This article was originally published on Wednesday, 7 August 2019 at 1:12 A.M. SGT; it has since been updated to include CapitaLand and Perennial Real Estate.
These are Singapore companies which may be in focus on Wednesday, 7 August 2019:
Singapore Exchange and the National Stock Exchange of India have received regulatory dispensations for a joint proposal to boost the trading of Nifty products, the two exchanges said in a statement Tuesday.
CapitaLand reported Wednesday its second quarter net profit fell 4.2 percent on-year to S$579.81 million, mainly on one-off costs related to the acquisition of Ascendas-Singbridge.
StarHub reported Tuesday its second quarter net profit dropped 36.1 percent on-year to S$39.5 million amid lower contributions from mobile, pay TV and broadband.
Perennial Real Estate
Perennial Real Estate reported Wednesday its second quarter net profit dropped 74.9 percent on-year to S$2.17 million on higher finance costs.
EC World REIT
EC World REIT reported Tuesday its second quarter net property income fell 7.2 percent on-year to S$21.16 million as the Chinese yuan weakened against the Singapore dollar.
OUE Hospitality Trust
OUE Hospitality Trust reported Tuesday its second quarter net profit income declined 4.5 percent on-year to S$25.3 million amid lower contributions from the hospitality and retail segments and a higher interest expense.
Ho Bee Land
Ho Bee Land reported Tuesday its second quarter net profit dropped 80.5 percent on-year to S$14.0 million on losses from associates and a year-ago fair value gain.
Singapore chili crab purveyor JUMBO Group reported Tuesday its fiscal third quarter net profit dropped 24.8 percent on-year to S$1.66 million amid higher expenses related to opening new restaurants.
No Signboard Holdings
No Signboard Holdings reported Tuesday its fiscal third quarter swung to a net loss of S$1.44 million from a year-ago net profit of S$761,142 on weak revenue from the seafood restaurants and a drop in beer sales.
Far East Orchard
Far East Orchard reported Tuesday its second quarter net profit rose 53.7 percent on-year to S$2.39 million, partly on better performance of the hotels in Germany.
CapitaLand appointed Ko Kai Kwun Miguel as non-executive deputy chairman of the board, non-executive and non-independent director and a member of the strategy, investment and finance committee, effective Tuesday, the company said in a filing to SGX.
Ko had been executive director and group CEO of Ascendas-Singbridge since June 2015. He assumed his current role as executive director and CEO of CLA Real Estate Holdings on 1 July, the filing said.
Manulife US REIT and Procurri
Manulife US REIT said Tuesday Ho Chew Thim, an independent non-executive director and the audit and risk committee chairman, has died at age 68.
“The board and management of the manager extend their deepest condolences and sympathies to Mr. Ho’s family,” the REIT said in a statement filed to SGX.
In a separate filing to SGX, Procurri said Ho was also its lead independent director, chairman of the remuneration committee and a member of the audit and nominating committee.
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