Mapletree Logistics Trust reports fiscal 2Q net property income rose 21 percent
Mapletree Logistics Trust reported Monday its fiscal 2Q net property income rose 21% on-year to S$109.13M, coming in slightly ahead of a Daiwa forecast.
Trade War
Mapletree Logistics Trust enters deal to acquire 7 properties for around S$384 million
Mapletree Logistics Trust said Monday it plans to acquire seven logistics properties across Malaysia, Vietnam and China for around S$383.9 million.
Valuetronics sets up subsidiary to expand Vietnam operations
Valuetronics said Thursday it set up a subsidiary in Vietnam to expand its operations in the country as it shifts some manufacturing out of China.
Qian Hu 3Q19 net profit jumps 72 percent despite dragon fish price war weighing revenue
Ornamental fish breeder Qian Hu reported Wednesday its 3Q19 net profit surged 72 percent on-year to S$301,000, despite a long-running dragon fish price war.
Fund managers grow more depressive on trade war outlook, October BofA-ML survey finds
Fund managers are more dispirited about the potential for a trade war resolution, according to the October BofA-ML fund manager survey, released Wednesday.
UPDATE: Monetary Authority of Singapore eases policy less than some analysts expected
The MAS reduced the Singapore dollar’s rate of appreciation slightly Monday, taking a more prudent approach to easing policy than some analysts expected.
Singapore Deputy PM Heng: Asia remains committed to free trade
The U.S. trade war with China may be drawing unstable lines in the sand, but Singapore’s Deputy PM Heng said Thursday Asia remained committed to free trade.
Fund managers’ recession fears grow, BofA-ML September survey finds
Fund managers’ recession expectations have hit levels last seen during the Global Financial Crisis, according to the BofA-ML September survey Tuesday.
UPDATE: SGX posts August commodity derivative volumes jumped 91 percent
Trading volume of commodity derivatives surged 91% on-year in August to 2.74 million contracts as markets remained jittery, Singapore Exchange said Tuesday.
Del Monte Pacific reports fiscal 1Q net loss on US plant closures
Del Monte Pacific reported Friday a fiscal 1Q net loss of US$38.26 million on one-off items related to closing plants in the U.S.
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.
BofA-ML survey: Fund managers grow more jittery in August, turning to protection
Global fund managers are still nervous in August, pulling away from equities and turning to “insurance,” the BofA-ML fund manager survey said Tuesday.
OCBC: Singapore government likely to offer targeted fiscal help amid economic slowdown
Singapore is likely to meet slowing economic growth with targeted fiscal help, Selina Ling, head of treasury research and strategy at OCBC, said Tuesday.
Singapore 2Q19 NODX drops 14.6 percent as electronics exports tumble
Singapore’s NODX dropped 14.6% on-year in 2Q19, hurt by lower shipments of both electronics and non-electronic products, Enterprise Singapore said Tuesday.
Singapore cuts 2019 economic growth forecasts as US trade war escalates
Singapore’s GDP growth forecast has been cut to 0.0 percent to 1.0 percent for 2019, amid the escalation of the U.S.-China trade war, the MTI said Tuesday.
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.
Singapore Airlines reports fiscal 1Q net profit dropped 21 percent
Singapore Airlines reported Wednesday its fiscal 1Q net profit dropped 20.7% on-year to S$111 million on higher estimated losses from Virgin Australia.
DBS downgraded by Maybank KimEng on macro headwinds
Maybank KimEng downgraded DBS to Hold from Buy, citing increased uncertainty from slower economic growth, potential rate cuts and “souring asset quality.”
DBS: Will 2Q19 be as good as it gets?
DBS is expected to report its 2Q19 earnings grew on-year, but analysts expect the quarter may mark the peak for the bank’s net interest margin.
Sabana REIT reports 2Q19 net property income fell 4 percent
Sabana REIT reported Thursday its second quarter net property income dropped 4.2% on-year to S$12.04M after the divestment of the 9 Tai Seng Drive property.
AIMS APAC REIT reports fiscal 1Q net property income rose 18 percent
AIMS APAC REIT reported Thursday its fiscal 1Q net property income rose 18.1% on-year to S$22.94M on lower property operating expenses and higher revenue.
Hutchison Port Holdings Trust reports 2Q19 net profit fell 20 percent
HPHT reported Wednesday its second quarter net profit fell 19.7 percent on-year to HK$136.5 million amid a hit from the ongoing U.S.-China trade war.
Mapletree Industrial Trust reports fiscal 1Q net property income rose 12 percent
Mapletree Industrial Trust reported Tuesday its fiscal 1Q net property income rose 12.2% on-year to S$77.92M on revenue contributions from new projects.
ESR-REIT reports 2Q19 net property income more than doubled
ESR-REIT reported Monday second quarter net property income jumped 103.9 percent on-year to S$47.8 million, broadly in line with forecasts from Daiwa.
SATS reports fiscal 1Q net profit dropped 14 percent amid trade war pressures
SATS reported Thursday its fiscal first quarter net profit dropped 14.4 percent on-year to S$54.7 million amid amid trade uncertainty.
Qian Hu’s 2Q19 net profit surged 62 percent despite dragon fish price war
Fish breeder Qian Hu reported Wednesday its 2Q19 net profit surged 61.6% on-year despite lower sales of pet fish, amid a boost from its edible fish segment.
BofA-ML survey: Fund managers step back from bearish brink, but jitters persist
Global fund managers were a tad less pessimistic, but they continued to fret over economic risks, the BofA-ML fund manager survey for July found.
Maybank KE: Rising risk of recession after trade war hits Singapore 2Q GDP
Maybank Kim Eng cut its outlook for Singapore economic growth Friday after second-quarter data came in worse than expected, with a rising recession risk.
How Temasek is girding its portfolio against the US-China trade war
Temasek’s portfolio has been buffeted by the U.S. trade war, and Singapore’s state-owned investment company said it’s carefully weighing its next steps.
Why Trump’s threats on Vietnam trade won’t stop manufacturers setting up shop
Trump may see Vietnam as another trade war target, but Taimur Baig, chief economist at DBS, said it likely won’t keep firms from setting up shop there.
Why the US trade war has become a never-ending game of whack-a-mole
Global markets may have heaved a sigh of relief after this weekend’s G-20 meeting in Japan, but the trade-war hostilities likely won’t end anytime soon.
Wilmar started at Buy by Maybank KE as a shelter against US trade war
“Fighting won’t stop you from eating,” the brokerage said in a note Friday.
Citi: For the trade war and equities, it’s not the economy. It’s the earnings
Investors should be watching the earnings impact of the trade war, Steven Wieting, chief investment strategist at Citi Private Bank, said Tuesday.