These are Singapore companies which may be in focus on Friday, 19 July 2019: Keppel, SATS, Thai Beverage, OCBC, Prime US REIT and AA REIT.
These are Singapore companies which may be in focus on Monday, 8 July 2019: ThaiBev, Singtel, CapitaLand, Frasers Hospitality Trust and Sunpower.
These are Singapore companies which may be in focus on Thursday, 3 July 2019: Olam International, F&N, Soilbuild REIT and Chip Eng Seng.
Daiwa downgraded Thai Beverage to Hold from Outperform, pointing to the Bank of Thailand’s forecast last week for the country’s economic growth to slow.
Thai Beverage’s indirect subsidiary, AIB (GD), has acquired all of LiTeng Foods, a China-based coffee bean processor, the Chang beer maker said Tuesday.
These are Singapore companies which may be in focus Friday, 21 June 2019: UOB, Cromwell European REIT, Keppel, Thai Beverage, Wing Tai and Straits Trading.
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’ wholly owned subsidiary Optus Finance priced 500 million euro 0-year fixed-rate notes at 1.0 percent, Singtel said Friday.
RHB tipped Thai Beverage as one of its top picks among Singapore’s listed consumer plays amid an upbeat outlook for Thailand’s beer consumption.
Airtel Africa plans to proceed with an IPO on the London Stock Exchange, aiming to raise US$750 million, Bharti Airtel said Tuesday.
Singtel completed its subscription to 170.10 million new shares of Bharti Airtel under its rights issue, the Singapore telco said Wednesday.
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.
Frasers Property (Thailand) announced Monday its intention to make an offer for all of Golden Land Property, valuing the company at 19.75B baht (S$855.38M).
Fraser and Neave’s deal to acquire Starbucks Coffee (Thailand) via a joint venture is a positive for Thai Beverage, Nomura said in a note Friday.
Fraser and Neave has injected around S$114.84 million into two JVs to facilitate the acquisition of Starbucks Thailand, the beverage maker said Friday.
F&N said Thursday it tied up with Maxim’s Caterers to acquire Starbucks Coffee (Thailand) in a move to enter Thailand’s retail coffee market.
These are Singapore companies which announced share buybacks on Thursday, 16 May 2019: Singtel, OCBC, Kimly, Straits Trading and China Sunsine.
Banyan Tree Holdings reported Wednesday its 1Q19 net profit tumbled 74 percent on-year to S$5.23 million after its interest in BTAC was diluted.
UOB expects to benefit from U.S.-Sino trade tensions, with companies set to diversify their supply chains into Southeast Asia, the bank said Wednesday.
Singtel reported Wednesday its fiscal 4Q net profit rose 0.4 percent on-year to S$773 million the Australian dollar’s decline.
DBS said it was sticking with its Buy call on Thai Beverage despite its shares’ strong rally and despite a drop in second quarter net profit.
OCBC downgraded Thai Beverage to Hold from Buy after the stock runup and pointed to “tempered” expectations for the spirits business.
Thai Beverage reported Friday its fiscal 2Q net profit fell 8.6% to 6.76B Thai baht on lower net profit from the spirits, food and F&N/FPL businesses.
F&N reported Tuesday its fiscal 2Q net profit excluding exceptional items jumped 138.5% on-year to S$35.87 million on higher soft drink and dairy sales.
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.