Keppel obtains around S$160 million in integration and upgrading contracts
Keppel said Wednesday it obtained contracts with a combined value of S$160 million from repeat customers for upgrading and integration works.
Stocks
UPDATE: Singapore PUB to takeover Hyflux’s Tuaspring plant in 30 days
Singapore’s water regulator PUB said Wednesday it issued a notice to Hyflux’s Tuaspring Desalination Plant that it would take over the plant.
UPDATE: Sunpower says America 2030 Capital defamation complaint has no merit
HThis article was originally published on Wednesday, 17 April 2019 at 13:15 SGT; it has since been updated to include comment from America 2030 Capital….
Qian Hu posts 1Q19 net profit rise despite dragon fish price war
Iconic ornamental fish breeder Qian Hu reported Wednesday its 1Q19 net profit rose 5.7% on-year despite a continued price war in the dragon fish segment.
Keppel REIT 1Q19 net property income nearly flat amid weaker Australian dollar
Keppel REIT reported Wednesday 1Q19 net property income edged up 0.3% on-year to S$31.31 million, amid lower contributions from Ocean Financial Centre.
BofA-ML April survey: Fund managers add equity allocations as economic view turns less bearish
Global fund managers turned slightly less bearish in their economic outlook, spurring additions to their equity allocations, BofA-ML’s April survey found.
Suntec REIT says 9 Penang Road office pre-leased to UBS
UBS has fully pre-leased the office component of the 9 Penang Road project, Suntec REIT and its JV partners, Haiyi Holdings and SingHaiyi, said Wednesday.
UPDATE: Singapore stocks to watch Wednesday: MLT, SPH, Hi-P, Keppel-KBS US REIT, Cache Logistics
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.
Keppel gets notice to proceed with US$947 million contract from Gimi MS
Keppel said Wednesday it received final notice to proceed with full conversion works for the Gimi FLNG project from Gimi MS, in a contract worth US$947M.
MLT, Cache Logistics, AIMS APAC REIT all say CWT has not defaulted on rental payments
Mapletree Logistics Trust, Cache Logistics Trust and AIMS APAC REIT all issued separate statements Tuesday that tenant CWT Pte. has not defaulted on rent.
SPH acquires UK student accommodation assets for around S$237 million
SPH said Tuesday it acquired a portfolio of student accommodation assets in the U.K. for around 133.7 million British pounds, or around S$237 million.
MeGroup obtains first Hyundai dealership
MeGroup said Tuesday it obtained rights to operate a Hyundai 3S automobile dealership in Klang, Selangor, from Hyundai-Sime Darby Motors.
Singapore share buybacks Tuesday: OCBC, Straits Trading, Global Palm Resources
These are Singapore companies which announced share buybacks on Tuesday, 16 April 2019: OCBC, Straits Trading and Global Palm Resources.
Keppel-KBS US REIT’s 1Q19 net property income rose 24 percent on acquisitions
Keppel-KBS US REIT reported Tuesday that its first quarter net property income rose 23.7 percent on-year to US$18.19 million after the REIT’s acquisitions.
Hi-P’s 1Q19 revenue and profit to come in ‘similar’ to 1Q18
Hi-P Tuesday issued profit guidance for the first quarter of 2019 revenue and profit to come in similar to levels in the first quarter of 2018.
UPDATE: Singapore stocks to watch Tuesday: Singapore Airlines, Keppel DC REIT, Keppel Infrastructure Trust
These are Singapore stocks which may be in focus on Tuesday, 16 April 2019: Singapore Airlines, Keppel DC REIT and Keppel infrastructure Trust.
Y Ventures says it can continue as a going concern
Y Ventures said Tuesday it believes it can continue as a going concern, citing access to credit lines and financial assistance from major shareholders.
Keppel Infrastructure consortium lands Jurong Island pipeline project
A consortium led by Keppel Infrastructure Holdings’ subsidiary Pipenet has obtained a S$52.5 million contract on Jurong Island, Keppel said on Tuesday.
Singapore share buybacks Monday: OCBC, Global Palm, Stamford Land, Straits Trading
These are Singapore companies which announced share buybacks on Monday, 15 April 2019: OCBC, Global Palm Resources, Stamford Land and Straits Trading.
Singapore Airlines group passenger carriage rose in March
Singapore Airlines said Monday group passenger carriage increased 6.2 percent on-year in March, lower than the 8.1 percent growth in capacity.
Hyflux files suit against now jilted investor SM Investment
Hyflux said Monday it filed suit in Singapore’s High Court against SM Investments, claiming its now-jilted investor repudiated the restructuring deal.
Keppel Infrastructure Trust swings to 1Q19 loss amid Ixom acquisition costs
Keppel Infrastructure Trust reported Monday it swung to a 1Q19 loss attributable to unitholders of S$16.21M, from a year-earlier profit of S$7.50M.
TEE International plans to spin off infrastructure business in Catalist listing
TEE International said Monday it plans to spin off its infrastructure business into a listing on SGX’s Catalist board for smaller enterprises.
Accordia Golf Trust to divest one golf course for 200 million yen
Accordia Golf Trust said on Monday it planned to sell the Village Higashi Karuizawa Golf Club for 200 million yen, or around S$2.42 million.
Keppel DC REIT reports 1Q19 net property income up nearly 27 percent on acquisitions
Keppel DC REIT reported on Monday its first-quarter net property income rose 26.8 percent on-year to S$43.23 million on new acquisitions.