Fintech payment options have mushroomed — from PayLah! and PayNow in Singapore to larger global players such as Apple Pay and Google Pay. Industry players think their ranks can only keep growing.
These are Singapore companies which may be in focus on Wednesday, 13 Nov. 2019: SATS, CityDev, Yanlord Land, Sembcorp, Cromwell European REIT and BreadTalk.
SembMarine reported Wednesday its 3Q19 net loss widened to S$52.51M, mainly on additional costs for projects and continued low overall business volume.
These are Singapore companies which announced share buybacks on Tuesday, 12 November 2019: Jardine Matheson, Keppel REIT, AEI Corp., and Stamford Land.
City Developments reported Tuesday its third quarter net profit dropped 33.7% on-year to S$114.96M on costs related to delisting M&C and on lower revenue.
BreadTalk reported Tuesday its third quarter net profit tumbled 81 percent on-year to S$500,000 as the bakery division posted a loss before tax.
SATS reported Tuesday its fiscal 2Q net profit fell 7.6 percent on-year to S$60.7 million on higher expenses and changes to accounting for leases.
Cromwell European REIT reported Tuesday its 3Q19 net property income climbed 32.3 percent on-year to EUR28.45M on contributions from new office properties.
Koufu and its JV partners mutually terminated their JV to expand the Supertea and R&B Tea brands into Indonesia, the coffee shop operator said Tuesday.
Swiber said Tuesday it divested its 23 percent stake in PT Rajawali to the president director of PT Equitoria Offshore Berjaya for US$500,000.
All it took was another rate cut: Economic growth expectations surged and risk-taking took off in November, according to the Bofa-ML fund managers survey.
Large Asian banks — trying to both mitigate risks and avoid new services cannibalizing existing ones — are moving slowly on collaborating with fintechs.
OCBC Bank said Monday it entered a tie-up with Google to to allow its customers to use the Google Pay app to make account-to-account PayNow fund transfers.
These are Singapore entities which may be in focus on Tuesday, 12 Nov 2019: Mapletree Commercial Trust, NetLink NBN Trust, Sembcorp and Manulife US REIT.
Mapletree Commercial Trust’s preferential offering of 205.59 million new units at S$2.24 each met with strong demand, the trust said Monday.
These are Singapore companies which announced share buybacks on Monday, 11 November 2019: Keppel REIT, Stamford Land, AEI Corp. and Cheung Woh Technologies.
Xiaomi has the usual trimmings for a smartphone maker: A retail channel for its products and internet services for its 300M users. It’s also becoming a bank.
Singapore’s O&M services industry has taken a battering since oil tumbled off peaks over US$100 a barrel oil. But Nordic has managed to thrive.
Vividthree reported Monday a fiscal 2Q net profit of S$208,200, swinging from a year-ago loss, on increased revenue from post-production works.
Accordia Golf Trust reported Monday the number of players on its 88 courses in October dropped 9 percent on-year to 485,575.
The Monetary Authority of Singapore (MAS) announced Monday it set up a US$2 billion program to invest in public-market strategies with a strong green focus.
ST Engineering reported Monday its third quarter net profit increased 3 percent on-year to S$139.1 million on contributions from MRAS.
These are Singapore companies which may be in focus on Monday, 11 November 2019: Keppel, CapitaLand, Venture, Far East Orchard, Yoma and Nordic.
DBS reported Monday its third quarter net profit climbed 15 percent on-year to S$1.629 billion, on record fee income and higher trading gains.
Sustainability appears set to lead discussions at Singapore’s Fintech Festival this year, as attendees look for ways to cash in on going green.
Nordic Group reported Friday its third quarter net profit fell 12 percent on-year to S$2.93 million on lower revenue and lower margins.
SK Jewellery reported Friday its 3Q19 net profit dropped 57.9 percent on-year to S$459,000 after the cessation of SK Bullion’s operations in May 2019.
Venture Corp. reported Friday its third quarter net profit rose 5.5 percent on-year to S$85.20 million, missing CGS-CIMB’s forecast for S$90.4 million.
Synagie proposed Friday a rights issue of up to 39.72 million new shares at S$0.10 each on the basis of three rights shares for every 20 existing shares.
Singapore Exchange reported Friday its total securities market turnover value climbed 9 percent on-month in October to S$21.6 billion.
Far East Orchard said Friday acquired two student accommodation properties in the U.K. for 66.5 million British pounds, or around S$115.7 million.
These are Singapore companies which announce share buybacks on Friday, 8 November 2019: Keppel REIT, Stamford Land, Shopper360 and Intraco Ltd.
Keppel said it broke ground Friday on its Saigon Sports City project, a 64-hectare site to be developed into a township in Ho Chi Minh City’s district 2.
Yoma Strategic said Friday it plans to divest its remaining telecom tower investment and acquire an additional 10 percent stake in Wave Money.
Yoma Strategic warned Friday it expects to post an overall loss for the fiscal 2Q ended 30 September due to efforts to sell its investment in a China mall.
DBS said it was remaining bullish on Mapletree Commercial Trust despite a “meteoric rise” in its unit price, sticking with its contrarian Buy call.
These are Singapore companies which may be in focus on Friday, 8 November 2019: Genting Singapore, SPH REIT, SIA, Dairy Farm, Thai Beverage and LMIRT.
Moneymax said Thursday its 3Q19 net profit more than tripled to S$3.07M, mainly on increased revenue from retail and trading of luxury items, and pawnbroking.
Dairy Farm reported Thursday its 3Q19 combined sales, including associates and JVs, were up on-year, mainly on the investment in Robinsons Retail in late 2018.
These are Singapore companies which announced share buybacks on Thursday, 7 November 2019: Intraco Ltd.