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.
Telecommunications
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.
NetLink NBN Trust reports fiscal 4Q net profit rose 31 percent, topping IPO forecast
NetLink NBN Trust reported Monday its fiscal 4Q net profit rose 30.9 percent on-year to S$20.02 million, beating projections from its IPO prospectus.
CSE Global reports 1Q19 net profit rose slightly on higher infrastructure project revenue
CSE Global reported Monday its 1Q19 net profit rose 0.5% on-year to S$5.73 million amid increased infrastructure project revenue with higher gross margins.
UOB KH: Venture won’t benefit from FDA’s IQOS approval until 2020
Any benefit to Venture from the U.S. FDA approval of the IQOS heated tobacco device likely won’t show up at the bottom line until 2020, UOB KayHian said.
Maybank KE downgrades Venture despite earnings beating forecast
Maybank KimEng downgraded Venture to Hold from Buy in a note on Friday, pointing to the cautious outlook the company provided with its earnings.
Venture reports 1Q19 net profit rose nearly 9 percent on technology-segment growth
Venture reported Thursday its 1Q19 net profit rose 8.6 percent on-year to S$90.9 million on broad-based growth in its technology portfolio.
UPDATE: Singapore stocks to watch Monday: Keppel, CCT, CapitaLand, Accordia Golf, Hyflux
These are Singapore companies which may be in focus on Monday, 22 April 2019: Keppel, CCT, CapitaLand, Accordia Golf Trust and JUMBO.
UPDATE: Singapore stocks to watch Wednesday: MLT, SPH, Hi-P, Keppel-KBS US REIT, Cache Logistics
These are Singapore companies likely to be in focus on Wednesday, 16 April 2019: MLT, SPH, Hi-P, Keppel-KBS US REIT and Cache Logistics Trust.
UPDATE: Singapore stocks to watch Monday: UIC, OUE, Yangzijiang, Keppel, Ezion, ST Engineering, Heeton
These are Singapore companies likely to be in focus on Monday, 15 April 2019: UIC, OUE, Yangzijiang, Keppel, Ezion and Yongnam.
Acquisition of Keppel T&T receives court approval
Singapore’s court approved on Friday Keppel Corp.’s proposed acquisition of the Keppel T&T shares it doesn’t already own, Keppel T&T said Friday.
Singapore Myanmar to sell telecom towers and leases to Irrawaddy Green Towers at a loss
Singapore Myanmar Investco said Friday it entered a deal to sell all of its telecom towers and tower leases in Myanmar to Irawaddy Green Towers at a loss.
Keppel developing autonomous tug vessel for Singapore operations
Keppel said Tuesday it was developing an autonomous tug vessel, set to be one of Singapore’s first autonomous vessels, to be operated by Keppel Smit Towage.
UPDATE: Singapore stocks to watch Tuesday: UOB, SGX, CityDev, Uni-Asia, Q&M, Challenger
These are Singapore companies which may be in focus on Tuesday, 9 April 2019: SGX, City Developments, Uni-Asia, Q&M Dental and Challenger.
UPDATE: Singapore stocks to watch Wednesday: Keppel REIT, Singtel, DeClout, Addvalue Tech
These are Singapore companies which may be in focus on Wednesday, 3 April 2019: Keppel REIT, Singtel, DeClout and Addvalue Technologies.
UPDATE: Singapore stocks to watch Tuesday: SIA Engineering, Keppel, Olam, Golden Agri
These are Singapore stocks which may be in focus on Tuesday, 2 April 2019: SIA Engineering, Keppel, Olam and Golden Agri-Resources.
Singapore stocks to watch Tuesday: Singtel, Keppel, Camsing, Mencast
These are the Singapore companies which may be in focus on Tuesday, 26 March 2019: Singtel Singapore Telecommunications said late on Monday it will offer…
Singapore stocks to watch Monday: Sembcorp, Keppel, Boustead Projects, Qian Hu
These are Singapore companies which may be in focus for Monday, 25 March 2019: Sembcorp Industries, Keppel, Boustead Projects and Qian Hu.
UPDATE: Singapore stocks to watch Tuesday: SIA, M1, Hyflux, Starhill Global REIT, MINT
These are Singapore companies which may be in focus on Tuesday, 19 March 2019: Hyflux, M1, Starhill Global REIT and Mapletree Industrial Trust.
Konnectivity takeover offer for M1 closes
Konnectivity said Monday its M1 takeover bid has closed with control of 94.55% of the Singapore telco’s shares; it will compulsorily acquire the remainder.
UPDATE: Singapore stocks to watch Monday: Sembcorp, Far East Orchard, SIA, M1, OUE
These are Singapore companies which may be in focus on Monday, 18 March 2019: Sembcorp Indutries, Far East Orchard, Singapore Airlines, M1 and OUE.
Konnectivity: M1 options will lapse once compulsory share acquisition is complete
Konnectivity said Friday M1 options will lapse once it completes the compulsory acquisition of the rest of the Singapore telco’s shares.
Singapore share buybacks Tuesday: OCBC, Sembcorp Industries, SGX, Japfa
These are Singapore companies which announced share buybacks on Tuesday, 12 March 2019: OCBC, Sembcorp Industries, SGX, Japfa and CSE Global.
UPDATE: Singapore share buybacks Monday: SingPost, OCBC, Duty Free, SingHaiyi
These are Singapore companies which announced share buybacks on Monday, 11 March 2019: SingPost, OCBC, Duty Free, SingHaiyi and CSE Global.
