Fraser and Neave ties up with Maxim’s to acquire Starbucks Thailand
F&N said Thursday it tied up with Maxim’s Caterers to acquire Starbucks Coffee (Thailand) in a move to enter Thailand’s retail coffee market.
Food & Beverage
Singapore share buybacks Wednesday: ST Engineering, OCBC, Raffles Medical, Kimly
These are Singapore companies which announced share buybacks on Wednesday, 22 May 2019: ST Engineering, OCBC, Raffles Medical and Kimly.
UPDATE: Singapore share buybacks Tuesday: OCBC, DBS, Kimly, Straits Trading
These are Singapore companies which announced share buybacks on Tuesday, 21 May 2019: DBS, OCBC, Kimly and Straits Trading.
Singapore share buybacks Friday: OCBC, ST Engineering, Keppel REIT, China Sunsine
These are Singapore companies which announced share buybacks on Friday, 17 May 2019: OCBC, ST Engineering, Keppel REIT, China Sunsine Chemical and Kimly.
SATS reports fiscal 4Q net profit fell 24 percent, missing forecast from UOB KayHian
Aviation services provider SATS reported Friday its fiscal 4Q net profit fell 23.7% on-year to S$49.9M, amid higher expenses and year-ago one-off gains.
Singapore share buybacks Thursday: Singtel, OCBC, Kimly, Straits Trading, China Sunsine
These are Singapore companies which announced share buybacks on Thursday, 16 May 2019: Singtel, OCBC, Kimly, Straits Trading and China Sunsine.
Sushi player Sakae swings to fiscal 3Q net loss amid impairment losses
Sushi restaurateur Sakae said Wednesday it swung to a fiscal 3Q net loss of S$6.08 million, from a year-ago net profit of S$306,000, amid impairment losses.
DBS: Thai Beverage’s recovery is on track
DBS said it was sticking with its Buy call on Thai Beverage despite its shares’ strong rally and despite a drop in second quarter net profit.
JUMBO posts fiscal 2Q net profit despite revenue slipping
Iconic Singapore chili crab restaurateur JUMBO reported Tuesday its fiscal 2Q net profit rose 17.6% on-year to S$5.02 million amid higher franchise income.
Thai Beverage downgraded by OCBC on ‘more muted’ spirits outlook
OCBC downgraded Thai Beverage to Hold from Buy after the stock runup and pointed to “tempered” expectations for the spirits business.
Singapore share buybacks Friday: Kimly, Japfa
These are Singapore companies which announced share buybacks on Friday, 10 May 2019: Kimly and Japfa.
No Signboard reports fiscal 2Q net loss on start-up expenses
Iconic chili crab restaurateur No Signboard Holdings reported Friday a net loss of S$337,512 on start-up costs for the hotpot and quick-serve restaurants.
Thai Beverage reports fiscal 2Q net profit fell around 9 percent
Thai Beverage reported Friday its fiscal 2Q net profit fell 8.6% to 6.76B Thai baht on lower net profit from the spirits, food and F&N/FPL businesses.
Singapore share buybacks Thursday: Keppel REIT, Kimly, Japfa
These are Singapore companies which announced share buybacks on Thursday, 9 May 2019: Keppel REIT, Japfa and Kimly.
SATS and PSA set deal to establish sea-air cargo connectivity
Port operator PSA and SATS said Thursday they signed a deal Thursday to provide cargo owners and logistics service providers sea-air connectivity.
Singapore share buybacks Wednesday: Kimly
These are Singapore companies which announced share buybacks on Wednesday, 8 May 2019: Kimly.
Dairy Farm: Southeast Asia sales impacted by store consolidation plan
Supermarket operator Dairy Farm said Wednesday sales and profit in Southeast Asia were impacted by the beginning of the company’s store-consolidation plan.
Koufu downgraded by DBS after stock price run-up
DBS downgraded Koufu to Hold from Buy after the stock’s around 20 percent run-up since the bank started coverage in August.
Kimly’s fiscal 2Q net profit fell 13 percent on higher expenses
Kimly reported Tuesday its fiscal 2Q net profit fell 13.2% on-year to S$4.73 million on higher expenses for headcount increases and higher delivery charges.
Koufu reports 1Q19 net profit rose 12 percent on new food court outlets
Food court operator Koufu reported Monday its 1Q19 net profit increased 12.3% on-year to S$7.0M on the addition of new food courts and new F&B kiosks.
BreadTalk reports 1Q19 net profit rose nearly 12 percent on expansion into new markets
Iconic Singapore bun maker BreadTalk reported Monday its 1Q19 net profit rose 11.5 percent on-year to S$1.3 million on its expansion into new markets.
Singapore share buybacks Friday: Keppel REIT, Duty Free International
These are Singapore companies which announced share buybacks on Friday, 3 May 2019: Keppel REIT and Duty Free International.
UPDATE: Singapore stocks to watch Friday: UOB, Great Eastern, ARA US Hospitality, OUEHT, SembMarine
These are Singapore companies which may be in focus on Friday, 3 May 2019: UOB, SembMarine, Frasers Property, ARA US Hospitality, OUEHT and Great Eastern.
Singapore share buybacks Thursday: Duty Free International
These are Singapore companies which announced share buybacks on Thursday, 2 May 2019: Duty Free International.
UPDATE: No Signboard: CEO placed on arrest amid investigation of share buyback
No Signboard said Thursday the Singapore Police Force informed CEO Lim he was placed on arrest and bail amid “reasonable suspicion” of securities violations.
