SGX reported Thursday its fiscal 3Q net profit fell 1 percent on-year to S$99.7 million amid higher expenses and lower equities and fixed income revenue.
Bonds and credit
These are Singapore companies which may be in focus on Wednesday, 24 April 2019: Olam, ComfortDelGro, Mapletree Commercial Trust and UIC.
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.
Global fund managers turned slightly less bearish in their economic outlook, spurring additions to their equity allocations, BofA-ML’s April survey found.
These are Singapore companies likely to be in focus on Wednesday, 16 April 2019: MLT, SPH, Hi-P, Keppel-KBS US REIT and Cache Logistics Trust.
Hyflux said Monday it filed suit in Singapore’s High Court against SM Investments, claiming its now-jilted investor repudiated the restructuring deal.
ARA Asset Management proposed on Monday issuing S$100 million of 4.15 percent notes due 2024 under its S$1.5 billion multicurrency debt issuance program.
Water infrastructure player Hyflux’s default could be the harbinger of more financial distress cases for the Singapore bond market, S&P said Monday.
Moody’s affirmed Genting Signapore’s A3 issuer rating, saying the IR operator won’t need more debt to fund its S$4.5B Resorts World Sentosa expansion.
UOB priced US$600 million of 3.75 percent subordinated notes due 2029 and callable in 2024, the bank said in an SGX filing Tuesday.
City Developments said on Friday it obtained S$500 million in green loans, marking the first time green loans in Singapore will be used for new property developments.
These are Singapore companies which may be in focus on Friday, 5 April 2019: Hyflux, Frasers Property, CapitaLand Mall Trust and Uni-Asia.