MARKET TURMOIL

New security law on Hong Kong spooks Asian markets

OPTIMISM from the gradual reopening of global economies was shaken on Friday by news that the Chinese government plans to impose national security legislation on Hong Kong, sending regional markets into a tailspin.

VIRUS OUTBREAK

Singapore market set for 2021 recovery; safety measures a new normal for firms that can reopen

EVEN as the gradual easing of circuit breaker measures see delayed reopening for some sectors, government stimulus, ample liquidity and investor willingness to look beyond 2020 could prevent the Singapore market from sinking to previous crisis levels, according to a CGS-CIMB report.

Ho Bee Land credits 'strategic' portfolio for cushion against Covid-19 impact

MAINBOARD-LISTED developer Ho Bee Land said on Tuesday that the firm is "not as badly affected" by the virus outbreak on the back of its strategic and resilient portfolio.

SPH to weather Covid-19 crisis, will benefit from investment in data collection

SINGAPORE Press Holdings (SPH) said in a business update on Tuesday that its "resilient finances" will withstand the impact of Covid-19.

UG Healthcare facilities operating at 'optimum production efficiency'

CATALIST-LISTED manufacturer of disposable gloves UG Healthcare Corporation said in a regulatory update on Tuesday that its facilities are operating at "optimum production efficiency", with the production capacity of 2.9 billion gloves per annum amid higher demand.

Universal Resource seeks legal advice on irregularities in special audit report

UNIVERSAL Resource and Services said in a regulatory filing on Tuesday that it is seeking legal advice to pursue losses after irregularities in the cash and bank balances of its Chinese subsidiary, Sky Petroleum Technology Development (Tianjin), surfaced in a special audit report.

SPH to weather Covid-19 crisis, to benefit from investment in data collection

SINGAPORE Press Holdings (SPH) said in a business update on Tuesday that its "resilient finances" will withstand the impact of Covid-19.

SPH subsidiaries seek judicial management

SINGAPORE Press Holdings (SPH) announced in a regulatory filing on Tuesday that two of its subsidiaries have each applied to be placed under judicial management. 

Universal Resource seeks legal advice on irregularities in special audit report

UNIVERSAL Resource and Services said in a regulatory filing on Tuesday that it is seeking legal advice to pursue losses after irregularities in the cash and bank balances of its Chinese subsidiary, Sky Petroleum Technology Development (Tianjin), surfaced in a special audit report. 

Suntec Reit to issue S$200m 2.60% notes

SUNTEC Real Estate Investment Trust (Suntec Reit) has launched S$200 million worth of new five-year notes.

UG Healthcare facilities operating at 'optimum production efficiency'

CATALIST-LISTED manufacturer of disposable gloves UG Healthcare Corporation said in a regulatory update on Tuesday that its facilities are operating at "optimum production efficiency", with the production capacity of 2.9 billion gloves per annum amid higher demand for gloves.

Ho Bee Land credits 'strategic' portfolio for cushion against Covid-19 impact

MAINBOARD-LISTED developer Ho Bee Land said on Tuesday that the firm is "not as badly affected" by the virus outbreak on the back of its strategic and resilient portfolio.

Tech-heavy markets to emerge winners amid pandemic: DBS

AS Covid-19 fears continue to weigh on equity markets, indices with heavy technology exposure will outperform its peers, according to a report by DBS's chief investment office.

ThaiBev expects Covid-19 to accelerate off-premise sales

AS Thai Beverage Public Co (ThaiBev) sees business being hit amid government measures to contain the virus outbreak, it is expecting off-premise consumption to become the new normal.

VIRUS OUTBREAK

Circuit breaker disrupting logistics firms that need to ramp up operations

WHILE Singapore logistics firms continue to see a steady flow of business amid the pandemic, operations have been hampered by "circuit breaker" measures according to companies that The Business Times spoke to.

RHB sees value among small-cap stocks amid Covid-19 crisis

AS investors face heightened uncertainty amid the pandemic, research house RHB sees opportunities in several of the smaller-cap counters listed on the Singapore Exchange (SGX).

SIAEC braces for slow, difficult recovery in battered aviation industry

GIVEN the unprecedented scale of the curbs in international air travel, SIA Engineering Company (SIAEC) expects any form of recovery to be a challenge. In a post-results call on Monday, the aircraft maintenance, repair and overhaul (MRO) company said the biggest hurdle ahead will be how the...

BT EXCLUSIVE

More companies may need to cut dividends on Covid-19 uncertainty

AS THE Covid-19 pandemic rages on, there is increasing uncertainty over dividend payouts with more firms tightening their purse strings to conserve cash.

VIRUS OUTBREAK

Market strategists see slow economic recovery amid prolonged Covid-19 lockdowns

AS GLOBAL authorities deliberate between reopening economies and protecting the population through confinement measures, recovery will be slower than expected. But there are still several bright spots amid the long drawn global pandemic, according to market strategists.

OIL CHAOS

As oil gets beaten down, analysts find reason to look up

WHILE ravaged oil markets indicate the persistence of weak demand, market watchers are expecting recovery by the end of the year, though not at pre-crisis levels.

Oil prices to pick up due to deep production cuts, economic recovery: UBS

SHARP production cuts and post-crisis demand recovery will lead the pickup in oil prices, said Tan Min Lan, Asia-Pacific head of UBS's chief investment office, at a media teleconference on Tuesday. 

TOPLINE

AEM expects strong earnings despite Covid-19 disruptions

WHILE the Covid-19 pandemic has shuttered the doors of many businesses, AEM Holdings is bucking the trend with a positive outlook.

STOCKS

STI posts subdued gains amid US recovery plans, China GDP data

THE Straits Times Index ended Friday up 2.35 points or 0.1 per cent at 2,614.60.

STI posts subdued gains amid Asian optimism over US recovery plans

THE Straits Times Index ended Friday up 2.35 points or 0.1 per cent at 2,614.60.

Upcoming earnings season will determine if new quarterly reporting regime is sufficient

AS the next earnings season - the first since compulsory quarterly reporting (QR) was dropped - draws closer, the effectiveness of the new approach will be put to the test.