Singapore stocks to watch Friday: SGX, Venture, Hyflux, Starhill Global REIT, Wilmar

SGX building on Shenton Way in SingaporeSGX building on Shenton Way in Singapore

These are Singapore companies which may be in focus on Friday, 26 April 2019:

Singapore Exchange

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.

Read more: SGX reports fiscal 3Q net profit slipped amid higher expenses, lower securities revenue

Venture Corp.

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.”

Read more: Venture reports 1Q19 net profit rose nearly 9 percent on technology-segment growth


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.

Read more: Hyflux: Maybank issues demand letter to Tuaspring for nearly S$600 million in payments


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.

Read more: Hyflux: Middle Eastern utility player in talks for S$400 million investment

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.

Read more: Starhill Global REIT reports fiscal 3Q net property income fell, missing Daiwa forecast


DBS said on Thursday Islamic Bank of Asia is now an indirect wholly owned subsidiary after the completion of a selective capital reduction exercise.

Read more about DBS.


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

Read more: Wilmar forms new subsidiaries in China

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.

Read more: China Everbright Water obtains Ju County waste-water project


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