Pine Capital subsidiary starts legal proceedings against two former directors
Pine Capital said Monday its subsidiary, ACPAM, has started legal proceedings against two of its former directors, Wang Meng and Pan Ki Ro.
Financials & Banks
Yoma to enter JV with AC Energy for Myanmar renewable energy projects
Yoma Strategic has entered a tie-up with AC Energy to develop renewable energy projects in Myanmar via Yoma Micro Power (S), the two companies Monday.
UOB enters Vietnam joint venture with VIG to develop loyalty-program services
UOB said Friday it entered a JV with VI Fund III, or VIG, to set up a subsidiary in Vietnam to develop digital loyalty program services for companies.
ING sets first sustainability-improvement financing for Singapore private-equity fund
ING has set sustainability-linked financing for Singapore-based private equity fund Quadria Capital Fund II, the Dutch investment bank said Friday.
SGX September commodity derivatives trade rises amid trade war concerns
SGX reported Friday its September commodities derivatives volume climbed as price volatility in physical markets spurred demand for risk-management tools.
UPDATE: Singapore stocks to watch Thursday: Frasers Property, Keppel DC REIT, SGX, SembMarine, POSH
These are Singapore companies which may be in focus on Thursday, 10 October 2019: Frasers Property, Keppel DC REIT, SGX, SembMarine and POSH.
UPDATE: Singapore stocks to watch Monday: Keppel, Lendlease Global REIT, OCBC, Kingsmen, MeGroup
These are Singapore companies which may be in focus on Monday, 7 October 2019: Keppel, Lendlease Global Commercial REIT, OCBC and Kingmen Creatives.
DBS: Where to boldly go for income in a zero- and negative-yield world
DBS Bank Chief Investment Officer Hou Wey Fook said Thursday he’s making a “bold call” on where to look for income: European oil majors.
Sunvic Chemical subsidiary receives demands to repay 166 million yuan in loans
Sunvic Chemical said Wednesday its wholly owned subsidiary Jiangsu Jurong Chemical has received letters of demand for outstanding loans totaling CNY166.1M.
SGX to set price collars for opening, midday and closing auctions
SGX said Thursday it plans to introduce price collars during the opening, midday and closing auctions to minimize the risk of severe price movements.
UPDATE: Singapore stocks to watch Monday: SGX, SingPost, POSH, Keppel DC REIT, Chip Eng Seng
These are Singapore companies which may be in focus on Monday, 23 September 2019: SGX, SingPost, POSH, Keppel DC REIT and UOL.
UOB becomes first foreign bank to open branch in Zhongshan
UOB became the first foreign bank to open a branch in Zhongshan City in China’s Guangdong Province, the Singapore bank said Thursday.
Singapore Deputy PM Heng: Asia remains committed to free trade
The U.S. trade war with China may be drawing unstable lines in the sand, but Singapore’s Deputy PM Heng said Thursday Asia remained committed to free trade.
London Stock Exchange unequivocally rejects HKEx takeover bid
The London Stock Exchange unequivocally rejected HKEx’s around 29.6 billion pound takeover bid, saying it had “fundamental concerns” about the proposal.
UPDATE: Singapore stocks to watch Friday: CityDev, GuocoLand, Cromwell European REIT, CapitaLand, Sakae, SGX
Singapore companies which may be in focus on Friday, 12 September 2019: GuocoLand, Cromwell European REIT, CapitaLand, TEE International, SGX and Sakae.
Maybank KimEng: What matters most for Singapore banks’ non-performing loans
Overseas lending, particularly business loans, is a key variable in determining whether Singapore banks’ NPLs tick higher, Maybank KimEng said.
UPDATE: Singapore stocks to watch Thursday: SGX, HKEx, Sembcorp, Keppel DC REIT, Sunpower, Synagie
These are Singapore companies and news which may be in focus on Thursday, 12 September 2019: HKEx, SGX, Keppel DC REIT, Sunpower Group and Synagie.
UPDATE: HKEx makes 30 billion pound bid to acquire London Stock Exchange
HKEx said Wednesday it made an around GBP29.6B takeover bid for the London Stock Exchange, potentially combining Europe and Asia’s largest financial centers.
SGX inks deal for greater cooperation with Chongqing financial bureau
SGX said Wednesday it entered a deal for deeper cooperation with Chongqing Municipal Financial Regulatory Bureau to encourage capital flows.
UPDATE: SGX posts August commodity derivative volumes jumped 91 percent
Trading volume of commodity derivatives surged 91% on-year in August to 2.74 million contracts as markets remained jittery, Singapore Exchange said Tuesday.
RHB: DBS earnings to face squeeze if Fed cuts rates again
DBS’s NIM is set to narrow in the quarters ahead, pinching earnings, as the Fed appears set to cut rates at least once more, RHB said in a note Friday.
UPDATE: Singapore stocks to watch Friday: Mapletree Commercial, HPHT, DBS, Keppel-KBS US REIT
These are Singapore companies which may be in focus on Friday, 6 September 2019: Mapletree Commercial Trust, HPHT, DBS and Keppel-KBS US REIT.
City Developments obtains S$250 million sustainable development loan from DBS
City Developments said Wednesday it has received a S$250 million loan based on the U.N. Sustainable Development Goals (SDG) from DBS.
UOB Asset Management completes acquisition of PGAM stake
UOB Asset Management said Wednesday it completed the acquisition of a 75% stake in Indonesia-based PGAM, expanding its regional network an eighth Asian market.
UOB, BNP Paribas to coordinate US$200M green club loan facility for Agricultural Bank of China
UOB and BNP Paribas said Tuesday they were joint advisers and coordinators for a US$200M green club loan facility for Agricultural Bank of China’s Singapore branch.
UPDATE: Singapore stocks to watch Monday: DBS, Keppel, SembMarine, BreadTalk, Frasers Property
These are Singapore companies which may be in focus on Monday, 2 September 2019: DBS, Frasers Property, Ascott Residence Trust and CRCT.
UOB prices US$500 million covered bonds due 2022
UOB prices US$500 million in 1.625 percent covered bonds due 2022 at 99.694 percent of the principal amount, the bank said in a filing to SGX Friday.
Silverlake Axis lands contract from Malaysia credit card provider
Silverlake Axis said Thursday it obtained a contract to replace the legacy systems of an established Malaysian consumer credit card provider.
Silverlake Axis to hold around 44 percent of Finzsoft after exiting joint venture
Silverlake Axis said Wednesday it will hold around 43.59% of Finzsoft after exiting the joint venture, Silverlake HGH (SHGH), which had owned the stake.
Singapore share buybacks Monday: DBS, SPH, Yangzijiang, Maxi-Cash, Stamford Land
These are Singapore companies which announced share buybacks on Monday, 26 August 2019: DBS, Yangzijiang, SPH, Stamford Land and Maxi-Cash.
Silverlake Axis reports fiscal 4Q net profit jumped 86 percent
Silverlake Axis reported Friday its fiscal 4Q net profit jumped 86% on-year to 67.45M ringgit as the project-related segment contributed significantly.
Silverlake Axis lands 8 upgrade and enhancement projects totaling around 40 million ringgit
Silverlake Axis said Friday it secured eight core banking upgrade and enhancement projects from existing customers in the fiscal fourth quarter.
Singapore share buybacks Friday: Yangzijiang, ST Engineering, HRnetGroup, Stamford Land
These are Singapore companies which announced share buybacks on Friday, 23 August 2019: ST Engineering, Yangzijiang, Maxi-Cash and Stamford Land.
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.
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: OCBC in talks with Singtel on virtual bank licenses: Bloomberg
OCBC is in talks with Singtel and others about seeking one of Singapore’s planned virtual banking licenses, Bloomberg reported Wednesday, citing sources.
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.
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.
SGX posts jump in July futures volume as US trade war fuels demand
SGX said Thursday its futures volume climbed in July as the escalating trade war fueled demand for risk management in commodities and foreign-exchange.
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.