This article was originally published on Friday, 2 August 2019 at 1:59 A.M. SGT; it has since been updated to include OCBC, UOB and Singapore Post, and to update CapitaLand Retail China Trust and HRnetGroup.
These are Singapore stocks which may be in focus on Friday, 2 August 2019:
OCBC reported Friday its second quarter net profit rose 1 percent on-year to S$1.22 billion as record earnings from the bank offset lower income contributions from insurance subsidiary Great Eastern. That topped forecasts from CGS-CIMB and Daiwa.
UOB reported Friday second quarter net profit rose 8 percent on-yer to S$1.08 billion, beating forecasts from CGS-CIMB and Daiwa, amid strong wealth management flows, higher credit card volume and higher trading income.
CapitaLand Retail China Trust
CapitaLand Retail China Trust priced its private placement of 105.04 million shares at S$1.469 each, the top of its S$1.428 to S$1.469 indicative range, amid strong demand, the trust said Friday.
Hi-P International reported Thursday its second quarter net profit rose 16.9 percent on-year to S$14.38 million as a change in product mix and better cost management boosted margins.
Yanlord Land sold 483 apartment units across two developments in Suzhou, with more than 1.89 billion yuan (S$375.39 million or US$273.53 million) in pre-sales, the Chinese property developer said in a filing to SGX Thursday.
Ascendas Hospitality Trust
Ascendas Hospitality Trust reported Thursday its fiscal first quarter net property income rose 13.6 percent on-year to S$21.3 million, mainly on contributions from five hotels acquired in the previous financial year.
Ezion Holdings warned Thursday it expected to report a “significant” net loss for the second quarter and first half due to asset impairments.
Dairy Farm International reported Thursday its first half net profit was nearly flat on-year at US$178.0 million, compared with US$177.6 million in the year-ago period amid an ongoing restructuring program.
Mandarin Oriental reported Thursday a first half net loss of US$12.1 million, swinging from a year-ago net profit US$22.2 million, impacted by the closure of The Excelsior in Hong Kong and a renovation in Bangkok.
Hongkong Land reported Thursday first half net profit fell 63 percent on-year to US$411 million, due to a US$55 million net loss mainly on the revaluation of investment properties and year-ago net gains of US$669 million on property revaluations.
Singapore Post reported Friday its fiscal first quarter net profit rose 37.2 percent on-year to S$25.68 million on a year-ago fair value loss on warrants from an associated company.
Lippo Malls Indonesia Retail Trust
Lippo Malls Indonesia Retail Trust reported Thursday its second quarter net property income rose 1.9 percent on-year to S$43.97 million on cost-management initiatives and positive rental reversions for renewed rental spaces.
Iconic Singapore bun maker BreadTalk reported Thursday its second quarter net profit dropped 57.9 percent on-year to S$1.0 million amid changes to accounting standards for leases.
Chip Eng Seng
Chip Eng Seng reported Thursday its second quarter net profit dropped 67.4 percent on-year to S$3.99 million on lower revenue from the property development and construction divisions.
Chip Eng Seng
Chip Eng Seng has entered a deal to acquire Tarneit West Childcare’s childcare center business in a suburb of Melbourne, in Victoria, Australia, for A$3.5 million, the Singapore-listed company said in a filing to SGX Thursday.
HRnetGroup acquired 11.67 million shares of Staffline Group at 180 pence each for a total consideration of 21.01 million British pounds (S$34.91 million or US$25.38 million), the company said in a filing to SGX Thursday.
That brought HRnetGroup’s stake in Staffline to 24.89 percent, the filing said.
The deal was funded via internal resources, HRnetGroup said.
In a separate filing on Friday, HRnetGroup said it had an interest in 25.02 percent of the voting rights in Staffline.
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