DBS advises accepting offer for Indofood Agri shares despite low valuation
DBS advised Indofood Agri shareholders to accept Indofood Sukses Makmur’s takeover offer, despite it being at the low end of plantation-acquisition multiples.
Stocks
UPDATE: Singapore stocks to watch Monday: UIC, OUE, Yangzijiang, Keppel, Ezion, ST Engineering, Heeton
These are Singapore companies likely to be in focus on Monday, 15 April 2019: UIC, OUE, Yangzijiang, Keppel, Ezion and Yongnam.
Keppel completes first LNG cargo import under Singapore spot import policy
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 set to complete MRA Systems buy after getting US approvals
ST Engineering said Sunday it expected its acquisition of MRA Systems to be completed in the coming week after receiving U.S. officials’ clearance.
Heeton-led consortium acquires Crowne Plaza London – Kensington
A consortium led by Heeton Holdings said on Sunday it has acquired the Crowne Plaza London Kensington hotel for around S$149.23 million.
Singapore share buybacks Friday: Straits Trading, Stamford Land
These are Singapore companies which announced share buybacks on Friday, 12 April 2019: Stamford Land and Straits Trading.
Acquisition of Keppel T&T receives court approval
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 to acquire Marina Centre Holdings stake for around S$485 million
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 swings to fiscal 3Q loss as T-Space project nears completion
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 reports fiscal 3Q net profit dropped 55 percent on higher construction costs
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: Yinson still in talks with lenders on debt agreements
Ezion said Friday Malaysian offshore services provider Yinson was still in talks with the Singapore company’s lenders over debt assignment agreements.
Keppel says Stolt-Nielsen LNG carrier contracts have lapsed
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 Chairman Ren Yuanlin contributes 150 million shares to management incentive plan
Yangzijiang said Friday Executive Chairman Ren Yuanlin has contributed 150 million of his shares to a new irrevocable trust to reward senior management.
Maybank KE: UOB earnings growth driven by overseas loan book
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,…
Nomura cuts Genting Singapore earnings forecasts amid tax increase, capex plans
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.
UPDATE: Singapore stocks to watch Friday: Ezion, Accordia Golf Trust, JUMBO, Aspial, Koufu
These are Singapore companies which may be in focus on Friday, 12 April 2019: Ezion, Accordia Golf Trust, JUMBO Group and ValueMax.
Singapore Myanmar to sell telecom towers and leases to Irrawaddy Green Towers at a loss
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 cuts BreadTalk forecasts on plan to acquire NPPG (Thailand) stake
Daiwa lowered its earnings forecasts for BreadTalk on the bread-maker’s plan to acquire a 20 percent stake in NPPG (Thailand).
Singapore share buybacks Thursday: OCBC, Global Palm, Straits Trading, Stamford Land
These are Singapore companies which announced share buybacks on Thursday, 11 April 2019: OCBC, Global Palm Resources, Straits Trading and Stamford Land.
JUMBO opens new Seafood outlet at Jewel Changi
Iconic Singapore chili crab restaurateur JUMBO said Thursday it opened a new JUMBO Seafood outlet at the Jewel Changi Airport mega-mall.
Ezion says it can continue as a going concern
Ezion said Thursday it believed it could continue as a going concern after its independent auditor, KPMG, included a statement of material uncertainty.
UPDATE: Singapore stocks to watch Thursday: Genting Singapore, ThaiBev, Keppel, MLT, Indofood Agri
These are Singapore companies which may be in focus on Thursday, 11 April 2019: Genting Singapore, Thai Beverage, Keppel and Mapletree Logistics Trust.
UPDATE: Indofood Sukses Makmur offers to buy Indofood Agri, valuing palm oil play at around S$391M
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 revises Thai Beverage outlook to negative from stable
Fitch Ratings on Wednesday revised Thai Beverage’s ratings outlook to negative from stable, amid continued weak domestic demand.
Singapore share buybacks Wednesday: OCBC, Global Palm Resources
These are Singapore companies which announced share buybacks on Wednesday, 10 April 2019: OCBC and Global Palm Resources.