Stamford Land’s fiscal 1Q net profit dropped 72 percent
Stamford Land reported Wednesday its fiscal 1Q net profit dropped 71.6% on-year to S$4.84M on a drop in property development earnings and a weaker AUD.
July 2019
S&P Global revises Singtel and Singtel Optus outlooks to negative
S&P Global Ratings revised Wednesday. the ratings outlook for Singapore Telecommunications and Singtel Optus to negative, citing deteriorating debt metrics.
Singapore Airlines reports fiscal 1Q net profit dropped 21 percent
Singapore Airlines reported Wednesday its fiscal 1Q net profit dropped 20.7% on-year to S$111 million on higher estimated losses from Virgin Australia.
KSH, Heeton and Lian Beng JV acquires 67 percent of Australia property development
A JV between Heeton, KSH and Lian Beng has acquired 67% of a Brisbane, Australia, property for A$5.5 million, the companies said Wednesday.
Singapore Exchange reports fiscal full year net profit hit 11-year high
SGX reported Wednesday its full-year net profit rose 7.7% on-year to S$391.10M, an 11-year high, on a strong derivatives business performance.
Global Palm Resources warns it expects 2Q19 net loss
Global Palm Resources warned Wednesday it expects to report a net loss for 2Q19, mainly on a drop in the sales volume and prices of crude palm oil.
Frasers Logistics Trust prices private placement at top of range on strong demand
Frasers Logistics & Industrial Trust said Wednesday it priced its private placement of 220M new units at S$1.173 each, raising around S$258.1M.
No Signboard warns it expects fiscal 3Q net loss
No Signboard Holdings, an iconic Singapore chili crab restaurateur, warned Wednesday it expected to report a net loss for its fiscal third quarter.
SembMarine downgraded to Reduce by CGS-CIMB on forecasts losses will widen
CGS-CIMB downgraded Sembcorp Marine to Reduce from Add, saying it was “throwing in the towel for now.”
UPDATE: Singapore stocks to watch Wednesday: CRCT, Frasers Hospitality Trust, CapitaLand, Starhill Global REIT
These are Singapore companies which may be in focus on Wednesday, 31 July 2019: CRCT, Frasers Hospitality Trust, CapitaLand, Starhill Global REIT and F&N.
Parkway Life REIT reports 2Q19 net property income rose 2 percent
Parkway Life REIT reported Wednesday its 2Q19 net property income rose 2.3 percent on-year to S$26.81 million on a Japan property acquisition.
Indofood Agri reports 2Q19 net loss widened as palm oil prices fell
Indofood Agri reported Wednesday its 2Q19 net loss widened to IDR216.54B from IDR68.60B in the year-ago period on lower selling prices for palm products.
CapitaLand Retail China Trust reports 2Q19 net property income rose 7 percent
CRCT reported Wednesday its 2Q19 net property income rose 7.3 percent on-year to S$40.36 million on stronger rental growth and lower operating expenses.
Frasers Logistics Trust launches private placement to raise as much as around S$258 million
Frasers Logistics & Industrial Trust launched a private placement of 220 million net units to raise as much as S$258.1 million, the trust said Tuesday.
Frasers Hospitality Trust reports fiscal 3Q net property income fell 11 percent
Frasers Hospitality Trust reported Tuesday its fiscal 3Q net property income fell 11% on-year on a weaker performance from the Australia portfolio.
Singapore share buybacks Tuesday: Keppel REIT, Boustead, Straits Trading, Singapore Shipping
These are Singapore companies which announced buybacks on Tuesday, 30 July 2019: Keppel REIT, Boustead Singapore, Straits Trading and Singapore Shipping.
Starhill Global REIT reported fiscal 4Q net property income slipped, missing Daiwa forecast
Starhill Global REIT reported Tuesday its fiscal fourth quarter net property income slipped 0.4 percent on-year. The results missed a forecast from Daiwa.
Frasers Logistics Trust upgraded to Add by CGS-CIMB
CGS-CIMB upgraded Frasers Logistics & Industrial Trust to Add from Hold on lower interest rates in Australia.
Analyst briefings: DBS 2Q19 earnings
These are analyst calls after DBS reported Monday its second quarter net profit jumped 20 percent on-year, beating expectations.
RHB downgrades DBS on expectations net interest margins hit their peak
RHB downgraded DBS to Neutral from Buy on expectations the bank’s net interest margin (NIM) likely hit its peak in the second quarter.
DBS downgraded by Maybank KimEng on macro headwinds
Maybank KimEng downgraded DBS to Hold from Buy, citing increased uncertainty from slower economic growth, potential rate cuts and “souring asset quality.”
CapitaLand-ParkCity joint venture sells more than 70 percent of residential development
Park Regent, a JV residential project by CapitaLand and ParkCity, sold more than 70% of its 505 units at the weekend launch, the developers said Tuesday.
UPDATE: Singapore stocks to watch Tuesday: SembMarine, Ascott REIT, SIA, DBS, A-REIT, Sheng Siong
These are Singapore companies which may be in focus on Tuesday, 30 July 2019: SIA, DBS, Ascendas REIT, Sheng Siong and Delong.
ARA US Hospitality Trust net property income beat IPO forecast for maiden report
ARA US Hospitality Trust reported Tuesday its net property income for the 9 May to 30 June period was US$9.86M, 0.4% above the IPO prospectus forecast.
Far East Hospitality Trust reports 2Q19 net property income fell 2 percent
Far East Hospitality Trust reported Tuesday its second quarter net property income fell 2.4 percent on-year to S$25.12 million as hotel demand faced pressure from economic uncertainty and a lack of major events.
CDL Hospitality Trusts reports flat 2Q19 net property income, missing Daiwa forecast
CDL Hospitality Trusts reported Tuesday second quarter net property income edged up 0.5 percent on-year to S$33.76 million, missing a forecast from Daiwa.
Ascott Residence Trust reports 2Q19 gross profit rose 7 percent
Ascott Residence Trust reported Tuesday its 2Q19 gross profit rose 7% on-year to S$67.66 million on higher revenue and changes to accounting for leases.
SembMarine reports 2Q19 net loss narrows on rig delivery, new project
Sembcorp Marine reported Tuesday a 2Q19 net loss of S$8.5 million due to accelerated depreciation, but that was narrower on-year.
Singapore share buybacks Monday: Keppel REIT, Straits Trading
These are Singapore companies which announced share buybacks on Monday, 29 July 2019: Keppel REIT and the Straits Trading Co.
Best Grace renews takeover bid for Delong
Delong Holdings said Monday Best Grace Holdings has renewed its conditional takeover bid to acquire all of the company’s shares at S$7.00 each.
Ascendas REIT reports fiscal 1Q net property income rose 12 percent on new acquisitions
Ascendas REIT reported Monday its fiscal first quarter net property income rose 11.5% on-year to S$177.5M on new acquisitions in the U.K. and Australia.
DBS: This is how much a Fed rate cut could hit earnings
The U.S. Federal Reserve may be set to cut rates ahead, but DBS CEO Gupta was sanguine on the earnings impact for the bank.
Sheng Siong reports 2Q19 net profit rose 8 percent as number of stores rose
Supermarket operator Sheng Siong reported Monday its 2Q19 net profit rose 7.6% on-year to S$18.4 million as revenue grew with the addition of 13 new stores.
Scoot to add 16 new Airbus A321neo planes to fleet
Scoot said Monday it plans to add 16 new A321neo aircraft to its fleet as it aims to meet a double-digit growth target by the end of fiscal year 2020-21.
UPDATE: Singapore stocks to watch Monday: DBS, CapitaLand, SIA Engineering, FLT, Stamford Land
These are Singapore companies which may be in focus on Monday, 29 July 2019: SIA Engineering, FLT, Stamford Land, UOL, Keppel and Fortune REIT.
Raffles Medical reports 2Q19 net profit fell 16 percent on Raffles Hospital Chongqing
Raffles Medical Group reported Monday its 2Q19 net profit fell 15.6 percent on-year to S$14.25 million on “gestation” losses for Raffles Hospital Chongqing.
CapitaLand’s Raffles City Chongqing retail segment 95 percent pre-leased
CapitaLand said Monday its megastructure Raffles City Chongqing has leased 95 percent of the retail component ahead of its opening in September.
UPDATE: DBS reports 2Q19 net profit jumped 20 percent, beating forecasts
DBS reported its second quarter net profit Monday jumped 20 percent on-year to S$1.60 billion on corporate loan growth, a higher NIM and record fee income.
iFAST reports 2Q19 net profit fell 17 percent on costs for adding services
Wealth-management platform iFAST Corp. reported Saturday its 2Q19 net profit dropped 16.5 percent on-year to S$2.45 million amid platform-development costs.
Singapore share buybacks Friday: Keppel REIT, Olam, Straits Trading, CDW
These are Singapore companies which announced share buybacks on Friday, 26 July 2019: Keppel REIT, Olam, Straits Trading and CDW.