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.
S&P Global Ratings revised Wednesday. the ratings outlook for Singapore Telecommunications and Singtel Optus to negative, citing deteriorating debt metrics.
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.
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.
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 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 & 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 Holdings, an iconic Singapore chili crab restaurateur, warned Wednesday it expected to report a net loss for its fiscal third quarter.
CGS-CIMB downgraded Sembcorp Marine to Reduce from Add, saying it was “throwing in the towel for now.”
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 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 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.
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 & 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 reported Tuesday its fiscal 3Q net property income fell 11% on-year on a weaker performance from the Australia portfolio.
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 Tuesday its fiscal fourth quarter net property income slipped 0.4 percent on-year. The results missed a forecast from Daiwa.
CGS-CIMB upgraded Frasers Logistics & Industrial Trust to Add from Hold on lower interest rates in Australia.
These are analyst calls after DBS reported Monday its second quarter net profit jumped 20 percent on-year, beating expectations.
RHB downgraded DBS to Neutral from Buy on expectations the bank’s net interest margin (NIM) likely hit its peak in the second quarter.
Maybank KimEng downgraded DBS to Hold from Buy, citing increased uncertainty from slower economic growth, potential rate cuts and “souring asset quality.”
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.
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 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 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 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 reported Tuesday its 2Q19 gross profit rose 7% on-year to S$67.66 million on higher revenue and changes to accounting for leases.
Sembcorp Marine reported Tuesday a 2Q19 net loss of S$8.5 million due to accelerated depreciation, but that was narrower on-year.