This article was originally published on Wednesday, 8 May 2019 at 22:23 SGT; it has since been updated to add Manulife US REIT.
These are Singapore companies which may be in focus on Thursday, 9 May 2019:
Dairy Farm International
Supermarket operator Dairy Farm International said Wednesday sales and profit in Southeast Asia were impacted by the beginning of the company’s store-consolidation plan.
Hongkong Land said Wednesday rental reversions in its Hong Kong Central office and retail portfolios were positive in the first quarter.
Mandarin Oriental International said Wednesday its underlying profit for the first quarter rose on-year on better results at the Mandarin Oriental Hyde Park, London.
Rubber producer Halcyon Agri reported Wednesday a first quarter net loss of US$5.7 million, swinging from a net profit of US$1.3 million in the year-ago quarter, on lower volumes and higher financing costs.
Roxy Pacific Holdings reported Wednesday its first quarter net profit fell 54 percent on-year to S$5.33 million on higher expenses and taxes.
Manulife US REIT
Manulife US REIT said Thursday the 114.08 million new units it issued at US$0.824 each in a private placement will begin trading on the main board of the Singapore Exchange at the market open Thursday.
Keppel Corp. said Wednesday its indirect wholly owned subsidiary FELS Baku entered a deal to sell its 100 percent interest in HPJ to Azerbaijani citizen Sabir Aliyev for around S$1.36 million.
Azerbaijan-based HPJ hold the right for permanent use of a plot of land in front of City Mansion complex in Baku, Azerbaijan, Keppel said in a filing to SGX.
Pawnbroker ValueMax reported Wednesday its first quarter net profit dropped 9.9 percent on-year to S$5.57 million on declines in revenue from the jewelry business.
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