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.
China
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: 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.
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.
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.
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.
Frasers Property reports fiscal 1Q net profit jumped 76 percent on income assets
Frasers Property reported Tuesday fiscal 1Q net profit jumped 76.1% on-year, boosted by a larger recurring income base and sales of residential projects.
Hutchison Port Holdings Trust reports 4Q18 net loss as trade tensions spur impairments
Hutchison Port Holdings Trust reported Tuesday a 4Q18 net loss of HK$12.11B, swinging from a year-ago profit on impairments related to trade tensions.
UPDATE: Singapore stocks to watch Tuesday: Mapletree Industrial, CapitaLand Mall Trust, M1, Hyflux, Sakae
These are Singapore companies which may be in focus on Tuesday, 12 February 2019: Mapletree Industrial Trust, CapitaLand Mall Trust, M1, Hyflux and Sakae.
Valuetronics reports fiscal 3Q net profit rose despite fall in consumer electronics revenue
Valuetronics reported its fiscal third quarter net profit rose 2.6 percent to HK$59.7 million despite a decline in consumer electronics (CE) revenue.
UPDATE: Singapore stocks to watch Friday: Keppel, Global Palm, Cromwell European REIT, CRCT
These are Singapore stocks which may be in focus on Friday, 8 February 2019: Keppel Corp., Singapore Post, Global Palm, Cromwell European REIT and CRCT.
UPDATE: Singapore stocks to watch Monday: CapitaLand, No Signboard, DeClout, Hyflux, Noble, Courts Asia
These are Singapore stocks which may be in focus on Monday, 4 February 2019: CapitaLand, No Signboard, ST Engineering, DeClout, Hyflux and Noble.
Citic Envirotech obtains 310 million yuan industrial hazardous waste treatment project in China
Citic Envirotech said on Friday it obtained a 310 million yuan (S$62.04 million) project for industrial hazardous waste treatment in Shihezi City, Xinjiang Province, in…
UPDATE: CapitaLand Retail China Trust to acquire new Inner Mongolia mall and divest CapitaMall Saihan
CRCT will acquire a property under development in Yuquan District, Inner Mongolia, and it will divest CapitalMall Saihan in a bundle deal.
UPDATE: Singapore stocks to watch Friday: CRCT, SingPost, ThaiBev, Cromwell European REIT, GuocoLand
These are Singapore stocks which may in focus on Friday, 1 February 2019: CRCT, ThaiBev, Cromwell European REIT, GuocoLand, Starhill Global REIT and Genting Singapore.
UPDATE: CapitaLand Retail China Trust 4Q18 rises nearly 9 percent on new acquisition
CapitaLand Retail China Trust (CRCT) reported Friday its 4Q18 net property income increased 8.8% on-year to S$35.88M on its newly acquired Rock Square mall.
Forex trends: US dollar tumbles in wake of dovish comments from Fed
The U.S. dollar dropped sharply in the wake of dovish comments from the U.S. Federal Reserve, marking what could be a sea-change in its long-drawn…
UPDATE: Singapore stocks to watch Thursday: Ascendas REIT, Grab, Frasers Hospitality, OUE Commercial
These are Singapore stocks which may be in focus on Thursday, 31 January 2019: Ascendas REIT, Grab, Frasers Hospitality and OUE Commercial.
Yangzijiang acquires 40 percent of Zhuoneng it didn’t already own for 20 million yuan
Yangzijiang Shipbuilding said on Wednesday that its wholly owned subsidiary Jiangsu Yanghong Marine Import and Export acquired the remaining 40 percent of Jiangsu Yangzi Zhuoneng Industrial it…
UPDATE: Singapore stocks to watch Wednesday: Starhill Global REIT, Suntec REIT, OUE Hospitality, SGX
These are Singapore stocks which may be in focus on Wednesday, 30 January 2019: Starhill Global REIT Starhill Global REIT reported net property income for…
UPDATE: China Kunda: Potential stake sale may trigger takeover bid
China Kunda Technology may see a takeover bid as a potential purchaser of its shares could end up with a more than 50 percent stake….
Singapore stocks to watch Tuesday: M1, Ascott Residence Trust, CDL Hospitality, Yoma
These are Singapore stocks which may be in focus on Tuesday, 28 January 2019: M1 Singapore telco M1 reported on Monday its fourth quarter net…
China Kunda Technology swings to loss for fiscal 3Q as plastics sales decline
China Kunda Technology reported on Monday it swung to a net loss of HK$286,000 (S$49,340) for its fiscal third quarter from a year-earlier net profit…
