These are Singapore companies which announced share buybacks on Thursday, 15 August 2019: Yangzijiang, ST Engineering Stamford Land and Keppel Corp.
Yangzijiang said Wednesday Executive Chairman Ren Yuanlin has taken a leave of absence while assisting in a confidential investigation by China authorities.
Yangzijiang Shipbuilding requested a trading halt on its shares Thursday, pending an announcement, after the stock tumbled as much as 28.5 percent intraday.
These are Singapore companies which may be in focus on Tuesday, 6 August 2019: Yangzijiang, NetLink NBN, APAC Realty and Cromwell European REIT.
Yangzijiang reported Monday its 2Q19 net profit fell 6 percent on-year to 936.43 million yuan, due to an “exceptionally strong” year-ago performance.
These are Singapore companies which may be in focus on Monday, 22 July 2019: Prime US REIT, CapitaLand, Yangzijiang, SATS and YuuZoo Networks.
Yangzijiang has completed the acquisition of Singapore-based Odfjell Terminals China Holding for US$46.23 million, the shipbuilder said Tuesday.
CGS-CIMB downgraded Yangzijiang to Hold from Add, despite a “good set” of 1Q19 results, as the brokerage pointed to expectations for weak order momentum.
Yangzijiang’s 1Q19 results beat expectations, but the outlook ahead may be challenging as new shipbuilding contracts trail expectations, Daiwa said Tuesday.
Yangzijiang reported Monday its 1Q19 net profit increased 38% on-year to 824.05 million yuan amid higher deliveries of vessels in the shipbuilding segment.
These are Singapore companies likely to be in focus on Monday, 15 April 2019: UIC, OUE, Yangzijiang, Keppel, Ezion and Yongnam.
Yangzijiang said Friday Executive Chairman Ren Yuanlin has contributed 150 million of his shares to a new irrevocable trust to reward senior management.