This article was originally published on Monday, 13 May 2019 at 23:54 SGT; it has since been updated to include Olam International, Golden Agri-Resources and Bumitama Agri.
These are Singapore companies which may be in focus on Tuesday, 14 May 2019:
Agri-business Olam reported Tuesday its first quarter net profit increased 6.9 percent on-year to S$168.88 million on higher contributions from edible nuts and cocoa.
Golden Agri-Resources reported Tuesday its first quarter net profit rose 55 percent on-year to US$18 million, mainly on the gain from disposing of an Indonesian subsidiary.
Bumitama Agri reported Tuesday its first quarter net profit dropped 52.3 percent to 110.61 billion rupiah as crude palm oil (CPO) prices declined.
Rail and bus operator SBS Transit reported Monday its first quarter net profit increased 23.3 percent on-year, or by S$3.9 million, to S$20.67 million amid higher revenue from public transport services.
Oxley Holdings reported Monday its fiscal third quarter net profit jumped 118 percent on-year to S$66.1 million, mainly on fair value gains on investment properties in Dublin and Singapore.
Sasseur REIT reported Monday its first quarter rental income under its entrusted management agreement (EMA), was 153.3 million yuan, beating the forecast from its IPO prospectus by 3.2 percent.
NetLink NBN Trust
NetLink NBN Trust reported Monday its fiscal fourth quarter net profit attributable to unitholders rose 30.9 percent on-year to S$20.02 million, beating projections from its IPO prospectus.
APAC Realty reported Monday its first quarter net profit dropped 70 percent on-year to S$1.78 million amid a “tepid” property market in Singapore after the government implemented fresh cooling measures in July.
Isetan (Singapore) tapped Toyohiko Tanaka as chairman of the board and a non-executive, non-independent director, effective Monday, the department store operator said in a filing to SGX.
At the same time, Toshihiko Nakagome will step down from those roles, which he has held since April 2017, Isetan (Singapore) said.
The company said it would “take all necessary steps to ensure a smooth transition,” including arranging briefings for Tanaka from Nakagome.
Tanaka was previously the executive officer and general manager of the overseas operations department, and from 2015-2018 was the president of Chengdu Isetan, the filing said.
While you’re here, we’re hoping you can help us out.
Shenton Wire has been providing you with quick news and market analysis. Help us continue to bring you the news you’ve come to expect and to expand our reach beyond Singapore.
Your monthly contribution will directly fund our journalism.
You can check your existing account here. You can also contact us about other contribution levels or for corporate subscriptions and syndication queries.