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.
China
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.
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.
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.
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.
Citic Envirotech gets pre-conditional exit offer to delist company
CKM (Cayman) said Wednesday it has made a pre-conditional exit offer of S$0.55 a share for all of Citic Envirotech in connection with a proposed delisting.
UPDATE: Singapore stocks to watch Wednesday: Singapore Airlines, StarHub, Perennial, HPHT, AA REIT, FLT
These are Singapore companies which may be in focus on Wednesday, 6 November 2019: Singapore Airlines, StarHub, Perennial, AIMS APAC REIT and HPHT.
Perennial Real Estate reports 3Q19 swung to net loss on year-ago gain, higher finance costs
Perennial reported Tuesday it swung to a net loss of S$9.93 million for the third quarter, due to a year-ago fair value gain and higher finance costs.
Hutchison Port Holdings Trust issues US$500 million notes due 2024
HPHT’s subsidiary HPHT Finance has issued US$500 million 2.875 percent guaranteed notes due 2024, the trust said in a filing to SGX Tuesday.
UPDATE: CapitaLand 3Q19 net profit fell 8 percent on lower portfolio gains
CapitaLand reported Tuesday its 3Q19 net profit fell 7.8% on-year to S$333.93M, mainly on lower portfolio gains, partly offset by higher operating profit.
China Everbright Water lands two waste-water treatment projects in Shandong
China Everbright Water said Monday it landed two waste-water treatment projects in Shangdong Province with a total investment of around CNY396M.
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.
CapitaLand-CityDev Sengkang Grand development meets strong demand
Sengkang Grand Residences, a joint project between CapitaLand and CityDev, met with strong demand on its launch weekend, the developers said Sunday.
Hi-P International downgraded to Sell by Maybank Kim Eng
Maybank Kim Eng downgraded Hi-P International to Sell from Hold, advising investors to wait for a better entry point.
Sasseur REIT started at Buy by UOB KayHian
UOB KayHian started coverage of Sasseur REIT at Buy with a S$0.97 target price, pointing to an attractive 2019 distribution yield of 8.2 percent.
UPDATE: Ascendas REIT to acquire 30 business park properties in US, Singapore from CapitaLand for S$1.66 billion
Ascendas REIT said Friday it entered a deal to acquire 28 U.S. business park properties in the U.S. and two in Singapore for S$1.66 billion from CapitaLand.
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.
China Sunsine Chemical warns it expects ‘material’ 3Q19 profit decline
China Sunsine Chemical warned Thursday it expected to report a “material decrease” in its third quarter net profit, compared with the year-ago period.
Yangzijiang Shipbuilding lands orders for 6 Great Lakes bulk carriers
Yangzijiang said Thursday it entered new order contracts from Navigation Maritime Bulgare to build six 31,800DWT Great Lakes bulk carriers.
Hi-P International completes acquisition of SEAMCO
Hi-P completed the acquisition of plastic component maker SEAMCO, the contract manufacturer said in a filing to SGX Thursday.
Fintech player iFAST reports 3Q19 net profit fell nearly 6 percent
Fintech player iFAST reported Thursday its 3Q19 net profit fell 5.5% on-year to S$2.46M amid continued investments in improving its platform capabilities.
Hi-P International reports 3Q19 net profit fell nearly 3 percent
Hi-P International reported Wednesday its third quarter net profit fell 2.7 percent on-year to S$32.87 million as the gross profit margin declined.
Yanlord Land’s Hangzhou project sells out in initial launch
Yanlord Land’s Hangzhou project has fully sold its initial batch of 120 apartment units, launched 26 October, the Chinese property developer said Wednesday.
SATS enters deal with Sembcorp Industries to improve sustainability, install solar panels
SATS has entered a deal with Sembcorp to reduce its environmental footprint, in part via installiing rooftop solar panels, the two companies said Tuesday.
Hutchison Ports Holdings Trust reports 3Q19 net profit fell 3 percent
Hutchison Ports Holdings Trust reported Friday its profit attributable to unitholders, or net profit, fell 2.9% on-year to HK$232.5M (S$40.44M).
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.
UPDATE: Singapore stocks to watch Friday: SGX, Hyflux, GuocoLand, Eagle Hospitality, Oxley, Sabana REIT, JUMBO
These are Singapore companies which may be in focus on Friday, 25 October 2019: SGX, Hyflux, GuocoLand, Eagle Hospitality Trust, Oxley, Sabana REIT and JUMBO.
Citic Envirotech swings to 3Q19 net loss on lower contributions from engineering business
Citic Envirotech reported Thursday a 3Q19 net loss of S$4.0M, from a year-earlier net profit of S$23.86M, on higher expenses and lower engineering revenue.
UPDATE: Yanlord Land launches mandatory offer for UEL after stake rises to 35 percent
Yanlord Land said Friday it launched a mandatory conditional offer of S$2.60 a share for UEL after acquiring shares in a subsidiary from Perennial UW and Heng Yue.
iFAST China and Raffles Family Office enter joint venture to target China’s wealthy
iFAST China has entered a joint venture with RFO Holdings to target China’s ultra high net worth market, the fintech platform company said Friday.
CapitaLand Retail China Trust reports 3Q19 net property income rose 12 percent, beating Daiwa forecast
CapitaLand Retail China Trust reported Friday its 3Q19 net property income increased 11.9% on-year to S$41.11 million; the results beat a Daiwa forecast.
Sasseur REIT’s manager settles claim over Sasseur Hefei construction
Sasseur REIT’s manager said Thursday Sasseur Hefei has reached a settlement with ZS2 in a dispute over construction costs.
CapitaLand and City Developments set to preview Sengkang Grand Residences project
CapitaLand and City Developments said Wednesday the preview of their Sengkang Grand Residences project’s sales gallery will begin Friday.
UPDATE: Mapletree Logistics Trust private placement meets strong demand, prices at top of range
Mapletree Logistics Trust said Wednesday its private placement of 154.61M new units met with strong demand and priced at the top of its indicative range.
UPDATE: Singapore stocks to watch Wednesday: Keppel, UOB, Mapletree Industrial Trust, Singtel, AA REIT
These are Singapore companies which may be in focus on Wednesday, 22 October 2019: Keppel, Temasek, UOB, Mapletree Industrial Trust, Singtel and AA REIT.
UBS: Market focused on Keppel restructuring scenarios
Temasek’s bid to increase its stake in Keppel Corp. will push the market to focus on multiple restructuring scenarios, UBS said in a note Monday.
Keppel shares surge after Temasek makes partial bid
Keppel’s shares surged Tuesday after Temasek launched a S$7.35 a share bid to increase its stake in the property and rig building conglomerate.
Mapletree Logistics Trust launches private placement to raise around S$250 million
Mapletree Logistics Trust launched a private placement of 154.61 million to 158.33 million new units to raise around S$250 million, the REIT said Tuesday.
Mapletree Logistics Trust reports fiscal 2Q net property income rose 21 percent
Mapletree Logistics Trust reported Monday its fiscal 2Q net property income rose 21% on-year to S$109.13M, coming in slightly ahead of a Daiwa forecast.
Mapletree Logistics Trust enters deal to acquire 7 properties for around S$384 million
Mapletree Logistics Trust said Monday it plans to acquire seven logistics properties across Malaysia, Vietnam and China for around S$383.9 million.