“Millennials kill insert-product” headlines —covering everything from diamond rings to mayonnaise to traditional weddings — have become a cliché.
Mapletree Logistics Trust said on Wednesday it sold five properties in Japan to Godo Kaisha T&C for 17.52 billion yen, or around S$213.3 million in cash.
Water infrastructure player Hyflux’s default could be the harbinger of more financial distress cases for the Singapore bond market, S&P said Monday.
These are Singapore companies which may be in focus on Wednesday, 10 April 2019: SPH, Keppel, CapitaLand, SATS and BreadTalk.
Keppel Infrastructure Trust said on Wednesday it raised S$500.8 million in an equity fundraising that included a placement and a preferential offering.
These are Singapore companies which announced share buybacks on Tuesday, 9 April 2019: OCBC, Global Palm Resources and Stamford Land.
Singapore Post’s plan to divest its U.S. e-commerce subsidiaries TradeGlobal and Jagged Peak is “mildly credit positive,” S&P Global Ratings said Monday.
Iconic Singapore bun-maker BreadTalk said Tuesday it plans to acquire an around 20% stake in plastic packaging maker NPPG (Thailand) for a total THB570Mln.
Keppel said Tuesday it was developing an autonomous tug vessel, set to be one of Singapore’s first autonomous vessels, to be operated by Keppel Smit Towage.
Singapore Press Holdings reported Tuesday its fiscal 2Q net profit dropped 25.7% on-year to S$29.69 million on lower print ad and circulation revenue.
CapitaLand’s wholly owned lodging unit The Ascott said Tuesday it obtained contracts to manage 14 properties across eight countries.
Maybank KimEng said on Monday that shares of Hi-P International were overvalued after gaining 47 percent since posting its earnings in late February.
CGS-CIMB upgraded Singapore Post, or SingPost, to Add from Hold on the postal and logistics company’s plan to exit its U.S. e-commerce businesses.
Moody’s affirmed Genting Signapore’s A3 issuer rating, saying the IR operator won’t need more debt to fund its S$4.5B Resorts World Sentosa expansion.
These are Singapore companies which may be in focus on Tuesday, 9 April 2019: SGX, City Developments, Uni-Asia, Q&M Dental and Challenger.
UOB priced US$600 million of 3.75 percent subordinated notes due 2029 and callable in 2024, the bank said in an SGX filing Tuesday.
Shipping and property investor Uni-Asia Group guided Monday for a dividend payout rate of 35 percent to 40 percent of its 2019-20 net profit.
These are Singapore companies which have announced share buybacks on Monday, 8 April 2019: OCBC, Kimly and Stamford Land.
Q&M Dental said Monday it tied up with IMU Education to develop an artificial intelligence, or AI, system for dental treatment decision-making.
Online brokerage iFAST said Monday it increased its stake in associate iFAST India Holdings to 30.96 percent after the Indian entity’s rights issue.
SGX said on Monday it is launching the first total return futures (TRF) in Asia, based on the Nikkei 225 Index, with the introduction set for 13 May.
These are Singapore companies likely to be in focus on Monday, 8 April 2019: Singapore Airlines, City Developments, SPH REIT, SGX and Yongnam.
OUE Commercial REIT and OUE Hospitality Trust said on Monday they were proposing a merger which would create one of the largest diversified S-REITs.
Spackman Entertainment said Monday China’s ban on entertainment imports from South Korea hurt the earnings of associated company Spackman Media Group.
Thai Beverage said late on Sunday that it was forming two joint ventures with Japanese Dining Concepts (Asia), or JDCA, the franchiser of Genki Sushi.