This article was originally published on Friday, 10 May 2019 at 1:27 A.M. SGT; it has since been updated to include OCBC.
These are Singapore companies which may be in focus on Friday, 10 May 2019:
OCBC reported Friday its first quarter net profit rose 11 percent on-year to S$1.23 billion amid strong income growth across the banking, wealth management and insurance franchise.
UOB KayHain had forecast net profit of S$1.12 billion, while Daiwa had forecast net profit of S$1.21 billion.
Genting Singapore reported Thursday its first-quarter net profit fell 5 percent on-year to S$205.47 million as gaming revenue declined.
Singapore Exchange reported Thursday its overall commodity derivatives volume jumped 64 percent on-year in April, amid upheaval in the iron-ore industry.
SATS and PSA International
Port operator PSA International and SATS signed Thursday a memorandum of understanding to provide cargo owners and logistics service providers sea-air connectivity in a move to boost Singapore’s status as a multi-modal transport hub, the companies said in a filing to SGX.
Jardine Matheson and Jardine Strategic
Jardine Matheson and Jardine Strategic both reported Thursday that they “performed steadily” in the first quarter, with overall earnings slightly ahead of the year-ago period.
Ascendas Hospitality Trust
Ascendas Hospitality Trust reported Thursday its fiscal fourth quarter net property income rose 4.1 percent on-year to S$22.86 million on the full-quarter contribution of five hotels acquired the previous year and lower net finance costs.
OUE Commercial REIT
OUE Commercial REIT reported Thursday its first quarter net property income rose 23.5 percent on-year to S$43.6 million on the contribution from the office components of OUE Downtown, which were acquired in November.
ARA US Hospitality REIT
ARA US Hospitality Trust ended its first day of trade on the Singapore Exchange at US$0.88, flat with its offering price, after trading in a range of US$0.865 to US$0.88.
CapitaLand said Thursday it has spend three months documenting the high-rise Pearl Bank Apartments ahead of its demolition for redevelopment, in a project including drone scans of the facade to 3-D laser scans of apartment types and common areas.
The company said in a filing to SGX it will also host a “guided photowalk” for Instagram users and architecture enthusiasts to see the interior of the building which was completed in 1976.
“Built during the early years of Singapore’s independence, Pearl Bank Apartments offered an innovative scheme to city living with its high-rise and high-density concept,” Ronald Tay, CEO of CapitaLand Singapore, Malaysia and Indonesia, said in the statement. “We have documented these approaches in digital format, which can be easily downloaded for academic study.”
Ascott Residence Trust
Ascott Residence Trust Management, the manager of Ascott Residence Trust, said Thursday said it has completed the sale of the Ascott Raffles Place Singapore property. The deal was announced in January.
Sunpower Group said Thursday it was selected as the exclusive supplier of a cryogenic pipeline support system for one of the event venues for the Beijing 2022 Winter Olympic Games.
Soilbuild Construction proposed on Thursday a preferential offering of up to 168.25 million new shares, which is expected to raise around S$12.3 million, and up to 168.25 million free detachable warrants, which if fully exercised would raise another S$12.3 million.
TEE Land and TEE International
TEE Land and TEE International both requested trading halts Thursday, pending the release of an announcement.
Pawnbroker Maxi-Cash Financial Services reported Thursday its first quarter net profit rose 55 percent on-year to S$2.80 million on lower other operating expenses, including a narrower foreign exchange loss.
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