SG stocks Tuesday: Frasers Property, SATS, Old Chang Kee, Isetan, Yangzijiang Financial

The world's largest indoor waterfall, the HSBC Rain Vortex, at Singapore's Changi Airport. Photo by Maikel Oosterink on UnsplashThe world's largest indoor waterfall, the HSBC Rain Vortex, at Singapore's Changi Airport. Photo by Maikel Oosterink on Unsplash

Singapore companies in focus on Tuesday, 31 May 2022:

  • Frasers Property secures green financing for Australia business
  • SATS reports fiscal year swung to net profit on air-travel recovery
  • Old Chang Kee reports full year profit fell 35 percent

Others: Isetan (Singapore), Tung Lok Restaurants, 3Cnergy and Yangzijiang Financial Holding.

Frasers Property secures green financing for Australia business

  • Frasers Property has secured a corporate syndicated sustainability-linked term loan and revolving credit facility for its Australia business, the property developer said in a filing to SGX Monday.

SATS reports fiscal year swung to net profit on air-travel recovery

  • SATS reported Monday its fiscal year swung to a net profit of S$20.4 million from a year-earlier net loss of S$78.9 million on a recovery in travel.

Old Chang Kee reports full year profit fell 35 percent

  • Iconic Singapore curry puff purveyor Old Chang Kee reported Monday its profit for the fiscal year fell 35 percent on-year to S$5.68 million as some outlets posted losses.

Yangzijiang Financial revises dividend payout ratio

  • Yangzijiang Financial Holdings (YZJFH) has revised its dividend payout ratio to not less than 40 percent of its group net profit after tax, excluding non-recurring, one-off and exceptional items, the company said in a filing to SGX Monday.

Tung Lok Restaurants reports fiscal year swung to net loss

  • Tung Lok Restaurants (2000) reported Monday its fiscal year swung to a net loss of S$1.84 million from a year-earlier net profit of S$1.0 million as restaurant and catering revenue was suppressed by Covid-related restrictions and on lower grants from the government and landlords.

Executive moves: Isetan (Singapore)

  • Isetan (Singapore) said Monday that Koji Oyama, age 55, had ceased to be CEO as a new managing director was appointed.

3Cnergy controlling shareholders sell 89 percent stake to L-Energy

  • The controlling shareholders of 3Cnergy have entered a deal to sell their around 88.73 percent stake in the company to L-Energy for a total S$6.5 million in cash, the company said in a filing to SGX Monday.

SPONSORED: Watches.com entering online watch business just as consumers re-open wallets

  • As the world begins to roll back pandemic restrictions, wallets are opening up — and watches are on consumers’ shopping lists.

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