Jardine Matheson 2018 net profit drops 56 percent on Dairy Farm charge
Jardine Matheson reported its 2018 net profit fell 56% to US$1.73B, hit by a US$296M restructuring charge for Dairy Farm’s Southeast Asia food business.
February 2019
Dairy Farm 2018 net profit dropped 77 percent on Southeast Asia food restructuring charge
Supermarket operator Dairy Farm reported Thursday its 2018 net profit dropped 77% after a restructuring charge for the Southeast Asia food business.
Jardine Strategic reports 2018 net profit dropped 57 percent
Jardine Strategic reported Thursday its 2018 net profit dropped 57% on-year, partly on a restructuring charge for Dairy Farm’s Southeast Asia food business.
Yangzijiang Shipbuilding to take 51 percent stake in Shanghai Econovo
Yangzijiang Shipbuilding said Thursday it entered a subscription agreement to acquire a 51 percent interest in Shanghai Econovo for 11.24 million yuan.
Halcyon Agri posts 4Q18 loss as trade war pushes rubber prices to lows
Natural rubber producer Halcyon Agri reported on Thursday a fourth quarter net loss of US$7.4 million, despite higher sales volumes, as rubber prices fell.
Hongkong Land 2018 net profit falls 56 percent on lower valuation gains
Hong Kong Land reported Thursday its 2018 net profit fell 56% on-year to US$2.46B on a lower net gain from higher valuations of investment properties.
Mandarin Oriental 2018 net profit fell 21 percent on write-down for Excelsior closure
Mandarin Oriental reported Thursday its 2018 net profit fell 21% on-year to US$43.6M on a write-down related to the planned closure of the Excelsior hotel.
UPDATE: Indofood Agri swings to 4Q18 net loss as palm oil prices hit by US trade war
Indofood Agri reported Thursday it swung to a 4Q18 net loss after tax of 362B rupiah, or S$34M, from a year-ago net profit, mainly on soft commodity prices.
UPDATE: Olam reports 4Q18 net profit drops 72 percent, ‘below our expectations’
Commodity trader Olam reported Thursday its 4Q18 net profit dropped 71.6% on-year to S$75.31 million on a year-earlier gain and as coffee prices fell.
UPDATE: Singapore stocks to watch Thursday: M1, Olam, Yanlord Land, Jardine C&C, Banyan Tree
These are Singapore companies which may be in focus on Thursday, 27 February 2019: M1, Olam, Yanlord Land, Jardine C&C, Banyan Tree and Sunpower.
Frasers Centrepoint Trust to acquire around 17 percent stake in Tiong Bahru Plaza owner
Frasers Centrepoint Trust said Thursday entered deals to buy an around 17.13% stake in PGIM Real Estate AsiaRetail Fund for an aggregate S$342.5 million.
Singapore share buybacks Wednesday: OCBC, Bumitama Agri, ST Engineering
These are Singapore companies which announced share buybacks on Wednesday, 27 February 2019: OCBC, ST Engineering, Bumitama Agri and Stamford Land.
Banyan Tree reports 4Q18 net profit rose 44 percent on disposal of Seychelles assets
Resort operator Banyan Tree reported Wednesday its 4Q18 net profit increased 44% on-year to S$5.6M on a gain from disposing of assets in the Seychelles.
Sunpower Group 4Q18 net profit jumps 162 percent on green investment ramp-up
Sunpower Group reported Wednesday its fourth quarter net profit jumped 161.6 percent on-year on stronger-than-expected ramp-up of green investment projects.
Jardine Cycle & Carriage full year net profit fell 55 percent amid fair value losses
Jardine Cycle & Carriage reported Wednesday its 2018 net profit fell 55% on-year to US$420M, mainly on unrealized fair value losses.
Yanlord Land reports 4Q18 net profit fell 78 percent as average selling prices fell
China property developer Yanlord Land reported Wednesday its fourth quarter net profit fell 78 percent on-year as it delivered less gross floor area.
M1 to be delisted as takeover acceptances top 90 percent
M1 will be delisted from the SGX as acceptances of the takeover bid for the Singapore telco have crossed over 90 percent, Konnectivity said Wednesday.
SoilBuild Construction reports wider 4Q18 net loss after arbitration loss
SoilBuild Construction reported Wednesday a 4Q18 net loss of S$4.01M, wider than the year-ago net loss of S$3.15M after an unfavorable arbitration ruling.
Perennial Real Estate taps Khoo Chow Huat as new China chief operating officer
Perennial Real Estate said on Wednesday it tapped Khoo Chow Huat as its new chief operating officer for China, effective 1 March, while Liak Teng…
UPDATED: Cromwell European REIT reports results beating IPO forecasts
Cromwell European REIT reported Wednesday its net property income for 30 November 2017 to end-December 2018 was 90.18 million euros, above its IPO forecast.
UPDATE: Golden Agri reports 2018 net loss, missing some analysts’ forecasts
Golden Agri reported Wednesday a 2018 net loss of US$2M, on a foreign exchange loss, loss from changes in the fair value of biological assets and a deferred tax expense.
UPDATE: Singapore stocks to watch Wednesday: CapitaLand, Golden Agri, OUE, Olam, UOL
These are Singapore companies which may be in focus on Wednesday, 27 February 2019: CapitaLand, Golden Agri, UOL, OUE and Olam.
CapitaLand launches China discretionary debt fund after raising US$556 million
CapitaLand said on Wednesday it launched its first discretionary real estate debt fund targeting China’s first and second tier cities after raising US$556M.
Singapore share buybacks Tuesday: OCBC, StarHub, Stamford Land
These are Singapore companies which announced share buybacks on Tuesday, 27 February 2019: OCBC, StarHub and Stamford Land.
Citic Envirotech 2018 net profit rose 42 percent on higher engineering, membrane revenue
Water-treatment player Citic Envirotech reported Tuesday its 2018 net profit rose 41.6% on higher revenue from engineering and membrane system sales.
UOL Group reports 2018 net profit dropped 51 percent on year-ago gain
UOL Group reported Tuesday its 2018 net profit fell 51 percent on-year to S$433.72 million due to a year-earlier one-off gain for consolidating UIC results.
OUE reports 2018 net profit dropped 89 percent on goodwill impairment
OUE reported Tuesday its full year net profit dropped 89.4% on-year to S$10.0M, partly on impairment of goodwill for its investment in OUE Lippo Healthcare.
Olam acquires 85 percent of YTS for US$90 million
Olam said Tuesday it acquired 85% of YTS, which owns all of cocoa processor BT Cocoa, for US$90M, expanding its footprint in Indonesia’s cocoa market.
Hi-P International upgraded by Maybank KimEng as ‘worst is over’
Maybank KimEng upgraded Hi-P International to Hold from Sell, saying the worst appeared to be over, but that earnings growth this year might be limited.
UPDATE: Singapore stocks to watch Tuesday: ST Engineering, SembMarine, Sheng Siong, Ho Bee Land
These are Singapore companies which may be in focus on Tuesday, 26 February 2019: ST Engineering, SembMarine, Sheng Siong and Ho Bee Land.
UPDATE: Bumitama Agri 4Q18 net profit dropped 43 percent, missing some analysts’ forecasts
Bumitama Agri reported Tuesday its 4Q18 net profit dropped 43% on-year to IDR207.37B amid lower commodity prices. That missed some analysts’ forecasts.
Soilbuild warns it expects to report 4Q18 and 2018 loss after arbitration ruling
Soilbuild warned Tuesday it expected to report a 4Q18 and full-year loss after an arbitrator ruled against it in a case it brought against a sub-contractor.
Singapore share buybacks Monday: Keppel REIT, StarHub, SingPost
These are Singapore companies which announced share buybacks on Monday, 25 February 2019: Keppel REIT, StarHub and SingPost.
Aspial reports 2018 net profit surged on CityGate project
Aspial reported on Monday its 2018 net profit came in at S$28.35 million, up from S$2.31 million a year earlier, amid sales recognition from the CityGate project in Singapore.
PropNex reports 4Q18 net profit dropped 64 percent after property cooling measures
Realty company PropNex reported Monday its 4Q18 net profit dropped 63.5 percent on-year after the government implemented property cooling measures.
ST Engineering obtains US$600 million aircraft heavy maintenance contract
ST Engineering said Monday it obtained a 10-year contract valued at US$600 million to provide heavy maintenance services to a major North American operator.
Ho Bee Land reports 4Q18 net profit fell 21 percent amid drop in development sales
Ho Bee Land reported on Monday that its fourth quarter net profit fell 20.9 percent on-year to S$81.28 million amid a drop in development sales revenue.
Sheng Siong 4Q18 net profit rose nearly 5 percent on new stores
Supermarket operator Sheng Siong reported its 4Q18 net profit increased 4.6% on-year to S$17.5 million despite slower sales as new stores boosted revenue.
TEE International enters deal to sell up to 28 percent of TEE Land
TEE International said Monday it entered a deal to sell up to 28 percent of TEE Land to Top Capital Securities at S$0.179 to S$0.201 a share.
SembMarine lands new contracts valued around S$175 million
Sembcorp Marine said Monday it obtained new contracts valued at around S$175M for building an LNG bunker vessel and for repair works on 13 cruise ships.