ComfortDelGro to acquire Australia bus operator B&E Blanch
ComfortDelGro said Tuesday it plans to acquire New South Wales bus operator B&E Blanch for A$28.3 million, or around S$27.32 million.
Articles by Leslie Shaffer
UPDATE: Singapore stocks to watch Tuesday: Mapletree Industrial, ComfortDelGro, Keppel REIT, CapitaLand
These are Singapore companies which may be in focus on Tuesday, 23 April 2019: Mapletree Industrial Trust, ComfortDelGro, ST Engineering and LMIRT.
Frasers Commercial Trust posts fiscal 2Q net property income dropped, missing Daiwa forecast
Frasers Commercial Trust reported Tuesday fiscal 2Q net property income dropped 10.5% on-year to S$20.09M on lower occupancy and a weaker Australian dollar.
Keppel REIT to acquire 99.38 percent stake in Seoul office tower for S$301 million
Keppel REIT entered a deal to acquire an around 99.38 percent stake in a Seoul office building for around S$301.4 million, the REIT said Tuesday.
Hyflux: TMM makes claim for payment from Magtaa project
Arab Banking Corp. provided notice that the project company for Hyflux’s Magtaa desalination project made a claim under a contract-performance guarantee, Hyflux said Tuesday.
CapitaLand divests StorHub self-storage properties for around S$185 million
CapitaLand said Tuesday it divested its StorHub self-storage business, which has a portfolio of 12 properties, for S$185M to an unrelated third party.
LMIR Trust reports 1Q19 net property income dropped nearly 8 percent
LMIR Trust reported Monday its 1Q19 net property income dropped 7.8 percent on-year to S$40.51 million amid lower rental income and the weaker rupiah.
Mapletree Industrial Trust reports fiscal 4Q net property income rose nearly 12 percent
Mapletree Industrial Trust reported Monday its fiscal 4Q net property income rose 11.7% on-year to S$75.85 million on new contributions from acquisitions.
ComfortDelGro taps Nicholas Yap as CEO of Australia Operations
ComfortDelGro tapped Nicholas Yap to take on the role of country head and CEO for its Australian operations, the transportation company said Monday.
ST Engineering obtains contracts worth around S$2 billion in 1Q19
ST Engineering’s aerospace and electronics sectors obtained new contracts valued at around S$2.1B in 1Q19, the technology and defense company said Monday.
Phillip Capital forecasts UOB to face softer NIM on funding pressure
UOB’s NIM may face pressure ahead as more expensive fixed deposits make up a greater portion of the bank’s funding mix, Phillip Capital said.
Perennial Real Estate warns of expected first quarter loss
Perennial Real Estate warned Monday it expected to report a 1Q19 net loss due to a weaker operating performance of some assets and higher financing costs.
UPDATE: Singapore stocks to watch Monday: Keppel, CCT, CapitaLand, Accordia Golf, Hyflux
These are Singapore companies which may be in focus on Monday, 22 April 2019: Keppel, CCT, CapitaLand, Accordia Golf Trust and JUMBO.
Tokyo Century to take 20 percent stake in Yoma Fleet
Japanese leasing company Tokyo Century will acquire a 20% stake in Yoma Strategic’s subsidiary Yoma Fleet for US$26.6 million, the companies said Monday.
UPDATE: SPH, Perennial Real Estate to divest Chinatown Point Mall stakes
Perennial Real Estate said Monday it entered a deal to divest its effective 50.64 percent stake in Chinatown Point Mall for S$225 million.
Sabana REIT 1Q19 net property income falls on lower occupancy and a divestment
Sabana REIT reported Saturday its first-quarter net property income fell 13.3 percent on-year to S$12.65 million on lower occupancy and a divestment.
CapitaLand raises US$391 million for first real-estate equity fund
CapitaLand raised US$391M for its first real-estate equity fund, CapitaLand Asia Partners I, to invest in office buildings in Asia, the company said Monday.
Shenton Wire wishes our readers a happy Easter
Shenton Wire wishes our readers a happy Easter.
Shenton Wire wishes our readers a happy Passover
Shenton Wire wishes our readers a happy Passover season.
Hyflux: Creditor Maybank terminates collaboration deal
Hyflux said Friday creditor Maybank terminated its collaboration agreement with the troubled Singapore water infrastructure player with immediate effect.
UPDATE: Singapore share buybacks Thursday: Stamford Land, Straits Trading, Global Palm
These are Singapore companies which announced share buybacks on Thursday 18 April 2019: Stamford Land and Straits Trading.
CapitaLand Commercial Trust 1Q19 net property income rises, but misses Daiwa forecast slightly
CapitaLand Commercial Trust reported Thursday its 1Q19 net property income rose 3.4% on-year to S$79.80M, coming in slightly under a forecast from Daiwa.
JUMBO sets franchise agreement for Seafood outlet in South Korea
Iconic Singapore chili crab restaurateur JUMBO said Thursday it entered a franchise deal for its JV to establish and operate a restaurant in South Korea.
Keppel reports 1Q19 net profit dropped 40 percent, missing CGS-CIMB forecast
Keppel reported Thursday 1Q19 net profit fell 40% on-year to S$203M on lower gains from en-bloc sales of residential projects, missing a CGS-CIMB forecast.
UPDATE: Singapore stocks to watch Thursday: SGX, BreadTalk, Keppel, Keppel REIT, Suntec REIT, Hyflux
These are Singapore companies which may be in focus on Thursday, 18 April 2019: SGX, BreadTalk, Keppel, Keppel REIT, Suntec REIT and Hyflux.