AFC to distribute AF Global shares to Aspial and Fragrance
AFC, a 50:50 JV between Aspial and Fragrance, has proposed distributing the 881.38 million AF Global shares it holds to the joint venture partners.
Retail
Singapore share buybacks Thursday: Yangzijiang, ST Engineering, Maxi-Cash, Stamford Land
These are Singapore companies which announced share buybacks on Thursday, 22 August 2019: Yangzijiang, ST Engineering, Maxi-Cash and Stamford Land.
Sushi restaurateur Sakae Holdings warns of fiscal year loss
Sushi restaurateur Sakae Holdings warned Thursday it expected to report a loss for the fiscal year ended 30 June, largely due to a goodwill impairment.
UPDATE: Singapore stocks to watch Thursday: Keppel, Soilbuild REIT, Creative Tech, OCBC, Singtel
These are Singapore companies which may be in focus on Thursday, 22 August 2019: Keppel, Soilbuild REIT, OCBC, Singtel, Yangzijiang and Creative Technology.
UPDATE: Singapore stocks to watch Wednesday: Singtel, Frasers Logistics, Venture, Eagle Hospitality
These are Singapore companies which may be in focus on Wednesday, 21 August 2019: Singtel, Frasers Logistics, Venture, Eagle Hospitality Trust and Spackman.
Synagie to manage brand stores for Lazada in Southeast Asia
Synagie said Tuesday it entered a deal to manage and operate brand stores for Lazada on the online retailer’s marketplaces in Southeast Asia.
Sasseur REIT transfers undeveloped Kunming land parcel to sponsor
Sasseur REIT has transferred a 116,432 square meter undeveloped land parcel in Kunming to its sponsor, Sasseur Cayman, the REIT’s manager said Friday.
UPDATE: Singapore stocks to watch Friday: SIA, Frasers Property, Jardine C&C, CRCT, Cromwell European REIT
These are Singapore companies which may be in focus on Friday, 16 August 2019: Singapore Airlines, Frasers Property, Jardine Cycle & Carriage and CRCT.
UPDATE: Singapore stocks to watch Thursday: ThaiBev, YZJ, Sembcorp, OUE, Accordia Golf, No Signboard
These are Singapore companies which may be in focus on Thursday, 15 August 2019: Thai Beverage, Yangzijiang, Sembcorp, OUE and Accordia Golf.
Old Chang Kee fiscal 1Q profit after tax drops 53 percent
Old Chang Kee reported Wednesday its profit after tax dropped 52.6 percent on-year to S$593,000 on changes to accounting for leases and lower revenue.
No Signboard: Turning cautious on new brands after shuttering Hawker QSR
No Signboard Holdings said it wouldn’t launch any new dining brands after shuttering its three Hawker QSR outlets after less than a year.
UPDATE: Singapore stocks to watch Wednesday: Wilmar, ComfortDelGro, MUST, Yanlord, OUE, Accordia Golf
These are Singapore stocks which may be in focus on Wednesday, 14 August 2019: Wilmar, ComfortDelGro, MUST, Yanlord, OUE and Accordia Golf.
BreadTalk announces resignation of CEO Chu
BreadTalk said Wednesday CEO Chu Heng Hwee would resign, effective 31 December, with Executive Chairman George Quek Meng Tong set to take over the CEO role.
Maybank KE expects Sasseur REIT to show growth momentum into 2H19
Sasseur REIT was set to continue its growth momentum in 2H19 after beating its IPO projections for a fifth straight quarter, Maybank KE said.
Japan Foods enters joint venture to launch Konjiki Hototogisu brand in Hong Kong
Japan Foods said Thursday it entered a JV with Ajisen Investments to operate Japanese ramen restaurants under the Konjiki Hototogisu in Hong Kong.
Maxi-Cash reports 2Q19 net profit dropped 20 percent amid lower retail sales
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.
UOL Group reports 2Q19 net profit climbed 48 percent on higher fair value gains
UOL Group posted second quarter net profit increased 48 percent on-year to S$195.38 million on higher fair value gains on investment properties.
No Signboard to end Hawker QSR restaurant operations
No Signboard Holdings said Thursday it would cease the operations of its Hawker QSR restaurants due to continuing losses.
UPDATE: Singapore stocks to watch Thursday: Singtel, CityDev, F&N, Halcyon Agri, Koufu, Noble
These are Singapore companies which may be in focus on Thursday, 8 August 2019: Fraser and Neave, Halcyon Agri, Koufu, Kimly and Noble.
OUE Commercial REIT 2Q19 net property income jumped 20 percent
OUE Commercial REIT reported Wednesday its 2Q19 net property income jumped 20.1% on-year to S$40.75M, mainly on the acquisition of OUE Downtown Office.
Koufu posts 2Q19 net profit climbed 16 percent after Marina Bay Sands food court reopening
Koufu reported Wednesday 2Q19 net profit increased 16.2% on-year on stronger contributions from both the outlet and mall management and F&B retail segments.
OUE Hospitality Trust reports 2Q19 net property income fell 5 percent
OUE Hospitality Trust reported Tuesday its 2Q19 net profit income declined 4.5% on-year amid lower contributions from the hospitality and retail segments.
JUMBO reports fiscal 3Q net profit dropped 25 percent
Chili crab purveyor JUMBO reported Tuesday its fiscal 3Q net profit dropped 24.8% on-year to S$1.66M amid higher expenses for opening new restaurants.
No Signboard swings to fiscal 3Q net loss
No Signboard Holdings reported Tuesday its fiscal third quarter swung to a net loss on weak revenue from the seafood restaurants and a drop in beer sales.
UPDATE: Singapore stocks to watch Tuesday: Yangzijiang, NetLink NBN, APAC Realty, Cromwell European REIT
These are Singapore companies which may be in focus on Tuesday, 6 August 2019: Yangzijiang, NetLink NBN, APAC Realty and Cromwell European REIT.
Sasseur REIT reports 2Q19 rental income beat IPO forecasts in yuan terms
Sasseur REIT reported Tuesday its second quarter effective market area (EMA) rental income was 146 million yuan, beating its IPO forecast by 1.3 percent.
Challenger Technologies reports 2Q19 net profit rose 4 percent
Challenger Technologies reported Monday its 2Q19 net profit rose 4% on-year to S$4.17 million amid higher contributions from IT products and services.
UPDATE: Genting Singapore reports 2Q19 net profit dropped 5 percent
Genting Singapore reported Friday its 2Q19 net profit dropped 5 percent on-year to S$168.41 million amid a “significant decline” in the mass-gaming segment.
