Koufu terminates joint venture to expand Supertea and R&B brands into Indonesia
Koufu and its JV partners mutually terminated their JV to expand the Supertea and R&B Tea brands into Indonesia, the coffee shop operator said Tuesday.
Swiber divests 23 percent stake in PT Rajawali Swiber Cakrawala
Swiber said Tuesday it divested its 23 percent stake in PT Rajawali to the president director of PT Equitoria Offshore Berjaya for US$500,000.
Nothing but blue skies in November, BofA-ML fund managers survey finds
All it took was another rate cut: Economic growth expectations surged and risk-taking took off in November, according to the Bofa-ML fund managers survey.
Fintechs point to institutional resistance for open banking
Large Asian banks — trying to both mitigate risks and avoid new services cannibalizing existing ones — are moving slowly on collaborating with fintechs.
UPDATE: OCBC, DBS tie up with Google Pay for digital payments
OCBC Bank said Monday it entered a tie-up with Google to to allow its customers to use the Google Pay app to make account-to-account PayNow fund transfers.
Singapore stocks to watch Tuesday: Mapletree Commercial, Sembcorp, Manulife US REIT, Nordic, Accordia Golf
These are Singapore entities which may be in focus on Tuesday, 12 Nov 2019: Mapletree Commercial Trust, NetLink NBN Trust, Sembcorp and Manulife US REIT.
Mapletree Commercial Trust preferential offering meets strong demand
Mapletree Commercial Trust’s preferential offering of 205.59 million new units at S$2.24 each met with strong demand, the trust said Monday.
Singapore share buybacks Monday: Keppel REIT, Stamford Land, AEI, Cheung Woh Tech
These are Singapore companies which announced share buybacks on Monday, 11 November 2019: Keppel REIT, Stamford Land, AEI Corp. and Cheung Woh Technologies.
Xiaomi: When a smartphone maker becomes a bank
Xiaomi has the usual trimmings for a smartphone maker: A retail channel for its products and internet services for its 300M users. It’s also becoming a bank.
Survival of the nimblest? How one Singapore O&M player thrived despite a sector shakeout
Singapore’s O&M services industry has taken a battering since oil tumbled off peaks over US$100 a barrel oil. But Nordic has managed to thrive.
Vividthree swings to fiscal 2Q net profit from year-ago loss
Vividthree reported Monday a fiscal 2Q net profit of S$208,200, swinging from a year-ago loss, on increased revenue from post-production works.
Accordia Golf Trust reports October players dropped 9 percent
Accordia Golf Trust reported Monday the number of players on its 88 courses in October dropped 9 percent on-year to 485,575.
MAS sets new US$2 billion green investment program
The Monetary Authority of Singapore (MAS) announced Monday it set up a US$2 billion program to invest in public-market strategies with a strong green focus.
UPDATE: ST Engineering reports 3Q19 net profit increased 3 percent
ST Engineering reported Monday its third quarter net profit increased 3 percent on-year to S$139.1 million on contributions from MRAS.
UPDATE: Singapore stocks to watch Monday: DBS, ST Engineering, Keppel, CapitaLand, Far East Orchard, Venture, Yoma
These are Singapore companies which may be in focus on Monday, 11 November 2019: Keppel, CapitaLand, Venture, Far East Orchard, Yoma and Nordic.
UPDATE: DBS reports 3Q19 net profit climbed 15 percent, beating analysts’ forecasts
DBS reported Monday its third quarter net profit climbed 15 percent on-year to S$1.629 billion, on record fee income and higher trading gains.
Sustainability will be the top topic at Singapore’s Fintech Festival
Sustainability appears set to lead discussions at Singapore’s Fintech Festival this year, as attendees look for ways to cash in on going green.
Nordic Group reports 3Q19 net profit fell 12 percent
Nordic Group reported Friday its third quarter net profit fell 12 percent on-year to S$2.93 million on lower revenue and lower margins.
SK Jewellery reports 3Q19 net profit dropped 58 percent
SK Jewellery reported Friday its 3Q19 net profit dropped 57.9 percent on-year to S$459,000 after the cessation of SK Bullion’s operations in May 2019.
Venture reports 3Q19 net profit increased nearly 6 percent, missing CGS-CIMB forecast
Venture Corp. reported Friday its third quarter net profit rose 5.5 percent on-year to S$85.20 million, missing CGS-CIMB’s forecast for S$90.4 million.
Synagie proposes rights issue to raise as much as S$3.8 million
Synagie proposed Friday a rights issue of up to 39.72 million new shares at S$0.10 each on the basis of three rights shares for every 20 existing shares.
SGX reports October equity market activity rose, while some equity derivatives volume fell
Singapore Exchange reported Friday its total securities market turnover value climbed 9 percent on-month in October to S$21.6 billion.
Far East Orchard acquires two UK student housing properties for around S$116 million
Far East Orchard said Friday acquired two student accommodation properties in the U.K. for 66.5 million British pounds, or around S$115.7 million.
Singapore share buybacks Friday: Keppel REIT, Stamford Land, Shopper360, Intraco
These are Singapore companies which announce share buybacks on Friday, 8 November 2019: Keppel REIT, Stamford Land, Shopper360 and Intraco Ltd.
Keppel breaks ground on Saigon Sports City township project
Keppel said it broke ground Friday on its Saigon Sports City project, a 64-hectare site to be developed into a township in Ho Chi Minh City’s district 2.
Yoma Strategic plans telecom tower divestment and acquisition of additional Wave Money stake
Yoma Strategic said Friday it plans to divest its remaining telecom tower investment and acquire an additional 10 percent stake in Wave Money.
Yoma Strategic warns it expects to report fiscal 2Q loss
Yoma Strategic warned Friday it expects to post an overall loss for the fiscal 2Q ended 30 September due to efforts to sell its investment in a China mall.
DBS: Still bullish on Mapletree Commercial Trust despite unit price jump
DBS said it was remaining bullish on Mapletree Commercial Trust despite a “meteoric rise” in its unit price, sticking with its contrarian Buy call.
UPDATE: Singapore stocks to watch Friday: GENS, SPH REIT, Dairy Farm, ThaiBev, LMIRT, EC World REIT, Maxi-Cash
These are Singapore companies which may be in focus on Friday, 8 November 2019: Genting Singapore, SPH REIT, SIA, Dairy Farm, Thai Beverage and LMIRT.
Moneymax reports 3Q19 net profit more than tripled
Moneymax said Thursday its 3Q19 net profit more than tripled to S$3.07M, mainly on increased revenue from retail and trading of luxury items, and pawnbroking.
Dairy Farm: 3Q19 combined sales higher on Robinsons Retail investment
Dairy Farm reported Thursday its 3Q19 combined sales, including associates and JVs, were up on-year, mainly on the investment in Robinsons Retail in late 2018.
Singapore share buybacks Thursday: Intraco
These are Singapore companies which announced share buybacks on Thursday, 7 November 2019: Intraco Ltd.
Stamford Land reports fiscal 2Q net profit declined 16 percent
Stamford Land reported Thursday its fiscal 2Q net profit fell 15.9 percent on-year to S$9.72 million, hurt by the decline in the Australian dollar.
Kingsmen Creatives reports 3Q19 net profit tumbled 93 percent
Kingsmen Creatives reported Thursday its third quarter net profit tumbled 93 percent on-year to S$115,000, mainly on costs from new business areas.
MindChamps PreSchool reports 3Q19 net profit tumbled 71 percent
MindChamps PreSchool reported Thursday its third quarter net profit dropped 71 percent on-year to S$339,000 on higher expenses.
Lippo Malls Indonesia Retail Trust reports 3Q19 net property income climbed 12 percent
Lippo Malls Indonesia Retail Trust reported Thursday its 3Q19 net property income increased 11.8 percent on-year to S$44.12 million on a stronger rupiah.
EC World REIT reports 3Q19 net property income rose 3 percent
EC World REIT reported Thursday its 3Q19 net property income increased 3.2% on-year to S$22.92M on strong occupancy and the Fuzhou E-Commerce acquisition.
Maxi-Cash reports 3Q19 net profit more than doubled
Maxi-Cash reported Thursday its third quarter net profit jumped 105 percent on-year to S$5.64 million, partly due to a lower foreign exchange loss.
SPH REIT enters deal to acquire 50 percent stake in Adelaide shopping center for S$637M
SPH REIT said Thursday it entered a deal to acquire 50% of Westfield Marion Shopping Centre, in Adelaide, Australia, for A$670 million.
UPDATE: Genting Singapore reports 3Q19 net profit dropped 24 percent
Genting Singapore reported Thursday its third quarter net profit dropped 24 percent on-year to S$158.87 million on higher depreciation costs.