Singtel reported Thursday its fiscal 2Q swung to a net loss of S$668.1M from a year-ago net profit of S$667.2M due to an exceptional item related to Airtel.
Fraser and Neave reported Thursday its fiscal full year net profit increased 23.5 percent on-year to S$152.56 million on higher soft drink and dairy sales.
These are Singapore companies which may be in focus on Thursday, 14 Nov. 2019: Temasek, Yangzijiang, ComfortDelGro, Olam, Keppel and Eagle Hospitality Trust.
These are Singapore companies which may be in focus on Friday, 8 November 2019: Genting Singapore, SPH REIT, SIA, Dairy Farm, Thai Beverage and LMIRT.
These are Singapore companies which may be in focus on Wednesday, 22 October 2019: Keppel, Temasek, UOB, Mapletree Industrial Trust, Singtel and AA REIT.
OCBC will join Singtel’s VIA mobile payment alliance, allowing the bank’s customers to make QR code payments while traveling in Thailand and Japan, Singtel said Monday.
These are Singapore companies which may be in focus on Monday, 30 September 2019: Keppel, CityDev, Keppel Infrastructure Trust, OUE and Thai Beverage.
Fraser and Neave said Wednesday production of Chang Lager Beer was beginning at its Emerald Brewery Myanmar after an around US$70 million investment.
The Capital Group Cos., or CGC, said Tuesday it ceased to be a substantial shareholder of Thai Beverage, with its deemed interest falling to 4.949 percent.
These are Singapore companies which may be in focus on Monday, 23 September 2019: SGX, SingPost, POSH, Keppel DC REIT and UOL.
These are Singapore companies which may be in focus on Monday, 9 Sept 2019: Keppel Pacific Oak US REIT, Frasers Centrepoint Trust, Sembcorp and Singtel.
Fraser and Neave said Thursday its wholly owned subsidiary F&N Investments (F&NI) subscribed for 5.2M new shares of Emerald Brewery Myanmar at US$1 each.
OCBC is in talks with Singtel and others about seeking one of Singapore’s planned virtual banking licenses, Bloomberg reported Wednesday, citing sources.
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.
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.
Thai Beverage reported its fiscal third quarter net profit climbed 26 percent on-year. These are analysts’ calls on the results.
RHB downgraded Thai Beverage to Take Profit from Buy, saying share price has “performed well” so far this year and is now fairly priced.
Thai Beverage said Friday its subsidiary International Beverage Holdings incorporated two subsidiaries in Hong Kong: Chang HK and International Breweries.
Frasers Property (Thailand) has acquired 94.50% of Golden Land Property in its tender offer for the Thailand-listed company, Frasers Property said Thursday.
Thai Beverage reported Wednesday its fiscal 3Q net profit climbed 26 percent on-year on higher contributions from the food, beer and spirits segments.
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.
Fraser and Neave reported Wednesday its fiscal third quarter net profit increased 9 percent on-year to S$54.83 million on higher soft drink and dairy sales.
Frasers Property said Wednesday it tendered its 39.92 percent stake in Golden Land Property, to Frasers Property Thailand for around S$350.6 million.
S&P Global Ratings revised Wednesday. the ratings outlook for Singapore Telecommunications and Singtel Optus to negative, citing deteriorating debt metrics.
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.
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.