EHT to use maiden distribution to pay for sponsor's liabilities

MONIES that were originally intended for Eagle Hospitality Trust's (EHT) maiden distribution to unitholders will now be re-directed to fund critical expenses of the US-based hotel trust and its underlying portfolio.

Eagle Hospitality Trust to use maiden distribution to pay for sponsor's liabilities

MONIES that were originally intended for Eagle Hospitality Trust's (EHT) maiden distribution to unitholders will now be redirected to fund critical expenses of the US-based hotel trust and its underlying portfolio.

Hyflux rescue deal hits snag as Utico changes cash offer to shares

THE rescue deal for Hyflux has hit another snag, with potential investor Utico now demanding that all of Hyflux's creditors accept shares of Utico and Hyflux as payment, instead of cash.

Hyflux rescue deal hits a snag as Utico revokes cash offer

THE rescue deal for Hyflux has hit another snag, with potential investor Utico now demanding that all of Hyflux's creditors accept shares of Utico and Hyflux as payment, instead of cash.

Temasek unit leading consortium to rescue PIL

A CONSORTIUM of investors led by Heliconia Capital Management, the investment firm owned by Temasek Holdings, may soon come to the rescue of struggling Singapore boxship operator Pacific International Lines (PIL).

Temasek unit in rescue talks with PIL shipping line

A CONSORTIUM of investors led by Heliconia Capital Management, the investment firm owned by Temasek Holdings, may soon come to the rescue of struggling Singapore boxship operator Pacific International Lines (PIL).

INVESTING

Time to look at Singapore-listed blue chip developers

PRIVATE home prices are poised for a moderate decline as unemployment looks set to rise and property viewings continue to be disallowed due to social distancing measures.

HOCK LOCK SIEW

Eagle H Trust needs an independent manager

THE best way to restore confidence in Eagle Hospitality Trust (EHT) is for the current Reit manager to be replaced by one that is competent and independent of EHT's sponsor and master lessee Urban Commons (UC).

Analysts remain bearish on SIA after woeful Q4 losses

ANALYSTS remain bearish on Singapore Airlines (SIA) after the national carrier delivered worse than expected losses in the March quarter and a dismal operating update for the month of April, while offering little earnings visibility for the year ahead.

Analysts remain bearish on SIA after worse-than-expected Q4 losses

ANALYSTS remain bearish on Singapore Airlines (SIA) after the national carrier delivered worse-than-expected losses in the March quarter and a dismal operating update for the month of April, while offering little earnings visibility for the year ahead.

VIRUS OUTBREAK

SIA posts S$732m Q4 loss as bad hedges worsen virus woes

SINGAPORE Airlines (SIA) has posted a net loss of S$732.4 million in the fourth quarter, reversing from a net profit of S$202.6 million in the same period a year earlier.

SIA posts S$732.4m in Q4 net loss as bad hedges worsen virus woes

SINGAPORE Airlines (SIA) has posted a net loss of S$732.4 million in the fourth quarter, reversing from a net profit of S$202.6 million in the corresponding quarter a year ago.

HOCK LOCK SIEW

Controversy over SIA DLC shorts stems from risks caused by SocGen's untimely disclosure

THE decision by major structured products issuer Societe Generale (SocGen) to make a S$0.30 "goodwill" payment to traders who lost the entire value of their holdings in the 5x Short Singapore Airlines (SIA) daily leveraged certificates (DLCs) is a fair one.

VOLATILE MARKETS

Q1 market reset sparks jump in retail interest in SGX stocks

THE market reset in the first quarter has sparked renewed retail interest in Singapore stocks, as first-timers found an opportunity to hunt for bargains while long-dormant investors scrambled to recalibrate their portfolios.

Lippo Malls Indonesia Retail Trust 'reviewing' if it should defer perp coupon in June

LIPPO Malls Indonesia Retail Trust (LMIRT) has not yet decided if it will defer an upcoming distribution to perpetual securities holders payable on June 19, and will only make a final decision early next month, it said.

Traders cry foul over losses from SocGen actions on SIA shorts

TRADERS in the 5x Short Singapore Airlines (SIA) daily leverage certificates (DLCs) saw their positions go to zero on Wednesday when SIA shares rose more than 20 per cent upon trading ex-rights.

Traders cry foul from loss on SIA leveraged shorts over ex-right pricing

MANY traders saw their entire positions in the 5x Short Singapore Airlines (SIA) daily leverage certificates (DLCs) go to zero on Wednesday when SIA shares rose more than 20 per cent upon trading ex-rights.

SIA warns of first yearly loss due to Covid-19 and fuel hedging losses

SINGAPORE Airlines (SIA) expects to report a small operating profit, but a net loss, for the full year ending March 31, owing mainly to fuel hedging losses, it said on Friday.

NetLink C-suite to take 8% pay cut amid Covid-19 even as payout rises

FIBRE optic cable owner NetLink NBN Trust said on Wednesday that the chief executive officer, chief financial officer and chief operating officer of the trust manager will take an 8 per cent reduction in base salary with effect from May 1, which will be reviewed after six months or when the...

Netlink C-suite to take 8% pay cut amid Covid-19 even as DPU rises

FIBRE optic cable owner NetLink NBN Trust has posted a net profit of S$12.5 million in the fourth quarter, down 37.7 per cent from the corresponding quarter the year before, owing to the write-off of S$15.4 million in capitalised project costs relating to a discontinued IT system replacement...

Market value of Singapore stocks swells in April as funds redeploy cash into blue chips

THE combined value of all Singapore stocks rose in April as funds redeployed the cash they had pulled out during a panicked March into trusty blue chips, though second-liners remained on the backburner.

HOCK LOCK SIEW

Should SIA review its fuel hedging policy?

WHILE anyone holding Singapore Airlines (SIA) shares can appreciate that Covid-19 has dealt an unprecedented blow to the entire air travel industry, it may be time to question if SIA's unique policy of hedging its jet fuel costs five years into the future has exposed shareholders to more hedging...

STOCKS

STI closes 0.95% lower on Friday, down 3.69% for the week

THE Straits Times Index (STI) fell 24.21 points or 0.95 per cent on Friday to finish the week at 2.518.16 points, as prospects for a gradual re-opening of the world economy looked dimmer after a report the night before revealed that a leading experimental coronavirus drug had disappointed in a...

STI closes 0.95% lower, down 3.69% for the week

THE Straits Times Index (STI) fell 24.21 points or 0.95 per cent on Friday to finish the week at 2.518.16 points, as prospects for a gradual re-opening of the world economy looked dimmer after a report the night before revealed that a leading experimental coronavirus drug had disappointed in a...

EHT's sponsor dogged by payment disputes

INVESTORS in Eagle Hospitality Trust (EHT) are not the only ones who have faced difficulty collecting money from master lessee and Reit sponsor Urban Commons (UC) over the years, The Business Times can reveal.