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 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 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.
- 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 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 (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.
- Isetan (Singapore) said Monday that Koji Oyama, age 55, had ceased to be CEO as a new managing director was appointed.
- 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.
- As the world begins to roll back pandemic restrictions, wallets are opening up — and watches are on consumers’ shopping lists.