Sheng Siong entered a deal to acquire a property at Block 118 Aljunied Avenue 2 from Jelita Property for S$29.5M, the supermarket operator said Friday.
OUE reported Thursday its 3Q19 net profit surged to S$124.1 million from S$2.1 million in the year-ago period on a one-off non-cash gain of S$90.9M.
These are Singapore companies which may be in focus on Friday, 14 November 2019: Singtel, Sembcorp Industries, F&N, Old Chang Kee, CapitaLand and Sunvic.
These are Singapore companies which announced share buybacks on Thursday, 14 November 2019: OCBC, Keppel REIT, Intraco, AEI and Cheung Woh Technologies.
Ezion said Thursday it entered a deal to divest its 49 percent stake in PT Pelita Bara Samudera to PT Karya Pilar Sukses for US$2.05 million.
Singtel reported Thursday its fiscal 2Q swung to a net loss of S$668.1M from a year-ago net profit of S$667.2M due to an exceptional item related to Airtel.
Sembcorp Industries reports 3Q19 net profit fell 13% on-year to S$71 million as the energy segment’s contributions fell and the marine unit posted losses.
Fraser and Neave reported Thursday its fiscal full year net profit increased 23.5 percent on-year to S$152.56 million on higher soft drink and dairy sales.
Iconic Singapore curry puff maker Old Chang Kee reported Thursday its fiscal 2Q net profit fell 9.4 percent on-year as revenue from retail outlets declined.
Where do you draw the line between regulation and innovation? Central banks are grappling with this issue in the face of rapidly changing technology.
Smartphones may be hailed as the game-changer in efforts to bring more people into the formal banking system, but it’s not living up to the hype.
Temasek said Thursday it priced 500M euros of 12-year bonds at 0.50 percent and 500M euros of 30-year bonds at 1.25 percent amid strong demand.
These are Singapore companies which may be in focus on Thursday, 14 Nov. 2019: Temasek, Yangzijiang, ComfortDelGro, Olam, Keppel and Eagle Hospitality Trust.
Yoma reported Thursday its fiscal 2Q swung to a net loss of US$43.33M from a year-earlier net profit of US$29.88M as property development revenue dropped.
Ayala Corp. will invest up to US$237.5M to take an up to 20% stake in each of Yoma Strategic and its affiliate, First Myanmar Investment (FMI), Yoma said Thursday.
SPH said Thursday it entered a deal to acquire a German student accommodation property from Liberty Living (Galileo Residenz) for 15.56 million euros.
These are Singapore companies which have announced share buybacks on Wednesday, 13 November 2019: Jardine Matheson, Keppel REIT, Stamford Land and AEI.
Olam International reported Wednesday its third quarter net profit fell 1.5 percent on-year to S$20.37 million, hit by changes to accounting for leases.
ComfortDelGro reported Wednesday its 3Q19 net profit fell 10.8 percent on-year to S$70 million on lower taxi revenue and unfavorable currency translations.
Eagle Hospitality Trust reported Wednesday its 3Q19 net property income came in at US$20.07 million, 2.7 percent below the forecast from its IPO prospectus.
Spackman Entertainment reported Wednesday a 3Q19 net loss of US$790,000, narrowing from a US$925,000 net loss in the year-ago period as higher revenue offset higher costs.
Yangzijiang reported Wednesday its 3Q19 net profit fell 10% on-year to 702.26 million yuan on wider losses on associated companies and joint ventures.
Accordia Golf Trust reported Wednesday its fiscal 2Q net profit surged 250.7% on-year to 1.22 billion yen on improved performance of the golf courses.
Keppel Capital entered a deal to acquire 50% of Pierfront Capital Fund Management from Pierfront Capital Mezzanine Fund for US$7.8M, Keppel said Wednesday.
Singapore’s The Arcade property will be put up for a collective sale via tender for a reserve price of S$780 million, Colliers International said Wednesday.
Temasek intends to launch an offering of 12-year and 30-year bonds denominated in euros, Singapore’s state-owned investment company said Wednesday.
Jason Thompson, CEO of Indonesian digital payment player OVO, said there’s more to financial inclusion than just bank accounts and digital payments.
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.