Saxo Bank claims against Innopac resume; unrelated Innopac MOU terminated

Investment holding company Innopac Holdings on Monday night said that Saxo Bank has resumed its claims of nearly S$14.7 million against the company, over the negative account balances of two subsidiaries.

Trek 2000 posts Q3 net profit following year-ago loss

Thumb drive maker Trek 2000 International on Monday posted a net profit of about US$4,000 for the third quarter ended Sept 30, compared to a net loss of S$1.96 million a year ago.

KSH Q2 net profit more than triples to S$6m

KSH Holdings' Q2 net profit more than tripled to S$6 million on a surge in revenue from its construction business, the construction, property development and property management group said on Monday.

BBR wins contracts to build floating, rooftop solar panels

Mainboard-listed BBR Holdings on Monday announced that its wholly-owned subsidiary BBR Greentech has won two contracts to construct solar photovoltaic (PV) systems.

Vallianz warns of expected Q2 loss

Catalist-listed Vallianz Holdings said on Monday that it expects to post a net loss for the second quarter ended Sept 30.

Vividthree posts Q2 net profit

Vividthree Holdings on Monday reported a net profit of S$208,187 for the second quarter ended Sept 30, compared to a net loss of S$456,659 a year ago.

GSH Q3 profit triples on contributions from KL project

Net profit for GSH Corporation more than tripled in the third quarter ended Sept 30, the property developer said on Monday.

Singapore Medical Group posts flat profit of S$3.14m for Q3

Singapore Medical Group's net profit stayed flat for the third quarter ended Sept 30, the healthcare provider reported on Monday.

Temasek announces organisational changes

TEMASEK International has appointed Chia Song Hwee as deputy chief executive officer with effect from Jan 1, 2020, CEO Dilhan Pillay Sandrasegara announced on Friday.

Venture Corp net profit rises 5.5% to to S$85.2m in Q3

ELECTRONICS manufacturing services firm Venture Corp delivered a 5.5 per cent rise in net profit for the third quarter ended Sept 30, despite the headwinds from the US-China trade war, Brexit and currency volatility.

Yoma Strategic flags expected Q2 loss

YOMA Strategic Holdings on Friday flagged an overall loss for the second quarter ended Sept 30, as it will take a fair value loss of approximately US$32 million in its plans to dispose of an investment in China.

ISDN Q3 net profit falls 25.5%

ISDN Holdings on Friday posted a 25.5 per cent fall in net profit to S$1.8 million for the third quarter ended Sept 30, down from S$2.4 million a year ago.

Triyards receives summons to be placed under judicial management

TROUBLED marine operator Triyards Holdings has received an originating summons and supporting affidavit from OCBC for the company to be placed under judicial management, the company said in a Singapore Exchange filing on Friday evening.

SK Jewellery posts 57.9% fall in Q3 net profit

CATALIST-LISTED SK Jewellery Group on Friday reported a 57.9 per cent drop in net profit for the third quarter ended Sept 30.

DLF buyout offer closes with 64% shares acquired

THE buyout offer for Catalist-listed DLF Holdings closed on Friday at 5.30pm, with valid acceptances amounting to 6.98 per cent of total issued shares received by the close.

Venture Corp Q3 net profit rises 5.5%

NET profit for Venture Corp rose 5.5 per cent to S$85.2 million for the third quarter ended Sept 30, the electronics manufacturing services firm announced on Friday.

Hiap Hoe Q3 net profit falls 82%

LOWER sales of development properties and higher expenses resulted in an 82 per cent dive in net profit for Hiap Hoe in the third quarter ended Sept 30, the property developer announced on Friday.

Temasek announces organisational changes

TEMASEK International has appointed Chia Song Hwee as deputy chief executive officer with effect from Jan 1, 2020, CEO Dilhan Pillay Sandrasegara announced on Friday.

STOCKS

Swelling trade hopes lift Asian markets

ASIAN markets ended higher on Tuesday, following a record-setting session for US markets as the US and China showed signs of nearing a trade war truce.

TOWKAYS

Building a village

Serial entrepreneur Elaine Kim is involved in multiple businesses as she goes through seasons of life with different areas of focus.

ASEAN: A REGION OF OPPORTUNITIES

Reframing challenges as opportunities

The region’s 10 member states, vastly different from one another, present both challenges and potential for unbridled growth

Singapore shares gain 0.4% as US, China inch towards trade deal

SINGAPORE’S Straits Times Index gained 0.38 per cent or 12.23 points to 3,248.63.

 

Broker's take: DBS initiates coverage on Prime US Reit with 'buy', US$1.05 target price

DBS Equity Research on Tuesday initiated coverage on real estate investment trust (Reit) Prime US Reit with a "buy" call and target price of US$1.05, noting that its portfolio is in "landlord-favourable" markets with runway for rental upside.

STOCKS

Trade deal hopes boost Asian markets

TRADE optimism that buoyed US markets on Friday had a similar effect on Asian markets on Monday, as investors clung to positive comments about progress on a US-China trade deal.

Singapore shares close 0.2% higher on trade deal optimism

THE overall boost to sentiment lifted the Straits Times Index (STI) as much as 0.6 per cent in the morning session. It retreated during the rest of the day, eventually closing 0.22 per cent or 6.97 points higher to 3,236.40.