AFC to distribute AF Global shares to Aspial and Fragrance
AFC, a 50:50 JV between Aspial and Fragrance, has proposed distributing the 881.38 million AF Global shares it holds to the joint venture partners.
Consumer
Singapore share buybacks Thursday: Yangzijiang, ST Engineering, Maxi-Cash, Stamford Land
These are Singapore companies which announced share buybacks on Thursday, 22 August 2019: Yangzijiang, ST Engineering, Maxi-Cash and Stamford Land.
Sushi restaurateur Sakae Holdings warns of fiscal year loss
Sushi restaurateur Sakae Holdings warned Thursday it expected to report a loss for the fiscal year ended 30 June, largely due to a goodwill impairment.
UPDATE: Singapore stocks to watch Thursday: Keppel, Soilbuild REIT, Creative Tech, OCBC, Singtel
These are Singapore companies which may be in focus on Thursday, 22 August 2019: Keppel, Soilbuild REIT, OCBC, Singtel, Yangzijiang and Creative Technology.
UPDATE: Singapore stocks to watch Wednesday: Singtel, Frasers Logistics, Venture, Eagle Hospitality
These are Singapore companies which may be in focus on Wednesday, 21 August 2019: Singtel, Frasers Logistics, Venture, Eagle Hospitality Trust and Spackman.
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.
Synagie to manage brand stores for Lazada in Southeast Asia
Synagie said Tuesday it entered a deal to manage and operate brand stores for Lazada on the online retailer’s marketplaces in Southeast Asia.
UPDATE: Singapore stocks to watch Tuesday: Venture, Keppel REIT, Frasers Logistics, Spackman
These are Singapore stocks which may be in focus on Tuesday, 20 August 2019: Venture, Keppel REIT and Spackman Entertainment.
UPDATE: Analyst Briefings: Thai Beverage fiscal 3Q earnings
Thai Beverage reported its fiscal third quarter net profit climbed 26 percent on-year. These are analysts’ calls on the results.
Thai Beverage downgraded by RHB despite fiscal 3Q results beating forecasts
RHB downgraded Thai Beverage to Take Profit from Buy, saying share price has “performed well” so far this year and is now fairly priced.
Sasseur REIT transfers undeveloped Kunming land parcel to sponsor
Sasseur REIT has transferred a 116,432 square meter undeveloped land parcel in Kunming to its sponsor, Sasseur Cayman, the REIT’s manager said Friday.
Thai Beverage incorporates two subsidiaries in Hong Kong
Thai Beverage said Friday its subsidiary International Beverage Holdings incorporated two subsidiaries in Hong Kong: Chang HK and International Breweries.
UPDATE: Singapore stocks to watch Friday: SIA, Frasers Property, Jardine C&C, CRCT, Cromwell European REIT
These are Singapore companies which may be in focus on Friday, 16 August 2019: Singapore Airlines, Frasers Property, Jardine Cycle & Carriage and CRCT.
Spackman Entertainment reports 2Q19 loss as film production costs rose
Spackman Entertainment reported Wednesday a 2Q19 net loss of US$1.53 million, 1 percent narrower on-year, as film production costs rose.
Old Chang Kee fiscal 1Q profit after tax drops 53 percent
Old Chang Kee reported Wednesday its profit after tax dropped 52.6 percent on-year to S$593,000 on changes to accounting for leases and lower revenue.
UPDATE: Thai Beverage reports fiscal 3Q net profit climbed 26 percent
Thai Beverage reported Wednesday its fiscal 3Q net profit climbed 26 percent on-year on higher contributions from the food, beer and spirits segments.
No Signboard: Turning cautious on new brands after shuttering Hawker QSR
No Signboard Holdings said it wouldn’t launch any new dining brands after shuttering its three Hawker QSR outlets after less than a year.
UPDATE: Singapore stocks to watch Wednesday: Wilmar, ComfortDelGro, MUST, Yanlord, OUE, Accordia Golf
These are Singapore stocks which may be in focus on Wednesday, 14 August 2019: Wilmar, ComfortDelGro, MUST, Yanlord, OUE and Accordia Golf.
BreadTalk announces resignation of CEO Chu
BreadTalk said Wednesday CEO Chu Heng Hwee would resign, effective 31 December, with Executive Chairman George Quek Meng Tong set to take over the CEO role.
Maybank KE expects Sasseur REIT to show growth momentum into 2H19
Sasseur REIT was set to continue its growth momentum in 2H19 after beating its IPO projections for a fifth straight quarter, Maybank KE said.
Japan Foods enters joint venture to launch Konjiki Hototogisu brand in Hong Kong
Japan Foods said Thursday it entered a JV with Ajisen Investments to operate Japanese ramen restaurants under the Konjiki Hototogisu in Hong Kong.
Maxi-Cash reports 2Q19 net profit dropped 20 percent amid lower retail sales
Maxi-Cash reported Thursday its 2Q19 net profit dropped 20% on-year to S$2.80M amid lower sales from the retail of jewelry and branded merchandise.
No Signboard to end Hawker QSR restaurant operations
No Signboard Holdings said Thursday it would cease the operations of its Hawker QSR restaurants due to continuing losses.
UPDATE: Singapore stocks to watch Thursday: Singtel, CityDev, F&N, Halcyon Agri, Koufu, Noble
These are Singapore companies which may be in focus on Thursday, 8 August 2019: Fraser and Neave, Halcyon Agri, Koufu, Kimly and Noble.
Kimly post fiscal 3Q net profit fell 6 percent on higher expenses
Singapore-style coffee shop operator Kimly reported Wednesday its fiscal 3Q net profit fell 6% on-year to S$4.69M despite higher revenue as expenses rose.
Fraser and Neave reports fiscal 3Q net profit increased 9 percent on soft drink boost
Fraser and Neave reported Wednesday its fiscal third quarter net profit increased 9 percent on-year to S$54.83 million on higher soft drink and dairy sales.
Koufu posts 2Q19 net profit climbed 16 percent after Marina Bay Sands food court reopening
Koufu reported Wednesday 2Q19 net profit increased 16.2% on-year on stronger contributions from both the outlet and mall management and F&B retail segments.
JUMBO reports fiscal 3Q net profit dropped 25 percent
Chili crab purveyor JUMBO reported Tuesday its fiscal 3Q net profit dropped 24.8% on-year to S$1.66M amid higher expenses for opening new restaurants.
