Singtel-tied Airtel Africa sets price range for LSE IPO to raise more than S$1 billion
Airtel Africa set the price range Monday for its initial public offering (IPO) at 80 pence to 100 pence a share, the telco said in a filing to the LSE.
Correction
UOB expects to benefit from the US trade war with China
UOB expects to benefit from U.S.-Sino trade tensions, with companies set to diversify their supply chains into Southeast Asia, the bank said Wednesday.
APAC Realty reports fiscal 1Q19 net profit dropped 70 percent amid ‘tepid’ market
APAC Realty reported Monday its 1Q19 net profit dropped 70 percent on-year to S$1.78 million amid a “tepid” property market in Singapore.
UPDATE: Singapore stocks to watch Monday: ThaiBev, Wilmar, Hyflux, SGX, SIA, Accordia Golf Trust
These are Singapore companies which may be in focus on Monday, 10 May 2019: Thai Beverage, Hyflux, SGX, Singapore Airlnes and Accordia Golf Trust.
UPDATE: Singapore stocks to watch Tuesday: Keppel, YZJ, CapitaLand, ART, Ascendas REIT, CityDev
These are Singapore companies which may be in focus on Tuesday, 30 April 2019: Keppel, Yangzijiang, Ascendas REIT and Manulife US REIT.
Keppel prices S$500 million of five- and 10-year notes
Keppel said Monday it priced a total of S$500 million of five- and 10-year notes issued under its US$5 billion multi-currency medium term note program.
CapitaLand divests StorHub self-storage properties for around S$185 million
CapitaLand said Tuesday it divested its StorHub self-storage business, which has a portfolio of 12 properties, for S$185M to an unrelated third party.
UPDATE: Singapore stocks to watch Monday: UIC, OUE, Yangzijiang, Keppel, Ezion, ST Engineering, Heeton
These are Singapore companies likely to be in focus on Monday, 15 April 2019: UIC, OUE, Yangzijiang, Keppel, Ezion and Yongnam.
Hyflux rebuts SM Investments’ allegations on third project
Hyflux Thursday rebutted fresh allegations from its now jilted white knight investor, SM Investments, saying the consortium shouldn’t have been surprised by the deal termination.
Jiutian Chemical: Board believes group can continue as going concern
Juitian Chemical said Wednesday its board believes it can continue as a going concern, in comments following its auditor expressing “material concern.”
Frasers Property obtains S$785 million green club loan for Northpoint City South Wing
Frasers Property said Wednesday it secured a S$785M five-year green club loan to refinance loans for the Northpoint City South Wing mall.
Orchard Towers: When the world’s oldest profession complicates the property market
Orchard Towers, long infamous within Singapore for being zoned for legal prostitution, could soon hit a crossroads, with a large chunk of its retail space on the block.
UPDATE: Singapore stocks to watch Friday: Keppel Infrastructure Trust, Oxley, China Jinjiang
These are Singapore companies which may be in focus on Friday, 15 March 2019: Keppel Infrastructure Trust, Oxley Holdings, China Jinjiang, Courts Asia and Aspial.
Singapore share buybacks Monday: OCBC, Bumitama Agri, Jardine Strategic
These are Singapore companies which announced share buybacks on Monday, 4 March 2019: OCBC, Bumitama Agri and Jardine Strategic.
UPDATE: Thai Beverage fiscal 1Q net profit rises 36 percent as spirits and food revenue increased
Thai Beverage reported Thursday fiscal 1Q net profit rose 35.5 percent on-year as revenue from the spirits, F&N/FPL and food businesses all increased.
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.
No Signboard won’t have to bear cost of erroneous share buyback
Iconic Singapore chili crab restaurateur No Signboard Holdings said on Friday that the company won’t bear the costs of its mishandled share buyback in late January.
CDL Hospitality Trusts 4Q18 net property income fell on divestments
CDL Hospitality Trusts reported on Tuesday its fourth quarter net property income fell 5.4 percent on-year to S$38.41 million on the divestment of two Australian…
UPDATE: Konnectivity: M1 bid price won’t be raised
Konnectivity, the bidder for M1 said on Tuesday that it doesn’t intend to raise its S$2.06 a share offer and that it would extend the…
CORRECTION: CapitaLand Mall Trust 4Q18 net property income rises, beating some forecasts
CapitaLand Mall Trust reported on Wednesday that its net property income for the fourth quarter rose 4.3 percent on-year to S$124.43 million after the acquisition…
China Sunsine 3Q18 net profit jumps 85 percent on higher revenue and margins
Rubber chemical maker China Sunsine Chemical reported on Monday that its third quarter net profit jumped 85 percent on-year to 143.4 million yuan on higher…
Singapore market trends Monday: US dollar weakens after jobs data
Singapore’s shares will start the week with negative leads from Wall Street, while a weaker U.S. dollar may complicate traders’ outlook, especially if there’s reason…
UPDATE: Singapore stocks to watch Monday: Keppel, Ascendas REIT, CityDev, Spackman, Sembcorp Industries
These are the Singapore stocks which may be in focus on Monday, 1 October 2018: Keppel Corp. Keppel Land said on Friday that it raised…
OCBC terminates plan to sell stake in Hong Kong Life Insurance
Correction: This item has been updated to reflect that OCBC indicated the closing conditions were not met by the deadline. OCBC said on Monday that…
Ascendas REIT: To acquire another 26 UK logistics properties for S$459.2 million
Correction: This article has been updated to state that Colliers International Valuation UK had valued the properties at 257.48 million British pounds. Ascendas REIT plans to…