These are Singapore companies which may be in focus on Friday, 26 April 2019:
Singapore Exchange reported Thursday its fiscal third quarter net profit fell 1 percent on-year to S$99.7 million amid higher expenses and lower equities and fixed income revenue.
Contract manufacturer Venture Corp. reported Thursday its first quarter net profit rose 8.6 percent on-year to S$90.9 million on broad-based growth in its technology portfolio and “solid execution of customers’ programs.”
Hyflux said Thursday its troubled Tuaspring plant received a letter from Malayan Banking declaring immediately payable the S$509.12 million drawn down under term loan facilities and US$44.53 million (S$60.72 million) cash cover for contingent liabilities.
Hyflux said Thursday it was in talks with potential overseas investors, including discussions with a Middle East-based entity over the possible injection of S$400 million.
Starhill Global REIT
Starhill Global REIT reported Thursday its fiscal third quarter net property income slipped 1.8 percent on-year to S$39.6 million amid a weaker performance from Singapore retail and a weaker Australian dollar. The results missed a forecast from Daiwa.
DBS said on Thursday Islamic Bank of Asia is now an indirect wholly owned subsidiary after the completion of a selective capital reduction exercise.
Wilmar announced Thursday the formation of several new subsidiaries.
Yihai Kerry Arawana Oils, Grains & Food, or YKA, an indirect 99.99 percent owned subsidiary of Wilmar, has formed a direct subsidiary called Yihai Kerry (Hefei) Oils & Grains Industries, or YK Hefei, Wilmar said in a filing to SGX Thursday
China Everbright Water
China Everbright Water obtained the Shandong Ju County Chengbei Waste Water Treatment Plant Expansion Project phase one, which has an investment of around 105 million yuan, or S$21.22 million, the company said.