DBS advised Indofood Agri shareholders to accept Indofood Sukses Makmur’s takeover offer, despite it being at the low end of plantation-acquisition multiples.
These are Singapore companies likely to be in focus on Monday, 15 April 2019: UIC, OUE, Yangzijiang, Keppel, Ezion and Yongnam.
Keppel Gas said Monday it completed its first LNG cargo import under Singapore’s spot import policy, diversifying its suppliers to outside Southeast Asia.
ST Engineering said Sunday it expected its acquisition of MRA Systems to be completed in the coming week after receiving U.S. officials’ clearance.
A consortium led by Heeton Holdings said on Sunday it has acquired the Crowne Plaza London Kensington hotel for around S$149.23 million.
These are Singapore companies which announced share buybacks on Friday, 12 April 2019: Stamford Land and Straits Trading.
Singapore’s court approved on Friday Keppel Corp.’s proposed acquisition of the Keppel T&T shares it doesn’t already own, Keppel T&T said Friday.
UIC said late Friday it agreed to acquire a 24.27 percent stake in Marina Centre Holdings from three sellers, including OUE, for a total S$485.33 million.
SLB Development reported Friday it swung to a net loss of S$3.24 million for its fiscal 3Q from a net profit of S$2.13 million in the year-ago period.
Lian Beng reported Friday its fiscal 3Q net profit dropped 55.3 percent on-year to S$3.63 million on higher construction costs and accounting changes.
Ezion said Friday Malaysian offshore services provider Yinson was still in talks with the Singapore company’s lenders over debt assignment agreements.
Keppel said Friday that its wholly owned subsidiary Keppel Singmarine’s contracts with Stolt-Nielsen Gas to build two small-scale LNG carriers have lapsed.
Yangzijiang said Friday Executive Chairman Ren Yuanlin has contributed 150 million of his shares to a new irrevocable trust to reward senior management.
UOB’s lagging net interest margins (NIMs) are set for an inflection point in the first quarter amid loan growth overseas and re-priced mortgages within Singapore,…
Genting Singapore will likely have volatile earnings over the next 10 years due to tax and entry levy increases and its planned capex, Nomura said Friday.
These are Singapore companies which may be in focus on Friday, 12 April 2019: Ezion, Accordia Golf Trust, JUMBO Group and ValueMax.
Singapore Myanmar Investco said Friday it entered a deal to sell all of its telecom towers and tower leases in Myanmar to Irawaddy Green Towers at a loss.
Daiwa lowered its earnings forecasts for BreadTalk on the bread-maker’s plan to acquire a 20 percent stake in NPPG (Thailand).
These are Singapore companies which announced share buybacks on Thursday, 11 April 2019: OCBC, Global Palm Resources, Straits Trading and Stamford Land.
Iconic Singapore chili crab restaurateur JUMBO said Thursday it opened a new JUMBO Seafood outlet at the Jewel Changi Airport mega-mall.
Ezion said Thursday it believed it could continue as a going concern after its independent auditor, KPMG, included a statement of material uncertainty.
These are Singapore companies which may be in focus on Thursday, 11 April 2019: Genting Singapore, Thai Beverage, Keppel and Mapletree Logistics Trust.
Indofood Sukses Makmur said Wednesday it offered to acquire the rest of Singapore-listed Indofood Agri it doesn’t already own for S$0.28 a share.
Fitch Ratings on Wednesday revised Thai Beverage’s ratings outlook to negative from stable, amid continued weak domestic demand.
These are Singapore companies which announced share buybacks on Wednesday, 10 April 2019: OCBC and Global Palm Resources.