This article was originally published on Monday, 26 February 2019 at 22:36 SGT; it has since been updated to include Bumitama Agri and Soilbuild Construction.
These are Singapore companies which may be in focus on Tuesday, 26 February 2019:
ST Engineering said on Monday it obtained a 10-year contract valued at US$600 million, or around S$813 million, to provide heavy maintenance services to a major North American operator, which is an existing customer.
Sembcorp Marine said on Monday it obtained new contracts valued at around S$175 million for projects including designing and building a 12,000 cubic square meter LNG bunker vessel and for repair and modernization works on 13 cruise vessels.
Bumitama Agri reported on Tuesday its fourth quarter net profit attributable to the owners dropped 43 percent on-year to 207.37 billion rupiah (S$19.96 million or US$14.79 million). That missed some analysts’ forecasts.
Soilbuild Construction Group
Soilbuild Construction Group warned on Tuesday it expected to report a loss for the fourth quarter and full year after an arbitrator ruled against its wholly owned subsidiary Soil-Build in a case it brought against a sub-contractor.
Supermarket operator Sheng Siong reported its fourth quarter net profit increased 4.6 percent on-year to S$17.5 million as new stores boosted revenue.
Ho Bee Land
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.
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.
TEE International and TEE Land
TEE International said on Monday it entered a term sheet, or nonbinding agreement, to sell up to 125.13 million shares of TEE Land, or an up to around 28.0 percent stake, to Top Capital Securities at S$0.179 to S$0.201 a share.
Singapore realty company PropNex reported on Monday its fourth quarter net profit dropped 63.5 percent on-year to S$1.87 million after the government implemented property cooling measures.