Singapore companies in focus on Tuesday, 17 May 2022:
- UOB enters tie-up with Korea Housing Finance
- ComfortDelGro reports 1Q22 net profit rose 30 percent on higher activity and one-off gain
- Thai Beverage reports fiscal 2Q22 net profit rose 23 percent
- ST Engineering reports 1Q22 revenue recovered to pre-Covid levels
Others: Parkson Retail Asia, Second Chance Properties, Yoma Strategic, KTL Global, Sakae Holdings and Singapore Post (SingPost).
Note: Singapore’s markets were closed Monday for a public holiday.
- UOB has signed a memorandum of understanding (MOU) with Korea Housing Finance Corp. (KHFC) to cooperate on investment banking, environmental, social and governance (ESG) financing and treasury services, the Singapore bank said last week.
- ST Engineering reported Friday its first quarter revenue came in at S$2 billion, up 13 percent on-year from the first quarter of 2021, and on par with the first quarter of 2020, before the Covid pandemic’s impact.
- Thai Beverage (ThaiBev) reported Friday its fiscal second quarter net profit rose 23.2 percent on-year to THB6.54 billion on higher sales, led by improvement in the beer business.
- ComfortDelGro reported Friday its first quarter net profit rose 30.4 percent on-year to S$76.7 million as economic activity levels improved in both Singapore and the U.K. as Covid-related restrictions were relaxed.
- Singapore Post (SingPost) reported Friday its fiscal second half net profit jumped 188 percent on-year to S$48.06 million on contributions from the FMH acquisition.
- Second Chance Properties has granted an option to Sen Wan Timber (S) to acquire its tenanted retail unit at Block 190 Lorong 6 Toa Payoh for S$15.29 million in cash, the company said in a filing to SGX Friday.
- Sakae Holdings reported Sunday its fiscal third quarter swung to a net loss of S$317,000 from a year-ago net profit of S$219,000, due to the impact of the Covid pandemic and store closures.
- Parkson Retail Asia swung to a first quarter net profit of S$4.23 million from a year-earlier net loss of S$50.73 million as all stores were operational during the quarter.
- Yoma Strategic reported Friday its net loss for the fiscal first half narrowed to US$18 million from US$21.6 million in the year-ago period as costs declined.
- KTL Global has terminated its planned placement of 30 million new shares to seven investors, which would have raised nearly S$3 million, the company said in a filing to SGX Friday.