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 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 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 has set sustainability-linked financing for Singapore-based private equity fund Quadria Capital Fund II, the Dutch investment bank said Friday.
SGX reported Friday its September commodities derivatives volume climbed as price volatility in physical markets spurred demand for risk-management tools.
These are Singapore companies which may be in focus on Thursday, 10 October 2019: Frasers Property, Keppel DC REIT, SGX, SembMarine and POSH.
These are Singapore companies which may be in focus on Monday, 7 October 2019: Keppel, Lendlease Global Commercial REIT, OCBC and Kingmen Creatives.
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 said Wednesday its wholly owned subsidiary Jiangsu Jurong Chemical has received letters of demand for outstanding loans totaling CNY166.1M.
SGX said Thursday it plans to introduce price collars during the opening, midday and closing auctions to minimize the risk of severe price movements.
These are Singapore companies which may be in focus on Monday, 23 September 2019: SGX, SingPost, POSH, Keppel DC REIT and UOL.
UOB became the first foreign bank to open a branch in Zhongshan City in China’s Guangdong Province, the Singapore bank said Thursday.
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.
The London Stock Exchange unequivocally rejected HKEx’s around 29.6 billion pound takeover bid, saying it had “fundamental concerns” about the proposal.
Singapore companies which may be in focus on Friday, 12 September 2019: GuocoLand, Cromwell European REIT, CapitaLand, TEE International, SGX and Sakae.
Overseas lending, particularly business loans, is a key variable in determining whether Singapore banks’ NPLs tick higher, Maybank KimEng said.
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.
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 said Wednesday it entered a deal for deeper cooperation with Chongqing Municipal Financial Regulatory Bureau to encourage capital flows.
Trading volume of commodity derivatives surged 91% on-year in August to 2.74 million contracts as markets remained jittery, Singapore Exchange said Tuesday.
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.
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 said Wednesday it has received a S$250 million loan based on the U.N. Sustainable Development Goals (SDG) from DBS.
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 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.
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 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 said Thursday it obtained a contract to replace the legacy systems of an established Malaysian consumer credit card provider.
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.
These are Singapore companies which announced share buybacks on Monday, 26 August 2019: DBS, Yangzijiang, SPH, Stamford Land and Maxi-Cash.
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 said Friday it secured eight core banking upgrade and enhancement projects from existing customers in the fiscal fourth quarter.
These are Singapore companies which announced share buybacks on Friday, 23 August 2019: ST Engineering, Yangzijiang, Maxi-Cash and Stamford Land.
These are Singapore companies which announced share buybacks on Thursday, 22 August 2019: Yangzijiang, ST Engineering, Maxi-Cash and Stamford Land.
These are Singapore companies which may be in focus on Thursday, 22 August 2019: Keppel, Soilbuild REIT, OCBC, Singtel, Yangzijiang and Creative Technology.
OCBC is in talks with Singtel and others about seeking one of Singapore’s planned virtual banking licenses, Bloomberg reported Wednesday, citing sources.
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 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 said Thursday its futures volume climbed in July as the escalating trade war fueled demand for risk management in commodities and foreign-exchange.
These are Singapore companies which may be in focus on Thursday, 8 August 2019: Fraser and Neave, Halcyon Agri, Koufu, Kimly and Noble.