PropNex reported Tuesday its 2Q19 net profit fell 11.9% on-year on lower commission income in the wake of property cooling measures imposed a year earlier.
Valuetronics said Wednesday its fiscal 1Q net profit fell 3.1% on-year to HK$48.1M as the U.S. trade war spurs customers to seek production outside China.
ST Engineering reported Wednesday its 2Q19 net profit increased 18% on-year to S$138.2 million on higher profit from the marine and “others” segments.
Olam International reported Wednesday its second quarter net profit dropped 34.5 percent on-year to S$61.49 million on changes to accounting for leases.
BreadTalk said Wednesday CEO Chu Heng Hwee would resign, effective 31 December, with Executive Chairman George Quek Meng Tong set to take over the CEO role.
Yanlord Land reported Tuesday its 2Q19 net profit dropped 41% on-year to 865.32 million yuan as the developer delivered a lower gross floor area.
These are Singapore companies which announced share buybacks on Tuesday, 13 August 2019: Keppel REIT, Stamford Land, Rex and Singapore Shipping.
OUE reported Tuesday its 2Q19 net profit surged more than 11 times on-year to S$60.86M, mainly on a one-off gain for the disposal of Aquamarina Hotel.
Vividthree said Tuesday it entered a deal with Hong Kong-based Animation International to develop the Doraemon Experience (DE), a show combining VR and AR.
Wilmar reported Tuesday its 2Q19 net profit dropped 52.3% on-year, partly on lower soybean crush margins and on weaker performance from the sugar division.
Wilmar said Tuesday it planned to list a 10 % stake in its China operations, Yihai Kerry Arawana, on the ChiNext board of the Shenzhen Stock Exchange.
Accordia Golf Trust reported Tuesday the number of players on its 88 courses rose 7.2 percent on-year in July to 497,808.
ComfortDelGro reported Tuesday its 2Q19 net profit edged up 1.2 percent on-year to S$75.9 million on new acquisitions and growth in public transport.
Manulife US REIT (MUST) reported Tuesday its second quarter net property income climbed 33.8 percent on-year to US$27.26 million on new acquisitions.
Global fund managers are still nervous in August, pulling away from equities and turning to “insurance,” the BofA-ML fund manager survey said Tuesday.
China Everbright Water reported Tuesday its 1H19 net profit rose 13% on-year to HK$420.49M on more higher margin projects.
Singapore is likely to meet slowing economic growth with targeted fiscal help, Selina Ling, head of treasury research and strategy at OCBC, said Tuesday.
Halycon Agri reported Tuesday a 2Q19 net profit of US$2.28M, swinging from a year-ago net loss of US$4.11M amid a foreign exchange gain and lower expenses.
Singapore’s NODX dropped 14.6% on-year in 2Q19, hurt by lower shipments of both electronics and non-electronic products, Enterprise Singapore said Tuesday.
These are Singapore companies which may be in focus on Tuesday, 13 August 2019: Yangzijiang, StarHub, Venture, Noble and No Signboard.
Singapore’s GDP growth forecast has been cut to 0.0 percent to 1.0 percent for 2019, amid the escalation of the U.S.-China trade war, the MTI said Tuesday.
Maybank KE said it was sticking with a contrarian Buy call on StarHub, saying the shares could re-rate on signs Singapore’s telco market has stabilized.
StarHub’s lower-than-expected 2Q19 results show the telco isn’t out of the woods, but there were still positive signs, Daiwa said in a note last week.
Sasseur REIT was set to continue its growth momentum in 2H19 after beating its IPO projections for a fifth straight quarter, Maybank KE said.
Credit Suisse said it’s turning more cautious on the Singapore market, forecasting the city-state’s economic growth would slow to just 0.5 percent in 2019.
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Ezion reported Friday a 2Q19 loss after tax of US$363.91M, swinging from a profit after tax of US$96.10M in the year-ago period, after taking impairments.
Japan Foods said Thursday it entered a JV with Ajisen Investments to operate Japanese ramen restaurants under the Konjiki Hototogisu in Hong Kong.