Straits Times Index to add Mapletree Logistics Trust, cut Golden Agri
After the quarterly review, the STI will remove Golden Agri as a constituent and add Mapletree Logistics Trust, FTSE Russell said Thursday.
Palm oil
UPDATE: Singapore stocks to watch Monday: Ascendas REIT, palm oil, CityDev, IREIT, OCBC, Lendlease REIT, SingPost
These are Singapore companies which may be in focus Monday, 4 November 2019: Ascendas REIT, CityDev, IREIT, OCBC and Lendlease Global Commercial REIT.
Environmental group alleges Roundtable on Sustainable Palm Oil is ‘greenwashing’
The Environmental Investigation Agency (EIA) alleged Sunday the Roundtable on Sustainable Palm Oil gives false environmental credibility to its members’ products.
Global Palm Resources issues profit warning
Global Palm Resources warned Thursday it expected to report a net loss after income tax for the third quarter.
Indofood Agri reports 3Q19 net loss as palm oil prices fell
Indofood Agri reported Thursday it swung to a 3Q19 net loss of 126 billion rupiah from a year-ago net profit as crude palm oil and palm kernal prices fell.
Wilmar forms two new subsidiaries for electricity and for trading agricultural products
Wilmar said Friday it has formed two new subsidiaries, one in China for generating electricity, and the other in Senagal for trading agricultural products.
UPDATE: Singapore stocks to watch Thursday: Lendlease Global REIT, F&N, ThaiBev, KIT, GuocoLand, Wilmar
These are Singapore companies which may be in focus on Thursday, 26 September 2019: Lendlease Global Commercial REIT, F&N, Thai Beverage and GuocoLand.
UPDATE: Singapore stocks to watch Friday: UOB, MUST, palm oil players, Sunpower, TEE Intl, Fortune REIT
These are Singapore companies which may be in focus on Friday, 20 September 2019: UOB, MUST, Sunpower, Fortune REIT, POSH and TEE International.
Sime Darby Plantations: The haze isn’t our fault
Simon Lord, chief sustainability officer at Malaysian palm-oil producer Sime Darby Plantation, had a message on Wednesday: It’s not our fault.
Wilmar downgraded by Maybank KE on African swine flu disruption
Maybank KimEng downgraded Wilmar to Hold from Buy, pointing to the disruption from an outbreak of African swine flu in China.
Golden Agri reports 2Q19 net loss widens as palm oil prices fall
Golden Agri reported Wednesday its 2Q19 net loss widened to US$64.70M, from a net loss of US$39.02M in the year-ago quarter as palm oil prices dropped.
Wilmar reports 2Q19 net profit dropped 52 percent, missing forecast from UOB KayHian
Wilmar reported Tuesday its 2Q19 net profit dropped 52.3% on-year, partly on lower soybean crush margins and on weaker performance from the sugar division.
Wilmar plans to list 10 percent of YKA on ChiNext
Wilmar said Tuesday it planned to list a 10 % stake in its China operations, Yihai Kerry Arawana, on the ChiNext board of the Shenzhen Stock Exchange.
Kencana Agri warns it expects to report 2Q19 net loss
Kencana Agri warned Friday it expects to report a second quarter net loss, mainly on low crude palm oil prices.
Global Palm Resources warns it expects 2Q19 net loss
Global Palm Resources warned Wednesday it expects to report a net loss for 2Q19, mainly on a drop in the sales volume and prices of crude palm oil.
Indofood Agri reports 2Q19 net loss widened as palm oil prices fell
Indofood Agri reported Wednesday its 2Q19 net loss widened to IDR216.54B from IDR68.60B in the year-ago period on lower selling prices for palm products.
UPDATE: Singapore stocks to watch Friday: ST Engineering, Suntec REIT, Wilmar, MCT, Sunpower
These are Singapore companies which may be in focus on Friday, 26 July 2019: ST Engineering, Wilmar, Mapletree Commercial Trust and Sunpower.
Bumitama Agri issues 700 million ringgit Islamic medium term notes
Bumitama Agri has issued 700 million ringgit of Islamic medium-term notes (IMTN) in two tranches, the palm oil producer said in a filing to SGX Monday.
Singapore share buybacks Friday: Venture, Olam, Straits Trading, Global Palm
These are Singapore companies which announced share buybacks on Friday, 12 July 2019: Venture, Olam, Straits Trading and Global Palm Resources.
Wilmar: China’s securities regulators accept subsidiary YKA’s application for IPO
China securities regulators accepted an application from Wilmar’s 99.99%-owned subsidiary YKA for a proposed Shenzhen IPO, the commodity trader said Friday.