UPDATE: Singapore stocks to watch Thursday: Frasers Property, Keppel DC REIT, SGX, SembMarine, POSH
These are Singapore companies which may be in focus on Thursday, 10 October 2019: Frasers Property, Keppel DC REIT, SGX, SembMarine and POSH.
Stocks
Duty Free International posts fiscal 2Q net profit dropped 61 percent
Duty Free International reported Wednesday its fiscal 2Q net profit fell 60.8% on-year on lease accounting changes, lower profit margin and lower FX gains.
Frasers Property JV sells remaining retail assets in Sydney’s Central Park development
JV partners Frasers Property Australia and Sekisui House Australia sold the final three retail assets in Sydney’s Central Park for A$174.5M, the companies said Thursday.
Keppel DC REIT preferential offering met with solid demand
Keppel DC REIT said late Wednesday its preferential offering of 141.99M new units at S$1.71 each met with solid demand, coming in at 175.4% subscribed.
Singapore share buybacks Wednesday: Global Investments, CDW Holding, GRP, Anchun International
These are Singapore companies which announced share buybacks on Wednesday, 9 October 2019: Anchun International, GRP, CDW Holding and Global Investments.
Singapore share buybacks Tuesday: Stamford Land, Eurosports, GRP, CDW, Global Investments
These are Singapore companies which announced share buybacks on Tuesday, 8 October 2019: Stamford Land, Eurosports, GRP, CDW Holding and Global Investments.
Singapore stocks to watch Wednesday: ComfortDelGro, SBS Transit, F&N, Hi-P, Sembcorp
These are Singapore companies which may be in focus on Wednesday, 9 October 2019: Comfort DelGro, SBS Transit, Hi-P, Fraser & Neave and Sembcorp.
Zero-waste retailer Hive sells sustainability to Malaysia’s cost-conscious consumers
Claire Sancelot, founder of zero-waste grocer The HIVE, may have been tilting at electricity-generating windmills when she launched her start-up in Kuala Lumpur. But after a…
Lunch Actually: Can matchmaking become rocket science?
Online dating may already be automated and algorithmic, but for more-traditional matchmakers still using in-real-life meetings, tech adoption can be slow.
Sembcorp, Energy Market Authority look to develop virtual power plant
Sembcorp Industries and the Energy Market Authority said Tuesday they have provided a grant to NTU to develop Singapore’s first virtual power plant (VPP).
Hi-P enters deal to acquire Singapore manufacturer SEAMCO
Hi-P International said Tuesday it entered a deal to acquire Singapore-based plastics manufacturer SEAMCO for US$31 million.
Singapore stocks to watch Tuesday: SembMarine, Lendlease Global REIT, Oxley, Chip Eng Seng
These are Singapore companies which may be in focus on Tuesday, 8 October 2019: SembMarine, Lendlease Global Commercial REIT, Oxley and Chip Eng Seng.
Singapore share buybacks Monday: Stamford Land, Anchun, Starburst, GRP, Global Investments
These are Singapore companies which announced share buybacks on Monday, 7 October 2019: Stamford Land, Singapore Medical, Starburst, Anchun and GRP.
Parkson Retail Asia gets support from holding company amid going concern issue
Parkson Retail Asia said Monday Parkson Holdings pledged continued financial support amid auditor concerns over whether it can remain a going concern.
Sembcorp Marine enters settlement deal with Sete Brasil over 7 drillship contracts
Sembcorp Marine said Monday it has reached a settlement with Sete Brasil over contracts for seven drillships with a total contract price of US$5.6 billion.
Oxley acquires stake in Pindan Group it didn’t already own
Oxley said Monday it acquired the 60 percent of Pindan Group it didn’t already own to settle its claim over a failure to meet agreed performance targets.
Chip Eng Seng enters deal to acquire stake in education tech company Amdon Consulting
Chip Eng Seng said Monday it entered a deal to acquire an around 38 percent stake in educational technology company Amdon Consulting for S$5.4 million.
UPDATE: How WeWork’s turmoil could hit Singapore property
WeWork’s turmoil has highlighted how the coworking segment has driven office demand in Singapore, potentially signalling tougher times ahead, DBS said.
UPDATE: Singapore stocks to watch Monday: Keppel, Lendlease Global REIT, OCBC, Kingsmen, MeGroup
These are Singapore companies which may be in focus on Monday, 7 October 2019: Keppel, Lendlease Global Commercial REIT, OCBC and Kingmen Creatives.
KGI starts ARA US Hospitality Trust at Outperform
KGI started ARA US Hospitality Trust at Outperform, pointing to select-service hotels’ relatively strong growth rate and higher margins.
Keppel enters settlement deal with Sete Brasil over six rigs
Keppel entered a settlement deal with six Sete Brasil subsidiaries over six semisubmersible drilling rigs being built for them, Keppel said Monday.
Singapore share buybacks Friday: Healthway Medical, CDW, Eurosports, GRP, Global Investments
These are Singapore companies which announced share buybacks on Friday, 4 October 2019: Healthway Medical, CDW, Eurosports, GRP and Singapore Shipping.
MeGroup enters deal to acquire additional 25 percent of Honda dealership operator
MeGroup plans to acquire another 25 percent of Honda dealership operator MJN Motors for up to MYR3.75M, the Malaysian car dealership operator said Friday.
Singapore stocks to watch Friday: Ascendas REIT, Manulife US REIT, Raffles Infrastructure, Addvalue
These are Singapore companies which may be in focus on Friday, 4 October 2019: Ascendas REIT, Manulife US REIT, Raffles Infrastructure and Addvalue.
Singapore share buybacks Thursday: Jardine Matheson, HRnetGroup, Eurosports, CDW, Singapore Shipping
These are Singapore companies which announced share buybacks on Thursday, 3 October 2019: Jardine Mathesion, Eurosports Global, CDW Holding and HRnetGroup.
DBS: Where to boldly go for income in a zero- and negative-yield world
DBS Bank Chief Investment Officer Hou Wey Fook said Thursday he’s making a “bold call” on where to look for income: European oil majors.
UPDATE: Singapore stocks to watch Thursday: Lendlease Global REIT, Citic Envirotech, Sunvic, Spackman, Rex
These are Singapore companies which may be in focus on Thursday, 3 October 2019: Lendlease Global Commercial REIT, Sunvic, Citic Envirotech and Spackman.
Singapore share buybacks Wednesday: Yangzijiang, Stamford Land, HRnetGroup, Eurosports
These are Singapore companies which announced share buybacks on Wednesday, 2 October 2019: Yangzijiang, Stamford land, HRnetGroup and Singapore Shipping.
Lendlease Global Commercial REIT units climb in trading debut
Lendlease Global Commercial REIT posted a strong trading debut, ending Wednesday up 4.54 percent at S$0.92, compared with the IPO price of S$0.88.
Spackman Media’s MS Team signs exclusive contract with Korean actor Ko Sung-hee
Talent agency MS Team, Spackman Media’s wholly owned subsidiary, has signed an exclusive contract with Ko Sung-hee, Spackman Entertainment said Wednesday.
Sunvic Chemical subsidiary receives demands to repay 166 million yuan in loans
Sunvic Chemical said Wednesday its wholly owned subsidiary Jiangsu Jurong Chemical has received letters of demand for outstanding loans totaling CNY166.1M.
UPDATE: Singapore stocks to watch Wednesday: Lendlease Global REIT, CapitaLand, Frasers Property, Ezion
These are Singapore companies which may be in focus on Wednesday, 2 October 2019: Lendlease Global Commercial REIT, CapitaLand, Ascendas India Trust and Ezion.
Chip Eng Seng to acquire Sembcorp Industries’ Sembcorp Design for S$50 million
Chip Eng Seng has entered a deal to acquire Sembcorp Design and Construction from Sembcorp Industries for S$49.9 million, the two companies said Wednesday.
Singapore share buybacks Tuesday: Keppel REIT, Stamford Land, Food Empire, Eurosports
These are Singapore companies which announced share buybacks on Tuesday, 1 October 2019: Keppel REIT, Stamford Land, Food Empire and Eurosports.
Lendlease Global Commercial REIT offering meets strong demand, raises more than S$1B
Lendlease Global Commercial REIT said Tuesday its IPO met with strong investor demand, with units set to begin trading on Wednesday at 2:00 P.M. SGT.
Ezion: Proposed Yinson takeover bid lapses after conditions aren’t met
Ezion said Tuesday Yinson’s offer to subscribe to its shares and convert its debt into equity has lapsed, with conditions unmet after six months.
Frasers Centrepoint Trust, Frasers Property stakes in Tiong Bahru Plaza owner rise
Frasers Centrepoint Trust and Frasers Property said Tuesday their stakes in PGIM Real Estate AsiaRetail Fund have risen to a cumulative around 87.9 percent.
CapitaLand plans to more than double India assets under management to S$7B by 2024
CapitaLand plans to increase its assets under management in India to S$7B by 2024, more than double the current level, the property developer said Tuesday.
UPDATE: Thakral JV acquires Queensland property to develop senior-living community
Thakral’s joint venture, GemLife, has acquired 4.4 hectares of land in Australia, to develop an over-50s lifestyle resort, the property company said Monday.
iflix shifts to using Google Open Bidding service for advertising
Southeast Asian streaming service iflix said Tuesday it switched to Google’s Open Bidding service for advertising in Malaysia, Indonesia and the Philippines.