Singapore stocks to watch Monday: M1, Hyflux, DeClout, Procurri, JUMBO, Spackman
These are Singapore companies which may be in focus on Monday, 18 February 2019: M1, Hyflux, DeClout, Procurri, JUMBO and Spackman.
Articles by Leslie Shaffer
Hyflux CEO Lum to contribute her shares to perpetual security and preference share holders
Hyflux CEO Lum said Saturday that if the restructuring plan is approved, she would contribute all her shares to other holders of preference shares and perpetual securities.
JUMBO enters joint venture to open JUMBO Seafood outlets in South Korea
Iconic Singapore chili crab restaurateur JUMBO Group entered a joint venture to introduce JUMBO Seafood outlets in South Korea, it said Friday.
Singapore share buybacks Friday: Singtel, SingHaiyi, Stamford Land
These are Singapore companies which announced share buybacks on Friday, 15 February 2019: Singtel, SingHaiyi and Stamford Land.
Takeover offer for M1 turns unconditional as Axiata tenders stake
Konnectivity’s bid for M1 has become unconditional after one of the Singapore telco’s major shareholders, Malaysia-based Axiata, tendered its shares.
Singapore banks downgraded in Daiwa’s Singapore strategy
Daiwa downgraded Singapore banks to Neutral and deleted DBS from its portfolio as the investment bank positioned away from rate-sensitive plays.
SATS upgraded to Add by CGS-CIMB after earnings beat expectations
CGS-CIMB upgraded SATS to Add from Hold after its fiscal 3Q results came in above its forecasts and overall operations performed better than expected.
UPDATE: Singapore stocks to watch Friday: Singapore Airlines, ThaiBev, StarHub, Creative, Old Chang Kee
This article was originally published on Thursday, 14 February 2019, at 23:09 SGT; it has since been updated to add Cromwell European REIT. These are…
Cromwell European REIT acquires French logistics property
Cromwell European REIT said on Friday it acquired a logistics property in Gennevilliers, France, from Challenger DPG France II SAS for 6.9 million euros.
Singapore 4Q18 economic growth slowdown expected to continue into 2019
Singapore’s 4Q18 economic growth slowed to 1.9% on-year as the construction and wholesale & trade sectors contracted, MTI said Friday.
DBS wealth management income likely weighed by market volatility in 4Q18
DBS was expected to report decent fourth quarter earnings growth even as wealth management fees were expected to have been hurt by market volatility.
Kimly earnings outlook cut by RHB as higher costs hit profitability
RHB lowered its earnings forecast for Kimly, as higher costs ate into profitability, and pointed to an overhang on the stock amid ongoing investigations.
Old Chang Kee reports fiscal 3Q profit rose 25 percent amid higher retail revenue
Iconic Singapore curry puff maker Old Chang Kee reported Thursday fiscal 3Q profit after tax increased 24.6% on-year on higher revenue from retail outlets.
Creative Technology reports fiscal 2Q net loss widened, guides for 3Q operating loss
Creative Technology reported its fiscal 2Q net loss widened to US$4.92 million, from a US$4.23 million loss in the year-ago quarter as sales dropped.
Singapore share buybacks Thursday: Singapore Post, Stamford Land
These are Singapore companies which announced share buybacks on Thursday, 14 February 2019: Singapore Post and Stamford Land.
UPDATE: StarHub reports 4Q18 net profit dropped 62 percent as mobile and pay TV revenue decline
Telco StarHub reported Thursday 4Q18 net profit dropped 61.8% on-year amid lower mobile and pay TV revenue. The results beat a forecast from Daiwa.
UPDATE: Singapore Airlines fiscal 3Q net profit falls 27 percent as higher fuel costs offset revenue rise
Singapore Airlines reported Thursday its fiscal 3Q net profit fell 27% on-year to S$284.1M as a sharp increase in fuel costs offset a rise in revenue.
UPDATE: Thai Beverage fiscal 1Q net profit rises 36 percent as spirits and food revenue increased
Thai Beverage reported Thursday fiscal 1Q net profit rose 35.5 percent on-year as revenue from the spirits, F&N/FPL and food businesses all increased.
Soilbuild REIT: NK Ingredients in default of lease agreement, seeking moratorium on creditors
Soilbuild REIT said Thursday a third party has filed an application for tenant NK Ingredients to be placed under judicial management.
Singapore budget 2019: Hopes for increased spending are too high, BofA-ML says
Hopes for a spending spree in the upcoming Singapore budget are too high, although an expansionary budget is likely, BofA-ML said in a late January note.
ComfortDelGro upgraded to Buy by RHB as new acquisitions boost earnings
RHB upgraded ComfortDelGro to Buy after its taxi business showed surprise resilience and as the public transportation business’ contribution grew.
ST Engineering sets joint venture with DSO for satellite analytic services
ST Engineering said Thursday its electronics arm will set up a JV with DSO to offer analyticsand information products based on satellite imagery.
Why EC World REIT shows the trade war may not hit all of China’s trade-dependent plays
EC World REIT’s unit price has dropped around 10 percent since its 2016 initial public offering, taking a hit alongside a host of China-focused investments as concerns over the U.S. trade war hurt sentiment.
Hutchison Port Holdings Trust outlook slashed by DBS after earnings impairment
DBS sharply cut its outlook for Hutchison Port Holdings Trust’s payouts after the port operator’s earnings missed forecasts due to a large impairment.
UPDATE: Singtel fiscal 3Q net profit fell 14.2 percent amid ‘intense’ India competition, missing forecast
Singtel reported Thursday its fiscal 3Q net profit fell 14.2% on-year to S$823 million amid headwinds in India. The results missed a forecast from DBS.
