UPDATE: Singapore stocks to watch Tuesday: Olam, Golden Agri, SBS Transit, Oxley, Sasseur REIT

Street scene with bus stop in Geylang neighbourhood in SingaporeStreet scene in Singapore

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:

Olam International

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.

Read more: Olam reports 1Q19 net profit rose 7 percent on edible nuts and cocoa contributions

Golden Agri-Resources

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.

Read more: Golden Agri reports 1Q19 net profit rose 55 percent despite palm oil price decline

Bumitama Agri

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.

Read more: Bumitama Agri reports 1Q19 net profit dropped 52 percent on palm oil price decline

SBS Transit

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.

Read more: SBS Transit reports 1Q19 net profit rose 23 percent on higher bus mileage

Oxley Holdings

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.

Read more: Oxley fiscal 3Q net profit more than doubled despite 75 percent revenue drop

Sasseur REIT

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.

Read more: Sasseur REIT reported 1Q19 rental income beat IPO forecasts


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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.

Read more: NetLink NBN Trust reports fiscal 4Q net profit rose 31 percent, topping IPO forecast

APAC Realty

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.

Read more: APAC Realty reports fiscal 1Q19 net profit dropped 70 percent amid ‘tepid’ market

Isetan (Singapore)

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.


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