(This item was originally published on Sunday, 13 February 2022 at 14:05 SGT; it has since been updated to include DBS.)
Singapore companies in focus on Monday, 14 February 2022:
- UPDATE: DBS reports 4Q21 net profit rose 37 percent, missing Daiwa forecast
- Mapletree Commercial, MNACT respond to Quarz letter on merger deal terms
- Olam to divest remainder of ARISE IIP and ARISE IS to ATIF for US$189M
- Straits Trading to acquire two Australia office buildings for A$150M
Others: Aspen (Group) Holdings, Raffles Education, StarHub, Luminor Financial, Daiwa House Logistics Trust (DHLT) and First Sponsor.
Read more company briefs here.
DBS
DBS Group reported Monday its net profit for the fourth quarter grew 37 percent on-year to S$1.39 billion, missing a forecast from Daiwa.
Read more: UPDATE: DBS reports 4Q21 net profit rose 37 percent, missing Daiwa forecast
Mapletree Commercial Trust, Mapletree North Asia Commercial Trust and Quarz Capital Management
Both Mapletree Commercial Trust and Mapletree North Asia Commercial Trust (MNACT) responded Friday to criticism of the terms of their proposed merger by significant shareholder, Quarz Capital Management.
Read more: Mapletree Commercial, MNACT respond to Quarz letter on merger deal terms
Olam International
Olam International said Friday it entered deals to sell its remaining equity stakes in ARISE Integrated Industrial Platforms (ARISE IIP) and ARISE Infrastructure Services (ARISE IS), part of the ARISE
group, for US$189 million.
Read more: Olam to divest remainder of ARISE IIP and ARISE IS to ATIF for US$189M
The Straits Trading Co.
The Straits Trading Co. has entered into deals to acquire two Australian office properties located in Docklands, Victoria, from Digital Harbour Holdings for A$150 million, or around S$143.9 million, the company said in a filing to SGX Friday.
Read more: Straits Trading to acquire two Australia office buildings for A$150M
Luminor Financial
Luminor Financial Holdings‘ wholly owned subsidiary Starland Axis has entered a binding memorandum of understanding (MOU) to acquire around 71.55 percent of crowdfunding platform Funded Here, the company said in a filing to SGX Saturday.
Read more: Luminor Financial to acquire 72 percent of crowdfunding platform Funded Here
Daiwa House Logistics Trust
Daiwa House Logistics Trust (DHLT) reported Friday its net property income for the period from its listing date on 26 November to 31 December came in at S$5.26 million, 2.4 percent above the pro-rated forecast for the period from its initial public offering (IPO) prospectus.
Read more: Daiwa House Logistics Trust post net property income slightly above view
First Sponsor
First Sponsor reported Friday its 2021 net profit rose 17.7 percent on-year to S$121.47 million, largely on contributions from the 60 percent owned The Pinnacle project in Dongguan and a record annual average China property financing loan book.
Read more: First Sponsor posts 2021 net profit rose 18 percent on property sales, loan book
StarHub
StarHub reported Friday its 2021 net profit slipped 5.5 percent on-year to S$149.3 million amid lower government support payments and higher finance costs.
Read more: StarHub reports 2021 net profit slipped 6 percent
Raffles Education
Raffles Education reported Friday its fiscal first half net profit dropped 76 percent on-year to S$8.72 million on higher finance costs and other expenses.
Read more: Raffles Education reports fiscal 1H net profit dropped 76 percent despite revenue rise
Aspen (Group) Holdings
Aspen (Group) Holdings reported Friday its second half swung to a net loss of 59.40 million ringgit from a year-ago net profit of 85.39 million ringgit on lower property revenue and as the healthcare segment, which manufactures latex gloves, isn’t yet operating at an optimum level.
Read more: Aspen reports 2H21 swung to net loss as latex glove prices fall
