Higher contributions from dairy, beverages lift F&N's net profit

CONSUMER group Fraser and Neave (F&N) on Thursday posted a 23.5 per cent increase in full-year net profit to S$152.6 million, due to higher contribution from its beverages and dairies segments.

Straits Trading posts 13% fall in Q3 net profit to S$12.2m

THE Straits Trading Company on Thursday posted a 13.2 per cent drop in net profit to S$12.2 million for its third quarter ended Sept 30, due to a halving in earnings from its real estate segment, despite a more profitable resources division.

UOB Kay Hian posts 15% rise in Q3 net profit to S$20.3m

UOB Kay Hian Holdings on Thursday posted a 14.7 per cent increase in net profit to S$20.3 million for its third quarter ended Sept 30, as higher trading volume and retail participation across its main regional markets boosted turnover.

Dairies earnings lead F&N's 24% net profit increase for FY19

CONSUMER group Fraser and Neave (F&N) on Thursday posted a 23.5 per cent increase in net profit to S$152.6 million for FY19, due to higher contributions from its beverages and dairies segments.

BT EXCLUSIVE

Singapore property portals face double-edged sword in regional expansion

REAL estate portals in Singapore are being squeezed by hefty costs on the one hand and the lack of scale on the other, but the solution they seek - looking to the region for scale - may add further short-term pain.

Scant bond returns will divert investors to equity: JP Morgan

THE return potential from holding stocks looks more attractive than the returns available from bonds, given the sharp reversal in global monetary policy, but already-high prices may limit future stock gains.

No valuation done in disposal of UEL and WBL shares: Perennial

AMID raised eyebrows at the valuation of Perennial UW's disposal of its stake in United Engineers Limited (UEL) and WBL Corporation for S$202 million, the Singapore Exchange (SGX) on Monday queried Perennial Real Estate Holdings on how it had arrived at the valuation for the UEL and WBL shares...

Kuok Group makes offer for PACC Offshore at S$0.215 per share in cash

QUETZAL Capital has announced a voluntary conditional cash offer for PACC Offshore Services Holdings (POSH) at S$0.215 per share in cash even as the mainboard-listed company is mired in deeper losses.

Koufu Q3 net earnings surge 52% on rising revenue

FOOD court and coffee shop operator Koufu on Monday posted a 52.3 per cent increase in net earnings to S$7.1 million for the third quarter, on the back of a 6.6 per cent increase in revenue to S$61.4 million.

Kuok Group makes offer for POSH at S$0.215 per share in cash

QUETZAL Capital has announced a voluntary conditional cash offer for Pacc Offshore Services Holdings (POSH) at S$0.215 per share in cash.

China Everbright inks 2 water treatment projects worth 396m yuan

CHINA Everbright Water on Monday said it has secured Ji'nan Tangye New Area Waste Water Treatment PPP project and Zibo Northern Waste Water Treatment Plant Expansion Project in Shandong province, with a total investment of about 396 million yuan (S$76.3 million).

Challenger Tech posts 5% drop in Q3 net profit on flat revenue

CHALLENGER Technologies on Monday posted a 5 per cent drop in its third-quarter net profit to S$4.3 million, on the back of flat revenue of S$83.3 million, which rose just 1 per cent from a year ago.

Koufu Q3 net profit surges 52% on rise in revenue contribution

FOOD court and coffeeshop operator Koufu on Monday posted a 52.3 per cent increase in net earnings to S$7.1 million in its third quarter, on the back of a 6.6 per cent rise in revenue to S$61.4 million.

Optimism that the worst is behind lifts October's stock market

SO MUCH for the "October effect". Halloween did little to frighten investors, it seemed, with the total market capitalisation of the stock market adding S$25.5 billion or 3 per cent over the month to S$885.5 billion, reversing losses in the past three months.

Higher rental income from HK property lifts MNACT's Q2 payout

HIGHER rental income from Festival Walk and higher average rates of the Hong Kong dollar and Japanese yen boosted Mapletree North Asia Commercial Trust's (MNACT) second quarter distribution per unit (DPU) to 1.937 Singapore cents, up from 1.926 cents it paid out a year ago.

HPH Trust Q3 earnings dip due to higher tax

HUTCHISON Port Holdings Trust (HPH Trust) on Friday posted a 2.9 per cent drop in profit attributable to unitholders to HK$232.5 million (S$40.4 million) for its third quarter ended Sept 30, 2019 due to higher taxation.

Higher Festival Walk rents, stronger HKD, yen boost MNACT Q2 DPU

HIGHER rental income from Festival Walk and higher average rates of Hong Kong dollar and Japanese yen boosted Mapletree North Asia Commercial Trust's (MNACT) second-quarter distribution per unit (DPU) to 1.937 Singapore cents, up from 1.926 cents it paid out a year ago.

HPH Trust Q3 earnings dip due to higher taxation

HUTCHISON Port Holdings Trust (HPH Trust) on Friday posted a 2.9 per cent drop in profit attributable to unitholders to HK$232.5 million (S$40.4 million) for its third quarter ended Sept 30 due to higher taxation.

Loss of Harbin project due to inability to raise funds, funds misuse: YuuZoo

SOCIAL media company YuuZoo Networks Group (YNG) on Thursday said that the contract it had signed for the Nordic Sport Town project in Harbin, China has been lost as a result of YuuZoo's inability to raise funds, due to the continued share trading suspension and the misuse of company funds by a...

Sasseur Reit reaches settlement with Chinese construction firm

SASSEUR Reit on Thursday said that following legal proceedings and negotiations between Hefei Sasseur Commercial Management Co (Sasseur Hefei), Zhongjian Sanju No 2 Construction Engineering (ZS2) and their lawyers, the parties have reached a voluntary settlement of 55 million yuan (S$10.6...

Ascendas India Trust posts rise in Q2 DPU to 2.28 S cents

ASCENDAS India Trust on Thursday posted a distribution per unit (DPU) of 2.28 Singapore cents for its second quarter ended Sept 30, up from the 1.98 cents paid out a year ago.

Sabana Reit Q3 DPU rises on higher occupancies, one-off recovery of revenue

SABANA Reit on Thursday posted a distribution per unit (DPU) of 0.78 Singapore cent for its third quarter ended Sept 30, up slightly from 0.77 cent it paid out a year ago.

Sales at Martin Modern condo boost GuocoLand's Q1 earnings

PROPERTY developer GuocoLand on Thursday posted a 61 per cent increase in net profit to S$42.1 million for its first quarter ended Sept 30, on the back of a 62 per cent surge in revenue to S$272.5 million.

OUE Lippo Healthcare buys majority stake in Wuxi Bohai Hospital

OUE Lippo Healthcare (OUELH) on Thursday announced that it will acquire a 70 per cent stake in Wuxi Bohai Hospital Co, whichoperates Wuxi Bohai Hospital, for about 9.8 million yuan (S$1.9 million).

Jumbo opens fourth Ng Ah Sio Bak Kut Teh outlet in Taiwan

JUMBO Group on Thursday announced the opening of its Ng Ah Sio Bak Kut Teh franchised outlet in Taoyuan City, Taiwan.