This article was originally published on Tuesday, 14 May 2019 at 21:58 SGT; it has since been updated to include City Developments, Singtel, AIMS APAC REIT, First Resources and ST Engineering.
These are Singapore companies which may be in focus on Wednesday, 15 May 2019:
City Developments entered a deal to invest in China property developer Sincere Property Group for a total 5.5 billion yuan, or around S$1.1 billion, the Singapore real estate company said in a filing to SGX before the market open Wednesday.
Singtel reported Wednesday its fiscal fourth quarter net profit rose 0.4 percent on-year to S$773 million as results were adversely impacted by the Australian dollar depreciating by 7 percent on-year.
Singapore Exchange said Tuesday it would introduce from 3 June a 10-minute “trade at close,” or TAC, session, to immediately follow the closing auction routine.
City Developments reported Wednesday its first quarter net profit jumped 133.8 percent on-year to S$199.56 million on strong profit margins for development projects and a gain from the divestment of Manulife Centre.
ST Engineering reported Wednesday its first quarter net profit increased 11 percent on-year to S$131.1 million on a favorable sales mix.
ComfortDelGro reported Tuesday its first quarter net profit increased 6.2 percent on-year to S$70.4 million on contributions from new acquisitions.
Hyflux has received a binding offer from United Arab Emirates-based Utico, but has not accepted or entered into a binding deal, the troubled Singapore water player said in a filing to SGX Tuesday.
AIMS APAC REIT
AIMS APAC REIT entered a deal to acquire a Queensland, Australia, property for A$38.46 million, or around S$36.92 million, from GSM Rocket Australia, the Singapore-listed industrial REIT said in a filing to SGX Wednesday.
Yanlord Land reported Tuesday first quarter net profit dropped 59 percent on-year to 323.06 million yuan (S$64.29 million or US$46.94 million) on lower gross floor area (GFA) delivered and lower average selling prices as the product mix shifted.
First Resources reported Wednesday its first quarter net profit dropped 55.7 percent on-year to US$12.29 million on weaker crude palm oil (CPO) prices, partly offset by higher sales volumes.
Singapore chili crab restaurateur JUMBO Group reported Tuesday its fiscal second quarter net profit rose 17.6 percent on-year to S$5.02 million amid higher franchise income and the closure of underperforming outlets.
Sasseur REIT has completed the acquisition of shop units at the Hefei outlets, the Chinese outlet mall owner said in a filing to SGX Tuesday.
Kencana Agri reported Tuesday a first quarter net profit of US$602,000, swinging from a year-earlier loss of US$9.85 million, on fair value gains on biological assets and the Indonesian rupiah strengthening against the U.S. dollar.
Spackman Entertainment reported Tuesday its first quarter net profit surged by more than four times to US$1.35 million, up from US$322,000 in the year-ago period.
PropNex reported Tuesday its first quarter net profit dropped 67.6 percent on-year to S$2.0 million amid lower commission income during the traditionally tepid quarter.
Moneymax reported Tuesday its first quarter net profit dropped 50.6 percent on-year to S$1.04 million amid changed accounting for leases and higher finance costs.
Isetan (Singapore) reported Tuesday its first quarter net profit rose 29.65 percent on-year to S$1.54 million despite a revenue decline amid lower total expenses.
Pine Capital appointed Wang Meng as executive director and CEO of its 51 percent-owned subsidiary Advance Capital Partners Asset Management, or ACPAM, it said in a filing to SGX Tuesday.
Wang Meng is currently the head of Greater China for Pine Capital, the filing said.
AusGroup said Tuesday it tapped Shane Francis Kimpton, who has been the company’s CEO and executive director since July 2017, as managing director.
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