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.
Technology
Singtel-tied Airtel Africa sets price range for LSE IPO to raise more than S$1 billion
Airtel Africa set the price range Monday for its initial public offering (IPO) at 80 pence to 100 pence a share, the telco said in a filing to the LSE.
Singtel Optus prices 500 million euro 10-year notes
Singtel Optus’ wholly owned subsidiary Optus Finance priced 500 million euro 0-year fixed-rate notes at 1.0 percent, Singtel said Friday.
GIC and Polymer Connected tie up for Jakarta data center campus
Singapore state-owned investment company GIC said Thursday it tied up with data-center provider Polymer Connected to develop a Jakarta data center campus.
Hi-P International upgraded by Maybank KE, but trade war tempers outlook
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.
Venture upgraded to Buy by Maybank KE after trade war spurred selloff
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.
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.
APAC Realty to invest in Dots Connected for big data-based residential price estimates
APAC Realty said Monday it entered a deal to invest S$1 million in convertible notes issued by AI-enabled property research platform UrbanZoom’s parent.
UPDATE: Singapore stocks to watch Monday: City Developments, Singapore Airlines, Oxley, SPH
These are Singapore companies which may be in focus on Monday, 10 June 2019: City Developments, Singapore Airlines, Oxley and SPH.
UPDATE: Singapore stocks to watch Thursday: Cordlife, GIC, Singtel, ComfortDelGro, OUE, KIT
These are Singapore companies which may be in focus on Thursday, 6 June 2019: Cordlife, GIC, Singtel, ComfortDelGro, OUE and Keppel Infrastructure Trust.
ComfortDelGro makes three strategic investments in transport tech start-ups
ComfortDelGro said Tuesday it made investments in three transportation-related tech start-ups via its US$100 million corporate venture capital fund.
Singtel-tied Airtel Africa aims to raise US$750 million in London IPO
Airtel Africa plans to proceed with an IPO on the London Stock Exchange, aiming to raise US$750 million, Bharti Airtel said Tuesday.
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.
Creative Tech says its Super X-Fi product will be added to laptops made by Taiwan’s Clevo
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.
Accrelist proposes 20-to-1 share consolidation
Accrelist proposed Wednesday consolidating its shares, with shareholders to receive one consolidated share for every 20 existing shares held.
Singtel: Completed subscription to Bharti Airtel rights shares
Singtel completed its subscription to 170.10 million new shares of Bharti Airtel under its rights issue, the Singapore telco said Wednesday.
Valuetronics reports fiscal year net profit fell nearly 3 percent as trade war hits orders
Valuetronics reported net profit for its fiscal year fell 2.6% to HK$199.48M as the U.S. trade war caused a slowdown in smart LED lighting orders.
Airtel Africa announces plan to seek IPO on London Stock Exchange
Airtel Africa plans to seek a potential IPO on the London Stock Exchange, India’s Bharti Airtel said in a letter to the Indian stock exchanges Tuesday.
UPDATE: Singapore stocks to watch Tuesday: SGX, Keppel REIT, China Everbright Water, Citic Envirotech
These are Singapore companies which may be in focus on Tuesday, 28 May 2019: SGX, Keppel REIT, China Everbright Water and Citic Envirotech.
Vividthree reports fiscal 4Q net profit jumped 20-fold on Train to Busan VR tour show
Vividthree reported Monday its fiscal 4Q net profit jumped more than 20-fold to S$1.5M on its Train to Busan virtual reality tour show.
Daiwa starts Venture at Outperform on R&D efforts
Daiwa started coverage of Venture at Outperform with a S$17.90 target price, pointing to its transition toward integrating R&D services.
Singapore share buybacks Thursday: Singtel, OCBC, Kimly, Straits Trading, China Sunsine
These are Singapore companies which announced share buybacks on Thursday, 16 May 2019: Singtel, OCBC, Kimly, Straits Trading and China Sunsine.
Singtel reports nearly flat fiscal 4Q net profit on weak Australian dollar
Singtel reported Wednesday its fiscal 4Q net profit rose 0.4 percent on-year to S$773 million the Australian dollar’s decline.
EC World REIT’s 1Q19 net property income slipped amid forex fluctuations
EC World REIT reported Friday its 1Q19 net property income slipped 1.4 percent on-year, mainly on exchange rate differences between the SGD and the CNY.
Challenger Technologies reports 1Q19 net profit fell 22 percent
Challenger Technologies reported 1Q19 net profit fell 22 percent on-year to S$4.08 million as margins were pinched by competitive pricing.
