Singtel may be picking up, despite Q2 horror
THE headline number in Singtel's second-quarter results was ghastly, as the mainboard-listed telco posted an unprecedented quarterly loss for the three months to Sept 30. The counter lost S$0.12, or 3.64 per cent, to S$3.18 in the aftermath on Friday.
Singtel posts S$668m loss on provision
HOBBLED by its share of a key associate's provision for sums claimed by the Indian government, mainboard-listed telco Singtel posted a historic first quarterly loss on Thursday.
Telecom industry consolidation doesn't mean a TPG crash out
EQUITY analysts were all agog on StarHub's third-quarter earnings call last week, but much of their interest had little to do with the mainboard-listed telco's three-month top line.
UIC posts 13.1% fall in Q3 net profit
MAINBOARD-LISTED developer United Industrial Corp (UIC) said on Friday that it could take a year to figure out how to increase income from the consolidated Marina Mandarin hotel and shopping complex, even as third-quarter earnings slipped.
Best World's net profit down 16.9% at S$24.8m in Q3
BEST World International, the mainboard-listed skincare pro-duct company that is being probed by the Singapore Exchange (SGX) over its sales model, on Friday posted a slide in third-quarter earnings that it attributed to the lack of the one-time "other operating income" in the year prior.
Synagie Corp launches S$0.10-a-share rights issue to fund 2020 growth plans
CATALIST-LISTED e-commerce solutions provider Synagie Corp plans to raise up to S$3.84 million in a rights issue to fund its expansion in 2020, the board said late on Friday night.
Best World reports 16.9% drop in Q3 profits to S$24.8m
BEST World International, the mainboard-listed skincare product company that is being probed by the bourse over its sales model in China, on Friday reported a decline in third-quarter earnings, attributed to the absence of one-time “other operating income” in the year before.
Ryobi Kiso judicial managers ask to push creditors' meeting deadline into 2020
THE judicial managers of ailing construction firm Ryobi Kiso Holdings, which was first placed under interim judicial management in March, are asking for more time to carry out their work.
Yeo Hiap Seng Q3 net profit jumps to S$2.76m on absence of fair-value loss
MAINBOARD-LISTED drinks maker Yeo Hiap Seng saw a surge in third-quarter earnings on the back of narrower losses at associates and joint ventures, as well as the absence of fair-value losses on equity investments recognised in the year-ago period.
AsiaPhos Chinese subsidiary's ex-staff withdraw severance pay claims: board
CATALIST-LISTED Chinese phosphate miner AsiaPhos, which earlier this year saw a wholly owned subsidiary slapped by former employees’ claims for severance pay, said in a bourse filing on Friday that some of the claims have been voluntarily withdrawn.
Metro Holdings buys 20% of Australian property portfolio for A$95.8m
MAINBOARD-LISTED department store operator Metro Holdings, which also invests in real estate, has re-entered Australia with plans to take a minority stake in a property portfolio for A$95.8 million (S$89.5 million), under a joint venture agreement disclosed on Friday.
CapitaLand sells HK serviced residence for HK$581.8m
MAINBOARD-LISTED CapitaLand has sold a serviced residence in Hong Kong for HK$581.8 million (S$101 million) to an unnamed third party, according to a bourse filing on Friday.
POSH appoints Provenance Capital as independent financial adviser in Kuok cash offer
STRUGGLING offshore and marine services provider PACC Offshore Services Holdings (POSH) has named Provenance Capital the independent financial adviser to the independent directors in the buy-out offer from Malaysian tycoon Robert Kuok’s Kuok group of companies.
United Industrial Corp Q3 earnings drop by 13.1% amid Marina Mandarin consolidation
MAINBOARD-LISTED developer United Industrial Corp (UIC) saw third-quarter earnings slip on higher costs and lower share of associates’ and joint ventures’ profits, amid the consolidation of revenue from the Marina Mandarin hotel complex that was bought out in April.
Genting Q3 profit dips; ploughs on with RWS 2.0
RESORTS World Sentosa operator Genting Singapore saw its third-quarter profits plunge, according to results released on Thursday, with the company blaming "headwinds".
Q3 DPU for Lippo Malls Indonesia Retail Trust up
LIPPO Malls Indonesia Retail Trust (LMIRT) upped its third-quarter distribution per unit (DPU) to 0.56 Singapore cent, from 0.49 Singapore cent before, in results out on Thursday.
SPH Reit takes A$670m stake in South Australia mall
SPH REIT is expanding its footprint Down Under, with a deal inked on Thursday for a half-stake in a freehold mall, Westfield Marion Shopping Centre, in the state of South Australia.
Simon Keswick to retire from Jardines family business at 77
SIMON Keswick, former chairman and managing director of Jardine Matheson Holdings, is retiring from the board at 77, after almost six decades with the family conglomerate.
Capital World subsidiary pulls out of Malaysian land deal
CATALIST-LISTED property developer Capital World, which recently had its ability to continue as a going concern flagged by its auditor, saw a subsidiary scrap its plans to buy a Malaysian company that held joint development rights for some land in Johor.
Procurri Corp suspends trading as it mulls potential third-party offer for its assets
MAINBOARD-LISTED enterprise hardware supplier Procurri Corp is going over a third party’s recent offer to buy some of its assets, it said in an update on Thursday night, as it sought to extend its trading halt into a voluntary trading suspension.
MindChamps Q3 net profit plunges by 73.1% to S$300,000 on expansion-related costs
MAINBOARD-LISTED early childhood education player MindChamps PreSchool saw third-quarter earnings plummet on surging expenses, despite a swell in turnover from new pre-schools in its stable.
Koh Bros Q3 net profit down by 38.6% to S$1.01 million on construction weakness
MAINBOARD-LISTED construction player Koh Brothers saw third-quarter net profit plunge on lower sales, as the construction and building materials division recognised less revenue.
Vibrant to consolidate stake in chemical logistics subsidiary for S$13.5 million
MAINBOARD-LISTED logistics player Vibrant Group plans to consolidate its stake in chemical logistics subsidiary LTH Logistics (Singapore), in a deal inked and disclosed on Thursday.
Lippo Malls Indonesia Retail Trust raises Q3 DPU as gross revenue policy stabilises
LIPPO Malls Indonesia Retail Trust (LMIRT) upped its third-quarter distribution per unit (DPU) to 0.56 Singapore cent, from 0.49 Singapore cent before, in results released on Thursday.
Allied Tech expects nine-month net loss in Q3 results
CATALIST-LISTED precision engineering firm Allied Technologies expects to post a net loss for the nine months to Sept 30, the board warned in a bourse filing on Thursday evening.