venture to introduce JUMBO Seafood outlets in South Korea, it said Friday.
Singapore share buybacks Friday: Singtel, SingHaiyi, Stamford Land
These are Singapore companies which announced share buybacks on Friday, 15 February 2019: Singtel, SingHaiyi and Stamford Land.
Takeover offer for M1 turns unconditional as Axiata tenders stake
Konnectivity’s bid for M1 has become unconditional after one of the Singapore telco’s major shareholders, Malaysia-based Axiata, tendered its shares.
Singapore banks downgraded in Daiwa’s Singapore strategy
Daiwa downgraded Singapore banks to Neutral and deleted DBS from its portfolio as the investment bank positioned away from rate-sensitive plays.
SATS upgraded to Add by CGS-CIMB after earnings beat expectations
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.
UPDATE: Singapore stocks to watch Friday: Singapore Airlines, ThaiBev, StarHub, Creative, Old Chang Kee
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 acquires French logistics property
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 4Q18 economic growth slowdown expected to continue into 2019
Singapore’s 4Q18 economic growth slowed to 1.9% on-year as the construction and wholesale & trade sectors contracted, MTI said Friday.
DBS wealth management income likely weighed by market volatility in 4Q18
DBS was expected to report decent fourth quarter earnings growth even as wealth management fees were expected to have been hurt by market volatility.
Kimly earnings outlook cut by RHB as higher costs hit profitability
RHB lowered its earnings forecast for Kimly, as higher costs ate into profitability, and pointed to an overhang on the stock amid ongoing investigations.
Old Chang Kee reports fiscal 3Q profit rose 25 percent amid higher retail revenue
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 reports fiscal 2Q net loss widened, guides for 3Q operating loss
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.
