Soilbuild Construction reported Thursday it swung to a 3Q19 net loss of S$4.42M, partly due to additional construction costs for some completed projects.
China Sunsine Chemical warned Thursday it expected to report a “material decrease” in its third quarter net profit, compared with the year-ago period.
Yangzijiang said Thursday it entered new order contracts from Navigation Maritime Bulgare to build six 31,800DWT Great Lakes bulk carriers.
Hi-P completed the acquisition of plastic component maker SEAMCO, the contract manufacturer said in a filing to SGX Thursday.
Parkson Retail Asia reported Thursday its fiscal 1Q net loss narrowed to S$9.73 million as a lower store count lowered expenses.
Ascott Residence Trust said Thursday it has divested its stake in the Somerset West Lake Hanoi serviced residence property in Vietnam.
Keppel Land said Thursday it invested US$25M in India-based Smartworks Coworking Space, a flexible office-space provider with a presence in nine cities.
Global Palm Resources warned Thursday it expected to report a net loss after income tax for the third quarter.
These are Singapore companies which may be in focus on Thursday, 31 October 2019: SIA, Hi-P, Keppel REIT, SingPost, Creative Tech, Yanlord and Sheng Siong.
Fintech player iFAST reported Thursday its 3Q19 net profit fell 5.5% on-year to S$2.46M amid continued investments in improving its platform capabilities.
Indofood Agri reported Thursday it swung to a 3Q19 net loss of 126 billion rupiah from a year-ago net profit as crude palm oil and palm kernal prices fell.
Parkway Life REIT reported Thursday its 3Q19 net property income rose 3.9% on-year to S$27.55 million, mainly on higher rent from the Singapore properties.
These are Singapore companies which announced share buybacks on Wednesday, 30 October 2019: Jardine Matheson, Keppel REIT and Intraco.
Sheng Siong reported Wednesday its 3Q19 net profit rose 16.4% on-year to S$20.6 million on the addition of new stores and an improved gross profit margin.
Singapore Airlines and Malaysia Airlines Bhd. (MAB) signed on Wednesday a wide-ranging deal to significantly expand regional and long-haul codeshare routes.
Hi-P International reported Wednesday its third quarter net profit fell 2.7 percent on-year to S$32.87 million as the gross profit margin declined.
Creative Technology reported Wednesday its fiscal first quarter net loss narrowed to US$5.67 million as higher sales were offset by a larger forex loss.
Yanlord Land’s Hangzhou project has fully sold its initial batch of 120 apartment units, launched 26 October, the Chinese property developer said Wednesday.
SingPost said Wednesday it will introduce two new postal service categories — basic package and tracked package — to meet e-commerce shipment demand.
Goldman Sachs upgraded DBS to Buy from Neutral, citing its attractive yield and reasonable valuation.
Frasers Hospitality Trust reported Wednesday its fiscal 4Q net property income rose 2.3% on-year to S$30M despite the impact of weaker overseas currencies.
CDL Hospitality Trusts reported Wednesday its 3Q19 net property income fell 1.5 percent on-year to S$35.67 million. The results missed a Daiwa forecast.
Ascott Residence Trust said Wednesday its 3Q19 gross profit rose 1% on-year to S$65M on changes to accounting for leases, partly offset by lower revenue.
These are Singapore companies which may be in focus on Wednesday, 30 October 2019: SATS, Sembcorp, Ascendas Hospitality, Starhill Global REIT and Ezion.
Far East Hospitality Trust said Wednesday its 3Q19 net property income rose 1.3% on-year to S$28.06M on stronger traffic in the peak leisure travel season.
Norway’s competition authorities rejected the application for Floatel, an associated company of Keppel O&M, to merge with Prosafe, Keppel said Wednesday.
These are Singapore companies which announced share buybacks on Tuesday, 29 October 2019: Jardine Matheson, Intraco Ltd., and Cheung Woh Technologies.
Chip Eng Seng reported Tuesday its 3Q19 net profit tumbled 74.3 percent on-year to S$4.68 million on a lower contribution from property development.
Maxi-Cash entered a deal to acquire four properties from property investor 8G Investment for S$23.7 million in cash, the pawnshop operator said Tuesday.
Starhill Global REIT reported Tuesday its fiscal 1Q anet property income dropped 8.7 percent on-year to S$36.9 million. The results missed a Daiwa forecast.
CSE Global said Tuesday it landed two new oil and gas contracts valued at US$74.7 million, or around S$103.7 million.
Ascendas Hospitality Trust reported Tuesday its fiscal 2Q net property income rose 3.5% on-year to S$21.2M on the acquisitions of hotels in Japan and Seoul.
Ezion said Tuesday it agreed to sell three rigs to TK and HR Services for the nominal sum of US$3.00, and the transfer of US$659,000 in liabilities.
SATS has entered a deal with Sembcorp to reduce its environmental footprint, in part via installiing rooftop solar panels, the two companies said Tuesday.
These are Singapore companies which may be in focus on Tuesday, 29 October 2019: Temasek, Stamford Land, Cache Logistics Trust, Wilmar, Creative and HPHT.
Even if Eagle Hospitality Trust loses the income from its Queen Mary property, the unit price will likely still have upside, UOB KayHian said Friday.
Genting Singapore’s stock should trend up as Japan’s bidding process for gaming concessions heads toward a conclusion next year, UOB KayHian said Friday.
Basslink said Monday it has no choice but to comply with Hydro Tasmania’s instruction that some of its interconnector’s electricity-transmission capacity only be used if pricing hits maximum levels.
Eagle Hospitality Trust confirmed Monday that neither the REIT nor its sponsor, Urban Commons, were in default of the terms of the lease for the Queen Mary.
Shenton Wire wishes its readers a happy Diwali. Singapore’s markets will be closed on Monday, 28 October 2019.