Malaysia auto dealership operator MeGroup said Monday its Honda dealership in Cheras obtained 4S approval, while its first Hyundai dealership has opened.
These are Singapore companies which may be in focus on Wednesday, 9 October 2019: Comfort DelGro, SBS Transit, Hi-P, Fraser & Neave and Sembcorp.
Hi-P International said Tuesday it entered a deal to acquire Singapore-based plastics manufacturer SEAMCO for US$31 million.
MeGroup plans to acquire another 25 percent of Honda dealership operator MJN Motors for up to MYR3.75M, the Malaysian car dealership operator said Friday.
These are Singapore companies which may be in focus on Monday, 9 Sept 2019: Keppel Pacific Oak US REIT, Frasers Centrepoint Trust, Sembcorp and Singtel.
These are Singapore companies which may be in focus on Tuesday, 3 August 2019: Sunpower Group, CSE Global, CRCT, Venture and Vividthree Holdings.
Creative Technology reported Wednesday it swung to a fiscal 4Q net loss of US$2.82M on year-earlier litigation gains and lower sales.
These are Singapore companies which may be in focus on Wednesday, 21 August 2019: Singtel, Frasers Logistics, Venture, Eagle Hospitality Trust and Spackman.
These are Singapore stocks which may be in focus on Tuesday, 20 August 2019: Venture, Keppel REIT and Spackman Entertainment.
Venture Corp. reported Thursday its second quarter net profit fell 7 percent on-year to S$90.81 million amid higher depreciation costs and as margins fell.
Hi-P reported Thursday its second quarter net profit rose 16.9% on-year to S$14.38M as a change in product mix and better cost management boosted margins.
These are Singapore companies which may be in focus on Thursday, 25 July 2019: HPHT, Swiber, Oxley, Sunpower, Venture and Prime US REIT.
These are Singapore companies which may be in focus on Wednesday, 24 July 2019: Mapletree Industrial Trust, Frasers Centrepoint Trust, Sembcorp and Venture.
These are Singapore companies which announced share buybacks on Friday, 12 July 2019: Venture, Olam, Straits Trading and Global Palm Resources.
Contract manufacturer Hi-P guided Thursday for lower revenue, but higher profit for the second quarter, compared with the second quarter of 2018.
MeGroup said Monday it was issued a letter of appointment (LOA) Sime Darby Auto Connexion to operate its first Ford dealership.
Maybank KimEng upgraded contract manufacturer Hi-P to Hold from Sell, saying the negatives are priced in after the stock’s 22 percent drop since late April.
Maybank KimEng upgraded Venture to Buy from Hold, saying the around 18 percent drop in its share price since late April has created an entry point.
Creative Tech said Thursday it would work with OEM computer maker Clevo to include its Super X-Fi sound technology in the Taiwan company’s gaming laptops.
Daiwa started coverage of Venture at Outperform with a S$17.90 target price, pointing to its transition toward integrating R&D services.
Any benefit to Venture from the U.S. FDA approval of the IQOS heated tobacco device likely won’t show up at the bottom line until 2020, UOB KayHian said.
Hi-P reported Thursday 1Q19 net profit rose 5.8% on-year to S$10.7M despite pricing pressures and a shift toward a lower-margin product mix.
Creative Technology reported Tuesday a fiscal 3Q net profit of US$10.03M, swinging from a year-ago net loss, amid gains from a patent lawsuit settlement.
Maybank KimEng downgraded Venture to Hold from Buy in a note on Friday, pointing to the cautious outlook the company provided with its earnings.
Venture reported Thursday its 1Q19 net profit rose 8.6 percent on-year to S$90.9 million on broad-based growth in its technology portfolio.
MeGroup said Tuesday it obtained rights to operate a Hyundai 3S automobile dealership in Klang, Selangor, from Hyundai-Sime Darby Motors.
Hi-P Tuesday issued profit guidance for the first quarter of 2019 revenue and profit to come in similar to levels in the first quarter of 2018.
These are Singapore companies likely to be in focus on Monday, 15 April 2019: UIC, OUE, Yangzijiang, Keppel, Ezion and Yongnam.
Maybank KimEng said on Monday that shares of Hi-P International were overvalued after gaining 47 percent since posting its earnings in late February.
These are Singapore companies which may be in focus on Friday, 5 April 2019: Hyflux, Frasers Property, CapitaLand Mall Trust and Uni-Asia.
These are Singapore companies which may be in focus on Wednesday, 3 April 2019: Keppel REIT, Singtel, DeClout and Addvalue Technologies.
MeGroup said Wednesday it would buy an additional 25 percent of subsidiary MJN Motors, which owns and operates its Honda dealerships.
These are Singapore companies which may be in focus on Monday, 1 April 2019: Swiber, SIA Engineering, Hyflux, Singapore Airlines and CapitaLand.
These Singapore companies may be in focus on Thursday, 14 March 2019: China Jinjiang Environment, Yanlord, Starhill Global REIT and Reclaims Global.
These are Singapore companies which may be in focus on Tuesday, 12 March 2019: SATS, Wilmar, Hyflux, Reclaims Global and Accordia Golf Trust.
MeGroup said Monday it started to produce NVH components in January for the air-conditioning industry as an approved supplier of Johnson Controls Hitachi.
Maybank KimEng upgraded Hi-P International to Hold from Sell, saying the worst appeared to be over, but that earnings growth this year might be limited.
These are Singapore companies which may be in focus on Monday, 25 February 2019: Venture, Halcyon Agri and Chip Eng Seng.
Contract manufacturer Venture Corp. reported on Friday its 4Q18 net profit fell 24.7 percent on-year to S$107.7 million, but beat some analysts forecasts.
These are Singapore companies which may be in focus on Friday, 22 February 2019: OCBC, UOB, Wilmar, Genting Singapore, Hi-P and Roxy-Pacific.