OUE Q3 profit surges to S$124.1m on non-cash gain from merging of Reits

OUE Limited's third-quarter net profit surged to S$124.1 million, almost 60 times that of the S$2.1 million net profit for the year-ago period due to higher earnings before interest and taxes (Ebit) and a one-off non-cash gain of S$90.9 million arising from the merger of OUE Commercial Real...

Sheng Siong to buy Aljunied property for S$29.5m

SHENG Siong will be buying a commercial property at Block 118 Aljunied Avenue 2 from Jelita Property for S$29.5 million, it said in a bourse filing on Friday.

Singapore stocks: STI resumes Friday afternoon up 0.12% on day

SINGAPORE stocks entered more positive territory as trading resumed on Friday afternoon, after barely moving earlier in the day. The Straits Times Index was up 0.12 per cent or 3.80 points on the day to 3,235.65 as at 1.04pm.

Tiong Seng to set up construction robotics lab with Ngee Ann Poly

MAINBOARD-LISTED Tiong Seng Holdings has inked a five-year collaboration with Ngee Ann Polytechnic to set up a construction robotics lab on the school's campus.

Sheng Siong to buy Aljunied property for S$29.5m

SHENG Siong will be buying a commercial property at Block 118 Aljunied Avenue 2 from Jelita Property for S$29.5 million, it said in a bourse filing on Friday.

OUE Q3 profit surges to S$124.1m after OUE C-Reit, OUE H-Trust merger

OUE Limited's third-quarter net profit surged to S$124.1 million, almost 60 times that of the S$2.1 million net profit for the year-ago period due to higher earnings before interest and taxes (Ebit) and a one-off non-cash gain of S$90.9 million arising from the merger of OUE Commercial Real...

China Everbright Q3 earnings rise 27% on higher revenue

CHINA Everbright Water's third-quarter net profit rose 27 per cent to HK$182.6 million (S$31.8 million) from HK$144.3 million a year earlier following a jump in revenue led by construction.

Keppel buys 50% stake in Temasek's Pierfront Capital for US$7.8m

KEPPEL Corp's unit KC Management One will buy a 50 per cent stake in Pierfront Capital Fund Management (PCFM), a subsidiary and investment manager of Pierfront Capital Mezzanine Fund (PCMF), for US$7.8 million.

China Everbright Q3 earnings jump 27% on higher revenue

CHINA Everbright Water's third-quarter net profit rose 27 per cent to HK$182.6 million (S$31.8 million) from HK$144.3 million a year ago following a jump in revenue led by construction.

Regtech startup Silent Eight raises US$6.2m in oversubscribed Series A round

SINGAPORE-HEADQUARTERED regulatory technology (regtech) startup Silent Eight has raised an oversubscribed US$6.2 million Series A round, it said on Wednesday.

Stocks to watch: SPH, Yoma, Eagle Hospitality Trust, Rex, Golden Agri, YZJ, Tuan Sing

THE following companies saw new developments that may affect trading of their shares on Thursday:

Rex International swings into the black for Q3

REX International is in the black for the third quarter with a US$582,000 net profit, compared with a US$1.6 million net loss a year ago, following the completion of a US$2 million sale in licences to a third party.

The Arcade up for collective sale again with S$780m asking price

THE owners of The Arcade in Collyer Quay are making a second stab at a collective sale, with an asking price of S$780 million, 10 per cent less than the S$868 million they had asked for in 2014.

Singapore's EDBI gives financial solutions firm Pico's regional push a leg up

SINGAPORE Economic Development Board's investment arm EDBI has invested an undisclosed sum in financial solutions provider Pico.

The Arcade up again for collective sale with S$780m asking price

OWNERS of The Arcade in Collyer Quay are making a second stab at a collective sale with an asking price of S$780 million, 10 per cent  lower than the S$868 million price tag attempted in 2014.

Singapore shares open lower on Wednesday; STI down 0.38%

SINGAPORE shares started Wednesday lower following a mixed US trading session overnight. The Straits Times Index pared some of its Tuesday gains, losing 12.41 points or 0.38 per cent to 3,255.39 as at 9.05am.

Valuetronics Q2 profit up 26.3% on absence of one-off provision for China plant

ELECTRONICS manufacturer Valuetronics Holdings reported a 26.3 per cent rise in net profit for its fiscal 2020 second quarter ended Sept 30 to HK$56 million (S$9.7 million) from HK$44.3 million a year ago.

Yanlord raises cash offer for United Engineers to S$2.70 apiece from S$2.60

CHINA-BASED property developer Yanlord Land Group has increased its cash offer for United Engineers (UE) to S$2.70 per share, from the S$2.60 it offered in late October.

Fitch Solutions sees Singapore sugar rules having little impact on consumer spending on beverages

SINGAPORE'S upcoming sugar regulations will have little impact on top line consumer spending on beverages, said Fitch Solutions Macro Research.

SunMoon narrows Q2 net loss to S$304,000

SUNMOON Food Company posted a lower second-quarter net loss of S$304,000, compared with a loss of S$2.1 million in the year-ago period.

CNMC Goldmine Q3 profit surges to US$2m on gold prices

CNMC Goldmine Holdings's third quarter net profit surged to US$2 million, more than eight times the US$235,611 profit posted a year ago, due to gold bars being sold at record prices, the absence of listing expenses and a one-off Malaysia tax reversal.

APTT Q3 DPU falls to 0.3 S cent; it's in talks with potential investors

PAY TV firm Asian Pay Television Trust (APTT) declared an ordinary interim distribution per unit (DPU) of 0.3 Singapore cent for its third quarter, versus 1.625 cents a year ago, to be paid on Dec 24.

Jardine C&C to privatise Malaysian arm for RM90.6m

REGIONAL auto dealer Jardine Cycle & Carriage (Jardine C&C) is looking to privatise its Malaysian arm Cycle & Carriage Bintang Berhad (CCB) for RM90.6 million (S$29.8 million), or RM2.20 per share, the firm said in a bourse filing on Monday.

NetLink to support TPG Telecom 5G trial at Singapore Science Park

NETLINK NBN Trust will support TPG Telecom's 5G trial network across Singapore Science Park 1 and 2, the national broadband operator said in a bourse filing on Monday.

AEI to sell business to exec directors for S$6.4m; they step down on Monday

ALUMINIUM producer AEI Corp is selling its business and liabilities to the investment vehicle of its executive directors, Ian Tan Chu En and his wife Sinta Muchtar, for S$6.4 million.