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
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.
Read more: ST Engineering wins aircraft heavy maintenance contract
Sembcorp Marine
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.
Read more: SembMarine lands new contracts valued around S$175 million
Bumitama Agri
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.
Read more: Bumitama Agri 4Q18 net profit misses 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.
Read more: Arbitration ruling to weigh on Soilbuild 4Q18 and 2018 earnings
Sheng Siong
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.
Read more: Sheng Siong 4Q18 net profit rose despite slower sales
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.
Read more: Ho Bee Land reports 4Q18 net profit fell 21 percent amid drop in development sales
Aspial
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.
Read more: Aspial reports 2018 net profit surged on CityGate project
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.
Read more: TEE International enters deal to sell up to 28 percent of TEE Land
PropNex
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.
Read more: PropNex reports 4Q18 net profit dropped 64 percent after property cooling measures
