Singapore share buybacks Thursday: Singapore Post, Stamford Land
These are Singapore companies which announced share buybacks on Thursday, 14 February 2019: Singapore Post and Stamford Land.
UPDATE: StarHub reports 4Q18 net profit dropped 62 percent as mobile and pay TV revenue decline
Telco StarHub reported Thursday 4Q18 net profit dropped 61.8% on-year amid lower mobile and pay TV revenue. The results beat a forecast from Daiwa.
UPDATE: Singapore Airlines fiscal 3Q net profit falls 27 percent as higher fuel costs offset revenue rise
Singapore Airlines reported Thursday its fiscal 3Q net profit fell 27% on-year to S$284.1M as a sharp increase in fuel costs offset a rise in revenue.
UPDATE: Thai Beverage fiscal 1Q net profit rises 36 percent as spirits and food revenue increased
Thai Beverage reported Thursday fiscal 1Q net profit rose 35.5 percent on-year as revenue from the spirits, F&N/FPL and food businesses all increased.
Soilbuild REIT: NK Ingredients in default of lease agreement, seeking moratorium on creditors
Soilbuild REIT said Thursday a third party has filed an application for tenant NK Ingredients to be placed under judicial management.
Singapore budget 2019: Hopes for increased spending are too high, BofA-ML says
Hopes for a spending spree in the upcoming Singapore budget are too high, although an expansionary budget is likely, BofA-ML said in a late January note.
ComfortDelGro upgraded to Buy by RHB as new acquisitions boost earnings
RHB upgraded ComfortDelGro to Buy after its taxi business showed surprise resilience and as the public transportation business’ contribution grew.
ST Engineering sets joint venture with DSO for satellite analytic services
ST Engineering said Thursday its electronics arm will set up a JV with DSO to offer analyticsand information products based on satellite imagery.
Why EC World REIT shows the trade war may not hit all of China’s trade-dependent plays
EC World REIT’s unit price has dropped around 10 percent since its 2016 initial public offering, taking a hit alongside a host of China-focused investments as concerns over the U.S. trade war hurt sentiment.
Hutchison Port Holdings Trust outlook slashed by DBS after earnings impairment
DBS sharply cut its outlook for Hutchison Port Holdings Trust’s payouts after the port operator’s earnings missed forecasts due to a large impairment.
UPDATE: Singtel fiscal 3Q net profit fell 14.2 percent amid ‘intense’ India competition, missing forecast
Singtel reported Thursday its fiscal 3Q net profit fell 14.2% on-year to S$823 million amid headwinds in India. The results missed a forecast from DBS.
UPDATE: Singapore stocks to watch Thursday: Singtel, ComfortDelGro, SATS, JUMBO, Accordia Golf
These are Singapore companies which may be in focus on Thursday, 13 February 2019: Singtel, ComfortDelGro, SATS, JUMBO and Accordia Golf Trust.
Chili crab restaurateur JUMBO reports fiscal 1Q net profit rose 16 percent
Iconic Singapore chili crab restaurateur JUMBO Group reported on Wednesday its fiscal first quarter net profit rose 15.7 percent on-year to S$2.43 million.
Accordia Golf Trust fiscal 3Q net profit rose 25 percent as better weather boosted player numbers
Accordia Golf Trust reported fiscal 3Q net profit increased 24.7% on-year to 3.21 billion yen as improved weather helped to boost player numbers.
Singapore share buybacks Wednesday: Keppel REIT, Stamford Land
These are Singapore companies which announced share buybacks on Wednesday, 13 February 2019: Keppel REIT and Stamford Land.
NetLink NBN Trust reports fiscal 3Q net profit of S$19.6 million, above IPO forecasts
NetLink NBN Trust reported Wednesday its fiscal 3Q net profit came in at S$19.6 million, above the projection of S$16.7 million from its IPO prospectus.
SATS fiscal 3Q net profit rises nearly 4 percent, beating forecast from Daiwa
SATS reported Wednesday fiscal 3Q net profit increased 3.5% on-year to S$68.9M on volume growth in its Food Solutions and Gateway Services segments.
ComfortDelGro reports 2018 net profit rose slightly, beating some analysts’ forecasts
ComfortDelGro reported Wednesday its 2018 net profit rose 0.6% to S$303.3M on contributions from new acquisitions. That beat some analysts’ forecasts.
CGS-CIMB tips Thai Beverage fiscal 1Q earnings grew as Thai beer sales pick up
Thai Beverage appears set to report on Thursday solid earnings growth for its fiscal first quarter amid rising beer sales in Thailand, CGS-CIMB said in a note on Tuesday.
Hutchison Port Holdings Trust downgraded to Sell from Buy by OCBC after impairment
OCBC downgraded Hutchison Port Holdings Trust, or HPHT, to Sell from Buy after its earnings missed following a large goodwill write-down.
UPDATE: Singapore stocks to watch Wednesday: HPHT, Frasers Property, SGX, Kimly, Perennial, FEHT
These are Singapore companies which may be in focus on Wednesday, 13 February 2019: HPHT, Frasers Property, SGX, Kimly, FEHT and Perennial.
Yoma Strategic reports fiscal 3Q swings to net loss amid higher finance costs
Yoma Strategic reported Wednesday a fiscal 3Q net loss of S$5.2M, swinging from a year-earlier net profit amid higher expenses for its new businesses.
Far East Hospitality Trust’s 4Q18 net property income rose 14 percent amid hotel turnaround
Far East Hospitality Trust reported Wednesday its 4Q18 net property income increased 13.9%, in line with analyst forecasts, amid a hotel recovery.
Perennial reports 4Q18 net profit fell 42 percent as finance costs increased
Perennial Real Estate reported on Wednesday that its fourth quarter net profit fell 42 percent on-year to S$16.0 million, mainly on higher finance costs.
Cash is king as fund managers remain bearish, BofA-ML February survey finds
Fund managers remained bearish, with cash overweights at their highest since the Global Financial Crisis, the BofA-ML February fund manager survey found.
