Singapore companies in focus on Friday, 11 March 2022:
- Singapore Airlines, DHL expand partnership
- SGX February derivatives volume climbs on Russia’s invasion of Ukraine
- No Signboard: Q&M founder seeks to ‘revive iconic Singapore brand’ with S$1 stake buy
Others: UOB and Del Monte Pacific.
Singapore Airlines and DHL Express
DHL Express has entered a crew and maintenance agreement with Singapore Airlines (SIA) to deploy five Boeing 777 freighters, expanding the delivery service’s air network for international express shipments, the two companies said in a statement filed to SGX Thursday.
Singapore Exchange (SGX) reported Thursday its derivatives volume surged in February as increased volatility and inflation concerns as well as Russia’s invasion of Ukraine boosted risk-management activity.
UOB plans to issue EUR1.5 billion 0.387 percent covered bonds due 2025 at 100 percent of the principal amount, the bank said in a filing to SGX Thursday.
No Signboard and Q & M Dental Group (Singapore)
Del Monte Pacific
Del Monte Pacific reported Thursday its fiscal third quarter net profit fell 14 percent on-year to US$25.93 million as profitability was hit by higher commodity and transportation costs.
Golden Agri, JUMBO, Asiatravel.com and EcoWise
Singapore company briefs: Golden Agri-Resources, JUMBO Group, Asiatravel.com and EcoWise Holdings.
CapitaLand Integrated Commercial Trust and KTL Global
Singapore company briefs: CapitaLand Integrated Commercial Trust and KTL Global.