Del Monte Pacific swings to fiscal 2Q net loss
Del Monte Pacific said Friday it swung to a fiscal second quarter net loss of US$37.35M, from a year-ago net profit of US$8.43M, due to one-off expenses.
Agriculture
Straits Times Index to add Mapletree Logistics Trust, cut Golden Agri
After the quarterly review, the STI will remove Golden Agri as a constituent and add Mapletree Logistics Trust, FTSE Russell said Thursday.
Olam to sell some Australia water rights to PSP Investments for A$490 million
Olam said Tuesday it entered a deal to sell 89,095 metaliters of its permanent water rights in Australia to a related entity of PSP Investments for A$490M.
UPDATE: Singapore stocks to watch Monday: FCOT, FLT, ThaiBev, Lendlease Global REIT, Oxley, UEL
These are Singapore companies which may be in focus on Monday, 2 Dec. 2019: ThaiBev, Lendlease Global Commercial REIT, DBS, Temasek, OCBC and No Signboard.
How Impossible Foods is tackling Asian markets, including China
Impossible Foods has a plan for launching its plant-based alternative to meat in Asia’s markets: It’s taking aim at the region’s traditional dishes.
Olam to sell onion and garlic processing facility’s property assets for US$110M
Olam said Monday it entered a deal to sell the real estate assets of its California onion and garlic processing facility to Mesirow Financial for US$110.3M.
UPDATE: Singapore stocks to watch Friday: Mapletree Logistics, OCBC, SGX, Halcyon Agri, ST Engineering, UOB
These are Singapore companies which may be in focus on Friday, 22 November 2019: Mapletree Logistics Trust, OCBC, SGX, Halcyon Agri, ST Engineering and UOB.
Li Ka-shing-tied Horizons Ventures: Trends in our food investments
Solina Chua, a co-founder of Horizons Ventures, said Wednesday climate change is a driver of firm’s interest in food-based investments.
Temasek: These are the big themes in our agriculture and food investments
Temasek started its agriculture and food investments with three key concerns: Food security, energy security and water security, CEO Pillay said Wednesday.
Olam reports 3Q19 net profit fell nearly 2 percent
Olam International reported Wednesday its third quarter net profit fell 1.5 percent on-year to S$20.37 million, hit by changes to accounting for leases.
Investcorp, China Resources, Fung Investments launch US$500M platform to invest in Asia food brands
Investcorp, China Resources and Fung Strategic launched a private-equity platform with US$500 million in committed capital to invest in Asian food brands.
UPDATE: Singapore stocks to watch Monday: Ascendas REIT, palm oil, CityDev, IREIT, OCBC, Lendlease REIT, SingPost
These are Singapore companies which may be in focus Monday, 4 November 2019: Ascendas REIT, CityDev, IREIT, OCBC and Lendlease Global Commercial REIT.
UPDATE: Singapore stocks to watch Friday: UOB, Keppel, Yangzijiang, Ascott REIT, AA REIT, Hi-P, POSH
These are Singapore companies which may be in focus on Friday, 1 November 2019: Keppel, Yangzijiang, Ascott Residence Trust, AA REIT, Hi-P and Sabana REIT.
Global Palm Resources issues profit warning
Global Palm Resources warned Thursday it expected to report a net loss after income tax for the third quarter.
Wilmar forms two new subsidiaries for electricity and for trading agricultural products
Wilmar said Friday it has formed two new subsidiaries, one in China for generating electricity, and the other in Senagal for trading agricultural products.
Olam enters deal to acquire California almond processor Hughson Nut
Olam said Tuesday it entered a deal to acquire all of California almond processor and ingredient manufacturer Hughson Nut for an enterprise value of US$54M.
Olam completes US$1.5 billion debt refinancing
Olam International said Thursday it secured a multi-tranche revolving credit facility of a total US$1.53 billion to refinance its existing loans.
Qian Hu 3Q19 net profit jumps 72 percent despite dragon fish price war weighing revenue
Ornamental fish breeder Qian Hu reported Wednesday its 3Q19 net profit surged 72 percent on-year to S$301,000, despite a long-running dragon fish price war.
UPDATE: Singapore stocks to watch Monday: UOB, Lendlease Global REIT, Temasek, Keppel, CityDev, ST Eng
These are companies which may be in focus in Singapore on Monday, 14 October 2019: UOB, Lendlease Global Commercial REIT, Temasek, Keppel and Synagie.
Singapore stocks to watch Friday: Ascendas REIT, Manulife US REIT, Raffles Infrastructure, Addvalue
These are Singapore companies which may be in focus on Friday, 4 October 2019: Ascendas REIT, Manulife US REIT, Raffles Infrastructure and Addvalue.
UPDATE: Singapore stocks to watch Thursday: Lendlease Global REIT, F&N, ThaiBev, KIT, GuocoLand, Wilmar
These are Singapore companies which may be in focus on Thursday, 26 September 2019: Lendlease Global Commercial REIT, F&N, Thai Beverage and GuocoLand.
Anwar Ibrahim: Toxic haze from Indonesia’s forest fires is ‘ecological warfare’
Anwar Ibrahim, Malaysia’s heir-apparent to become prime minister, said the companies behind deadly forest fires in Indonesia must be held to account.
Olam gets US$525 million sustainability-linked loan
Olam secured a revolving credit facility of US$525 million tied to meeting sustainability goals, the agri-business said in a filing to SGX Tuesday.
Del Monte Pacific reports fiscal 1Q net loss on US plant closures
Del Monte Pacific reported Friday a fiscal 1Q net loss of US$38.26 million on one-off items related to closing plants in the U.S.
Singapore share buybacks Monday: Yangzijiang, SPH, HRnetGroup, Japfa, Stamford Land
Singapore companies which announced share buybacks on Monday, 2 September 2019: Yangzijiang, SPH, Stamford Land, Japfa and HRnetGroup.
Del Monte Pacific to shutter, divest some US facilities in restructuring
Del Monte Pacific said Tuesday it plans to shutter and divest some production facilities of its U.S. subsidiary, Del Monte Foods.
Wilmar downgraded by Maybank KE on African swine flu disruption
Maybank KimEng downgraded Wilmar to Hold from Buy, pointing to the disruption from an outbreak of African swine flu in China.
Golden Agri reports 2Q19 net loss widens as palm oil prices fall
Golden Agri reported Wednesday its 2Q19 net loss widened to US$64.70M, from a net loss of US$39.02M in the year-ago quarter as palm oil prices dropped.
Olam 2Q19 net profit drops 35 percent on changes to lease accounting
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.
Wilmar reports 2Q19 net profit dropped 52 percent, missing forecast from UOB KayHian
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 plans to list 10 percent of YKA on ChiNext
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.
UPDATE: Singapore stocks to watch Tuesday: Yangzijiang, NetLink NBN, APAC Realty, Cromwell European REIT
These are Singapore companies which may be in focus on Tuesday, 6 August 2019: Yangzijiang, NetLink NBN, APAC Realty and Cromwell European REIT.
Singapore share buybacks Monday: Japfa, Stamford Land, Singapore Shipping
These are Singapore companies which announced share buybacks on Monday, 5 August 2019: Japfa, Stamford Land and Singapore Shipping.
Kencana Agri warns it expects to report 2Q19 net loss
Kencana Agri warned Friday it expects to report a second quarter net loss, mainly on low crude palm oil prices.
UPDATE: Singapore stocks to watch Thursday: SIA, SGX, Singtel, Hyflux, Stamford Land, No Signboard
These are Singapore stocks which may be in focus on Thursday, 1 August 2019: SIA, SGX, Hyflux, Singtel, Stamford Land, No Signboard and Soilbuild.
Singapore share buybacks Wednesday: SPH, Keppel REIT, Boustead, Japfa, Singapore Shipping
These are Singapore companies which announced share buybacks on Wednesday, 31 July 2019: SPH, Keppel REIT, Boustead Singapore and Japfa.
Global Palm Resources warns it expects 2Q19 net loss
Global Palm Resources warned Wednesday it expects to report a net loss for 2Q19, mainly on a drop in the sales volume and prices of crude palm oil.
Singapore share buybacks Friday: Keppel REIT, Olam, Straits Trading, CDW
These are Singapore companies which announced share buybacks on Friday, 26 July 2019: Keppel REIT, Olam, Straits Trading and CDW.
UPDATE: Singapore stocks to watch Friday: ST Engineering, Suntec REIT, Wilmar, MCT, Sunpower
These are Singapore companies which may be in focus on Friday, 26 July 2019: ST Engineering, Wilmar, Mapletree Commercial Trust and Sunpower.
Singapore share buybacks Thursday: Keppel REIT, Olam, CDW, Straits Trading, Cheung Woh
These are Singapore-listed companies which announced share buybacks on Thursday, 25 July 2019: Keppel REIT, Olam, CDW, Straits Trading and Cheung Woh.