UPDATE: OCBC in talks with Singtel on virtual bank licenses: Bloomberg
OCBC is in talks with Singtel and others about seeking one of Singapore’s planned virtual banking licenses, Bloomberg reported Wednesday, citing sources.
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.
Singtel prices US$750 million 10-year notes amid strong demand
Singtel said Wednesday its wholly owned subsidiary Singtel Group Treasury (SGT) has priced US$750 million of 10-year USD-denominated notes at 2.375 percent.
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.
Moody’s rates Singtel’s proposed US dollar notes at A1, with negative outlook
Moody’s said Tuesday it assigned Singtel Group Treasury’s (SGT) proposed 10-year U.S.dollar benchmark notes an A1 rating with a negative outlook.
UPDATE: Singapore stocks to watch Tuesday: Venture, Keppel REIT, Frasers Logistics, Spackman
These are Singapore stocks which may be in focus on Tuesday, 20 August 2019: Venture, Keppel REIT and Spackman Entertainment.
Valuetronics fiscal 1Q net profit fell 3 percent as trade war hits customers
Valuetronics said Wednesday its fiscal 1Q net profit fell 3.1% on-year to HK$48.1M as the U.S. trade war spurs customers to seek production outside China.
Vividthree enters deal to develop Doraemon virtual reality show
Vividthree said Tuesday it entered a deal with Hong Kong-based Animation International to develop the Doraemon Experience (DE), a show combining VR and AR.
Temasek to acquire D’Crypt from StarHub and founders for as much as S$134 million
Temasek entered an agreement to acquire D’Crypt from StarHub and D’Crypt’s founding shareholders, the telco said in a filing to SGX Thursday.
Venture reports 2Q19 net profit fell 7 percent
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.
UPDATE: Singtel posts fiscal 1Q net profit dropped 35 percent, partly on Airtel losses
Singtel posted Thursday its fiscal 1Q net profit dropped 34.9% on-year to S$541 million on losses from Airtel and higher depreciation and amortization.
UPDATE: Singapore stocks to watch Wednesday: CapitaLand, SGX, StarHub, EC World REIT, No Signboard
These are Singapore companies which may be in focus on Wednesday, 7 August 2019: CapitaLand, Perennial, SGX, StarHub, EC World REIT, No Signboard and JUMBO.
EC World REIT net property income fell 7 percent in 2Q19 amid weaker yuan
EC World REIT reported Tuesday its 2Q19 net property income fell 7.2% on-year to S$21.16 million as the Chinese yuan weakened against the Singapore dollar.
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.
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.
Keppel to develop data center in Sydney, Australia
The Alpha Data Centre Fund, managed by Alpha Investment Partners, acquired a plot of land in Sydney to develop a data center, Keppel said Monday.
Hi-P reports 2Q19 net profit rose 17 percent as margins increased
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.
S&P Global revises Singtel and Singtel Optus outlooks to negative
S&P Global Ratings revised Wednesday. the ratings outlook for Singapore Telecommunications and Singtel Optus to negative, citing deteriorating debt metrics.
UPDATE: Singapore stocks to watch Wednesday: CRCT, Frasers Hospitality Trust, CapitaLand, Starhill Global REIT
These are Singapore companies which may be in focus on Wednesday, 31 July 2019: CRCT, Frasers Hospitality Trust, CapitaLand, Starhill Global REIT and F&N.
UPDATE: Singapore stocks to watch Tuesday: SembMarine, Ascott REIT, SIA, DBS, A-REIT, Sheng Siong
These are Singapore companies which may be in focus on Tuesday, 30 July 2019: SIA, DBS, Ascendas REIT, Sheng Siong and Delong.
UPDATE: Singapore stocks to watch Thursday: HPHT, Swiber, Oxley, Sunpower, Prime US REIT, Venture
These are Singapore companies which may be in focus on Thursday, 25 July 2019: HPHT, Swiber, Oxley, Sunpower, Venture and Prime US REIT.
UPDATE: Singapore stocks to watch Wednesday: MINT, Frasers Centrepoint, Sembcorp, Venture
These are Singapore companies which may be in focus on Wednesday, 24 July 2019: Mapletree Industrial Trust, Frasers Centrepoint Trust, Sembcorp and Venture.
iFAST Global Markets launches mobile app to assist wealth advisers
iFAST Global Markets has launched a mobile app targetting the wealth advisory market, the company said in a filing to SGX Monday.
Keppel DC REIT downgraded by KGI as catalysts appear priced in
KGI downgraded Keppel DC REIT to Neutral from Outperform, saying near-term catalysts for the REIT look priced in.
Keppel DC REIT downgraded by CGS-CIMB on high valuations
CGS-CIMB downgraded Keppel DC REIT to Hold from Add, saying the positive industry fundamentals and potential catalysts are fully priced in.
Keppel DC REIT’s 2Q19 net property income rose 14 percent
Keppel DC REIT reported second quarter net property income rose 13.6 percent on-year to S$43.26 million, getting a boost from the two acquisitions in 2018.
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.
Hi-P raises profit guidance for second quarter
Contract manufacturer Hi-P guided Thursday for lower revenue, but higher profit for the second quarter, compared with the second quarter of 2018.
