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.
Singapore share buybacks Friday: Olam, Global Palm, KSH, Singapore Shipping
These are Singapore companies which announced share buybacks on Friday, 5 July 2019: Olam International, Global Palm Resources and KSH Holdings.
Wilmar started at Buy by Maybank KE as a shelter against US trade war
“Fighting won’t stop you from eating,” the brokerage said in a note Friday.
UPDATE: Singapore stocks to watch Monday: Banks, CapitaLand, Temasek, Keppel, SIA, Suntec REIT
These are Singapore companies that may be in focus on Monday, 1 July 2019: Banks, Temasek, Singapore Airlines and Hyflux.
UDPATE: Singapore share buybacks Thursday: OCBC, Olam, Stamford Land, KSH, Global Palm, Jardine Strategic
These are Singapore companies which announced share buybacks on Thursday, 27 June 2019: OCBC, Olam, Stamford Land, KSH and Global Palm Resources.
Singapore share buybacks Wednesday: OCBC, Olam, Japfa, Stamford Land, Global Palm
These are Singapore companies which announced share buybacks Wednesday, 26 June 2019: OCBC, Olam, Japfa, Stamford Land and Global Palm Resources.
Takeover bid for Indofood Agri lapses
Indofood Sukses Makmur’s takeover bid for Indofood Agri lapsed Tuesday after failing to get enough shareholder acceptances, the Indonesia-listed company said.
Singapore stocks to watch Tuesday: City Developments, Wilmar, CRCT, Sim Leisure
These are Singapore companies which may be in focus on Tuesday, 25 June 2019: City Developments, Wilmar, CRCT and Sim Leisure.
Singapore share buybacks Monday: OCBC, Olam, Stamford Land, Koufu, Global Palm
These are Singapore companies which announced share buybacks on Monday, 24 June 2019: OCBC, Olam, Stamford Land, Koufu and Global Palm Resources.
Singapore share buybacks Wednesday: OCBC, Olam, Keppel REIT, Global Palm, Stamford Land
These are Singapore companies which announced share buybacks Wednesday, 19 June 2019: OCBC, Olam, Keppel REIT, Stamford Land and Global Palm Resources.
Singapore stocks to watch Wednesday: Fund manager survey, Sembcorp, SGX, CapitaLand, Hyflux
These are Singapore companies which may be in focus Wednesday, 19 June 2019: BofA-ML fund manager survey, Sembcorp Industries, SGX, CapitaLand and Hyflux.
Financial Adviser: Indofood Agri takeover bid ‘not fair but reasonable’
The S$0.3275 a share takeover bid for Indofood Agri is “not fair but reasonable,” the independent financial adviser for recommending directors has said.
UPDATE: Singapore stocks to watch Wednesday: Temasek, Sembcorp, Gallant, OCBC, UOB, OUE
These are Singapore companies which may be in focus on Wednesday, 11 June 2019: Temasek, Sembcorp, Gallant, OUE, China Jinjiang Environment, OCBC and UOB.
Singapore share buybacks Friday: Olam, Raffles Medical, Global Palm Resources
These are Singapore companies which announced share buybacks on Friday, 7 June 2019: Olam International, Raffles Medical and Global Palm Resources.
Wilmar unit enters joint venture deal with Associated British Foods
Wilmar said Monday it entered a deal to form a 50:50 joint venture in China with Associated British Foods for yeast and bakery ingredients.
UPDATE: Singapore stocks to watch Monday: Keppel, CapitaLand, CMT, Genting Singapore, ST Engineering
These are Singapore stocks which may be in focus on Monday, 3 June 2019: Genting Singapore, ST Engineering, OUE, SPH and Perennial.
Wilmar acquires 6 percent effective stake in Pakistan’s Unity Foods
Wilmar has acquired a 5.73 percent economic interest in Pakistan-listed Unity Foods, the agri-business company said in an SGX filing Friday.
UPDATE: Singapore stocks to watch Friday: F&N, ThaiBev, CapitaLand, KIT, ESR, Sabana REIT
These are Singapore companies which may be in focus on Friday, 24 May 2019: Fraser and Neave, Thai Beverage, Keppel Infrastructure Trust and ESR.
First Resources reports 1Q19 net profit dropped 56 percent as palm oil prices fell
First Resources reported Wednesday its 1Q19 net profit dropped 55.7 percent on-year to US$12.29 million on weaker crude palm oil prices.
Kencana Agri swings to 1Q19 net profit on fair-value gain
Kencana Agri reported Tuesday it swung to a 1Q19 net profit of US$602,000 on fair value gains on biological assets and the stronger Indonesian rupiah.
Bumitama Agri reports 1Q19 net profit dropped 52 percent on palm oil price decline
Bumitama Agri reported Tuesday its first quarter net profit dropped 52.3 percent to 110.61 billion rupiah as crude palm oil (CPO) prices declined.